placeholder Posted April 27, 2022 Share Posted April 27, 2022 11 hours ago, Eric Loh said: US dollar is sucking up all the air in capital flows attracted by the prospect of US rate hikes and the safe-haven sanctuary fanned by impending slow growth in China and Europe. All currencies bow to the mighty dollar but for how long. Big rate hikes and inflation will deflate US domestic spending and will lead to unemployment and recession. When the situation improve in China and Europe, US dollar will reverse course. Baht will recover with the impertus from trade surplus in March and the better tourist in-flows post May. Those who wish to take advantage of the weak Baht for exchange purposes need to time yourself to reap the best reward. Let's not get overconfident about the situation in China. It has badly mishandled the real estate situation. And its mismanagement via lockdowns of the covid pandemic is now turning dire. All part of Xi's increasing heavy-handedness in dealing with the economy. 1 Link to comment Share on other sites More sharing options...
bangkokbonecollector Posted April 27, 2022 Share Posted April 27, 2022 52 minutes ago, placeholder said: Excellent point. Compared to a month ago, the baht is actually up against the Euro, the Yuan, and the Yen. and the pound in the last few days, dropped about 1 baht. 1 Link to comment Share on other sites More sharing options...
Popular Post MyFriend You Posted April 27, 2022 Popular Post Share Posted April 27, 2022 13 hours ago, bbko said: Time to transfer a chunk of my USDs to my Thai bank. Thank you president Biden ???? Agree totally with first sentence You totally lost me on the second sentence, unless I missed the 'tongue in cheek' I can't for the life of me figure out what current President Biden has to do with it, he has failed in everything he has attempted, 'cept maybe doing business with China. 2 1 1 2 Link to comment Share on other sites More sharing options...
bkk6060 Posted April 27, 2022 Share Posted April 27, 2022 (edited) Not many talk about inflation here as there is very little now. But, it is coming especially since the government just announced they will no longer be supplementing the higher fuel prices. I would keep an eye on the exchange and make larger transfers when it appears to be peaking. Edited April 27, 2022 by bkk6060 2 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 27, 2022 Share Posted April 27, 2022 12 hours ago, Sparktrader said: Next 6 months rate rises Housing tumble 10 to 15% US a real mess, Americans can onlt blame themselves Or blame someone in DC… 1 Link to comment Share on other sites More sharing options...
Popular Post Mac Mickmanus Posted April 27, 2022 Popular Post Share Posted April 27, 2022 1 hour ago, TunnelRat69 said: Agree totally with first sentence You totally lost me on the second sentence, unless I missed the 'tongue in cheek' I can't for the life of me figure out what current President Biden has to do with it, he has failed in everything he has attempted, 'cept maybe doing business with China. Its completely Donald Trumps fault though . Had Donald won the last election , Biden wouldnt be POTUS 5 Link to comment Share on other sites More sharing options...
jacko45k Posted April 28, 2022 Share Posted April 28, 2022 9 hours ago, Skeptic7 said: It's down against USD...the measuring stick...but your point is well taken. USD is strengthening and up against most other currencies. Exactly... we are looking at dollar strength here. That is the currency the baht tries to keep within a range with. It is significant that it is outside that range 2 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 28, 2022 Share Posted April 28, 2022 35 minutes ago, jacko45k said: Exactly... we are looking at dollar strength here. That is the currency the baht tries to keep within a range with. It is significant that it is outside that range A stronger Dollar is a gift to exporters. I hope they can take advantage of this, and help the economy. Link to comment Share on other sites More sharing options...
jacko45k Posted April 28, 2022 Share Posted April 28, 2022 1 minute ago, Isaan sailor said: A stronger Dollar is a gift to exporters. I hope they can take advantage of this, and help the economy. There is certainly been talk of that lately, with fruit exports to China, labour exports to KSA... but we have fuel imports on the other side of the coin. 2 Link to comment Share on other sites More sharing options...
metisdead Posted April 28, 2022 Share Posted April 28, 2022 An off topic post has been removed. Link to comment Share on other sites More sharing options...
Mike Teavee Posted April 28, 2022 Share Posted April 28, 2022 (edited) Yep, THB is at a 5 year low against the SGD$ so I closed out my Citibank Singapore account & got 60,000 THB more than I had in my budget spreadsheet… Oh wait, we’re we talking about USD$ ???? Edited April 28, 2022 by Mike Teavee 1 Link to comment Share on other sites More sharing options...
In Full Agreement Posted April 28, 2022 Share Posted April 28, 2022 On 4/26/2022 at 11:49 PM, Mac Mickmanus said: I previous was told by some people on here that the S&P always rises and you are guaranteed a 6% return on investments there I recommend you look for a new advisor. 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted April 28, 2022 Share Posted April 28, 2022 13 hours ago, Mac Mickmanus said: Yes, but I was just pointing out that the S&P 500 isn't a guaranteed 6% interest investment return , as some people on this forum previously claimed . Buy direct shares for DIVIDENDS. BHP 8%. Link to comment Share on other sites More sharing options...
Banana7 Posted April 28, 2022 Share Posted April 28, 2022 This morning 28 April, cash rate, in BKK is 34.36 baht = USD$1. 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted April 28, 2022 Share Posted April 28, 2022 4 minutes ago, In Full Agreement said: I recommend you look for a new advisor. Dont need one. Google high yielding stocks. Pick 2 or 3 shares. Hold for 10 years. Not rocket science 1 Link to comment Share on other sites More sharing options...
Mavideol Posted April 28, 2022 Share Posted April 28, 2022 11 hours ago, placeholder said: Let's not get overconfident about the situation in China. It has badly mishandled the real estate situation. And its mismanagement via lockdowns of the covid pandemic is now turning dire. All part of Xi's increasing heavy-handedness in dealing with the economy. China never dealt well with crisis, reminds me of Mao's 1958 sparrow's war 555 1 Link to comment Share on other sites More sharing options...
Boomer6969 Posted April 28, 2022 Share Posted April 28, 2022 On 4/26/2022 at 4:37 PM, earlinclaifornia said: I just transferred my $1400 stimulus 33.99 To me that looks like an expensive sex toy. 1 Link to comment Share on other sites More sharing options...
KanchanaburiGuy Posted April 28, 2022 Share Posted April 28, 2022 (edited) 14 minutes ago, Boomer6969 said: To me that looks like an expensive sex toy. Gee, a "sex toy" that expensive ought to be able to do all the work itself...........and not need a person there, at all! *wink* Edited April 28, 2022 by KanchanaburiGuy Link to comment Share on other sites More sharing options...
Metapod Posted April 28, 2022 Share Posted April 28, 2022 Would love for it to get back to 35 and hold. 35 was always. Sweet spot for me. It makes calculations in my head easy to do ???? 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted April 28, 2022 Share Posted April 28, 2022 49 minutes ago, Mavideol said: China never dealt well with crisis, reminds me of Mao's 1958 sparrow's war 555 Deng not Mao for economic issues. Link to comment Share on other sites More sharing options...
placeholder Posted April 28, 2022 Share Posted April 28, 2022 2 hours ago, Eric Loh said: Deng not Mao for economic issues. Unfortunately for China, it's now Xi not Deng for economic and other issues. 1 Link to comment Share on other sites More sharing options...
konaboy Posted April 28, 2022 Share Posted April 28, 2022 could be the interest rate increase by the Fed. Baht has to rise to attract dollars? 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 29, 2022 Share Posted April 29, 2022 Baht comes roaring back today—up almost a full percent on the USD. Other westerns go down in sympathy . All hail the mighty Baht… 1 2 Link to comment Share on other sites More sharing options...
Sparktrader Posted April 29, 2022 Share Posted April 29, 2022 33 minutes ago, Isaan sailor said: Baht comes roaring back today—up almost a full percent on the USD. Other westerns go down in sympathy . All hail the mighty Baht… Fluke 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted April 29, 2022 Share Posted April 29, 2022 40 minutes ago, Isaan sailor said: Baht comes roaring back today—up almost a full percent on the USD. Other westerns go down in sympathy . All hail the mighty Baht… US yield curve is flattering, gold price rebound, emerging markets expecting rates increase and their stocks have been positive for last 2-3 days. Perhaps signs that USD strength has plateau and stage of reversing. Thailand has a current account surplus in March and may have contributed to Baht sentiment. 1 Link to comment Share on other sites More sharing options...
Iamfalang Posted April 29, 2022 Share Posted April 29, 2022 WWIII…….USD to be the only currency. 19,000 to 1 baht bitcoin to 1 million everything is speculation. Only I know, which means you don’t. Lol 1 Link to comment Share on other sites More sharing options...
ukrules Posted April 29, 2022 Share Posted April 29, 2022 On 4/27/2022 at 11:21 AM, sanuk711 said: So before Is the Baht actually down ? or is that the $US is stronger Of course it's not, the USD is rallying at the moment, hence the change. Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted April 29, 2022 Popular Post Share Posted April 29, 2022 49 minutes ago, Eric Loh said: US yield curve is flattering, gold price rebound, emerging markets expecting rates increase and their stocks have been positive for last 2-3 days. Perhaps signs that USD strength has plateau and stage of reversing. Thailand has a current account surplus in March and may have contributed to Baht sentiment. Thanks for your thoughts and information. Nevertheless, it feels quite disturbing and suspicious when the USD nosedives on a Friday afternoon. 2 1 1 Link to comment Share on other sites More sharing options...
Mavideol Posted April 29, 2022 Share Posted April 29, 2022 46 minutes ago, Isaan sailor said: Thanks for your thoughts and information. Nevertheless, it feels quite disturbing and suspicious when the USD nosedives on a Friday afternoon. Politics...... maybe they need to put a down payment for the F35's ..... 555 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 29, 2022 Share Posted April 29, 2022 39 minutes ago, Mavideol said: Politics...... maybe they need to put a down payment for the F35's ..... 555 Pretty good guess. Look at USD to Vietnam Dong today—Dollar rose up. USD to Philippians Peso today—flat, or a slight rise. In Southeast Asia, only Thailand’s currency rose dramatically today—very suspicious. 1 Link to comment Share on other sites More sharing options...
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