Thai Baht Plummets with US Tariff Blow: 34.50 per Dollar Test Looms

[jas007]

10 hours ago, JUARNETTE said:

What? 34/$ has been the norm for about 9 months.  Before that it went to 39/$.  In 2022 after Covid it was 29/$. Sounds like someone (WTO) is trying to create something out of nothing.

I think the US Treasury thinks the rate should be 34 to the US dollar, so nothing has changed.  Mild fluctuations are not a "plummet."   I'd look for the baht to weaken a bit from here. 

[retayl]

4 hours ago, captain_shane said:

I understand far better than you do pal. Go back to watching Richard Maddow.

Richard Maddow - really ? You’re on top of your game ain’t you pal!

[Robert_O]

19 hours ago, Stevemercer said:

What is the difference between the recent American (tariff) versus Australian (devalue currency) approaches  to boost their economies.

 

Tarrifs are meant to discourage imports and (hopefully) boost the domestic economy. Australia takes the approach of pushing down the Australian dollar to acheive the same outcome (e.g. make imports more expensive, boost the domestic economy and give a competitive advantage to what Australia does best).

 

Which approach actually works? The Australia approach centres the pain on everyday Australians through lower living standards. The American approach tries to transfer the pain to America's importers, but can backfire by making America's competitors even more competitive and ultimately making Americans worse off.

American products are the best in the world. I lived in Saudi Arabia for 20 years, and my old American refrigerator was fantastic. It never gave up. It is probably still working on my compound. Cheap crap from China isn't built to last. That's why you keep buying cheap Chinese crap! 

[thailand49]

Panic response and an excuse the baht should have tanked long ago just another opportunity to blame someone for their own leadership failings.🤣

[rough diamond]

5 hours ago, Robert_O said:

American products are the best in the world.

A B.S. statement based on one refrigerator.

I have a Japanese fridge upstairs that has been running for 25 years but I would never claim that Japanese products are the best in the world based on that single sample.

 

PS;  What US fridges are on sale in Thailand?

[kiwikeith]

On 4/4/2025 at 7:19 PM, maddox41 said:

The Thai B been inflated for years about time it come down  get some of there own medicine. 

Go Tariffs time for Thailand to have a good hard look at themselves and pull there head out of there Ar..  Which will never happen 

I would hardly call it a plummet, NZ dollar went  from18.6 to 19.03 , used to be 25 to one.

Bhat has been overvalued some time now