Adumbration Posted April 15, 2023 Share Posted April 15, 2023 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. 1 Link to comment Share on other sites More sharing options...
CharlieH Posted April 15, 2023 Share Posted April 15, 2023 MOVED to Banking/finance forum Link to comment Share on other sites More sharing options...
StayinThailand2much Posted April 15, 2023 Share Posted April 15, 2023 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? 1 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted April 15, 2023 Share Posted April 15, 2023 Just this morning (7 AM Thai time). Was quite shocked. EUR/THB: Link to comment Share on other sites More sharing options...
Menken Posted April 15, 2023 Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted April 15, 2023 Popular Post Share Posted April 15, 2023 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. 1 1 2 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted April 15, 2023 Share Posted April 15, 2023 (edited) 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 Link to comment Share on other sites More sharing options...
Adumbration Posted April 15, 2023 Author Share Posted April 15, 2023 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.... 1 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted April 15, 2023 Popular Post Share Posted April 15, 2023 (edited) 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 3 1 2 Link to comment Share on other sites More sharing options...
Pmbkk Posted April 15, 2023 Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
Popular Post Adumbration Posted April 15, 2023 Author Popular Post Share Posted April 15, 2023 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. 1 3 Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted April 15, 2023 Popular Post Share Posted April 15, 2023 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. 3 Link to comment Share on other sites More sharing options...
Mavideol Posted April 15, 2023 Share Posted April 15, 2023 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 1 Link to comment Share on other sites More sharing options...
Adumbration Posted April 15, 2023 Author Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted April 15, 2023 Popular Post Share Posted April 15, 2023 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 3 1 1 Link to comment Share on other sites More sharing options...
Popular Post still kicking Posted April 15, 2023 Popular Post Share Posted April 15, 2023 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 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted April 15, 2023 Popular Post Share Posted April 15, 2023 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. 3 Link to comment Share on other sites More sharing options...
Adumbration Posted April 15, 2023 Author Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
gearbox Posted April 15, 2023 Share Posted April 15, 2023 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.... Link to comment Share on other sites More sharing options...
still kicking Posted April 15, 2023 Share Posted April 15, 2023 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 Link to comment Share on other sites More sharing options...
xylophone Posted April 15, 2023 Share Posted April 15, 2023 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? Link to comment Share on other sites More sharing options...
BritManToo Posted April 15, 2023 Share Posted April 15, 2023 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 1 Link to comment Share on other sites More sharing options...
still kicking Posted April 15, 2023 Share Posted April 15, 2023 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 1 Link to comment Share on other sites More sharing options...
Adumbration Posted April 15, 2023 Author Share Posted April 15, 2023 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: 1 Link to comment Share on other sites More sharing options...
treetops Posted April 15, 2023 Share Posted April 15, 2023 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. 2 Link to comment Share on other sites More sharing options...
still kicking Posted April 15, 2023 Share Posted April 15, 2023 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. 1 Link to comment Share on other sites More sharing options...
Adumbration Posted April 15, 2023 Author Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
still kicking Posted April 15, 2023 Share Posted April 15, 2023 5 minutes ago, Adumbration said: Today's rate is 22.74. Link to comment Share on other sites More sharing options...
onthedarkside Posted April 15, 2023 Share Posted April 15, 2023 Insulting inflammatory post removed along with reply 1 Link to comment Share on other sites More sharing options...
BigStar Posted April 15, 2023 Share Posted April 15, 2023 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. Link to comment Share on other sites More sharing options...
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