webfact Posted June 13, 2022 Share Posted June 13, 2022 by Paul Rujopakarn BANGKOK (NNT) - The weaker baht has been allowing Thailand to export more goods even as industries that rely on imports are being negatively impacted. As of Monday (June 13th), the Thai baht traded at 34.81 against the US dollar. Industry Minister Suriya Juangroongruangkit made the announcement, citing information from the Office of Industrial Economics (OIE). The minister noted that businesses which rely heavily on imports will especially feel the impact of the weakened Thai baht. He also suggested that operators exercise caution when dealing with exchange rates, adding that they should carefully manage their resources. Macroeconomic models indicate that a further baht depreciation of 5% will actually increase Thai Real GDP (RGDP) by 0.4%, and bump industrial sector RGDP by 0.35%. It will also help expand the export and import sectors by 2.14% and 1.94%, respectively. Private consumption and investment are meanwhile projected to increase by 0.21% and 0.31%, respectively, with the 5% depreciation also expected to cause inflation to rise by 0.57%. -- © Copyright NNT 2022-06-13 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Easiest way to own or rent a car in Thailand - click here to find out more! Link to comment Share on other sites More sharing options...
ezzra Posted June 13, 2022 Share Posted June 13, 2022 I'd say the baht had depreciated greatly now having to fork out 3-4 large bills just to take out one them lovelies back home with you.. Aha, i ;olg for the good ol' days when the baht went much further... 1 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 13, 2022 Share Posted June 13, 2022 Good for importing cash to Thailand via transfer into my account from the US. Just wired in another 6 months worth, should probably double down. The issue is the cruddy interest rates here.... 2 Link to comment Share on other sites More sharing options...
Berkshire Posted June 13, 2022 Share Posted June 13, 2022 9 minutes ago, webfact said: Macroeconomic models indicate that a further baht depreciation of 5% will actually increase Thai Real GDP (RGDP) by 0.4%, and bump industrial sector RGDP by 0.35%. It will also help expand the export and import sectors by 2.14% and 1.94%, respectively. Exactly. The weak baht will also help the ailing tourism industry. More inflation? That seems to be a worldwide phenomenon. Hoping to see more downside with the THB. 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 13, 2022 Share Posted June 13, 2022 1 minute ago, ezzra said: I'd say the baht had depreciated greatly now having to fork out 3-4 large bills just to take out one them lovelies back home with you.. Aha, i ;olg for the good ol' days when the baht went much further... Wow, once upon a time many moons ago when a purple was the top dog, that would get you a friend for a night, but then maybe more if you took her a traveling and then upon kicking her to the curb handed her a few maybe 4 of those purples after paying for everything else. The mamasan was also happy with getting 2 or 3 of the brown notes.... 1 Link to comment Share on other sites More sharing options...
DaLa Posted June 13, 2022 Share Posted June 13, 2022 Do Thai companies only export in US$ ? I Import from the UK......Baht/£ August 2021 46.41 Baht /£ Today (13th June 2022) 42.74. 8% increase in a year. Offset against my pensions unfortunately. 2 Link to comment Share on other sites More sharing options...
ChaiyaTH Posted June 13, 2022 Share Posted June 13, 2022 (edited) O please, it went up and down in the same range like so many times already. It is not worth to even mention unless the EUR THB hits 41+ (and similar for all other pairs and what they used to have). I'm not buying it until I see that rate for a month stable. Edited June 13, 2022 by ChaiyaTH 1 Link to comment Share on other sites More sharing options...
dinsdale Posted June 13, 2022 Share Posted June 13, 2022 Aussie $ heads south against 'weakening' Thai Bt. 1 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted June 13, 2022 Popular Post Share Posted June 13, 2022 4 hours ago, webfact said: The weaker baht has been allowing Thailand to export more goods Well that ain't rocket science. 2 1 1 Link to comment Share on other sites More sharing options...
Harveyboy Posted June 13, 2022 Share Posted June 13, 2022 48 minutes ago, hotchilli said: Well that ain't rocket science. am i missing something...What weak Baht...look at euro baht..sad very sad Link to comment Share on other sites More sharing options...
hotchilli Posted June 13, 2022 Share Posted June 13, 2022 12 minutes ago, Harveyboy said: am i missing something...What weak Baht...look at euro baht..sad very sad Possibly weak Baht in Thailands eyes. 2 Link to comment Share on other sites More sharing options...
hotchilli Posted June 13, 2022 Share Posted June 13, 2022 4 hours ago, ChaiyaTH said: O please, it went up and down in the same range like so many times already. It is not worth to even mention unless the EUR THB hits 41+ (and similar for all other pairs and what they used to have). I'm not buying it until I see that rate for a month stable. As you say, the Thai baht fluctuates in fractions of Baht.. over the last 3 years it has largely stayed the same... Amazing Thailand. 1 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 13, 2022 Share Posted June 13, 2022 Sink, baby, sink. 1 Link to comment Share on other sites More sharing options...
mikeymike100 Posted June 13, 2022 Share Posted June 13, 2022 6 hours ago, ezzra said: I'd say the baht had depreciated greatly now having to fork out 3-4 large bills just to take out one them lovelies back home with you.. Aha, i ;olg for the good ol' days when the baht went much further... Maybe your being overcharged? LOL 1 1 Link to comment Share on other sites More sharing options...
jacko45k Posted June 15, 2022 Share Posted June 15, 2022 On 6/13/2022 at 2:50 PM, hotchilli said: Well that ain't rocket science. Cheaper durian for the China market? Link to comment Share on other sites More sharing options...
bert bloggs Posted June 15, 2022 Share Posted June 15, 2022 Well its getting stronger against the pound daily. Link to comment Share on other sites More sharing options...
CrunchWrapSupreme Posted June 15, 2022 Share Posted June 15, 2022 I just got 35 baht to the buck this morning. 6500 for under $190. Not bad for what I thought was a slow week of online teaching. 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 15, 2022 Share Posted June 15, 2022 7 minutes ago, CrunchWrapSupreme said: I just got 35 baht to the buck this morning. 6500 for under $190. Not bad for what I thought was a slow week of online teaching. On the rise 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 15, 2022 Share Posted June 15, 2022 Baht down 2% on USD over two weeks. US stocks down 10% over two weeks. These are the best of times. These are the worst of times. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted June 15, 2022 Share Posted June 15, 2022 3 hours ago, jacko45k said: Cheaper durian for the China market? The Chinese buyers inside Thailand seem to have the price under control prior to export. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted June 15, 2022 Share Posted June 15, 2022 18 hours ago, hotchilli said: The Chinese buyers inside Thailand seem to have the price under control prior to export. My Mrs just gifted me one which is a good size, it would have been impolite to ask how much it was. My 3rd this season.. I am doing well. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 15, 2022 Share Posted June 15, 2022 Hello and goodbye to 35 on the USD. Baht bounced right back up to 34.81 today. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted June 16, 2022 Share Posted June 16, 2022 1 hour ago, Isaan sailor said: Hello and goodbye to 35 on the USD. Baht bounced right back up to 34.81 today. Did the USA not just bump up interest rates yesterday....... I am expecting 35 to become 'consolidated'....... 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 16, 2022 Share Posted June 16, 2022 (edited) 26 minutes ago, jacko45k said: Did the USA not just bump up interest rates yesterday....... I am expecting 35 to become 'consolidated'....... It never makes any sense as to how the baht claws it's way back down .....manipulation possibly.... Edited June 16, 2022 by ThailandRyan 2 Link to comment Share on other sites More sharing options...
jacko45k Posted June 16, 2022 Share Posted June 16, 2022 1 hour ago, ThailandRyan said: It never makes any sense as to how the baht claws it's way back down .....manipulation possibly.... Take a look now... a smidgin under 35. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted June 16, 2022 Share Posted June 16, 2022 5 hours ago, jacko45k said: My Mrs just gifted me one which is a good size, it would have been impolite to ask how much it was. My 3rd this season.. I am doing well. My missus knows better than to gift me a durian. 2 Link to comment Share on other sites More sharing options...
Eloquent pilgrim Posted June 16, 2022 Share Posted June 16, 2022 Certainly not been depreciating against the pound sterling; last October I got just over 45 to the pound bringing out a lump for my visa extension. I can't visualise getting near that over the next few months or so. 1 Link to comment Share on other sites More sharing options...
Mavideol Posted June 16, 2022 Share Posted June 16, 2022 5 hours ago, Isaan sailor said: Hello and goodbye to 35 on the USD. Baht bounced right back up to 34.81 today. week end tendency..... it will keep diving 555 1 Link to comment Share on other sites More sharing options...
jacko45k Posted June 16, 2022 Share Posted June 16, 2022 2 hours ago, hotchilli said: My missus knows better than to gift me a durian. Well it is some effort for mine as she hates them and the smell, so it is a great compliment! My return favour is to catch the odd snake in the garden, which she is terrified of! 1 Link to comment Share on other sites More sharing options...
placeholder Posted June 16, 2022 Share Posted June 16, 2022 On 6/13/2022 at 3:55 PM, hotchilli said: As you say, the Thai baht fluctuates in fractions of Baht.. over the last 3 years it has largely stayed the same... Amazing Thailand. Really? https://www.xe.com/currencycharts/?from=USD&to=THB&view=5Y 1 Link to comment Share on other sites More sharing options...
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