Which Way Is The Thb Going Against The Usd

[Shah Jahan]

with all this nonsense in BKK, I would think the THB is going to crash?

so what is the deal. any hopes of the THB getting weaker anytime soon?

[hhgz]

Don't hold your breath.

[kaengk]

You would think the baht would get stronger. Less domestic demand, less spending on imports. Increasing exports each of the last seven months. Thailand is sitting on a trade surplus. Plus a 2 billion dollar contribution from Thaksin.

[mrclough]

www.xe.com Now you can see for yourself!

[Pib]

Just over the past few days, the baht has depreciated against the USD by a few tenths of baht. Late last week the TT dollar to baht rate was around 32.2; it's now around 32.4 baht (i.e., you get more baht per dollar). Maybe, maybe we will see some more depreciation, but I'm not holding my breath for too much change...heck, I'll be surprised to no end if the TT rate got back to 33.5 baht/dollar.

[Gambles]

Just over the past few days, the baht has depreciated against the USD by a few tenths of baht. Late last week the TT dollar to baht rate was around 32.2; it's now around 32.4 baht (i.e., you get more baht per dollar). Maybe, maybe we will see some more depreciation, but I'm not holding my breath for too much change...heck, I'll be surprised to no end if the TT rate got back to 33.5 baht/dollar.

Any prolonged deterioration in the political risk here- or any major weakening in the global economy or adverse economic or credit event (e.g. more widespread serious major credit downgrades in Eurozone) would likely spark a Dollar rally that would see 33.5 or higher back in play but ultimately Baht should then form a base to move stronger and, especially if political risks can be resolved, < 30 is perhaps a more realistic longer term target

[Gambles]

Just over the past few days, the baht has depreciated against the USD by a few tenths of baht. Late last week the TT dollar to baht rate was around 32.2; it's now around 32.4 baht (i.e., you get more baht per dollar). Maybe, maybe we will see some more depreciation, but I'm not holding my breath for too much change...heck, I'll be surprised to no end if the TT rate got back to 33.5 baht/dollar.

You could argue that Baht has already crashed in that it seems to be around 5-10% weaker than it might otherwise have been at this stage.

Any prolonged deterioration in the political risk here- or any major weakening in the global economy or adverse economic or credit event (e.g. more widespread serious major credit downgrades in Eurozone) would likely spark a Dollar rally that would see 33.5 or higher back in play but ultimately Baht should then form a base to move stronger and, especially if political risks can be resolved, < 30 is perhaps a more realistic longer term target

[Gary A]

The problem with the Euro;

"The trouble with Socialism is that eventually you run out of other people's money" — Margaret Thatcher

The USA under the Obama regime will eventually turn socialist. The failed European plan seems to be a guideline for him. Considering the reaction of the people, he had better come up with a new plan.

Thailand's baht will remain strong as long as they shun failed socialist pie in the sky plans. Don't hold your breath waiting for the baht to have any significant drop.