BOT is buy baht again.

[Adumbration]

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.

[CharlieH]

MOVED to Banking/finance forum

[StayinThailand2much]

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?

[KhunBENQ]

Just this morning (7 AM Thai time). Was quite shocked.

EUR/THB:

 

[Menken]

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.

[BritManToo]

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.

[StayinThailand2much]

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...

Edited April 15, 2023 by StayinThailand2much

[Adumbration]

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....

[BritManToo]

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)

Edited April 15, 2023 by BritManToo

[Pmbkk]

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.

 

 

 

[Adumbration]

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.

[nigelforbes]

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.

[Mavideol]

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

[Adumbration]

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.

[nigelforbes]

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

[still kicking]

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 

[nigelforbes]

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.

[Adumbration]

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.

[gearbox]

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....

[still kicking]

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 

[xylophone]

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?

[BritManToo]

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

[still kicking]

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

[Adumbration]

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:

 

 

[treetops]

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.

[still kicking]

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.

[Adumbration]

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.  

[still kicking]

5 minutes ago, Adumbration said:

Today's rate is 22.74.  

 

[onthedarkside]

Insulting inflammatory post removed along with reply

[BigStar]

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.