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Thai Baht Expected to Slide to 35.50 per Dollar by 2025


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Posted
8 minutes ago, kevin612 said:

Thai baht is the strongest currency in Southeast Asia 

Your citation?

From asia.nikkei.com dated Nov. 13, 2019?

"Southeast Asia's strongest currency baht fights own success"

From same: "Thailand is trying to coax the baht down from six-year high territory as the currency's strength threatens local manufacturing and tourism."

Good news will be the baht slides furthe downward towards 2025.

 

 

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Posted
2 minutes ago, nowhereman said:

35.50 THB to USD? That's how much it was 5 month ago, not to mention that is was 37.00 THB 7 month ago 😉 What is all this talking about 😉 

 

It was 32.30 in October

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Posted

Something is wrong with Thai Baht valuations.  Yesterday, the USD on Tradingview reached a multi-year high of 108.40.  And the Chinese Yen, Philippine Peso, Vietnam Dong, and Indonesia among most currencies responded with the related multi-year high for the USD.  In Thailand, the USD could only muster a five-week high.  Another way to look at it:  earlier in May and June, when the USD on Tradingview slumped to 105–the USD/Thai Baht came to 35.50

Bank of Thailand claims foreign inflows push up the Baht.  Who are the biggest foreign exchange customers?  China, Japan and Taiwan.  Sure, the Baht is not pegged to the Dollar, but they’ve suddenly set a very high bar for the USD. 

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Posted
6 minutes ago, Isaan sailor said:

Something is wrong with Thai Baht valuations.  Yesterday, the USD on Tradingview reached a multi-year high of 108.40.  And the Chinese Yen, Philippine Peso, Vietnam Dong, and Indonesia among most currencies responded with the related multi-year high for the USD.  In Thailand, the USD could only muster a five-week high.  Another way to look at it:  earlier in May and June, when the USD on Tradingview slumped to 105–the USD/Thai Baht came to 35.50

Bank of Thailand claims foreign inflows push up the Baht.  Who are the biggest foreign exchange customers?  China, Japan and Taiwan.  Sure, the Baht is not pegged to the Dollar, but they’ve suddenly set a very high bar for the USD. 

It's Holiday high Season, so the Central Bank keeps the Bath stronger.

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Posted
3 minutes ago, UWEB said:

It's Holiday high Season, so the Central Bank keeps the

4 minutes ago, UWEB said:

It's Holiday high Season, so the Central Bank keeps the Bath stronger.

Bath stronger.

It’s also holiday high season in China, Vietnam, Philippines, Indonesia, but they don’t keep their currencies unreasonably high.  Do the comparison.

Posted
10 minutes ago, UWEB said:

It's Holiday high Season, so the Central Bank keeps the Bath stronger.

Yes, they make their imported oil, much more expensive, on purpose........not!

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Posted

Dollar is strong all over the world. I am in Colombia again as of three days ago. 4380 I think was my exchange rate. Last time here it got down as low as 3800 I believe. I am loving it.  If in Thailand it is time to buy and bank the Baht.

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Posted
1 minute ago, Gknrd said:

Dollar is strong all over the world. I am in Colombia again as of three days ago. 4380 I think was my exchange rate. Last time here it got down as low as 3800 I believe. I am loving it.  If in Thailand it is time to buy and bank the Baht.

Thanks for your update.  USD is not strong in Thailand.   We have foreign inflows that jack the Baht.  Funny, every country has foreign inflows, but Thailand must have way more.  Last I checked at Wise, USD 34.33, so by the time we get it, we lose 1% or more.  That puts it down in 33.xx.  Not exactly strong here.  Last May, the USD was weaker—but we got a much better rate—35 to 36.

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Posted
30 minutes ago, Isaan sailor said:

Thanks for your update.  USD is not strong in Thailand.   We have foreign inflows that jack the Baht.  Funny, every country has foreign inflows, but Thailand must have way more.  Last I checked at Wise, USD 34.33, so by the time we get it, we lose 1% or more.  That puts it down in 33.xx.  Not exactly strong here.  Last May, the USD was weaker—but we got a much better rate—35 to 36.

 If I was there I would definitely be banking some Baht.  Dollar is predicted to be crazy strong for the foreseeable future. Take advantage of it if you can.

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Posted
20 minutes ago, novacova said:

So this means it’s expected be at 35.50 within the next ten days 

 

The OP doesn't say that.

 

On 12/20/2024 at 7:13 PM, snoop1130 said:

The Thai baht is forecasted to weaken, reaching 34.50 to the US dollar by the end of this year

 

 

and sliding further to 35.50 IN 2025,

 

Do you see somewhere the words BY 2025 in the OP?

 

I see it says that in the thread title, but as usual these days, title doesn't corresponded with what is in the OP.

Posted
1 hour ago, Ben Zioner said:

Yeah normal rate is 28.5810 as it was in March 20, 2013.

 

Screenshot2024-12-21at19_39_58.thumb.png.2c4035dea455718eedc67b0adc04f486.png

 

I don't know how to calculate average exchange rate over 10 years, but I estimate it is somewhere in the low 30"s

Posted
3 hours ago, GreasyFingers said:

And what was the USD in October - not 108+. On a straight comparison to the USD the baht should be a lot weaker.

 

With 108+ I assume you mean the dollar index, which is the dollar value against a basket of 6 major currencies. Thai baht is not included in the index.

 

7 hours ago, nowhereman said:

It's all good. Not everyone has to be in the same camp. Hope that in the next year everything works out well for you.

 

How the exchange rate evolves has no influence at all on my, because firstly I'm not an American, and my money is already in Thailand, so I will not have to transfer again.

 

Only thing I worry about is, that I want to buy gold to beat the 2% interest you get in the bank, but lately gold price and USD/THB exchange go hand in hand.

When gold price increase in USD, the THB get stronger at the same time, and vice versa, thereby limiting the price movement in Thai baht.

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Posted
10 hours ago, CallumWK said:

With 108+ I assume you mean the dollar index, which is the dollar value against a basket of 6 major currencies. Thai baht is not included in the index.

As if I did not know that. You did not explain why the baht has not fallen a comparable amount to the USD like other currencies.

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Posted
43 minutes ago, GreasyFingers said:

You did not explain why the baht has not fallen a comparable amount to the USD like other currencies.

 

Of course I didn't, I leave that to the experts like you. I guess you have compared the baht to the other 172 currencies that are not in the index?

I'm all ears.

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