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US Invasion of Venezuela Shock Lends Strength to Thai Baht

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The Thai baht is experiencing a strong rally this week, trading between 31.00 to 31.85 to the US dollar. This strength comes amidst a surge in global gold prices, prompted by the US invasion of Venezuela. The move has created a ripple effect in markets, attracting capital inflows to Thailand’s bond sector.

Kanjana Chockpisansin of Kasikorn Research Center notes that by midday, foreign purchases of Thai bonds reached 1.4 billion baht. The Stock Exchange of Thailand has also seen increased foreign interest, with the index rising 1.8% to 1,282 points. "The gold price surge, influenced by US military operations in Venezuela, boosted the baht from 31.55 to 31.30 against the dollar," she said.

According to K-Research, the baht's appreciation pressure remains high, as expectations grow for a potential interest rate cut by the US Federal Reserve. The Fed's projections hint at a rate cut in 2026, with market consensus anticipating up to two reductions. Kasikornbank speculates there might even be three rate cuts, possibly pushing the baht to 30 per dollar later this year.

Poon Panitchpibun from Krungthai Global Markets predicts heightened volatility in money markets amid geopolitical risks tied to the US invasion. This week, KTB projects the baht to trade between 31.15-31.85 per dollar. Since late December, the baht has faced volatility, impacted by fluctuating gold prices and geopolitical tensions.

These developments, especially concerning US-Venezuela ties, could influence the US dollar and global commodity prices, including gold and oil. "Geopolitical risks, following the US move in Venezuela, may remain high, particularly affecting oil prices if the US increases its influence over Venezuela's political and oil sectors," Mr Poon added, reported the Bangkok Post.

Key Takeaways:

  • The Thai baht rallies on rising global gold prices amid US-Venezuelan tensions.

  • Foreign purchases hit 1.4 billion baht as Thailand's SET index grows 1.8%.

  • Expectation of US Fed rate cuts may lead to further baht strengthening.

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Adapted by ASEAN Now from Bangkok Post 2026-01-06

 

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  • ikke1959
    ikke1959

    Every thing in the world is good for the strength of the THB.... even bad economic news of Thailand or other news. Nothing can weaken the THB, with a result that Thailand is proud to have the best per

  • redwood1
    redwood1

    Anything that happens in the world is good for the baht... War. peace. earthquakes, tourist,no tourist, debt, economy up. economy down... Stocks up, Stocks down..Gold up Gold down....... The baht lo

  • BritManToo
    BritManToo

    I would actually say the USA is the one country trying to drive back the NWO and restore the rights of normal white people in the western world, essentially the last hope of stopping our race from bei

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Every thing in the world is good for the strength of the THB.... even bad economic news of Thailand or other news. Nothing can weaken the THB, with a result that Thailand is proud to have the best performing currency, but it will get the worst performing economy and more poverty will follow

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Who believes this propaganda?

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22 hours ago, ikke1959 said:

Every thing in the world is good for the strength of the THB.... even bad economic news of Thailand or other news. Nothing can weaken the THB, with a result that Thailand is proud to have the best performing currency, but it will get the worst performing economy and more poverty will follow

22 hours ago, ikke1959 said:

Every thing in the world is good for the strength of the THB.... even bad economic news of Thailand or other news. Nothing can weaken the THB, with a result that Thailand is proud to have the best performing currency, but it will get the worst performing economy and more poverty will follow


Sadly spot on and true. Lets see the forecast of tourism for 2026; I still hope to see a three digit increase over the fact, that Thailand is shoulder rubbing with equally expensive destinations except that the latter have much easier visa criteria and much more to offer. But Thais know everything and is their country so lean back and enjoy the ride while it lasts.

... except that Gold is falling strongly this morning. Here's hoping...

  • Popular Post

Anything that happens in the world is good for the baht...

War. peace. earthquakes, tourist,no tourist, debt, economy up. economy down... Stocks up, Stocks down..Gold up Gold down.......

The baht loves it all and gets stronger...

The picture above shows all the thieves with their

criminal exchange rates.

28 minutes ago, BritManToo said:

Can't see any change!

Same as it was last month.

31.2 baht to the dollar today on WISE app.

42 minutes ago, BritManToo said:

Can't see any change!

Same as it was last month.

Yes and that means the gains against the EUR from year end (37.3) are evaporated back to 36.5 🫣

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7 minutes ago, BritManToo said:

Which did you hate more Prayut or Trump?

And did you hate Mandero ..... who actually killed his own citizens?

And if not, why not?

Shouldn't we expect more from USA and Trump than any other dictators? Or we just used to the idea, USA going downhill with all their ideals and ideas of democracy?

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9 minutes ago, Hummin said:

Shouldn't we expect more from USA and Trump than any other dictators? Or we just used to the idea, USA going downhill with all their ideals and ideas of democracy?

I would actually say the USA is the one country trying to drive back the NWO and restore the rights of normal white people in the western world, essentially the last hope of stopping our race from being removed from the world.

Without white people there will be no democracy in the world.

Just point to one non-white country that has any democracy (apart from Japan)?

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My prognosis for the USD is dire. Trump's jawboning and interference with the Fed's independence and attempts to lower interest rates even in the face of sticky inflation will have the unintended consequence of driving the USD lower. This, in turn, will drive the cost of imported goods into the US up, further fueling inflation, which if the Fed refuses to respond to, will further erode the purchasing power of the dollar, making the dollar very costly for foreigners to hold. Sovereign central banks have been reducing their dollar holdings for almost a decade now, and the trend appears to be accelerating, especially with Trump's return to the White House.

With the "Winds of War" march toward a decoupled world with three spheres of influence (USA, Russia, China) and the erection of tariff walls, there will be less and less of an incentive for these blocks to invest or trade with one another, which will further weaken the dollar. I saw an interview this morning by an EU minister who pointed out that if Trump attempts to annex Greenland, the ace the EU has up its sleeve is stopping the purchase of US military hardware which account for 60% of EU defense expenditures.

With the way Trump is treating the world from Latin America ("Columbia's president better watch his ass", "we're gonna topple Cuba", maybe take military action in Mexico); to the EU (election interference in support of right-wing parties, tariffs, threats to annex Greenland, lack of NATO support, etc.) and Trump's racial biases in full evidence in how he is enacting immigration and humanitarian aid, how can there not be a whiplash boycott of American goods and services, worldwide? Of course, damaging the dollar further.

And perhaps Trump's plan is to destabilize the dollar, so that it can be replaced with a crypto-currency as the "reserve currency", which, how conveniently, Trump has heavily invested in.

3 minutes ago, BritManToo said:

Expanding my genetic survival strategy.

While the white race may be gone, my Germanic (North west European) genetics will live on in Asia.

If that matters,

5 minutes ago, BritManToo said:

Expanding my genetic survival strategy.

While the white race may be gone, my Germanic (North west European) genetics will live on in Asia.

It could be a good move, because the average intelligence in the western world have been taking a dramatic toll. This forum no exception!

Lack of history and consequence evaluation

prompted by the US invasion of Venezuela.

What invasion... did I miss something?

The dollar will always be a volatile currency as long as the idiot in the whitehouse keeps playing out his fantasises in the alternative reality in which he lives.

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4 hours ago, redwood1 said:

Anything that happens in the world is good for the baht...

War. peace. earthquakes, tourist,no tourist, debt, economy up. economy down... Stocks up, Stocks down..Gold up Gold down.......

The baht loves it all and gets stronger...

They always find a way to manipulate the baht.Nobody believe this bs anymore.

On 1/6/2026 at 9:35 AM, webfact said:

The move has created a ripple effect in markets, attracting capital inflows to Thailand’s bond sector.

Ok, I'll bite - as US interest rates are and have been falling a little but nowhere near as low as the Thai interest rate what's the deal on these Thai Bonds which must have a huge ROI to attract so much capital into the country?

Anyone got any pointers here?

4 hours ago, JamesPhuket10 said:

31.2 baht to the dollar today on WISE app.

I haven't used my Amazon Chase credit card for purchase made here in Thailand yet, but when I check the exchange rates online and that there is no fees, it actually seems like they are slightly beating WISE. I may try a medium size purchase to check this, but if so, I may start just using the Amazon Credit Card instead of WISE, and the credit card comes with I think 1% points back.

5 hours ago, BritManToo said:

I would actually say the USA is the one country trying to drive back the NWO and restore the rights of normal white people in the western world, essentially the last hope of stopping our race from being removed from the world.

Without white people there will be no democracy in the world.

Just point to one non-white country that has any democracy (apart from Japan)?

“normal white people”!!!!???

9 hours ago, BritManToo said:

Expanding my genetic survival strategy.

While the white race may be gone, my Germanic (North west European) genetics will live on in Asia.

Actually your genetics come from Africa.

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Just now, BusyB said:

Actually your genetics come from Africa.

New studies say that's all woke bs.

https://www.earth.com/news/fossil-discovery-anadoluvius-turkae-suggests-humans-originated-in-europe-not-africa/

4 hours ago, Red Forever said:

“normal white people”!!!!???

Frankly I'm amazed that posts like that stand, whilst 'posts with nicknames etc. get deleted.

Just now, BritManToo said:

New studies say that's all bs.

I'd rather your genetics got lost with this level of understanding. 'Studies'

Jesus wept.

Science says otherwise. Still.

Invasion of Venezuela, they removed a Tyrant, its more of a weaker USD, at the moment

12 hours ago, BusyB said:

I'd rather your genetics got lost with this level of understanding. 'Studies'

Jesus wept.

Science says otherwise. Still.

Jesus was a white guy white blond hair and blue eyes

On 1/7/2026 at 8:45 AM, Sydebolle said:


Sadly spot on and true. Lets see the forecast of tourism for 2026; I still hope to see a three digit increase over the fact, that Thailand is shoulder rubbing with equally expensive destinations except that the latter have much easier visa criteria and much more to offer. But Thais know everything and is their country so lean back and enjoy the ride while it lasts.

Agreed with your comment

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