Adumbration Posted September 20, 2023 Share Posted September 20, 2023 Thai gold price way up over the last two days also.... Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 20, 2023 Share Posted September 20, 2023 BOT joined the party at noon. Would be interesting to know how much they spend defending the baht. 1 1 1 Link to comment Share on other sites More sharing options...
gamb00ler Posted September 20, 2023 Share Posted September 20, 2023 37 minutes ago, ExpatOilWorker said: BOT joined the party at noon. Would be interesting to know how much they spend defending the baht. I love how the bottom part of a chart gets cut off so that minor changes in the top 1% of the chart look monstrous! 1 1 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted September 21, 2023 Share Posted September 21, 2023 Without $ flowing in in-mass for tourism and expats, Thailand is reliant on it's trade, and that needs to be in a surplus to imports. Therefore if $ are going out (not $ itself at the individual level, but the inter-change mechanism) than coming in, the country won't be able to control the THB - $ rate. As all debts are usually in EURODOLLAR, Corporate/Gov (ledger) they need physical $ capturing to pay down the debt or interest. So Thailand's approach to this new tax system will leave them longing for $ (you transferring in Euro's etc) to give the central bank the $ to service the Corporate demand & Gov demand. They will swiftly find themselves in a similar to most of the world, and armchair BRICS supporters will think Thailand trading with some countries in THB will be another win against the US Reserve Currency (its not) but in reality it will be because they don't get enough $ flow/velocity to service the EURODOLLAR commitments... FYI EURODOLLAR is the reserve currency, and that's just ledger based debts and liabilities, the $ is the mechanism for paying down the debts/interest. So som-nom-na 1 Link to comment Share on other sites More sharing options...
Phulublub Posted September 21, 2023 Share Posted September 21, 2023 On 9/20/2023 at 9:52 AM, KhunBENQ said: Not being asked but I use: xe.com What you see are currency market rates not what you get at the exchange boot or with a (swift) transfer. But all rates are derived from that. Use Wise and you get pretty much mid-market rate. PH 2 Link to comment Share on other sites More sharing options...
KhunBENQ Posted September 22, 2023 Share Posted September 22, 2023 (edited) 18 hours ago, Phulublub said: Use Wise and you get pretty much mid-market rate. PH What I do since years???? Edited September 22, 2023 by KhunBENQ Link to comment Share on other sites More sharing options...
Digitalbanana Posted September 22, 2023 Share Posted September 22, 2023 On 9/20/2023 at 1:40 PM, BenStark said: 10 years ago it was about 70, so what are all those people talking about. Next Next. Link to comment Share on other sites More sharing options...
KhunLA Posted September 22, 2023 Share Posted September 22, 2023 On 9/20/2023 at 9:52 AM, KhunBENQ said: Not being asked but I use: xe.com What you see are currency market rates not what you get at the exchange boot or with a (swift) transfer. But all rates are derived from that. I just look at BkkBank, where my USD go ... any other site is a bit irrelevant: Link to comment Share on other sites More sharing options...
khunjake Posted September 26, 2023 Author Share Posted September 26, 2023 USD/THB breached last weeks low this morning. 36.36 currently. Probably based more on USD strategy vs. domestic news but still getting weaker. Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 26, 2023 Share Posted September 26, 2023 15 minutes ago, khunjake said: USD/THB breached last weeks low this morning. 36.36 currently. Probably based more on USD strategy vs. domestic news but still getting weaker. August trade data are due at 10:30 am local time. If it is more than $2 billion in deficit, that could be the reason. Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 26, 2023 Share Posted September 26, 2023 August trade surplus of $360 million. WOW! Link to comment Share on other sites More sharing options...
khunjake Posted October 3, 2023 Author Share Posted October 3, 2023 37.14 today. PM quoted today encouraging weaker THB favoring exports and tourism. USD may top out soon against G10 currencies but Asian currencies should remain under pressure. 1 1 Link to comment Share on other sites More sharing options...
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