Will the baht continue to get stronger?

[spidermike007]

Though there are so many different factors at play here one has to wonder why the Thai baht continues to strengthen at a time when there are so many economic headwinds, and so many difficulties locally within the Thai economy. While a strong baht lowers costs for importers, it presents significant challenges for exporters and those earning income in foreign currencies. This comes at a time when Thailand’s economic fundamentals remain weak and lack strong growth momentum.

 

Granted the SGP (stable genius policies) in the US are likely giving a lift to the baht, as there does seem to be a an exodus from dollar denominated Investments and from the dollar in general, especially at the bond level.

 

There has been some speculation that the current strength of the baht is somehow tied into the price of gold. Does anybody understand the fundamentals behind that? Any predictions where this will go over the next year or two? 

[Mavideol]

we still have to wait until all the hi-so complete their overseas investments, then ???? you guess it's as good as mine but quite sure Thai exporters are suffering

[Yellowtail]

It the Baht just back where it was against the dollar six months ago? 

 

 

[Yellowtail]

I think Thailand's government debt to GDP ratio is much lower than both the EU and the US. 

[Yellowtail]

[pomchop]

I would say with current on again off again tariffs and restructuring of who are reliable trading partners and can be trusted that it is impossible to predict.

 

Every day  now as I watch stock markets i remember allan Greenspan decades ago as fed chairman calling the super high stock markets as being fueled by "irrational exuberance".. ...seems to me lot of that going on right now.

[blaze master]

37 minutes ago, pomchop said:

I would say with current on again off again tariffs and restructuring of who are reliable trading partners and can be trusted that it is impossible to predict.

 

Every day  now as I watch stock markets i remember allan Greenspan decades ago as fed chairman calling the super high stock markets as being fueled by "irrational exuberance".. ...seems to me lot of that going on right now.

 

Is that the same Greenspan that was in charge for the 2008 financial crisis ?

 

[georgegeorgia]

11 hours ago, spidermike007 said:

Though there are so many different factors at play here one has to wonder why the Thai baht continues to strengthen at a time when there are so many economic headwinds, and so many difficulties locally within the Thai economy. While a strong baht lowers costs for importers, it presents significant challenges for exporters and those earning income in foreign currencies. This comes at a time when Thailand’s economic fundamentals remain weak and lack strong growth momentum.

 

Granted the SGP (stable genius policies) in the US are likely giving a lift to the baht, as there does seem to be a an exodus from dollar denominated Investments and from the dollar in general, especially at the bond level.

 

There has been some speculation that the current strength of the baht is somehow tied into the price of gold. Does anybody understand the fundamentals behind that? Any predictions where this will go over the next year or two? 

Im really taking the judicious approach 

[georgegeorgia]

2 hours ago, pomchop said:

I would say with current on again off again tariffs and restructuring of who are reliable trading partners and can be trusted that it is impossible to predict.

 

Every day  now as I watch stock markets i remember allan Greenspan decades ago as fed chairman calling the super high stock markets as being fueled by "irrational exuberance".. ...seems to me lot of that going on right now.

As opposed to , but your certainly correct ,there is a lot going on especially in regard to Transphobia but please don't get off topic