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Baht Poised to Hit 30 per Dollar as Gold Soars

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On Dec 24, 2025,  Bangkok Post quoting from Reuter :

US Dollar on course for the worst year since 2003. 

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  • Good to have the best performing currency. The stronger it gets the better. Tourist will stay away, business and economy will go down and the poverty will increase. But who cares. We have the best per

  • Just in time for the high season a bit suss  no manipulation here

  • "best performing" like it is some kind of regonal challenge they have won, seems more like the continue to shoot themselves in the foot, sitting on their hands won't improve things, this quite frankly

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I for one am happy that the Baht is strong against a whole host of currencies. Anything that makes Thailand too expensive for the undesirables is fine by me. A few sheckles less to the Baht won't matter to the likes of me and other gentlemen of my standing. Happy Christmas and good day 🙏

43 minutes ago, My mate Brian said:

I for one am happy that the Baht is strong against a whole host of currencies. Anything that makes Thailand too expensive for the undesirables is fine by me. A few sheckles less to the Baht won't matter to the likes of me and other gentlemen of my standing. Happy Christmas and good day 🙏

yeah rub it in ✌️

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On 12/24/2025 at 8:53 AM, webfact said:

Poonyawat Sreesing from Siam Commercial Bank stated that global factors primarily influence the baht. However, undisclosed domestic factors are also in play. Measures by the Bank of Thailand to control capital flows are ongoing, though time-consuming.

 

Remember a few years ago, when Prawit complained that 37 baht to the dollar was too much and it shouldn't be more than 35?  Literally within days, it was brought back to 35 and under. Clearly, they can control the exchange rate any time they want to do so.

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1 hour ago, John Drake said:

Remember a few years ago, when Prawit complained that 37 baht to the dollar was too much and it shouldn't be more than 35?  Literally within days, it was brought back to 35 and under. Clearly, they can control the exchange rate any time they want to do so.

Unlike in 1st world countries, the BOT does not have to publish any activities it undertakes with regards to the Baht. They can buy or sell any amount on the market, and not have to report it at all.  The BOT Overlords want it up, they buy - they want it down they sell.  The BOT needs to be reined in and brought under the control of the Thai Govt - the BS from some Expats about the Thai Central Bank being 'independent' is just that - total BS.  In Thailand they are all corrupt and bent and we all know that - I fail to understand how some Expats can think that the BOT is not corrupted or bent. 

 

IMO the world would be better off if all Central Banks were reined in and placed under the control of the elected Government. That way if they screw up the Govt can be removed by the people - the unaccountable Central Banks (and EU and UN) should all be reined in.  Remember when they all raised interest rates after Covid finished? That was a mistake, because the inflation was caused by supply side problems, not too much demand causing prices to increase. But the bigger mistake was taking far too long to lower them again when it was clear they had crashed the global economy almost as bad as Covid. There are many things that most women and public service bureaucrats have in common, but the biggest one is a total lack of any sense of accountability.

A quick look at exchange rates over the past year shows the Euro has risen against the baht, the Yuan and the Pound are slightly down and the US Dollar is down by quite a bit.  So the story shouldn't be about how strong the baht is, but rather how weak the dollar is!

On 12/24/2025 at 11:20 AM, smedly said:

"best performing" like it is some kind of regonal challenge they have won, seems more like the continue to shoot themselves in the foot, sitting on their hands won't improve things, this quite frankly sounds like manipulation, still can't figure out who benefits except those wanting to move money out of Thailand, I get the feeling they are hiding something - but what ?

It's not so much a strong Baht as a weak dollar, add Thailands large foreign reserves and gold holdings and of course the Baht will rise against the dollar. The dollar has fallen against all major currencies and will continue to do so, QE in the USA hasn't really got started, when it really goes ballistic due to lack of bond sales then the dollar will reach junk status.

On 12/24/2025 at 11:20 AM, smedly said:

"best performing" like it is some kind of regonal challenge they have won, seems more like the continue to shoot themselves in the foot, sitting on their hands won't improve things, this quite frankly sounds like manipulation, still can't figure out who benefits except those wanting to move money out of Thailand, I get the feeling they are hiding something - but what ?

The truth ???

Gold is not soaring it might be rising or floating around 

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This should be referred to as the Trump effect. He is not only diminished America dramatically, but he's diminished the dollar dramatically and that seems to be intentional sabotage. 

 

Having said that we all know that Thai Baht is way, way over bloated, and this is obviously happening for a variety of reasons but the Central Bank needs to get this under control, as it's having a dramatic effect on tourism. 

 

Vietnam is catching up quickly and a lot of the blame lays squarely on the government of Thailand. 

On 12/24/2025 at 2:03 PM, dinsdale said:

Slow economy, high household debt, slow tourism, tariffs on exports and a very strong baht. I always thought that this would see a weakening in a currency but I'm not schooled in economics.

thats old shool economics ,before pre globalisation time , what i learned is nearly the opposite today.

in a globalized and highly specualtive world financialsystem , where currency trading is outpacing world GDP by 100 fold( or more) it doesnt matter anymore , the real economy

 

as long speculants, and high profile institutions , see asian currencys as "investable for gains" or  for carry trades like thb/jpy,usd/jpy, there will nothing change and Bot have no chance (  even the british in 1993,the swiss in 2012,and  others) , and counter measure will only be shortterm and expensive.

 

the time of globalistaion is over, since 10years ,globalistation is bringing only profit and wealth, to banks ,multinationals and high worth individuals, and since 10 years a lot of proverty to millions and billions of people. the zenith is over. the devil is govern..................... deglobalization , is the way to sucess today, Trump undertsadn it, the europeans not recon the new world,and others lacking behind.

 

 

20 hours ago, My mate Brian said:

I for one am happy that the Baht is strong against a whole host of currencies. Anything that makes Thailand too expensive for the undesirables is fine by me. A few sheckles less to the Baht won't matter to the likes of me and other gentlemen of my standing. Happy Christmas and good day 🙏

Happy you too rich..many normal people are not the undesired.. but they will have less too spend or find other destination, which harms Thailand. But happy you can spend your big money here

2 hours ago, soalbundy said:

It's not so much a strong Baht as a weak dollar, add Thailands large foreign reserves and gold holdings and of course the Baht will rise against the dollar. The dollar has fallen against all major currencies and will continue to do so, QE in the USA hasn't really got started, when it really goes ballistic due to lack of bond sales then the dollar will reach junk status.

Major currencies. THB is not a major currency....

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1 hour ago, spidermike007 said:

This should be referred to as the Trump effect. He is not only diminished America dramatically, but he's diminished the dollar dramatically and that seems to be intentional sabotage. 

 

Having said that we all know that Thai Baht is way, way over bloated, and this is obviously happening for a variety of reasons but the Central Bank needs to get this under control, as it's having a dramatic effect on tourism. 

 

Vietnam is catching up quickly and a lot of the blame lays squarely on the government of Thailand. 

So it was the 'Trump Effect' when it went from 45 to 29 during Bush 2

and went from 34.8 to 28.28 during Obame, that was the 'Trump Effect' also.

 

Biden went from 38 to 34, a of drop of 4, and about the same drop during Trump 1, so Biden's drop was also the 'Trump effect' ... Got it :coffee1:

 

image.png.0be286146e55cbac81852a84ccc89425.png

On 12/24/2025 at 6:44 PM, mordothailand said:

the strong THB hurts expats in thailand in particular, one has to wonder why they arent complaining ?

or at least vouching for a weaker THB

Keeping me busy doing the math and following the trump policies/actions.

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On 12/24/2025 at 5:55 PM, smedly said:

totally agree, something just stinks............what are they hiding

 

Like I said said before - an easy and reasonably safe way to drop the baht is to print money, whatever the reason they seem reluctant to do, the influence is a powerful one

I have mentioned this before, there are only a few people in LOS pulling the strings, and this is the result, the local population suffers, but they don't give a damn as long as they can grab more for themselves.

On 12/24/2025 at 12:54 PM, CallumWK said:

 

I think the correct phrase would be, the lesser we will get for the same money spent

if ur living here, ujr living with thai baht
so ur getting the same thing u got last year

for tourists and those expats living still off US$  it will of course hit ya

On 12/24/2025 at 10:51 AM, ozz1 said:

Just in time for the high season a bit suss  no manipulation here

 

True, it is as usual down to market forces as the dollar is falling against most major currencies such as the British pound as well, Thailand's economy is too small to affect world currency prices.

 

Plus there are very few American tourists visiting Thailand anyway compared to the total of 30+ million tourists.

On 12/24/2025 at 4:08 PM, flaming dragon said:

 

It's the inverse of Canada's destruction of our currency.  Down 20 percent against the baht since I arrived in September 2022.  Both economies are being gutted; Thailand through expensive exports and Canada through stupid trade policies and money printing.  

hey , it was 25 when i moved here in 85!!!!
48 when i brought land and built our house in 99/2000

its all relative 

2 minutes ago, zzzzz said:

if ur living here, ujr living with thai baht
so ur getting the same thing u got last year

for tourists and those expats living still off US$  it will of course hit ya

 

So if you live here you just pull Thai baht from the trees? You don't need to send money from your home country and exchange it to baht?

43 minutes ago, ikke1959 said:

Major currencies. THB is not a major currency....

I meant apart from the THB.

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3 hours ago, soalbundy said:

It's not so much a strong Baht as a weak dollar, add Thailands large foreign reserves and gold holdings and of course the Baht will rise against the dollar. The dollar has fallen against all major currencies and will continue to do so, QE in the USA hasn't really got started, when it really goes ballistic due to lack of bond sales then the dollar will reach junk status.

although the OP mentions the US$ you don't base a currency against another currency to determine movement you base it on several "major" currencies to determine it's movement and the baht has been strengthening  for a long time against all major currencies - BOT admits this is the case

Reminds me of the Mark Twain quote

"Everybody talks about the weather but nobody does anything about it."

 

It's a mystery to me how currency valuation works but I know I don't like the current trend.

Part of my income is paid in THB so that helps but the greater part is in USD.

I am not happy to see the current trend.

I think most Brit expats except the pound sterling  with Labour in Charge is not going anywhere but  South in the future 

The days of 45-50 baht to the pound are far away

So 40-43 baht  is acceptable

Tourists are not really worried as not staying long and have saved up plus airfares and hotel have probably been already paid for in advance 

22 hours ago, sscc said:

On Dec 24, 2025,  Bangkok Post quoting from Reuter :

US Dollar on course for the worst year since 2003. 

Hate Trump much?  On 31 December 2003 the USD was 0.883383 Euro.  As of today the USD - EURO is 0.886368. 

The Euro is the second most traded currency - after the USD.  The USD goes up and down over the decades - it is a natural thing resulting from many causes. The USD was too high under Biden which badly affected exports and the costs of expensive imports like Oil and Gas/LPG.  

Historical exchange rates - OFX

 

25 minutes ago, zzzzz said:

hey , it was 25 when i moved here in 85!!!!
48 when i brought land and built our house in 99/2000

its all relative 

False analogy. In 1980s the Baht was pegged to the value of the USD. 

The big thing right now has been the Baht increase since 2015 when the Junta took over, has badly affected the economy - particularly exports and tourism.  Many factors, but the most recent one (last 3-4 years) has been the massive increase in the value of gold (Thailand is one of the world's biggest gold traders) and the fact that the BOT/Govt continued to allow the trade to be made in Baht (not USD) and a large amount of the gold trade is unreported (encouraging money laundering?). 

 

3 minutes ago, TroubleandGrumpy said:

The USD was too high under Biden which badly affected exports and the costs of expensive imports like Oil and Gas/LPG.  

 

MAGA maths, right?

 

A strong dollar makes imports cheaper, a cheap dollar makes them expensive

6 minutes ago, smedly said:

although the OP mentions the US$ you don't base a currency against another currency to determine movement you base it on several "major" currencies to determine it's movement and the baht has been strengthening  for a long time against all major currencies - BOT admits this is the case

All major currency countries have huge amounts of government debt and fiscal deficits which they close with even more debt (in the case of America over 1 trillion in interest payments alone, by 2035 it will be 2 trillion) combined with low growth rates. Thailand's high reserve currencies and very large amounts of physical gold makes it seem boringly stable.

On 12/24/2025 at 11:20 AM, smedly said:

"best performing" like it is some kind of regonal challenge they have won, seems more like the continue to shoot themselves in the foot, sitting on their hands won't improve things, this quite frankly sounds like manipulation, still can't figure out who benefits except those wanting to move money out of Thailand, I get the feeling they are hiding something - but what ?

Your not suggesting some kind of under hand manipulation or similar, are you??:biggrin:

On 12/24/2025 at 5:20 AM, smedly said:

"best performing" like it is some kind of regonal challenge they have won, seems more like the continue to shoot themselves in the foot, sitting on their hands won't improve things, this quite frankly sounds like manipulation, still can't figure out who benefits except those wanting to move money out of Thailand, I get the feeling they are hiding something - but what ?

you'll come around and start like getting pegged by the strong THB eventually, its an acquired taste 

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