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Thai Baht heads to near 37 Baht/US$, as BoT defends its use of $19 billion in defending the currency

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GBP is likely to reach 1:1 with USD before spring time. This year is really full of interesting trends.

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  • I'll give you one: business. I was continually asked to write 15-20 letters of recommendation at the end of every trimester to third rate graduate business schools. Amazingly, none of the students was

  • spidermike007
    spidermike007

    Considering how well many economies around the world have bounced back after covid, Thailand gets a failing grade in that regard. The level of mismanagement is astounding. Get rid of the dinosaurs, an

  • ThailandRyan
    ThailandRyan

    They were propping up the Baht by exchanging USD for THB to assist in keeping the THB stifled, but it has not truly been working. One wonders where the USD to Thb would be if they had not played the s

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On 9/16/2022 at 9:21 AM, Onerak said:

Still waiting for the days when 40 BHT will be one USD as It was when I had to flee my nomadic living in Europe to Thailand.

 

You've had a long wait..    ????

They have been manipulating the baht for years but very soon it’s all going to go belly up and the sooner it happens the better 

On 9/16/2022 at 1:36 PM, KhunLA said:

I drew this up yesterday, out of curiosity.  In case anyone interested how it performed the past 22 yrs, and what USA administration was in at the time.  My conclusion ... I hope Biden runs & wins in 2024 ????

 

assholes.jpg

High interest rates ie high inflation boosts dollar. Actually bad long term.

1 hour ago, crazykopite said:

They have been manipulating the baht for years but very soon it’s all going to go belly up and the sooner it happens the better 

Yup, the US has accused Thailand a few times of manipulating the Thai baht........to keep it artificial weak

5 minutes ago, peterfranks said:

Yup, the US has accused Thailand a few times of manipulating the Thai baht........to keep it artificial weak

Shows you how much they know about it 

19 hours ago, spidermike007 said:

New bikes are very popular here, due to most people not being able to afford a car. 

It is still about 100,000 baht for a PCX and much cheaper Waves are not as popular as they used to be. 

  • 2 weeks later...

40 to USD soon?

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