April 15, 20232 yr Use Google and have a look at the 5 day charts for AUD THB and GBP THB. Verticle and instanteous drop in the rates yesterday. BOT is intervening again to buy the baht it would seem.
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April 15, 20232 yr 4 minutes ago, Adumbration said: BOT is intervening again to buy the baht it would seem. Considering the economic situation and exports, shouldn't they sell the baht?
April 15, 20232 yr The currency is not widely traded and very vulnerable to manipulation. What's insane is when the likes of Bank of Japan try to intercede in the market. That's just throwing billions down a rat hole.
April 15, 20232 yr Popular Post 32 minutes ago, Adumbration said: Verticle and instanteous drop in the rates yesterday. Drops every Friday, and rises every Monday. Completely normal usually by 0.5bht/gbp.
April 15, 20232 yr 34 minutes ago, KhunBENQ said: Just this morning (7 AM Thai time). Was quite shocked. EUR/THB: Partly to blame on the Euro. I think, it went up to about 1.11 to the US$ late yesterday, just to drop back below 1.10 later...
April 15, 20232 yr Author 29 minutes ago, BritManToo said: Drops every Friday, and rises every Monday. Completely normal usually by 0.5bht/gbp. This does not look completely normal to me....
April 15, 20232 yr Popular Post 14 minutes ago, Adumbration said: This does not look completely normal to me.... That's because you don't really understand graphs, the scales in your example aren't representative of the level of change. Your steep drop is only 0.2bht (or 0.5%). Start your graph vertical axis at 0 and the apparent change becomes insignificant. (A little trick taught me from a book, "How to Lie with Statistics" Darrell Huff 1954)
April 15, 20232 yr 14 minutes ago, Adumbration said: This does not look completely normal to me.... That doesn't seem to correlate with Oanda. Seems to be pretty level all last week.
April 15, 20232 yr Author Popular Post 12 minutes ago, BritManToo said: That's because you don't really understand graphs, the scales in your example aren't representative of the level of change. Your steep drop is only 0.2bht (or 0.5%). Start your graph vertical axis at 0 and the apparent change becomes insignificant. (A little trick taught me from a book, "How to Lie with Statistics" Darrell Huff 1954) Regardless of scales there is a vertical and instantaneous drop (EUR, AUD and GBP) that highlights intervention in the market. Not normal trading flows.
April 15, 20232 yr Popular Post There are plenty of very sound reasons why BOT would not want to intervene in markets to increase the strength of the Baht and shed loads more why they would want to weaken it. Just because the AUD moved doesn't automatically mean BOT was in manipulation mode! Oh, my savings account had less in it than I thought, it must be BOT manipulating again..... seriously dude! As Britman said earlier, FX dealers square their positions prior to a weekend/holiday to avoid losses.
April 15, 20232 yr 1 hour ago, StayinThailand2much said: Considering the economic situation and exports, shouldn't they sell the baht? in Thailand's logical thinking it works inversely 555
April 15, 20232 yr Author 4 minutes ago, nigelforbes said: There are plenty of very sound reasons why BOT would not want to intervene in markets to increase the strength of the Baht and shed loads more why they would want to weaken it. Just because the AUD moved doesn't automatically mean BOT was in manipulation mode! Oh, my savings account had less in it than I thought, it must be BOT manipulating again..... seriously dude! As Britman said earlier, FX dealers square their positions prior to a weekend/holiday to avoid losses. You obviously do not realise who the head of the BOT is.
April 15, 20232 yr Popular Post Just now, Adumbration said: You obviously do not realise who the head of the BOT is. Oh please!!!! Give it a rest with the endless stories about AUD collapsing and BOT manipulation, now the head of the Central Bank. Yes I do know who he is, now you do also: https://www.nationthailand.com/business/30396451
April 15, 20232 yr Popular Post 6 minutes ago, nigelforbes said: Oh please!!!! Give it a rest with the endless stories about AUD collapsing and BOT manipulation, now the head of the Central Bank. Yes I do know who he is, now you do also: https://www.nationthailand.com/business/30396451 I don't even listen to him anymore
April 15, 20232 yr Popular Post Just so you understand: When a Central Bank such as BOT intervenes in the FOREX market, which under the terms of IMF membership it is required to do from time to time, in order to bring stability to a volatile Baht, it doesn't buy and sell currency itself in order to affect value. Instead, BOT uses partner banks via the Bank of International Settlements (BIS) to gradually buy or sell currency in smaller rather than larger tranches. If BOT were to trade large tranches itself, that would cause the Baht to be even more volatile and counter to its IMF remit. Using partner banks maintains BOT anonymity and also allows for a gradual change rather than the cliff edge type chances that you seem to imagine frequently.
April 15, 20232 yr Author 1 minute ago, still kicking said: I don't even listen to him anymore You don't need to. You live in a rented flat in rural Australia.
April 15, 20232 yr 15 minutes ago, nigelforbes said: Oh please!!!! Give it a rest with the endless stories about AUD collapsing and BOT manipulation, now the head of the Central Bank. Yes I do know who he is, now you do also: https://www.nationthailand.com/business/30396451 Looking at this graph, where do you think a war is going on....
April 15, 20232 yr 1 minute ago, Adumbration said: You don't need to. You live in a rented flat in rural Australia. First of all, I don't live in rural Australia I live in a city of 2 million and I don't live in a flat, I have 2 bedroom apartment but maybe you are getting confused sitting in front of a fan because you can't afford the aircon
April 15, 20232 yr 12 minutes ago, still kicking said: First of all, I don't live in rural Australia I live in a city of 2 million and I don't live in a flat, I have 2 bedroom apartment but maybe you are getting confused sitting in front of a fan because you can't afford the aircon This isn't the first time that "Adumbration" has insulted a poster here, and on two occasions he described me as "Ignorant", as well as saying that another poster was likewise. He seems to lack what we used to call, "interpersonal skills", so I have put him on ignore, and you might well consider doing the same?
April 15, 20232 yr 52 minutes ago, Adumbration said: Regardless of scales there is a vertical and instantaneous drop (EUR, AUD and GBP) that highlights intervention in the market. Not normal trading flows. It drops every Friday at close of trading. Then rises every Monday at start of trading. Normally by 0.5bht
April 15, 20232 yr 6 minutes ago, xylophone said: This isn't the first time that "Adumbration" has insulted a poster here, and on two occasions he described me as "Ignorant", as well as saying that another poster was likewise. He seems to lack what we used to call, "interpersonal skills", so I have put him on ignore, and you might well consider doing the same? Yes
April 15, 20232 yr Author 3 minutes ago, BritManToo said: It drops every Friday at close of trading. Then rises every Monday at start of trading. Normally by 0.5bht Ok BM2 I will be guided by your expertise in these mattters. On Monday next can you please take care to post a GBP THB graph that looks like this:
April 15, 20232 yr 15 minutes ago, xylophone said: He seems to lack what we used to call, "interpersonal skills" . . . . Lacks a lot more than that going by the nonsense he posts.
April 15, 20232 yr 5 minutes ago, Adumbration said: Ok BM2 I will be guided by your expertise in these mattters. On Monday next can you please take care to post a GBP THB graph that looks like this: He doesn't have to prove anything you are the expert in banking, calling RBA robbers and predicting the dollar goes down to 22 baht by December the 6th which is today 23.15 baht.
April 15, 20232 yr Author Just now, still kicking said: He doesn't have to prove anything you are the expert in banking, calling RBA robbers and predicting the dollar goes down to 22 baht by December the 6th which is today 23.15 baht. Today's rate is 22.74.
April 15, 20232 yr 9 hours ago, Mavideol said: in Thailand's logical thinking it works inversely 555 This always means that the poster's logical thinking is working inversely.
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