steevjee Posted January 7, 2023 Share Posted January 7, 2023 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 Link to comment Share on other sites More sharing options...
Social Media Posted January 7, 2023 Share Posted January 7, 2023 Lets move to Banking . Link to comment Share on other sites More sharing options...
nigelforbes Posted January 7, 2023 Share Posted January 7, 2023 The Baht is appreciating against the reserve currency, USD, the THB rate against AUD is a FOREX bi-product of that. 1 1 Link to comment Share on other sites More sharing options...
Peterw42 Posted January 7, 2023 Share Posted January 7, 2023 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. 1 1 Link to comment Share on other sites More sharing options...
theoldgit Posted January 7, 2023 Share Posted January 7, 2023 Troll post removed Link to comment Share on other sites More sharing options...
worgeordie Posted January 7, 2023 Share Posted January 7, 2023 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 1 Link to comment Share on other sites More sharing options...
nigelforbes Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
Fat is a type of crazy Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
Popular Post Jerno Posted January 7, 2023 Popular Post Share Posted January 7, 2023 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. 1 1 1 Link to comment Share on other sites More sharing options...
Delight Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
RafPinto Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
nigelforbes Posted January 7, 2023 Share Posted January 7, 2023 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. Link to comment Share on other sites More sharing options...
Chivas Posted January 9, 2023 Share Posted January 9, 2023 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 Link to comment Share on other sites More sharing options...
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