snoop1130 Posted January 7, 2022 Share Posted January 7, 2022 BANGKOK (NNT) - Krungthai Bank market strategist Poon Panichpibool predicted that the Thai currency would move between 33.45 and 33.65 per US dollar, noting that it could be even weaker because of the pressure from the strengthening dollar and the Omicron outbreaks. The Public Health Ministry raised the Covid-19 alert level to 4 so Thai investors will need to speculate if foreign investors are worried about the Omicron situation. The situation may prompt foreign investors to adjust their asset allocations including reducing possession of Thai assets and Thai stocks in the short term. However, there has not been a large sell-off of short-term bonds, which signifies that foreign investors do not expect the Thai currency to devalue in a drastic manner. The baht’s key resistant level is anticipated to range from 33.20 baht to 33.30 baht per US dollar. -- © Copyright NNT 2022-01-07 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted January 7, 2022 Popular Post Share Posted January 7, 2022 But .....it always seems to bounce back . regards worgeordie 9 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted January 7, 2022 Share Posted January 7, 2022 (edited) Easy to see where Anutin and co start spouting tourist nonsense https://www.xe.com/currencycharts/?from=GBP&to=THB&view=1W Edited January 7, 2022 by RichardColeman Link to comment Share on other sites More sharing options...
Popular Post Soikhaonoiken Posted January 7, 2022 Popular Post Share Posted January 7, 2022 6 hours ago, worgeordie said: But .....it always seems to bounce back . regards worgeordie Also with the little help of manipulation.... 2 2 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted January 7, 2022 Share Posted January 7, 2022 (edited) 9 hours ago, worgeordie said: But .....it always seems to bounce back . regards worgeordie You got that right. They can’t leave well enough alone. Edited January 7, 2022 by Isaan sailor 1 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted January 8, 2022 Popular Post Share Posted January 8, 2022 11 hours ago, snoop1130 said: However, there has not been a large sell-off of short-term bonds, which signifies that foreign investors do not expect the Thai currency to devalue in a drastic manner. History has proven the baht to be teflon coaated. 4 1 Link to comment Share on other sites More sharing options...
brianthainess Posted January 8, 2022 Share Posted January 8, 2022 While with the rest of the worlds currencies the Baht is stronger. As usual just about the USD. ???? 2 Link to comment Share on other sites More sharing options...
sandyf Posted January 8, 2022 Share Posted January 8, 2022 2 hours ago, hotchilli said: History has proven the baht to be teflon coaated. It is about management of foreign reserves and lessons learned from financial crisis. Towards end of last year, Thailand was substantially higher than UK and not a lot below US. Pre pandemic about 13th in the world. https://knoema.com/atlas/Thailand/topics/Economy/Short-term-indicators/Foreign-exchange-reserves https://knoema.com/atlas/United-Kingdom/topics/Economy/Short-term-indicators/Foreign-exchange-reserves https://knoema.com/atlas/United-States-of-America/topics/Economy/Short-term-indicators/Foreign-exchange-reserves 1 Link to comment Share on other sites More sharing options...
Popular Post StayinThailand2much Posted January 8, 2022 Popular Post Share Posted January 8, 2022 (edited) 2 hours ago, hotchilli said: History has proven the baht to be teflon coaated. Has nothing to do with the baht, but rather the ridiculously high foreign currency reserves, among the highest in the world. Edited January 8, 2022 by StayinThailand2much 4 Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted January 8, 2022 Popular Post Share Posted January 8, 2022 Yesterday I transferred £1,000 via Wise was in my SCB within 5 minutes got 45,400 ,00 Thai baht along way off when in 2005 I was getting 74 baht to the £ but better than last weeks rate 3 Link to comment Share on other sites More sharing options...
BritManToo Posted January 8, 2022 Share Posted January 8, 2022 5 minutes ago, crazykopite said: Yesterday I transferred £1,000 via Wise was in my SCB within 5 minutes got 45,400 ,00 Thai baht along way off when in 2005 I was getting 74 baht to the £ but better than last weeks rate What were you getting in 1997? Link to comment Share on other sites More sharing options...
placeholder Posted January 8, 2022 Share Posted January 8, 2022 14 hours ago, worgeordie said: But .....it always seems to bounce back . regards worgeordie Are you aware that there's a downside to bounces? https://www.google.com/search?q=dollar+to+baht&oq=dollar+t&aqs=chrome.0.69i59j69i57j69i60.2059j0j4&sourceid=chrome&ie=UTF-8 Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted January 8, 2022 Popular Post Share Posted January 8, 2022 Spikes ... ???? When it's ฿40 / $1 ... I might call it a spike. Only care if it goes below ฿30, anything above ฿35, that will bring a big smile to my face. Anything in between, isn't news worthy. 2 1 Link to comment Share on other sites More sharing options...
digger70 Posted January 8, 2022 Share Posted January 8, 2022 3 hours ago, brianthainess said: While with the rest of the worlds currencies the Baht is stronger. As usual just about the USD. ???? Yea funny that hey. I don't care about the $US I get paid in $AUD and the THB is still 0,9 THB stronger than 1 Month ago. 1 Link to comment Share on other sites More sharing options...
Popular Post John Drake Posted January 8, 2022 Popular Post Share Posted January 8, 2022 15 hours ago, worgeordie said: But .....it always seems to bounce back . regards worgeordie At least it always seems to do so right before social security transfers my monthly payment around the 3rd. 1 3 Link to comment Share on other sites More sharing options...
sandyf Posted January 8, 2022 Share Posted January 8, 2022 2 hours ago, digger70 said: Yea funny that hey. I don't care about the $US I get paid in $AUD and the THB is still 0,9 THB stronger than 1 Month ago. You should care about the USD. Thailand has a significant amount of USD in the foreign reserves, a move that followed the financial crisis. A stronger USD helps prop up the baht. 1 Link to comment Share on other sites More sharing options...
OneeyedJohn Posted January 8, 2022 Share Posted January 8, 2022 I transferred today at 45.72 to the £ Link to comment Share on other sites More sharing options...
digger70 Posted January 8, 2022 Share Posted January 8, 2022 2 hours ago, sandyf said: You should care about the USD. Thailand has a significant amount of USD in the foreign reserves, a move that followed the financial crisis. A stronger USD helps prop up the baht. Why should I, I get paid in $AUD I only look at what the rate is for AUD THB sometimes it goes up a bit sometimes it goes down a bit. over the last 10 yrs it has gone down a Lot. They said the THB was Weakening ,That's only against the $US Not against the $AUD. I only will start Laughing when we get THB 30 Like 10 yrs ago. (ain't gonna happen ) it's now THB 24 for a $ AUD So don't tell me to care about the $US. Link to comment Share on other sites More sharing options...
sandyf Posted January 9, 2022 Share Posted January 9, 2022 16 hours ago, digger70 said: I only will start Laughing when we get THB 30 Like 10 yrs ago. (ain't gonna happen ) it's now THB 24 for a $ AUD So don't tell me to care about the $US. You took it the wrong way round. You will only ever start laughing if the USD were to nosedive, something I certainly care to happen. The days of 75/£ are now a distant dream. 1 1 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted January 9, 2022 Popular Post Share Posted January 9, 2022 (edited) 1 hour ago, sandyf said: The days of 75/£ are now a distant dream. 35/pound lasted a lot longer than 75/pound. Why concentrate your thoughts on a brief and anomalous high? At 45/pound we're still doing a lot better than the Australians/NZers and Canadians. They're down 20% and we're only down 10% on the past 10 years. Edited January 9, 2022 by BritManToo 3 Link to comment Share on other sites More sharing options...
sandyf Posted January 9, 2022 Share Posted January 9, 2022 5 hours ago, BritManToo said: 35/pound lasted a lot longer than 75/pound. Why concentrate your thoughts on a brief and anomalous high? At 45/pound we're still doing a lot better than the Australians/NZers and Canadians. They're down 20% and we're only down 10% on the past 10 years. Hardly brief. It was 60/£ when I first came in 99 and rising, it was another 10 years before it was back down around that mark. Down to around 51 when brexit kicked it in the teeth, but I never saw 35, think the lowest I ever exchanged at was just over 37, XE shows the lowest point at 36.9 in Aug 2019. I take it you can show us for how long and when it was at 35/£. Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted January 9, 2022 Popular Post Share Posted January 9, 2022 GBP loss against the THB had nothing to do with a 'free floating' market, or what is suppose to resemble it. That was punishment for Brexit. You can thank the Rothschilds / Central Banking / EU for that. 3 Link to comment Share on other sites More sharing options...
gamb00ler Posted January 9, 2022 Share Posted January 9, 2022 On 1/8/2022 at 12:43 PM, John Drake said: At least it always seems to do so right before social security transfers my monthly payment around the 3rd. You could always fool them by having your SS deposited to a US bank and then jump on the expected bounce after the usual SS payment date. 555 1 Link to comment Share on other sites More sharing options...
worldexpress Posted January 9, 2022 Share Posted January 9, 2022 Let's go, 40! I think 40 is a very nice number all parties can live with. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted January 9, 2022 Share Posted January 9, 2022 (edited) 1 hour ago, gamb00ler said: You could always fool them by having your SS deposited to a US bank and then jump on the expected bounce after the usual SS payment date. 555 That’s how I do it. SS goes into US bank account—then bring in $$ only when the rate suites you (or whenever you really need it). I can’t see any real advantage rate-wise to auto-depositing SS. And SS doesn’t care if expats direct payments to a US account. Edited January 9, 2022 by Isaan sailor 2 Link to comment Share on other sites More sharing options...
Metapod Posted January 9, 2022 Share Posted January 9, 2022 would love for the dollar to be 35+ again 1 Link to comment Share on other sites More sharing options...
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