13 hours ago, FlorC said:

So how are they going to tackle the baht surge ?

Even lower interest rates ?

Selling baht for other currencies ?

Borrowing more money for stupid projects and 10k handouts ?

 

Thailand's foreign currency and gold reserves are unusually high considering the size of its economy. Selling a chunk of such excessive reserves could easily devalue the baht, leading to higher exports, higher tourist numbers, and economic growth. Of course, the top 1% of society would cry foul as foreign villas and bank deposits would get more expensive (in baht)...

53 minutes ago, StayinThailand2much said:

 

Thailand's foreign currency and gold reserves are unusually high considering the size of its economy. Selling a chunk of such excessive reserves could easily devalue the baht, leading to higher exports, higher tourist numbers, and economic growth. Of course, the top 1% of society would cry foul as foreign villas and bank deposits would get more expensive (in baht)...

You have it wrong way around. If Thailand sells a chunk of its foreign reserves, they are buying back Thai Baht, thus creating more demand for the Baht and thus increasing its value. The reason why Thailand has such a large foreign reserve is because the Bank of Thailand has been buying a lot of foreign currency to try to decrease the value of the Baht.  

1 hour ago, Gulfsailor said:

You have it wrong way around. If Thailand sells a chunk of its foreign reserves, they are buying back Thai Baht, thus creating more demand for the Baht and thus increasing its value. The reason why Thailand has such a large foreign reserve is because the Bank of Thailand has been buying a lot of foreign currency to try to decrease the value of the Baht.  

 

But why do they hold such large gold reserves, considering that...

 

"The baht has a much closer link to gold than other emerging Asian currencies, with the two prices having a correlation coefficient of about 0.53 over the past 90 days. A coefficient of 1 would mean they are moving in lockstep."

 

If the gold price goes up by another 20%, won't the dollar/baht exchange rate drop below 29? Imagine the effect on exports and tourism...

7 hours ago, StayinThailand2much said:

If the gold price goes up by another 20%

We can only hope ! 👍

I'm here on retirement visa, have a few million baht in the bank. I calm myself over exchange fluctuations by viewing baht and dollar on a seesaw: when baht goes up I can dip into Thai account. If dollar goes up (somehow) I can pull cash from US banks. I know all sorts of holes can be poked in this, but hey, what influence do we have on exchange rates? 

On 9/10/2025 at 9:29 AM, JJ-Thailand said:

Historically the Baht is not strong at all, but I guess it will soon participate in a race to the bottom. I remember when it was pegged at 25 Baht to one US dollar, for many years.

I remember when it was 20 baht to the dollar - 1968-1970

 

On 9/9/2025 at 5:26 PM, HappyExpat57 said:

I wondered why no one was crying like a raped ape about the dollar dipping below 32 baht.

This is a bunch of BS, I changed 2k the other day and got 18 bhat to the dollar the lowest in months, so its c rapp.

34 minutes ago, kiwikeith said:

This is a bunch of BS, I changed 2k the other day and got 18 bhat to the dollar the lowest in months, so its c rapp.

USD? I can do a Wise xfer at this moment and get 31.58 baht to the USD minus whatever small fee they charge. If you exchanged USD, the people doing the exchange cheated you badly.

40 minutes ago, kiwikeith said:

This is a bunch of BS, I changed 2k the other day and got 18 bhat to the dollar the lowest in months, so its c rapp.

Where did you change it, Hong Kong?   More likely you changed Aussie $$, now at 21.23

23 hours ago, flexomike said:

I remember when it was 20 baht to the dollar - 1968-1970

 

But a beer back then was 8 baht, bag of Ice tea 1 baht, bowl of noodles 3 baht.  so its all relevant- I was there 71-75

1 hour ago, Explorator en Actione said:

Where did you change it, Hong Kong?   More likely you changed Aussie $$, now at 21.23

No with a money service that pays above the Thai rate of exchange and very secure and reliable it was transaction from NZ to here. They paid 18 Bhat to the NZ dollar yesterday

For us Brits it would still be okay until racists caused Brexit. 

 

Making themselves hurt for a racist ideaology. And they still aren't happy. 

29 minutes ago, DonniePeverley said:

For us Brits it would still be okay until racists caused Brexit. 

Racists caused Brexit !!!!!  55555  that's laughable.

You like not to have a job because they are all taken by persons who will work like a robot without complaint for a pittance on zero hours contract..at the same time there is no affordable housing,the NHS is broken and no one speaks English anymore get on a bus in London and listen.

11 hours ago, johng said:

Racists caused Brexit !!!!!  55555  that's laughable.

You like not to have a job because they are all taken by persons who will work like a robot without complaint for a pittance on zero hours contract..at the same time there is no affordable housing,the NHS is broken and no one speaks English anymore get on a bus in London and listen.

 

 

See what i mean ^