FFS , it just goes up and up non stop against the dollar, such bulls***

 

Its dropped from 32.5 to now 31.7 within a matter of days , absolute joke.....

 

I want 40 baht to a dollar please at least please

Same with CAD, same with AUD.....

 

40 never gonna happen in your lifetime....below 30 in less than a year.

Usually it's not the Bhat getting stronger. It's always the foreign currency like the US$ getting weaker or artificially weakened as always even before Trump, for stimulating US exports. 

Hi season adjustments, like clockwork every year

 

No good for exports and tourism baht has been high for too long but the eletes dont care more buying power overseas 

11 hours ago, NickyLouie said:

Hi season adjustments, like clockwork every year

 

 

So September is high season in Thailand now? History shows that September is among the lowest month of low season.

 

11 hours ago, Sigmund said:

Usually it's not the Bhat getting stronger. It's always the foreign currency like the US$ getting weaker

 

Usually yes, but not this time.

When Anuthin got confirmed as PM, the US$ declined about 0.2% in the dollar index, while the baht got 0.8% stronger against the US$ on the same day

11 hours ago, hydraides said:

FFS , it just goes up and up non stop against the dollar, such bulls***

Currencies go up and down. The trend is down for the USD and thus THB up as long as the present US administration carries on its ways,

From today’s Thai Enquirer: "The Central Bank.......is considering measures to reduce the influence of gold price movements on the currency"

Can anyone explain this direct relationship between gold and the Baht. It appears that it is not just the USD falling.

The dollar is falling as the market is expecting jumbo rate cuts by the US Federal Reserve in the not too distant future, starting on Sept 17th.

 

The non-farm payroll info suggested lower than expected job growth, so a cut to interest rates is expected.

 

So dollar down, Thai baht up, very normal.

 

 

 

 

8 minutes ago, GreasyFingers said:

From today’s Thai Enquirer: "The Central Bank.......is considering measures to reduce the influence of gold price movements on the currency"

Can anyone explain this direct relationship between gold and the Baht. It appears that it is not just the USD falling.

 

It's because Thais are keen investors in Gold, they like it as an investment. So if the Gold price goes up, Thais sell their gold so this then affects exchange rates. This is because when Gold is sold it's converted into US dollars, which then have to be converted to Thai Baht.

 

 

 

 

Baht strength to me.

 

1 week changes in %:

 

EUR/USD +0.64

EUR/THB -1.37

USD/THB -1.99

4 minutes ago, Cameroni said:

 

It's because Thais are keen investors in Gold, they like it as an investment. So if the Gold price goes up, Thais sell their gold so this then affects exchange rates. This is because when Gold is sold it's converted into US dollars, which then have to be converted to Thai Baht.

 

 

 

 

Then how do you explain the INR and CNY both falling against the THB. Gold important in both countries.

2 minutes ago, GreasyFingers said:

Then how do you explain the INR and CNY both falling against the THB. Gold important in both countries.

 

Be careful, you are replying to a member who is an expert in financial, legal, political and female matters and a lot of other things

8 minutes ago, CallumWK said:

 

Be careful, you are replying to a member who is an expert in financial, legal, political and female matters and a lot of other things

As opposed to you, an expert on everything in your own mind only

4 minutes ago, GreasyFingers said:

Then how do you explain the INR and CNY both falling against the THB. Gold important in both countries.

 

There are various reasons for this. Firstly, theres's  Thailand's structural surplus advantage. Thailand has historically maintained robust current account positions, often registering significant surpluses.

 

Thailand's current account strength stems from two primary sources: net positive tourism receipts and consistent trade surpluses. The country's tourism sector, despite recent global disruptions, remains a vital source of foreign currency. Even with reduced Chinese visitors, diversification toward European, Russian, and Indian tourists has helped maintain this crucial income stream.

 

The country consistently earns more foreign currency than it spends, creating natural and sustained demand for the Baht. This structural characteristic provides a strong, internally generated supply of foreign exchange, reducing reliance on external financing and offering a significant buffer against external shocks.

 

India's trade balance has been consistently in deficit since 1980, primarily due to robust import growth, particularly in critical categories such as mineral fuels and precious stones. This persistent need for foreign currency to finance trade deficits creates continuous selling pressure on the Indian Rupee.

 

There are other factors as well.

12 hours ago, hydraides said:

FFS , it just goes up and up non stop against the dollar, such bulls***

 

Its dropped from 32.5 to now 31.7 within a matter of days , absolute joke.....

 

I want 40 baht to a dollar please at least please

I remember in 2000 it was 40 baht to the dollar.

if only...

3 minutes ago, Cameroni said:

 

There are various reasons for this. Firstly, theres's  Thailand's structural surplus advantage. Thailand has historically maintained robust current account positions, often registering significant surpluses.

 

Thailand's current account strength stems from two primary sources: net positive tourism receipts and consistent trade surpluses. The country's tourism sector, despite recent global disruptions, remains a vital source of foreign currency. Even with reduced Chinese visitors, diversification toward European, Russian, and Indian tourists has helped maintain this crucial income stream.

 

The country consistently earns more foreign currency than it spends, creating natural and sustained demand for the Baht. This structural characteristic provides a strong, internally generated supply of foreign exchange, reducing reliance on external financing and offering a significant buffer against external shocks.

 

India's trade balance has been consistently in deficit since 1980, primarily due to robust import growth, particularly in critical categories such as mineral fuels and precious stones. This persistent need for foreign currency to finance trade deficits creates continuous selling pressure on the Indian Rupee.

 

There are other factors as well.

 

And you accuse other on this forum about plagiarism, yet you do the exact same.

 

Source, word for word, for the post above, courtes y of.

 

https://abhigarg.com/thai-baht-vs-the-indian-rupee/

7 minutes ago, Cameroni said:

 

There are various reasons for this. Firstly, theres's  Thailand's structural surplus advantage. Thailand has historically maintained robust current account positions, often registering significant surpluses.

 

Thailand's current account strength stems from two primary sources: net positive tourism receipts and consistent trade surpluses. The country's tourism sector, despite recent global disruptions, remains a vital source of foreign currency. Even with reduced Chinese visitors, diversification toward European, Russian, and Indian tourists has helped maintain this crucial income stream.

 

The country consistently earns more foreign currency than it spends, creating natural and sustained demand for the Baht. This structural characteristic provides a strong, internally generated supply of foreign exchange, reducing reliance on external financing and offering a significant buffer against external shocks.

 

India's trade balance has been consistently in deficit since 1980, primarily due to robust import growth, particularly in critical categories such as mineral fuels and precious stones. This persistent need for foreign currency to finance trade deficits creates continuous selling pressure on the Indian Rupee.

 

There are other factors as well.

That sounds an AI response.

12 hours ago, Sigmund said:

Usually it's not the Bhat getting stronger. It's always the foreign currency like the US$ getting weaker or artificially weakened as always even before Trump, for stimulating US exports. 

Appears that gold is the driving force. Saw an article yesterday that indicated a 37% rise so far this year. Thailand has fairly good  reserves in gold.

 

This sustained strengthening has driven Thailand’s foreign reserves to an all-time high, raising speculation in the market that the Bank of Thailand (BOT) has intervened to prevent the currency from rising too sharply.

 

Rising global asset prices, particularly gold, have boosted the market value of reserve holdings. Thailand’s gold share of total reserves has climbed to 9.5%, compared with 3.4% a decade ago and just 2.6% in 2005

https://www.nationthailand.com/blogs/business/banking-finance/40054849

13 hours ago, hydraides said:

FFS , it just goes up and up non stop against the dollar, such bulls***

 

Its dropped from 32.5 to now 31.7 within a matter of days , absolute joke.....

 

I want 40 baht to a dollar please at least please

Is that you using your technical analysis or fundamental analysis tools?

This topic 😆 

21 hours ago, hydraides said:

I want 40 baht to a dollar please at least please

40  

 

25 yrs ago when I got here and up to 45, before the steady decline.  Won't be seeing 40 again, definitely not in our lifetime.

 

Be happy it stays above 30, as less than for any length of time, would be a new low.  Occasional dipped <30 in the past, but very short lived.

Expecting even  a stronger Baht.

 

https://www.bangkokpost.com/business/general/3101596/call-for-action-to-curb-soaring-baht

15 hours ago, Cameroni said:

 

It's because Thais are keen investors in Gold, they like it as an investment. So if the Gold price goes up, Thais sell their gold so this then affects exchange rates. This is because when Gold is sold it's converted into US dollars, which then have to be converted to Thai Baht.

 

 

 

 

first great answer I've seen so far.

On 9/9/2025 at 9:08 AM, CallumWK said:

When Anuthin got confirmed as PM, the US$ declined about 0.2% in the dollar index, while the baht got 0.8% stronger against the US$ on the same day

 

If anyone still think baht strength is actually dollar weakness.

The dollar is getting stronger against the currencies in the dollar index, while at the same time the baht is getting stronger against the dollar.

 

 

I have given up trying to understand 

I’m convinced that they manipulate to their advantage one day it will come and bite them in the backside 

3 minutes ago, crazykopite said:

I’m convinced that they manipulate to their advantage one day it will come and bite them in the backside 

 

 

That would seem to be a logical argument.........................as it was when I first heard it - some 19 years ago.

It's the USD losing ground to many other currencies.

 

1 USD was 11.50 to Norwegian Kroner NOK when Trump took office in January.

1 USD today is 9.85.

Same goes with SEK, and even Euro.

 

Since Baht is pretty much influenced by USD, many currencies now get more Baht for their money (NOK and SEK up around 8% since January).

So we are indeed happy with this development.

Legal gold trades to Cambodia.

 

Gold bought in dollars, dollars converted to baht.....demand for the baht keeps it's price elevated.

 

The gold trades are now coming under scrutiny, but with Anutin in charge who knows....is he bothered? He will be getting richer of the back of it somehow.