Thai Baht continues to weaken below 37.60 Baht/US$ as market awaits outcome of MPC to raise rates

[webfact]

 

By Narudon Daisachulshu

The Thai Baht continued its dip as the new week starts and Kasikorn Research Center has come out to say that it expects the Thai currency to slide to as low as 37.80 Baht to the US$ during the course of this week.

 

Thai Baht, which on Friday broke through the 37.50 Baht to the greenback was trading at 16-year low of 37.63 this morning, the last time it was trading at this level as in early September 2006.

 

Kasikorn Bank came out to say that it expects that during this week Thai Baht would trade around 37.00-37.80 Baht per dollar.

 

Full story: https://www.thaienquirer.com/44578/thai-baht-continues-to-weaken-below-37-60-baht-us-as-market-awaits-outcome-of-mpc-to-raise-rates/

 

-- © Copyright Thai Enquirer 2022-09-26

 

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[ThailandRyan]

37.76 to $1 as of right now

[Dmaxdan]

I wish it would weaken against the British pound....????

[Skeptic7]

4 hours ago, Dmaxdan said:

I wish it would weaken against the British pound....????

"Meanwhile, the British pound is in headlong retreat against all major currencies including the Thai baht."  Full article below. 

 

https://www.pattayamail.com/latestnews/news/thai-baht-caught-in-international-currency-crosshairs-411426

[RichardColeman]

The dollar is being weaponized to make other countries fail, plain and simple.

[KhunBENQ]

38 minutes ago, Skeptic7 said:

"Meanwhile, the British pound is in headlong retreat against all major currencies including the Thai baht."  Full article below. 

 

https://www.pattayamail.com/latestnews/news/thai-baht-caught-in-international-currency-crosshairs-411426

It shortly dipped below 40 this morning, now at 40.4.

[Harveyboy]

40 minutes ago, Skeptic7 said:

"Meanwhile, the British pound is in headlong retreat against all major currencies including the Thai baht."  Full article below. 

 

https://www.pattayamail.com/latestnews/news/thai-baht-caught-in-international-currency-crosshairs-411426

as if our Uk pensions aren't cr#p enough without this ..a lot of people going to suffer here i think

[Harveyboy]

2 minutes ago, KhunBENQ said:

It shortly dipped below 40 this morning, now at 40.4.

just seen 39.60

[edwinchester]

26 minutes ago, RichardColeman said:

The dollar is being weaponized to make other countries fail, plain and simple.

The Tory's seem to be on a mission to wreck the UK all by themselves.

[KhunBENQ]

29 minutes ago, Harveyboy said:

just seen 39.60

For reference purposes I always use current market rates (xe.com).

Of course Thai Bank TT rates or even cash rates worse and lagging behind.

 

Edited September 26, 2022 by KhunBENQ

[aussiexpat]

Rate on the street. US$ almost at parity to the £ (Aussie $ also sucks)

Edited September 26, 2022 by aussiexpat

[Bangkok Barry]

51 minutes ago, KhunBENQ said:

For reference purposes I always use current market rates (xe.com).

Which at 4.23 today is showing 40.69. If I transferred my usual 600 sterling at the end of the month then I'd get 900 baht less than a month ago. But I'm set to earn a very decent amount in US$ so I won't.

[earlinclaifornia]

Trump leaving office 30.00 Today with Biden leadership 37.88  Twenty six percent increase

[alex8912]

Their predictions of max 37.80 this week is already incorrect. It's 37.84 now. 

[fusion58]

I’m lovin’ it! ????

 

[earlinclaifornia]

On the 16th we get notice of our next years SSA increase, Projection is huge

[ThailandRyan]

13 minutes ago, fusion58 said:

I’m lovin’ it! ????

 

Yup, and that is of this moment

 

[Thingamabob]

When I was a youngster in the UK in the 1940s and 1950s we got 4 US dollars for 1 pound Sterling. Oh dear....

[talahtnut]

8 hours ago, Dmaxdan said:

I wish it would weaken against the British pound....????

The Pound is circling round the plughole, remove your cash

from the bank now, before we get a Greek style account snatch.

Uk banks are tightening up on cash withdrawals, time to invest

in hard assets.

The heavily manipulated Dollar and Euro going the same way.

 

[ThailandRyan]

12 minutes ago, talahtnut said:

The Pound is circling round the plughole, remove your cash

from the bank now, before we get a Greek style account snatch.

Uk banks are tightening up on cash withdrawals, time to invest

in hard assets.

The heavily manipulated Dollar and Euro going the same way.

 

How is the USD heavily manipulated?  Unless your talking about the rising interest rates, which are not manipulating anything, and neither is money printing, I believe you are confused.

[earlinclaifornia]

22 hours ago, Thingamabob said:

When I was a youngster in the UK in the 1940s and 1950s we got 4 US dollars for 1 pound Sterling. Oh dear....

Thats shocking as it is today  at  1.0853093 US Dollars

[hotchilli]

21 hours ago, webfact said:

The Thai Baht continued its dip as the new week starts and Kasikorn Research Center has come out to say that it expects the Thai currency to slide to as low as 37.80 Baht to the US$ during the course of this week.

Prawit will be prowling the corridors.. 

[jacko45k]

20 hours ago, Dmaxdan said:

I wish it would weaken against the British pound....????

For that to happen, in reality, The Pound would need to strengthen. Imagine where we would be if the baht had not also weakened relative to dollar......

My UK pension has lost about 7% value here in the last 2 months. This surely will impact many...Cheap Charlie's may not be cheap enough!

[ozfarang]

THB still weaking to the USD

 

Edited September 26, 2022 by ozfarang

[edwinchester]

1 hour ago, hotchilli said:

Prawit will be prowling the corridors.. 

Rolling along the corriders.

[MyFriend You]

23 hours ago, earlinclaifornia said:

Trump leaving office 30.00 Today with Biden leadership 37.88  Twenty six percent increase

Jeez Louise, if you really think that is the reason, don't quit your day job..............nothing to do with presidency, all to do with World Ecomomics........just a matter of supply and demand.......Peace

[stupidfarang]

13 hours ago, talahtnut said:

The Pound is circling round the plughole, remove your cash

from the bank now, before we get a Greek style account snatch.

Uk banks are tightening up on cash withdrawals, time to invest

in hard assets.

The heavily manipulated Dollar and Euro going the same way.

 

Where did you see "Uk banks are tightening up on cash withdrawals" ???? False news on your part 

[Heng]

Party time (still).

[ThailandRyan]

USD still gaining on the Thb, might be 38Thb to $1 sooner than the banks think.

 

[redwood1]