Popular Post WEBBYB808 Posted March 16, 2022 Popular Post Share Posted March 16, 2022 So whats happening? Anyone who may have bought the Russian Ruble, which was predicted to turn to Rubble, last week when it was trading at 136 to 32 THB whould have made a considerable amount of proft as of this morning it was 96 to 33 THB. This is only 7 points higher than it was trading before the conflict started at 88 points. How is this possible? It would seem sanctions mean nothing if less than a month in the Ruble is so close to being back where it was. 1 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post Iamfalang Posted March 17, 2022 Popular Post Share Posted March 17, 2022 If I told you, I’d lose my edge. Finance. Money. That move was super easy to make big money on…..but you gotta have the right information. For 2 million baht, I’ll add you to my line group. Information is money. Hindsight gets you a 20 baht noodle soup for Thanksgiving dinner 1 1 2 6 Link to comment Share on other sites More sharing options...
KhunLA Posted March 17, 2022 Share Posted March 17, 2022 " It would seem sanctions mean nothing if less than a month in the Ruble is so close to being back where it was." 2 Link to comment Share on other sites More sharing options...
Popular Post billsmart Posted March 17, 2022 Popular Post Share Posted March 17, 2022 Do you know the difference between a ruble and a dollar? A dollar... ???? 9 Link to comment Share on other sites More sharing options...
Popular Post smutcakes Posted March 17, 2022 Popular Post Share Posted March 17, 2022 If only one could invest with the benefit of hindsight... 2 1 Link to comment Share on other sites More sharing options...
nitehawk42 Posted March 17, 2022 Share Posted March 17, 2022 You left out the decimal point. 1 1 Link to comment Share on other sites More sharing options...
Popular Post Srikcir Posted March 17, 2022 Popular Post Share Posted March 17, 2022 The Bank of Russia established on March 17, 2022 the exchange rates of foreign currencies to the ruble for accounting and customs payments. Foreign currency holders will have to decide whether they accept this pricing. Note that that Russian stock and derivatives markets are still closed and at the end of February 2022 the Russian bank more than doubled the key interest rate to 20% in an artificial boost of the ruble. But to borrow Russian rubles now is very risky. 4 Link to comment Share on other sites More sharing options...
Isaan sailor Posted March 17, 2022 Share Posted March 17, 2022 Yeah, let’s talk about currencies today: Ruble way up. USD way down—despite the Fed meeting affirming first of seven projected rate increases for the remainder of this year. And for next meeting, the Fed will reduce their securities balance sheet. But somehow, Risk On wins the day with traders. 1 Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted March 17, 2022 Popular Post Share Posted March 17, 2022 (edited) 1 hour ago, Isaan sailor said: Yeah, let’s talk about currencies today: Ruble way up. USD way down—despite the Fed meeting affirming first of seven projected rate increases for the remainder of this year. And for next meeting, the Fed will reduce their securities balance sheet. But somehow, Risk On wins the day with traders. What do you consider way down ? Sun 33.32 ... Tues 33.56 ... now 33.28 1 Jan 2022 ... 33.19 18 Mar 2021 ... 30.69 Hope this downward trend continues through next year, might be down to 35.87 ???? 30.69 ... 18 Mar 2021 33.28 ... 17 Mar 2022 2.59 33.28 35.87 ... 17 Mar 2023 Edited March 17, 2022 by KhunLA 3 1 2 Link to comment Share on other sites More sharing options...
Isaan sailor Posted March 17, 2022 Share Posted March 17, 2022 1 hour ago, KhunLA said: What do you consider way down ? Sun 33.32 ... Tues 33.56 ... now 33.28 1 Jan 2022 ... 33.19 18 Mar 2021 ... 30.69 Hope this downward trend continues through next year, might be down to 35.87 ???? 30.69 ... 18 Mar 2021 33.28 ... 17 Mar 2022 2.59 33.28 35.87 ... 17 Mar 2023 33.23 at the moment. That’s down from 33.52 24 hours ago. I rest my case. Perhaps you need glasses. Link to comment Share on other sites More sharing options...
CartagenaWarlock Posted March 17, 2022 Share Posted March 17, 2022 Baht is extremely resilient against dollar. It won't budge. I am happy as long as it stays above 30/dollar 2 1 Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted March 17, 2022 Popular Post Share Posted March 17, 2022 (edited) 1 hour ago, Isaan sailor said: 33.23 at the moment. That’s down from 33.52 24 hours ago. I rest my case. Perhaps you need glasses. If that's what you consider 'way down', then you are really going stress yourself out watching the USD - THB exchange rate. 30 satang ... hate to see your reaction when it's 3 baht in a month. It hit 45, first year I was here ???? and that actually down from a few years prior. Don't worry yourself, till it drops below 30. Thais like to keep around 32, so 31-33 is about normal. Edited March 17, 2022 by KhunLA 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted March 17, 2022 Popular Post Share Posted March 17, 2022 Shares in Russian undertakers is a safe bet right now the rubble who cares a flying ???? 2 2 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted March 17, 2022 Popular Post Share Posted March 17, 2022 4 hours ago, Isaan sailor said: Yeah, let’s talk about currencies today: Ruble way up. USD way down—despite the Fed meeting affirming first of seven projected rate increases for the remainder of this year. And for next meeting, the Fed will reduce their securities balance sheet. But somehow, Risk On wins the day with traders. USD way down against what currencies? It is still higher against the Euro, the Yuan, the Yen, and the Pound than it was a month ago. Over the year it's up against all those currencies except the Yuan. Just because the last few days confirm your predilections, doesn't mean that's a sound way to judge a currency or the strenght of an economy. As for the ruble and the baht, they are relatively insignificant currencies. 2 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted March 17, 2022 Share Posted March 17, 2022 14 minutes ago, sammieuk1 said: Shares in Russian undertakers is a safe bet right now the rubble who cares a flying ???? Same with Hong Kongs mortuaries. They seem to be doing a death filled job right now thanks to Covid. 1 Link to comment Share on other sites More sharing options...
wwest5829 Posted March 17, 2022 Share Posted March 17, 2022 7 hours ago, nitehawk42 said: You left out the decimal point. Correct. .32 equal to 1 Thai baht. 1 Link to comment Share on other sites More sharing options...
WEBBYB808 Posted March 17, 2022 Author Share Posted March 17, 2022 4 hours ago, CartagenaWarlock said: Baht is extremely resilient against dollar. It won't budge. I am happy as long as it stays above 30/dollar Resilient or manipulated? 2 Link to comment Share on other sites More sharing options...
CartagenaWarlock Posted March 17, 2022 Share Posted March 17, 2022 2 minutes ago, WEBBYB808 said: Resilient or manipulated? Not easy to manipulate when the USA is watching. Link to comment Share on other sites More sharing options...
KhunLA Posted March 17, 2022 Share Posted March 17, 2022 1 minute ago, CartagenaWarlock said: Not easy to manipulate when the USA is watching. As long as USA keeps printing valueless $$$, no manipulation needed. 2 Link to comment Share on other sites More sharing options...
CartagenaWarlock Posted March 17, 2022 Share Posted March 17, 2022 17 minutes ago, KhunLA said: As long as USA keeps printing valueless $$$, no manipulation needed. It's not only the USA, most countries are doing so. People have lost fortune in 90s betting against Japanese yen but Japan is still going strong. Link to comment Share on other sites More sharing options...
Adumbration Posted March 17, 2022 Share Posted March 17, 2022 (edited) I bought a substantial amount of ruble. I posted on another thread about it. Most members poked fun at me. I also bought a substantial amount of AUD on the assumption it would rally due to its links to the commodities markets. I started a thread on that topic as well. Everyone trolled me on that thread except for Sparktrader. But it is cricket singing quiet now that I am correct both regarding both the ruble and the AUD. Edited March 17, 2022 by Adumbration 1 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted March 17, 2022 Share Posted March 17, 2022 5 hours ago, KhunLA said: As long as USA keeps printing valueless $$$, no manipulation needed. They’re not doing QE anymore. The US Federal Reserve raised interest rates yesterday for the first time since 2018. With more raises scheduled for every month this year. Next month, they will begin to reduce their security balance sheet. 2 Link to comment Share on other sites More sharing options...
newnative Posted March 18, 2022 Share Posted March 18, 2022 14 hours ago, Isaan sailor said: 33.23 at the moment. That’s down from 33.52 24 hours ago. I rest my case. Perhaps you need glasses. You've got to be kidding. Dropping from 33.52 to 33.23 is 'way down'? Alert me when it hits 28--that would be 'way down' in my book. Meanwhile, I'm quite happy with its stability. It was 32 and change when I arrived 11 years ago. Today it's 33 and change. As another poster mentioned, I'm also happy when it stays above 30--which it mostly has. 1 Link to comment Share on other sites More sharing options...
Popular Post Walker88 Posted March 18, 2022 Popular Post Share Posted March 18, 2022 The sanctions are selective. This movement was caused by a slight relaxation that allowed external russia's FX reserves to be used for a bond payment that came due. A large portion of the reserves are in Western banks, and initially these funds were frozen. That freeze drove the ruble down. When Western govt agreed to allow the external reserves to be used to service russian debt---in payments due to Western institutions---the rubble was suddenly 'backed' again by several hundred billion dollars of hard currency. This morning it's back to about 103 per dollar. Eventually more of these reserves will be eaten up by things like seized aircraft. Leasing companies will file claims, courts will rule in their favor, and the leasing companies will be allowed to take russia's external FX reserves. The same will happen to any assets russia nationalizes that were foreign investments. The foreign investors will be paid from the reserves, and little vladdy will get assets that he has no clue how to utilize of monetize. russia has nowhere to go but down. The world will not soon forget its barbarism and war crimes, and russians are likely to be shunned from decent nations and societies for years. 4 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted March 18, 2022 Popular Post Share Posted March 18, 2022 9 hours ago, KhunLA said: As long as USA keeps printing valueless $$$, no manipulation needed. The world's reserve currency is valueless? I think 'valueless' better applies to your opinion. 1 1 2 Link to comment Share on other sites More sharing options...
KhunLA Posted March 18, 2022 Share Posted March 18, 2022 10 minutes ago, placeholder said: The world's reserve currency is valueless? I think 'valueless' better applies to your opinion. The USA is literally borrowing money, to pay the interest, on the debt they already have. And that's only what they claim ... shh Link to comment Share on other sites More sharing options...
placeholder Posted March 18, 2022 Share Posted March 18, 2022 3 minutes ago, KhunLA said: The USA is literally borrowing money, to pay the interest, on the debt they already have. And that's only what they claim ... shh And this is relevant why? Do you understand what the dollar being the world's reserve currency means? It means, among other things, that it's definitely not valueless. 1 1 Link to comment Share on other sites More sharing options...
KhunLA Posted March 18, 2022 Share Posted March 18, 2022 5 minutes ago, placeholder said: And this is relevant why? Do you understand what the dollar being the world's reserve currency means? It means, among other things, that it's definitely not valueless. And if Central Banking was to 'call' everyone's loans. Bankruptcies of most nations, defaults, and Central Banking would be out of business. Just raise the debt ceiling in countries worldwide. It IS nothing but a scam. Central Banking ... the true puppeteers. Link to comment Share on other sites More sharing options...
placeholder Posted March 18, 2022 Share Posted March 18, 2022 5 minutes ago, KhunLA said: And if Central Banking was to 'call' everyone's loans. Bankruptcies of most nations, defaults, and Central Banking would be out of business. Just raise the debt ceiling in countries worldwide. It IS nothing but a scam. Central Banking ... the true puppeteers. And who exactly is "Central Banking"? And what does it mean for them to call in their loans? Exchange their bonds for cash? 1 Link to comment Share on other sites More sharing options...
KhunLA Posted March 18, 2022 Share Posted March 18, 2022 (edited) 1 hour ago, placeholder said: And who exactly is "Central Banking"? And what does it mean for them to call in their loans? Exchange their bonds for cash? Seriously ... and here I thought you were quite intelligent ... occasionally ???? Half the regime changes were for IMF and all the future debit interest to be made. Google what countries weren't in the Central Banking, and past regime changes, say just the last 20-30-40 yrs. I don't believe in coincidences. Google is your friend. Since asking, would take me way too long to explain it, and as I state, they ARE the puppeteers. Understanding that, Davos, Bilderburg G., Rothschilds and the markets, and you'll realize how much of a scam, everything is. Although once realizing that, you can make a sh!t load of money from your keyboard. Edited March 18, 2022 by KhunLA Link to comment Share on other sites More sharing options...
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