Maybole Posted October 12, 2021 Share Posted October 12, 2021 I am not sure which forum to post this in. Mods may move to a more appropriate venue. Today all the major currencies I looked at have dropped precipitously against the Thai Baht. What happened? Link to comment Share on other sites More sharing options...
CharlieH Posted October 12, 2021 Share Posted October 12, 2021 MOVED TO BANKING Link to comment Share on other sites More sharing options...
JustAnotherHun Posted October 12, 2021 Share Posted October 12, 2021 (edited) It might have something to do with the announced opening of the country Edited October 12, 2021 by JustAnotherHun Link to comment Share on other sites More sharing options...
champers Posted October 12, 2021 Share Posted October 12, 2021 The Stock Market rose, not by much, mind you. Still uncertain times with a Government inclined to flip-flop out of the blue. Link to comment Share on other sites More sharing options...
The Hammer2021 Posted October 12, 2021 Share Posted October 12, 2021 (edited) The baht rose, got stronger. But its not changed against the pound Edited October 12, 2021 by The Hammer2021 Link to comment Share on other sites More sharing options...
stigar Posted October 12, 2021 Share Posted October 12, 2021 Earlier this year i get at at 2,79 bath for a NOK...now soon 4 bath Link to comment Share on other sites More sharing options...
RichardColeman Posted October 12, 2021 Share Posted October 12, 2021 BOE Interest rates are forecasted to be going higher soon to counter inflation and wage rises I guess, so £ should be rising soon against the baht before x-mas. Fingers crossed. Mind you , the pound baht long range forecast I'm looking at seems to put the pound at 47 by end of the year and 50 baht middle next year and staying at 50-52 until 2023 end. Then dropping 2024. 2 Link to comment Share on other sites More sharing options...
bkk6060 Posted October 12, 2021 Share Posted October 12, 2021 Should be interesting Thailand has escape the big inflation numbers that are hitting places like the U.S. Fuel prices are rising in Thailand like every place products and services could increase substantially when things start to open. On this, wait and see how many people come back to work when things open. Seems some Thais I know have settled in with their families and have no plan to come back to the tourist areas. Americans are quitting their jobs like never before over 4 million quit in August seems no one wants to work anymore even with record wages and incentives. Link to comment Share on other sites More sharing options...
Kwasaki Posted October 13, 2021 Share Posted October 13, 2021 Exchange rate are exchange rates with financial market traders taking profits for example the UK £ will always go up and down because of trading. Link to comment Share on other sites More sharing options...
Maybole Posted October 13, 2021 Author Share Posted October 13, 2021 11 hours ago, CharlieH said: MOVED TO BANKING Sorry, I could not find that, in fact I was unaware it existed. I have been educated now. Link to comment Share on other sites More sharing options...
Maybole Posted October 13, 2021 Author Share Posted October 13, 2021 9 hours ago, RichardColeman said: BOE Interest rates are forecasted to be going higher soon to counter inflation and wage rises I guess, so £ should be rising soon against the baht before x-mas. Fingers crossed. Mind you , the pound baht long range forecast I'm looking at seems to put the pound at 47 by end of the year and 50 baht middle next year and staying at 50-52 until 2023 end. Then dropping 2024. Inshallah, the boss will get her new cooker! Link to comment Share on other sites More sharing options...
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