Popular Post KhunBENQ Posted August 2, 2024 Popular Post Posted August 2, 2024 EUR USD GBP... all falling sharply during the last few days. So seemingly a strengthening THB. Who has an idea what's behind? 3 1 1
Popular Post chiang mai Posted August 2, 2024 Popular Post Posted August 2, 2024 I believe this is a Fed rate issue. The Fed has indicated rates will fall, beginning September, markets have penciled in three rate cuts this year. That means USD value falls as the return on cash is less attractive and should mean that US equities will increase in value. 3 1 2 7
Pouatchee Posted August 2, 2024 Posted August 2, 2024 ask @BuddyPish he SAYS he earns his living on currency speculation. be careful, he is rich and scoffs at people who actually care about the ups and downs of currencies 1 2
Popular Post BuddyPish Posted August 2, 2024 Popular Post Posted August 2, 2024 21 hours ago, Pouatchee said: ask @BuddyPish he SAYS he earns his living on currency speculation. be careful, he is rich and scoffs at people who actually care about the ups and downs of currencies Boo Hoo. Still crying? 🤣 5 3 4
Popular Post BuddyPish Posted August 2, 2024 Popular Post Posted August 2, 2024 Western currencies are weakening as the prospect of interest rate cuts make them less attractive to investors. Perfect example is the Bank of England cutting 25 basis points yesterday; that's reflected in today's GBPTHB cross. Fed expected to cut next month The rate cutting cycle has begun and typically, western currencies weaken so if your finances are vulnerable to small fluctuations in the Thai baht's exchange rate with the currency your income is denominated in, you'd better be prepared to tighten your belt. 1 1 3 1 1 5
david555 Posted August 2, 2024 Posted August 2, 2024 4 hours ago, KhunBENQ said: EUR USD GBP... all falling sharply during the last few days. So seemingly a strengthening THB. Who has an idea what's behind? Just look at the European gold price a kilo 73131 € https://amsterdamgold.com/ 1 1
Popular Post Pouatchee Posted August 2, 2024 Popular Post Posted August 2, 2024 20 hours ago, BuddyPish said: Boo Hoo. Still crying? 🤣 still passing stupid comments with emojis cos you cant express yourself? 2 3 1 2 1
Pouatchee Posted August 2, 2024 Posted August 2, 2024 20 hours ago, BuddyPish said: Fed expected to cut next month 21 hours ago, chiang mai said: I believe this is a Fed rate issue. The Fed has indicated rates will fall, beginning September, markets have penciled in three rate cuts this year. great copy cat comment off @chiang mai i thought you would be better than that. guess i was wrong 1 4
Popular Post Srikcir Posted August 2, 2024 Popular Post Posted August 2, 2024 17 hours ago, KhunBENQ said: So seemingly In a short time span. Overall since the May 2014 military coup the baht has yet to recover. Thailand is still in a military coup recession. 1 5 1 1
1FinickyOne Posted August 3, 2024 Posted August 3, 2024 14 hours ago, Sticky Rice Balls said: enjoys last bite of steak....stocks up on mama cups....sticky rice awaits...minus nam prik I don't even like when other people eat nam prik - - their breath can overtake a car... 2
Popular Post koolkarl Posted August 3, 2024 Popular Post Posted August 3, 2024 Thai central bank intervention. No doubt they have arranged swap lines with with other central banks, so the Thai central bank can sell other currencies at will and buy the baht. The advantage of a fiat currency system. If all countries were back on the gold standard, this deception would be impossible. With such a huge interest rate gap between the US and Thailand, normally the baht would have fallen off a cliff. 1 1 2 2 5
FlorC Posted August 3, 2024 Posted August 3, 2024 So we were told that there would be some more explaining about Thai tax in July. I waited to exchange and/or send money from europe . Nothing about the tax in july ! So now I get scr-wed twice , stronger baht and tax on it ? Great ! Lucky I have 6 months to go under the 800K retirement hostage money. But maybe the baht will go up even more. 1
Popular Post Caldera Posted August 3, 2024 Popular Post Posted August 3, 2024 Maybe the world is finally buying into the Thai soft power ploy. 3
Lacessit Posted August 3, 2024 Posted August 3, 2024 The AUD has gone from 24.5 baht to 23 in the last month, maybe it's time for a comeback by Adumbration. One thing for sure about currency exchange rates. They fluctuate. 1 1
Popular Post chiang mai Posted August 3, 2024 Popular Post Posted August 3, 2024 35 minutes ago, FlorC said: So we were told that there would be some more explaining about Thai tax in July. I waited to exchange and/or send money from europe . Nothing about the tax in july ! So now I get scr-wed twice , stronger baht and tax on it ? Great ! Lucky I have 6 months to go under the 800K retirement hostage money. But maybe the baht will go up even more. I didn't see that any tax news was due in July, where did you read that? As US interest rates fall this year, the value of USD will weaken and become less attractive to investors. That will benefit emerging markets and developing economies who import oil and are dependent on exports, aka countries like Thailand. Yes of course the Baht will gain value against USD this year, potentially to the low 30's. But that doesn't mean that THB will have strengthened by anything related to the Thai economy, the increase in Baht value will result from events that are completely outside of Thailand's control or influence. 2 5
FlorC Posted August 3, 2024 Posted August 3, 2024 ^ I read that here on the forum a while back. It made sence that they would elaborate about the tax for us expats (>180 days) tax residents. So I waited to send money . Maybe the baht will come down again after the 10 K scheme is in action. Thai interest rates are low , US rates high. Industry is in a bit of a slum here. Certainly in the car industry and tourism is only 18 % . 1
CMBob Posted August 3, 2024 Posted August 3, 2024 18 minutes ago, chiang mai said: .......As US interest rates increase this year.... Actually, US interest rates have remained steady (and somewhat high) so far this year and the expectation is the Fed will begin to lower rates next month. Fairly normal for the value of a US dollar (compared to foreign currencies) to rise as the Fed raises interest rates and to react in the opposite direction as rates fall (and fairly normal that an increase/decrease will occur when just the expectation of Fed action reaches a certain level). 2
Popular Post KhunLA Posted August 3, 2024 Popular Post Posted August 3, 2024 I never think it's about THB strength, and more about other currencies weakening. Can only speak about the USD, and govt keeps printing money and accumulating more debt. That certainly has to lower the value of the USD. 1 1 1 2
chiang mai Posted August 3, 2024 Posted August 3, 2024 1 minute ago, CMBob said: Actually, US interest rates have remained steady (and somewhat high) so far this year and the expectation is the Fed will begin to lower rates next month. Fairly normal for the value of a US dollar (compared to foreign currencies) to rise as US interest rise and to react in the opposite direction as rates fall (and fairly normal that an increase/decrease will occur when just the expectation of Fed action reaches a certain level). I initially wrote "increase" when I intended to say "fall", I'm not quite sure why I did that but it's now fixed..
chiang mai Posted August 3, 2024 Posted August 3, 2024 4 minutes ago, KhunLA said: I never think it's about THB strength, and more about other currencies weakening. Can only speak about the USD, and govt keeps printing money and accumulating more debt. That certainly has to lower the value of the USD. The Dollar Index reflects USD value and that confirms USD has been falling. The current weakening however is more about expectations of what will follow rather than what is happening at this moment. https://www.marketwatch.com/investing/index/dxy
BuddyPish Posted August 3, 2024 Posted August 3, 2024 19 hours ago, Sticky Rice Balls said: enjoys last bite of steak....stocks up on mama cups....sticky rice awaits...minus nam prik You joke but there are many migrants who live here on 15k a month. Just wait until the authorities here decide to raise the financial requirement to qualify for a long-term visa/extension like retirement or marriage. 2 1 1
Man Mart Posted August 3, 2024 Posted August 3, 2024 In relation to sterling, it’s been a result of the anticipated and the actual cut in UK interest rates on Thursday. 1
harryviking Posted August 3, 2024 Posted August 3, 2024 I see the western currencies FALLING against the baht.... 2
Popular Post helloagain Posted August 3, 2024 Popular Post Posted August 3, 2024 On 8/2/2024 at 12:05 PM, KhunBENQ said: EUR USD GBP... all falling sharply during the last few days. So seemingly a strengthening THB. Who has an idea what's behind? It's manipulated. 1 5 1
Dcheech Posted August 3, 2024 Posted August 3, 2024 Wall St dropped 600 pts on Friday. There was a sell off the day before that & jittery for the entire week just ended. That certainly affected $ to B rate. 2
bkk_mike Posted August 3, 2024 Posted August 3, 2024 I'm just glad we bought our house when it was 60+ baht to the pound rather than now. 1 1 1
Digitalbanana Posted August 3, 2024 Posted August 3, 2024 1 hour ago, harryviking said: I see the western currencies FALLING against the baht.... How did you acquire this clairvoyant skill-set? The value of the USD and thus the THB exchange rate is influenced by a range of factors, including the strength of the U.S. economy, inflation, trade balances, and geopolitical events, among others. 1 1
Popular Post BuddyPish Posted August 3, 2024 Popular Post Posted August 3, 2024 1 hour ago, helloagain said: It's manipulated. ALL currencies are manipulated. That's what central banks do and none more blatantly than the US Federal Reserve, the BoJ, BoE and the ECB. What is quantitative easing if not deliberate manipulation? 1 2 1
Unamerican Posted August 3, 2024 Posted August 3, 2024 23 hours ago, chiang mai said: I believe this is a Fed rate issue. The Fed has indicated rates will fall, beginning September, markets have penciled in three rate cuts this year. That means USD value falls as the return on cash is less attractive and should mean that US equities will increase in value. U.K. also has had a rate drop. 1
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