Popular Post KarenBravo Posted November 12, 2021 Popular Post Share Posted November 12, 2021 9 minutes ago, Eric Loh said: Countries weakened or strengthened their currencies by buying and selling in the currency markets. Thailand did that in 1997 with disastrous results. It is called currency manipulation or 'studity spending' as you called this. I did more than read, I live that moment in 1997. Yes, I was here, too. All you say is manipulation. No context whatsoever. No mention of spending all the foreign currency. No mention of all the dollar loans, no mention of the attacks by the currency markets. Nothing of value whatsoever in your original post. I'm sure you knew that just saying "manipulation" would cause the wrong impression and was misleading. 4 Link to comment Share on other sites More sharing options...
david555 Posted November 15, 2021 Share Posted November 15, 2021 (edited) Another ฿-€ day today .....and why not .... let us slide once more .... EXCHANGE RATE Last Update: 15/11/2021 09:27:49 T.T. Currency Exchange (ttexchange.com) Edited November 15, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted November 16, 2021 Share Posted November 16, 2021 (edited) Courageous Teflon Baht is pushing once more € down ..... (would like to transfer my ฿ to € land at 36.50 ???? , seems coming in that range by end month ???????? ) https://ttexchange.com/?fbclid=IwAR2XnLl8rwxpbwnZ3qawxdXenMVdsR8pWWMKPG08lsqI8zTdv1zjVCNsQJc Edited November 16, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted November 16, 2021 Share Posted November 16, 2021 (edited) At 18'26 this evening Gold broke thru the 53000 /Kg This just from 50706/€ a kg last week Tuesday ????......something must going to happen ...???? AmsterdamGold | Buy gold bars. Secure, trustworthy and discrete Edited November 16, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted November 16, 2021 Share Posted November 16, 2021 (edited) And Euro now under 37.....as 36'93 against the Teflon Baht on recovery mode T.T. Currency Exchange (ttexchange.com) Edited November 16, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted November 17, 2021 Share Posted November 17, 2021 (edited) It getting monotonous .... but another sliding now to 36,83 € T.T. Currency Exchange (ttexchange.com) Edited November 17, 2021 by david555 Link to comment Share on other sites More sharing options...
david555 Posted November 18, 2021 Share Posted November 18, 2021 Coming close to my exchange target ฿ to € of targeted 36.50 ....looks like it go lower end than that , by end month....???? Link to comment Share on other sites More sharing options...
ourdon Posted November 18, 2021 Share Posted November 18, 2021 Crikey, I think the dam baht is up about 8% over the Canadian dollar in the last month. David555, I'm glad it's good news for someone. It's surely made life more difficult over here. 1 1 Link to comment Share on other sites More sharing options...
david555 Posted November 19, 2021 Share Posted November 19, 2021 12 hours ago, ourdon said: Crikey, I think the dam baht is up about 8% over the Canadian dollar in the last month. David555, I'm glad it's good news for someone. It's surely made life more difficult over here. "David555, I'm glad it's good news for someone. " Oh it may go up for your currency's after my transfers , then i do not need it anymore before another 6 month's for my last transfer batch then ???? But the too high Gold price is worrying ....that point to bad future things could happen ???? Link to comment Share on other sites More sharing options...
1FinickyOne Posted November 19, 2021 Share Posted November 19, 2021 On 11/9/2021 at 9:15 AM, tonray said: and in spite of growing evidence of 'persistent' inflation, the US Federal Reserve has steadfastly refused to raise interest rates. son of a gun... I have trouble calculating the difference between .003 and .0003% Link to comment Share on other sites More sharing options...
1FinickyOne Posted November 19, 2021 Share Posted November 19, 2021 Yo Nuff - Markets like currencies and stocks and bonds fluctuate... if this small fluctuation worries or effects you, just look at the $$ back in January... on a yearly basis we are doing quite well... but you really can't go in the ocean and not expect any waves... right? This has been going on all of your life... where you been dude? 1 1 Link to comment Share on other sites More sharing options...
david555 Posted November 20, 2021 Share Posted November 20, 2021 (edited) Good news for many , bad news for me € is climbing light against ฿ ,.....???? However it is weekend rate.... so all take safe positions for 2 days .....my hope for further downwards keep existing ???? T.T. Currency Exchange (ttexchange.com) Edited November 20, 2021 by david555 Link to comment Share on other sites More sharing options...
whiteman Posted November 24, 2021 Share Posted November 24, 2021 The sky is falling but the Bhat remains stuck in the upward direction in the clouds 2 Link to comment Share on other sites More sharing options...
ourdon Posted November 24, 2021 Share Posted November 24, 2021 On 11/8/2021 at 7:01 PM, KarenBravo said: Thai trade surplus and a hawkish central bank (according to what I've read). Out of curiosity by "trade surplus" do you mean that point in time between the submarines and the attack aircraft where the military junta sold large portions of the stored rice reserves to foreign countries rather than feed their own people??? KB, I'm not poking at you, it's just that the inequities sometimes just can't be ignored. 2 Link to comment Share on other sites More sharing options...
david555 Posted November 25, 2021 Share Posted November 25, 2021 Yes it seems € is moderate up and the Thai baht loosing some strengt ???? Link to comment Share on other sites More sharing options...
GrandPapillon Posted November 25, 2021 Share Posted November 25, 2021 (edited) good news, did a 10K+ USD transfer and it has been blocked for 12 days now somewhere, maybe will get a better THB rate as compensation ???? Edited November 25, 2021 by GrandPapillon 1 Link to comment Share on other sites More sharing options...
david555 Posted February 14, 2022 Share Posted February 14, 2022 (edited) Thai baht rising ...? NO !...more the Euro again diving .....,as under 37 baht worth now....????, Anyway the ruble is super diving at 0.36 with all that war threatening doing ???? For those monthly transferring from Euro in to Thailand keep an eye you send enough for your immigration needs Pity i only need to buy € (Send to Europe) in 4 month's time a big lot again ???? Edited February 14, 2022 by david555 Link to comment Share on other sites More sharing options...
EricTh Posted February 14, 2022 Share Posted February 14, 2022 Yes, Thai baht is gaining strength recently due to opening up of Thailand tourism from 1 Feb. 1 Link to comment Share on other sites More sharing options...
EricTh Posted February 14, 2022 Share Posted February 14, 2022 10 minutes ago, david555 said: Thai baht rising ...? NO !...more the Euro again diving .....,as under 37 baht worth now....????, Anyway the ruble is super diving at 0.36 with all that war threatening doing ???? For those monthly transferring from Euro in to Thailand keep an eye you send enough for your immigration needs Pity i only need to buy € (Send to Europe) in 4 month's time a big lot again ???? Thai Baht is gaining against most currencies. 1 2 Link to comment Share on other sites More sharing options...
david555 Posted February 14, 2022 Share Posted February 14, 2022 1 minute ago, EricTh said: Thai Baht is gaining against most currencies. As i kept only comparing with my Euroland currency .....did not kept up with the other currency ones 1 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted February 14, 2022 Share Posted February 14, 2022 On 11/9/2021 at 9:52 AM, tonray said: You know...I transferred money last month for a car purchase (which I am having 2nd thoughts about due to immigration's continued assault on my OA Visa)....could probably make a couple grand US (depending on fees) if I reverse transfer if the baht gains a bit more. Hmm.... Reverse transfer? By what method? Link to comment Share on other sites More sharing options...
david555 Posted February 14, 2022 Share Posted February 14, 2022 (edited) 24 minutes ago, The Hammer2021 said: Reverse transfer? By what method? Never heard about original Thai Banking system ...? ???? Swift etc......? Edited February 14, 2022 by david555 Link to comment Share on other sites More sharing options...
lkn Posted February 14, 2022 Share Posted February 14, 2022 1 hour ago, EricTh said: Yes, Thai baht is gaining strength recently due to opening up of Thailand tourism from 1 Feb. I know they are forcing all arrivals to pay for two PCR tests and quarantine hotel, but we are talking about at most 50,000 people. It is their exports which drives demand for their currency, not currently tourism. Somewhat surprisingly, GDP only fell 6% in 2020 where the country was shut down and trade surplus increased to $25bn. Though a contributing factor to the increased surplus could be decreased imports, and I am not sure how much their stimulis packages factor into GDP, I have not dug into the numbers. Link to comment Share on other sites More sharing options...
david555 Posted February 14, 2022 Share Posted February 14, 2022 (edited) 31 minutes ago, lkn said: I know they are forcing all arrivals to pay for two PCR tests and quarantine hotel, but we are talking about at most 50,000 people. It is their exports which drives demand for their currency, not currently tourism. Somewhat surprisingly, GDP only fell 6% in 2020 where the country was shut down and trade surplus increased to $25bn. Though a contributing factor to the increased surplus could be decreased imports, and I am not sure how much their stimulis packages factor into GDP, I have not dug into the numbers. "I know they are forcing all arrivals to pay for two PCR tests and quarantine hotel, but we are talking about at most 50,000 people. It is their exports which drives demand for their currency, not currently tourism." About that .... well today already 3 times the yellow half open truck ,with ambulance sirene and lights on AND with persons inside and luggage speeding on Theprasit rd. (1 time accompanied with real ambulance ) down from Sukhumvit rd. and later empty again up to S. again , seems busy business the quarantaine hotel in Pattaya now with the new arrivals .......???? but probably infections on the rise soon again also .... Edited February 14, 2022 by david555 2 Link to comment Share on other sites More sharing options...
Popular Post EricTh Posted February 14, 2022 Popular Post Share Posted February 14, 2022 (edited) 2 hours ago, lkn said: I know they are forcing all arrivals to pay for two PCR tests and quarantine hotel, but we are talking about at most 50,000 people. It is their exports which drives demand for their currency, not currently tourism. Somewhat surprisingly, GDP only fell 6% in 2020 where the country was shut down and trade surplus increased to $25bn. Though a contributing factor to the increased surplus could be decreased imports, and I am not sure how much their stimulis packages factor into GDP, I have not dug into the numbers. Exchange rate is based on currency speculators of what the future exchange rate would be, not so much on current economics. Yes, there are large number of currency manipulators who are rich and buy/sell billions. The currency speculators based the rate on the tourism opening on 1 Feb, I have been watching the Thai Baht movement. Stock market prices and currency work almost the same. They are controlled by speculators. Edited February 14, 2022 by EricTh 3 Link to comment Share on other sites More sharing options...
Isaan sailor Posted February 14, 2022 Share Posted February 14, 2022 Starting to get ugly now with the surging Baht. Here we go again. 1 Link to comment Share on other sites More sharing options...
lkn Posted February 14, 2022 Share Posted February 14, 2022 1 hour ago, EricTh said: Exchange rate is based on currency speculators of what the future exchange rate would be, not so much on current economics. And what determines the future exchange rate? Sure, speculation happens, but mostly when fundamentals are out of whack with actual prices. E.g. if you currently think baht is overvalued, you would take out a billion baht loan and then pay it back when the baht has decreased in value to reflect actual demand. Speculating about a currency going up, if there is no actual demand, is a bit foolish, because if the price gets too high, and it starts to hurt the Thai export, the Central Bank of Thailand can just print a few billion baht and sell into the market for EUR, USD, or JPY. Speculating on a currency going down is “safer” because here intervention from the Central Bank will require them to have enough currency reserves to keep the price from falling below their target. The Central Bank of Thailand though have $250bn worth of foreign currency in their reserves, so I wouldn’t go one on one with them. 1 hour ago, EricTh said: Stock market prices and currency work almost the same. They are controlled by speculators. I am not sure what you mean by “speculators”. Sure, when you buy a stock, you are “speculating” about the future cashflow of the company, but based on the last few quarterly earning reports, company’s own guidance, and macroeconomic news. Of course if you are day trading, you are participating in a Keynesian beauty contest, because you just don’t have enough up-to-date information, so that field is more about speculation. 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted February 14, 2022 Share Posted February 14, 2022 1 hour ago, Isaan sailor said: Starting to get ugly now with the surging Baht. Here we go again. You'll probably find that if that mad Russian idiot would stop playing mines bigger than yours the normal rate for the last month or so wold go back to normal again ! 2 Link to comment Share on other sites More sharing options...
EricTh Posted February 15, 2022 Share Posted February 15, 2022 (edited) 18 hours ago, lkn said: And what determines the future exchange rate? Sure, speculation happens, but mostly when fundamentals are out of whack with actual prices. E.g. if you currently think baht is overvalued, you would take out a billion baht loan and then pay it back when the baht has decreased in value to reflect actual demand. Speculating about a currency going up, if there is no actual demand, is a bit foolish, because if the price gets too high, and it starts to hurt the Thai export, the Central Bank of Thailand can just print a few billion baht and sell into the market for EUR, USD, or JPY. Speculating on a currency going down is “safer” because here intervention from the Central Bank will require them to have enough currency reserves to keep the price from falling below their target. The Central Bank of Thailand though have $250bn worth of foreign currency in their reserves, so I wouldn’t go one on one with them. I am not sure what you mean by “speculators”. Sure, when you buy a stock, you are “speculating” about the future cashflow of the company, but based on the last few quarterly earning reports, company’s own guidance, and macroeconomic news. Of course if you are day trading, you are participating in a Keynesian beauty contest, because you just don’t have enough up-to-date information, so that field is more about speculation. I was just replying to some people who said that Thailand's economy is now bad so why is the Thai baht suddenly so strong? Speculation plays a big part but it's not the only factor. It was based on future economic prospects of Thailand judging from current economic policies, political stability and trade surplus/deficit. The 1st Feb tourism opening was the catalyst for the surge recently. It's still strengthening today. Edited February 15, 2022 by EricTh 2 Link to comment Share on other sites More sharing options...
jwest10 Posted February 15, 2022 Share Posted February 15, 2022 On 11/9/2021 at 9:04 AM, Clarkey611 said: Something to do with manipulation, possibly? Yes, as always and someone again making huge gains for doing NOWT Link to comment Share on other sites More sharing options...
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