Thai Baht's Rise in Jeopardy Amid Political Uncertainty

 

And now 37% tariffs on exports to the US.  They're gonna need to start exporting quantity - better get that Thai Baht a lot lower to stimulate exports.

2 hours ago, Aussie999 said:

About 10 years ago it was close to 30 baht to the Australian dollar, today it is closer to 20 baht... Another nail in the coffin for tourists 

That's Why Hardly ANY Aussie Tourists are Coming HERE, They are getting BETTER Value for their " Buck " in Indonesia !!

2 hours ago, BerndD said:

The bigger manipulator is the ORANGE, only Jerome H. Powell is still standing in its way.

You may as well make him responsible for this as you Libs blame him for everything else....except all the good things of course which you always fail to mention, or attribute it to Sleepy Joe.

45 minutes ago, kingstonkid said:

 

what is life like there is it worth investigating as a retirement location?

Seems Rather a Lot more are " Sussing " it out.......

Thailand's main export partners are: the United States, China and Japan.

They need to weaken the baht, focus on China, Japan, and the tourism better exchange rates brings.

 

Thai Global Exports (Graph)

1 hour ago, alanrchase said:

The typical moaning about Thailand manipulating its currency without acknowledging that the USD has dropped about 10% against a basket of currencies over the last few months. Maybe it is the US that is manipulating its currency?

!00% true, I don't understand people don't see this!

2 hours ago, Jurg said:

Look at the exchange rates over the past 10 years against the AUD!!

Exchange rates of which currencies?
This is most likely to be entirely related to AUD, thus not much relevant to THB! 

20 minutes ago, Blueman1 said:

That's Why Hardly ANY Aussie Tourists are Coming HERE, They are getting BETTER Value for their " Buck " in Indonesia !!

True, I believe more are also going to Japan, South Korea, and Viet Nam, where they are appreciated more.

Now see the real picture namely many currencies are related to the USD, and precisely that has depreciated significantly which affects many other currencies like the THB.

27 minutes ago, Blueman1 said:

That's Why Hardly ANY Aussie Tourists are Coming HERE, They are getting BETTER Value for their " Buck " in Indonesia !!

Why does/should this apply only to Aussies??? 

3 minutes ago, Tubulat said:

Now see the real picture namely many currencies are related to the USD, and precisely that has depreciated significantly which affects many other currencies like the THB.

Does it?? How? 

26 minutes ago, boloaf said:

or attribute it to Sleepy Joe.

Doh! What does all this even mean??? 

17 minutes ago, Unamerican said:

Does it?? How? 

Have you heard anything regarding the gigantic mountain of debt in the land of MAGA?

While I doubt Thailand actively manipulates its currency, there is no doubt the government prefers a strong Baht.

 

If the government wanted a lower Baht (e.g. to make exports and tourism more competitive) all they have to do is 'jaw bone' it down (e.g. consistently say that they believe it is too high).The markets will think the government might take some future action and will drop the Baht.

1 hour ago, kingstonkid said:

 

what is life like there is it worth investigating as a retirement location?

Accommodation rentals are almost half as compared to Thailand... beaches are great... less crowded... food depends upon own choices... cost of living is cheaper as compared to Thailand 

16 hours ago, ozz1 said:

We all know it's far too high it will effect exports and tourism big time if something isn't done about it and with the US imposing high tarrifs it's going to get worse

 

Quote an irony.

When foreign visitors sworn here(one driving factor for  higher baht),

exporters suffer.

Thais cannot freely exchange foreign currencies within the country, which gives the government significant leverage over exchange rates.

1 hour ago, boloaf said:

You may as well make him responsible for this as you Libs blame him for everything else....except all the good things of course which you always fail to mention, or attribute it to Sleepy Joe.

Yes, I forgot the one good thing that the orange has produced: the American golden T-Phone, made in CHINA, which is not yet available on the market.

2 hours ago, kingstonkid said:

 

Forget about Tarrifs, the other problem is for those of us who are retired, transferring in money gets tighter.

 

Last year 3k cdn got over 72k baht  now it is just brely above 65k

 

 

That really sucks

 

Also I agree that it is going to affect exports butnot sure about  tourism we are still pretty cheap compared to other Asian countries and have a lot to offer.

 

The governemnt has to get solid and actually start doing things.

 

Would love to see the Budget bill get defeated in August.

 

Actually, Viet Nam, Philippines, Indonesia, Lao, all ASEAN nations, are as cheap, or cheaper, and more welcoming, than Thailand, I'm not sure about Cambodia, Malaysia or Myanmar.

16 hours ago, Sir Dude said:

the US and others are right to consider Thailand as a currency manipulator

With regard to the US - No.

Thailand has been on the US watchlist for currency manipulation and that's all.

Even when some countries met criteria for the manipulator label by the US, the US was unlikely to retaliate for trade reasons. Vietnam for example.

 

4 hours ago, BerndD said:

The bigger manipulator is the ORANGE, only Jerome H. Powell is still standing in its way.

Moronic T-D-S statement of the day!

❤️👊🇺🇲 

20 hours ago, snoop1130 said:

Uncertainty around tariffs and political stability leads investors to adopt a cautious stance. "There's too much unpredictability to take decisive positions,

Thailands recent attempt to negotiate tariffs with USA seems to have stalled.

Maybe Thailand cannot or will not de-couple from China, as far as transshipping is concerned.

USA will not tolerate this.

Maybe Thailand should do as Vietnam has done... Kiss China goodbye and welcome trading with the rest of the world.

That might just rekindle Thailands economic woes, and bring stability... but while it hangs onto the shirt tail of China they are going to suffer.

 

 

It’s time they stopped manipulative the baht and allowed it to run its own path if they don’t it’s going to bite them where the Sun don’t shine 

Shouldn't price go down during times like these?

5 hours ago, Zakhar said:

Here is table some data from 2015 thru Jun. If you look at the last 4 years, THB is climbing up.  However, it is somewhat manipulated and it should trade around 35 THB  against 1 USD as an average

Year	High (THB/USD)	Low (THB/USD)	Average (THB/USD)
2015	36.087	32.346	34.248
2016	36.193	34.298	35.297
2017	35.297	32.614	33.940
2018	33.714	31.183	32.310
2019	32.153	29.747	31.046
2020	32.311	29.723	31.295
2021	34.026	29.806	31.980
2022	38.234	31.406	35.078
2023	37.162	33.706	34.924
2024	37.237	33.996	34.090
2025	34.8991	32.3446	33.5024 (Jan–Jun)

Trading in Thai baht is pretty low volume stuff. This table and also rates for baht against other major currencies often says more about the other currency than the baht.

 

Hence, the baht has rallied in relation to the USD. But the flip side is actually that the USD has weakened, not just against the baht but also against other currencies, yen, EUR, GBP, SFR. Meanwhile the baht has actually been a little weaker against its peers group in SE Asia.

 

So when you look at the fx movements overall, it tells you that the real story is a weakening of the USD, rather than a significant rally in THB. If it were the latter, THB would be stronger against other currencies, not just USD.

thai baht always stays strong, good luck everybody 

Vs EUR, Baht is not rising any longer https://tauxde.com/eur-thb

I must be missing something, for a country that relies on exports and tourism isn't a strong currency bad for the economy.

22 hours ago, snoop1130 said:

32.30 per US dollar by year-end and into early 2026. This suggests only a modest 0.7% increase from its current level following a 5% surge in the past months.

Currently the baht is 32.48 to the USD. I do not see how this OP got their figures from. Also, there is speculation that the baht will lower to almost 36 thb to the usd by the end of the year. 

1 minute ago, thesetat said:

there is speculation that the baht will lower to almost 36 thb to the usd by the end of the year. 

yes please