Aussie Dollar vs Thai Baht

[steevjee]

Are there any Financial Experts here that might be able to throw some light on the current drop in value of Oz dollar against the Baht? I know it's a crystal ball thing to a large degree but an opinion from a money sage would be appreciated

[Social Media]

Lets move to Banking .

[nigelforbes]

The Baht is appreciating against the reserve currency, USD, the THB rate against AUD is a FOREX bi-product of that. 

[Peterw42]

As others have said, its to do with the Baht-$US and $US-$AU triangle. Or it could just be a boatload of Ford rangers, Toyota Hiluxs just arrived in in Australia from Thailand, and they need to be paid for.

[theoldgit]

Troll post removed

[worgeordie]

I blame speculators  , bottom feeders , do F#ck all to earn their money,

and effect so many ordinary people ,like you and I .

regards worgeordie

[nigelforbes]

A secondary reason why AUD has fallen in value is because commodity prices have fallen and Australia is dependent on commodity exports and a key part of its economy.

[Fat is a type of crazy]

Not that low if you look over 5 years. Higher than all of 2019 and 2020. Got a bit above 25 here and there but promptly dropped. AUD doing OK against USD given interest rates have been lifted less. 

China opening up and possibly lifting trade sanctions could be good for Australia. Though China opening up is good for Thailand too so see what happens. 

[Jerno]

2 hours ago, worgeordie said:

I blame speculators  , bottom feeders , do F#ck all to earn their money,

and effect so many ordinary people ,like you and I .

regards worgeordie

Don't forget the Thai Central Bank.  They likely are buying Baht selling foreign reserves to increase demand for Baht, thus driving up the "price" of Baht on world financial markets.

[Delight]

4 minutes ago, Jerno said:

Don't forget the Thai Central Bank.  They likely are buying Baht selling foreign reserves to increase demand for Baht, thus driving up the "price" of Baht on world financial markets.

Correct. Keep the cost of oil stable.

[RafPinto]

Went up a few months ago but when the news came, China not opening, Baht fell again.
Now China opening and here you go, Baht appreciating.

[KhunBENQ]

2 hours ago, Delight said:

Correct. Keep the cost of oil stable.

Fuel prices down 0.30 Baht today

 

No question: it's not a specific AUD weakness.

EUR has nosedived as not seen for a long time.

Super steep dive just after opening markets after New Year.

 

[nigelforbes]

2 hours ago, Jerno said:

Don't forget the Thai Central Bank.  They likely are buying Baht selling foreign reserves to increase demand for Baht, thus driving up the "price" of Baht on world financial markets.

Don't give up your day job.

[Chivas]

On 1/7/2023 at 4:41 AM, Jerno said:

Don't forget the Thai Central Bank.  They likely are buying Baht selling foreign reserves to increase demand for Baht, thus driving up the "price" of Baht on world financial markets.

Correct

 

I havent checked lately for 6 months or so but the Thais had the 8th highest Foreign Currency reserves in the world.....just think about that

They could buy the Baht on Forex markets for decades should they choose to