Baht going down!

[Celsius]

This thread is a stark contrast to other negative threads, so let us celebrate.

 

Every little bit helps and Thai government intervening to help struggling expats is a welcome event. 

 

Now if you get a heart attack, your hospital bill will only be 22,779 British pounds instead of 22,988 British pounds.

[MarkBR]

Baht going down is good news.

[Yagoda]

6 minutes ago, MarkBR said:

Baht going down is good news.

Exactly. Ill be there in a bit for shopping and sluts, great timing!

[Berkshire]

Not sure about other currencies, but this article suggest that the USD strength as of late appears to be the strong US jobs report last week.  I've noticed the USD doing quite well against the THB these past few days.  We were on the verge of going under 32, but now back over 33.

 

[The dollar's gains followed a U.S. jobs report that showed the biggest jump in jobs in six months in September, a drop in the unemployment rate and solid wage rises, all pointing to a resilient economy and forcing markets to reduce pricing for Federal Reserve rate cuts.]

 

https://www.yahoo.com/news/finance/news/dollar-roll-us-jobs-data-003629660.html

[CallumWK]

1 hour ago, Celsius said:

Now if you get a heart attack, your hospital bill will only be 22,779 British pounds instead of 22,988 British pounds.

 

I'm gonna need that soon, because I cut my losses last Monday, and exchanged the 100K USD sitting in my FCD for years, at 32.11 to the baht.

Now every time I open the XE page I get a sting in my chest

[KhunLA]

It always goes back up ... 

 

 

... but will any of us still be alive when t does 

[brianthainess]

The Baht will rise dramatical in November, then crash soon after as November is when I must Transfer my funds for my extension. ................

[KhunLA]

3 minutes ago, brianthainess said:

The Baht will rise dramatical in November, then crash soon after as November is when I must Transfer my funds for my extension. ................

Just do it before the 3rd ... THANKS

[chiang mai]

If you want to know what's happening with the Baht against USD, you need to watch the US Dollar Index which reflects USD strength, when it moves, the exchange rate agai9nst USD moves also.

 

https://www.marketwatch.com/investing/index/dxy

 

 

[Cameroni]

5 minutes ago, chiang mai said:

If you want to know what's happening with the Baht against USD, you need to watch the US Dollar Index which reflects USD strength, when it moves, the exchange rate agai9nst USD moves also.

 

https://www.marketwatch.com/investing/index/dxy

 

 

 

Exactly right.

 

The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher by better-than-expected US Nonfarm Payrolls figures. 

 

Since hitting its lowest point in September, the index has been making higher lows, showing a change in market sentiment in favor of the dollar. If this continues, the DXY could aim for the 103.50-104.00 range, where the 200-day EMA is a major hurdle.

 

https://www.fxstreet.com/news/us-dollar-marks-in-fifth-straight-gain-day-after-nfp-numbers-surge-202410042003

 

This is allround excellent news as the odds of the Baht going down are therefore higher than average.

[KhunLA]

12 minutes ago, chiang mai said:

If you want to know what's happening with the Baht against USD, you need to watch the US Dollar Index which reflects USD strength, when it moves, the exchange rate agai9nst USD moves also.

 

https://www.marketwatch.com/investing/index/dxy

 

 

So, like the THB, the USD doesn't fluctuate much at all, about 10-15% either way of the median.  For decades, well except for '97'.

 

The drama ... 

 

Fairly constant, between 30-35 / $1

 

L ... 25 + 20% = 30 

H ... 46 - 20% = 35

Edited 10 hours ago by KhunLA

[Dan O]

1 hour ago, Celsius said:

This thread is a stark contrast to other negative threads, so let us celebrate.

 

Every little bit helps and Thai government intervening to help struggling expats is a welcome event. 

 

Now if you get a heart attack, your hospital bill will only be 22,779 British pounds instead of 22,988 British pounds.

The intervention has nothing to do with expats and helping us. Its for international business and exports. 

[chiang mai]

2 minutes ago, KhunLA said:

So, like the THB, the USD doesn't fluctuate much at all, about 10-15% either way of the median.  For decades, well except for '97'.

 

The drama ... 

If you're referring to USD DI chart I posted, that's a single day. If you expand it to say 5 years, you'll see that the DI fluctuates massively, even in short timescales

[Celsius]

2 minutes ago, Dan O said:

The intervention has nothing to do with expats and helping us. Its for international business and exports. 

 

oh

[oceanbluejewell]

 

[chiang mai]

30 minutes ago, KhunLA said:

So, like the THB, the USD doesn't fluctuate much at all, about 10-15% either way of the median.  For decades, well except for '97'.

 

The drama ... 

 

Fairly constant, between 30-35 / $1

 

L ... 25 + 20% = 30 

H ... 46 - 20% = 35

A 20% swing in a currency pair is massive.

[KannikaP]

48 minutes ago, brianthainess said:

The Baht will rise dramatical in November, then crash soon after as November is when I must Transfer my funds for my extension. ................

Did my monthly at 6am this morning, arriving 14.05 this afternoon. I lost Bht 200 !

Edited 9 hours ago by KannikaP

[UWEB]

I guess it's more resulted by a stronger Dollar rather an intervention by Bank of Thailand.

 

[KhunLA]

10 minutes ago, chiang mai said:

A 20% swing in a currency pair is massive.

That's rare though, and it doesn't happen suddenly, or last long.  Last 15 yrs, its been steady, 30 - 35  /$1,with few short excepts, and for the good, when lasting a bit longer than usual.

 

 

There's no drama here, and only for those barely making the financials for extensions. 

 

Simply switch the the lump sum method instead of monthly deposits.  If you can't do that, then you probably shouldn't be here to begin with.

 

Better planning ... better retirement

Edited 9 hours ago by KhunLA

[gejohesch]

38 minutes ago, Dan O said:

The intervention has nothing to do with expats and helping us. Its for international business and exports. 

"Thai government intervening to help struggling expats is a welcome event"

I guess that comment was with tongue in cheek!

[TroubleandGrumpy]

Hopefully, the BOT will again 'intervene' too much and the Baht will drop dramatically and get back to where it should be - which is about 25/26 per AUD and for you Poms to 48/49 GBP.   

[brianthainess]

19 minutes ago, KannikaP said:

Did my monthly at 6am this morning, arriving 14.05 this afternoon. I lost Bht 200 !

I do mine once a year. not monthly it will be 8,000 GBP, so I will lose a lot compared to last year, how much have you 'lost' in one year ?

[brianthainess]

1 hour ago, KhunLA said:

Just do it before the 3rd ... THANKS

 What are you trying to say ?, your not making any sense to me.

[1FinickyOne]

55 minutes ago, Dan O said:

The intervention has nothing to do with expats and helping us. Its for international business and exports. 

Oh, so I should stop sending letters then... 

[mancub]

21 minutes ago, 1FinickyOne said:

Oh, so I should stop sending letters then... 

Just be sure to sign the petition !

[KhunLA]

1 hour ago, brianthainess said:

 What are you trying to say ?, your not making any sense to me.

USA Soc Sec DD get done on the 3rd of the month 😁

[brianthainess]

21 minutes ago, KhunLA said:

USA Soc Sec DD get done on the 3rd of the month 😁

And that will help me how ? I have still have no idea what you are talking about, Soc Sec DD ??? 

[KhunLA]

10 minutes ago, brianthainess said:

And that will help me how ? I have still have no idea what you are talking about, Soc Sec DD ??? 

Nothing helping you, but if you're getting a better rate, then I'll get a better rate.  If THB weaker against the GBP, hope the same w/USD.

 

Me Me Me

[JetsetBkk]

Good grief! I suppose this is not the place to come for useful information. 😒