Thai Baht (THB) - Depreciation ahead ?

[Sparktrader]

2 hours ago, Mavideol said:

it should but unfortunately it's not happening

 

[Sparktrader]

Looks like usd running out of steam

 

[Chivas]

On 6/3/2022 at 11:48 AM, salavan said:

And the pound down down over the last 15 years 

....and the reason for a large part of that difference is down to Sterling/Dollar as I mentioned earlier

 

Start of 2005

$1.87

 

Today

$1.25

 

(Sterling/Dollar) x (Dollar/Baht) is the number crunch for Sterling/Baht

 

Movement in either pairing effects the bottom line and in the case of the first pairing further words are superfluous

[Sparktrader]

Oz Rba expected to lift rates tues

[Sparktrader]

[Sparktrader]

25.95 target

[timendres]

On 6/4/2022 at 7:35 PM, Sparktrader said:

Looks like usd running out of steam

 

I suspect that the USD (as defined by the DXY index) is only pausing before it continues upward.

The world is awash in USD denominated debt, and the Fed is tightening the money supply.

Until the Fed reverses course, the dollar will continue to move higher.

Especially relative to the EUR, GBP, and JPY. Relative to the THB is less clear.

 

3 minutes ago, Sparktrader said:

25.95 target

That target (I assume you mean USD/THB), while possible, will not be happening anytime soon.

I believe 36 baht to the dollar will happen first.

[Sparktrader]

1 minute ago, timendres said:

I suspect that the USD (as defined by the DXY index) is only pausing before it continues upward.

The world is awash in USD denominated debt, and the Fed is tightening the money supply.

Until the Fed reverses course, the dollar will continue to move higher.

Especially relative to the EUR, GBP, and JPY. Relative to the THB is less clear.

 

That target (I assume you mean USD/THB), while possible, will not be happening anytime soon.

I believe 36 baht to the dollar will happen first.

Aud

[Sparktrader]

2 minutes ago, timendres said:

I suspect that the USD (as defined by the DXY index) is only pausing before it continues upward.

The world is awash in USD denominated debt, and the Fed is tightening the money supply.

Until the Fed reverses course, the dollar will continue to move higher.

Especially relative to the EUR, GBP, and JPY. Relative to the THB is less clear.

 

That target (I assume you mean USD/THB), while possible, will not be happening anytime soon.

I believe 36 baht to the dollar will happen first.

Aud

 

Rba exp to raise rates 0.4% on tues

[Sparktrader]

Good for holiday!!!!@

I need one

<deleted> 3 yrs

[Sparktrader]

[Sparktrader]

35.6 target usd

[timendres]

5 minutes ago, Sparktrader said:

Aud

Rba exp to raise rates 0.4% on tues

Right. The Aussie is showing strength against the Baht, and I would expect that will continue.

Once China gets back on its feet, which may be a while yet, it should do even better.

[Sparktrader]

Iron ore and nickel tipped to rise. Maybe 28 baht next 12 months

[dj230]

My investment sources have been forcasting usd to roll over soon, not sure about Thai baht 

 

but long term they also forcasting usd to go up should a global recession occur. 

[ericthai]

On 6/1/2022 at 9:03 PM, crazykopite said:

When I arrived in Thailand in 2005 the Thai baht to the £ was 74 I felt like a millionaire today it’s 43 I feel like a pauper I’ve always believed that the baht is manipulated and nothing will change my mind 

When I first came to Thailand (early 90's) THB to USD was 25, so I'm still happy it's not that low anymore.

97/98 was the best years with a high of 52 THB to the USD, unfortunately I doubt we will ever see those rates again. 

 

 

[Chivas]

13 hours ago, Sparktrader said:

25.95 target

Dont give up the day job.......it hasnt been at that low level since the peg was removed in 1997 at 25

[Sparktrader]

Just now, Chivas said:

Dont give up the day job.......it hasnt been at that low level since the peg was removed in 1997 at 25

It was 19 before.

[Sparktrader]

[Sparktrader]

18.2 in 2020

[Henryford]

13 hours ago, dj230 said:

My investment sources have been forcasting usd to roll over soon, not sure about Thai baht 

 

but long term they also forcasting usd to go up should a global recession occur. 

Sounds like a really reliable source, it could go up or down !!

[ianguygil]

Trade-weighted effective exchange rate index - Wikipedia

[Baron Samedi]

THB still depreciating.

1EUR = 37THB ????

Good times ahead ????

 

 

Not as good as Laos though... ????

 

 

Covid crisis over. USD back to normal.

SE Asia is gonna get a boost from those rates.

Many tourists incoming if we stay on that trajectory.

I'm so pumped right now ????

Edited June 8, 2022 by Baron Samedi

[Sparktrader]

Rba rates up 0.5%

[Excel]

16 hours ago, Baron Samedi said:

THB still depreciating.

1EUR = 37THB ????

Good times ahead ????

 

 

Not as good as Laos though... ????

 

 

Covid crisis over. USD back to normal.

SE Asia is gonna get a boost from those rates.

Many tourists incoming if we stay on that trajectory.

I'm so pumped right now ????

Not so sure 1 GBP = still only at 43.15 THB on XE.com

[Baron Samedi]

1 hour ago, Excel said:

Not so sure 1 GBP = still only at 43.15 THB on XE.com

Indeed. That's odd... ????

Consequence of Brexit? I dunno...

[Excel]

2 minutes ago, Baron Samedi said:

Indeed. That's odd... ????

Consequence of Brexit? I dunno...

A lot of it is due to Brexit and the money markets lack of confidence in the British economy.

[Padthaigoong]

I saw a report on Bloomberg earlier today that said analysts believe the BOT will begin hiking rates in August this year and expect them to rise to around 2% by this time next year.

[fusion58]

I’m lovin’ it! ????

[Baron Samedi]

1 euro = 37.14THB - Pretty stable since my last report.

We'll see where it goes from there.

Fingers crossed ????