Sparktrader Posted July 6, 2022 Share Posted July 6, 2022 12 minutes ago, Xonax said: The Thai Baht is NOT weak! It is just the US Dollar that is becoming stronger against all other currencies. The reason is, that USA is expected to be able to control the rising inflation better, than most other countries. Thats not the reason. Usd is a bigger currency and interest rates are going up. Link to comment Share on other sites More sharing options...
nauseus Posted July 6, 2022 Share Posted July 6, 2022 Completely different than in 1997. This is mainly to do with the USA and its policies, which have finally resulted in inflation. There is a high demand for dollars at the moment for various reasons but this may reverse soon, if it is shown that the US economy has weakened enough to prompt a bigger sell-off of US government and corporate bonds, and eventually dollars, abroad. Fear and sentiment will also drive the markets, rates and USD up or down. 2 Link to comment Share on other sites More sharing options...
Eric Loh Posted July 6, 2022 Share Posted July 6, 2022 42 minutes ago, Sparktrader said: Usd is a safe currency. Plus higher % rates attracts money. Good time to hold usd. Dollar is overvalue and it's unclear if the currency's strength will hold in the impending recession. Higher interest rate will come with a cost as it will cause a significant drop in economic activity and high unemployment making a recession more likely. Hold the USD at your own peril. 2 Link to comment Share on other sites More sharing options...
Purdey Posted July 6, 2022 Share Posted July 6, 2022 Not pretending to be an economist as I still don't understand why when the Baht was 25 to the buck Thailand was exporting well and there were no complaints like today (that I remember). Tourism was rising. When the Baht sank into the 50s people complained that such a weak currency was no good. I think it badly hurt those with dollar debt but it seemed to be "a bad thing". Then they said hallelujah they would export easier. I wish they would make up their minds now it is weakening again. If there is an economic expert in the forum, explain why a weaker baht is bad for an export-oriented country. 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted July 6, 2022 Share Posted July 6, 2022 1 1 Link to comment Share on other sites More sharing options...
kokesaat Posted July 6, 2022 Share Posted July 6, 2022 I think the worst thing about the collapse in 1997 was that many US expats thought 40/$1 or 40++/$1 was the norm......only to find out that it was more like 30-33/$1. We came here in 1996 and the rate had been 25/$1 for so long that it was the expected norm. We thought 25/$1 was a good enough deal as we married in 1973 when it was 20ish to $1. download.svg 1 1 Link to comment Share on other sites More sharing options...
Popular Post CloseShave Posted July 6, 2022 Popular Post Share Posted July 6, 2022 2 hours ago, KhunLA said: Back to 40 would be nice, as that's where it was when I arrived 2020. I'm not greedy, and don't need the Apr/May 2001's high of ฿45/46 to $1 Can't see that happening, as last 15 yr, TH has kept it between ฿30-35 / $1 Think you have a typo when you said: "Back to 40 would be nice, as that's where it was when I arrived 2020." Nowhere near 40 baht to the US dollar in 2020 ???? 1 2 Link to comment Share on other sites More sharing options...
garyk Posted July 6, 2022 Share Posted July 6, 2022 (edited) All I know is I exploit it when this happens , really all over the world now the dollar is strong. Enjoy it while you can. Just finalized my plans to travel to Asia this month. Good time for me. Edited July 6, 2022 by garyk 1 Link to comment Share on other sites More sharing options...
itsari Posted July 6, 2022 Share Posted July 6, 2022 48 minutes ago, Xonax said: The Thai Baht is NOT weak! It is just the US Dollar that is becoming stronger against all other currencies. The reason is, that USA is expected to be able to control the rising inflation better, than most other countries. US dollar being bought from fear on the markets as well as the increase in interest rates Link to comment Share on other sites More sharing options...
Popular Post sanuk711 Posted July 6, 2022 Popular Post Share Posted July 6, 2022 6 hours ago, webfact said: On July 1, at some point during the day, the baht fell to 35.66 to the dollar, its weakest in five years. It closed at 35.63 at the end of the trading session on the first day of this month, according to Kasikorn Research Center. Such a misleading post--- I wonder if done privately --would the mods have taken it away. Just--pick a country and replace the headline with it... Australian $$..... crashing down from 75 in April to 67 now..... ....remember the 1990s crash British Pound down nearly 16 pence from start of year........... Soup kitchens on the way The Euro on the brink of going under one Euro to a $us.............. The Yen hasn't risen against the $us in nearly 2 years There isn't a major currency that is on par--let alone go up against the $us Yet ASEAN lets them keep on repeating this scare mongering.---and prints it. 4 Link to comment Share on other sites More sharing options...
KhunLA Posted July 6, 2022 Share Posted July 6, 2022 8 minutes ago, CloseShave said: Think you have a typo when you said: "Back to 40 would be nice, as that's where it was when I arrived 2020." Nowhere near 40 baht to the US dollar in 2020 ???? oops ... 2000 looks a bit better ???? 2 Link to comment Share on other sites More sharing options...
garyk Posted July 6, 2022 Share Posted July 6, 2022 5 minutes ago, sanuk711 said: Such a misleading post--- I wonder if done privately --would the mods have taken it away. Just--pick a country and replace the headline with it... Australian $$..... crashing down from 75 in April to 67 now..... ....remember the 1990s crash British Pound down nearly 16 pence from start of year........... Soup kitchens on the way The Euro on the brink of going under one Euro to a $us.............. The Yen hasn't risen against the $us in nearly 2 years There isn't a major currency that is on par--let alone go up against the $us Yet ASEAN lets them keep on repeating this scare mongering.---and prints it. This is Aseannow man, it is either party hats or the world is coming to an end... haha 1 Link to comment Share on other sites More sharing options...
goatfarmer Posted July 6, 2022 Share Posted July 6, 2022 7 hours ago, Henryford said: Is the baht sliding or the dollar rising? It seems fine against most other currencies. Dollar index highest in 20 years. 1 Link to comment Share on other sites More sharing options...
stix40 Posted July 6, 2022 Share Posted July 6, 2022 (edited) Tallymoney app very good easy way to spend gold .much more stable than fiat currency. https://www.tallymoney.com Edited July 6, 2022 by stix40 Link to comment Share on other sites More sharing options...
Thunglom Posted July 6, 2022 Share Posted July 6, 2022 Against the UK pound- in the 1990s the baht went to nearly 100 baht At the beginning of the 21st century is was in the high 70s the current rates are nowhere near that. for Thailand to recover form Covid it needs foreign key in the form of selling exports what does Thailand sell? Tourism electronics and motor vehicles - the cheaper the baht, the better for recovery. aS one of the worlds top exporters of rice they will do very well. 1 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 6, 2022 Share Posted July 6, 2022 1 hour ago, KhunLA said: If the baht does get near or beyond 40, I think that would be a sure sign, Thailand has lost control of it economy. Maybe they've dwindled away that huge USD reserve already. From the linked article:The latest figures point to the central bank intervening in the market as international reserves have gone down to $229.9 billion in May from $245.9 billion in December 2021. 1 Link to comment Share on other sites More sharing options...
kevin612 Posted July 6, 2022 Share Posted July 6, 2022 Young folks, It is a good time to purchase elite visa Link to comment Share on other sites More sharing options...
Burma Bill Posted July 6, 2022 Share Posted July 6, 2022 7 hours ago, jacko45k said: It's dollar strength in the main...... Appears to be so. I was getting 1.34 US$ for 1 GBP. Currently it is 1.19 US$ for 1 GBP. My 3 recent UK monthly pensions are down in total by 61 US$ (51 GBP) just on the exchange rate!! Link to comment Share on other sites More sharing options...
Burma Bill Posted July 6, 2022 Share Posted July 6, 2022 a grim reminder I beg to differ - the best exchange I got was 89 baht for 1 GBP - happy days!! For a short period I was a "baht millionaire". Link to comment Share on other sites More sharing options...
Aussieroaming Posted July 6, 2022 Share Posted July 6, 2022 Time for me to get another $ USD contract then, to make up for the money I lost transferring from $USD to baht on the last contract. Luckily I held back 200K to see what the exchange rate did. Link to comment Share on other sites More sharing options...
San Fran Dan Posted July 6, 2022 Share Posted July 6, 2022 (edited) 36.10 as we Text Lovin it and Ganja too, is this the Rich Tourist they were talking about lol Edited July 6, 2022 by San Fran Dan Link to comment Share on other sites More sharing options...
Srikcir Posted July 6, 2022 Share Posted July 6, 2022 July 1, about 57 rubles to US$1. Makes Thailand look like an economic powerhouse. 1 Link to comment Share on other sites More sharing options...
sanuk711 Posted July 6, 2022 Share Posted July 6, 2022 Wow look at the financial headline in to-days mail....UK...its a wonder that WebbFact missed it all. Oh yer of course according to them- the Bahts the only one in trouble. The Euro a 20 year low...and not a mention from Webb "Fact" Sterling and euro crash as dollar soars:... On another day of turmoil, sterling fell to a two-year low against the greenback, dropping below $1.19 for the first time since the early days of the Covid-19 pandemic. At the same time, the euro crashed to a 20-year low around €1.02 as it headed towards parity with the US currency. https://www.dailymail.co.uk/money/markets/article-10985493/Sterling-euro-crash-dollar-soars.html 1 Link to comment Share on other sites More sharing options...
San Fran Dan Posted July 6, 2022 Share Posted July 6, 2022 3 hours ago, vandeventer said: Hard to understand, weaker Thai baht ,prices going up everywhere and the price of Gold falling down. You would think the USD would be taking a nose dive with all the debt they have. Look at Financial Collape in China 1 Link to comment Share on other sites More sharing options...
Popular Post San Fran Dan Posted July 6, 2022 Popular Post Share Posted July 6, 2022 1 hour ago, nauseus said: Completely different than in 1997. This is mainly to do with the USA and its policies, which have finally resulted in inflation. There is a high demand for dollars at the moment for various reasons but this may reverse soon, if it is shown that the US economy has weakened enough to prompt a bigger sell-off of US government and corporate bonds, and eventually dollars, abroad. Fear and sentiment will also drive the markets, rates and USD up or down. USA will out surpass China this year in GDP 2 1 Link to comment Share on other sites More sharing options...
earlinclaifornia Posted July 6, 2022 Share Posted July 6, 2022 (edited) Baht is now at exchange rate pre Trump inauguration. Same as when my arrival date. Yesterday my Thai GF said she heard on the news the bath is heading for a one to one baht to dollar. !!! Edited July 6, 2022 by earlinclaifornia 2 Link to comment Share on other sites More sharing options...
digger70 Posted July 6, 2022 Share Posted July 6, 2022 The THB sliding? That will be only be against the $US The THB is still strong against the $AUS and the British Pound . No slide against the rest of the world so No crisis ,only Talk. Link to comment Share on other sites More sharing options...
PB172111 Posted July 6, 2022 Share Posted July 6, 2022 5 hours ago, starky said: Yeah but the aud is a junk currency ???????????? The higher US interest rates go, relative to Australian interest rates, the more demand there is for US dollars, and the less demand for Australian dollars and the value of our currency falls. The Aussie dollar is also negatively affected by poor market sentiment, or pessimism about the global economy. And this is being made worse by the prospect of rising global interest rates. The AUD is essentially a commodity currency. It is not grossly affected by the USD. Same as 2008 when the states screwed the world market, Australia wasn’t greatly affected. do your homework before you post my friend! Link to comment Share on other sites More sharing options...
StayinThailand2much Posted July 6, 2022 Share Posted July 6, 2022 (edited) 3 hours ago, talahtnut said: (...) Stock up on Russian Rubles Well, looks like the ruble is rising too. Wonder why? (Rhetorical question.) Seems, the more the West boycotts Russian oil, gas, gold, etc., the better Russia is doing. (Well, except for the moldy buns at the Russian McDonald's successor, of course...) Edited July 6, 2022 by StayinThailand2much Link to comment Share on other sites More sharing options...
Sparktrader Posted July 6, 2022 Share Posted July 6, 2022 1 hour ago, earlinclaifornia said: Baht is now at exchange rate pre Trump inauguration. Same as when my arrival date. Yesterday my Thai GF said she heard on the news the bath is heading for a one to one baht to dollar. !!! Good news source. Maybe it was turkish baths. 1 Link to comment Share on other sites More sharing options...
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