The GBP seems to have declined again, against the Baht, and this seems to be because it has also declined against the USD, again. Out of interest I took a look at how the USD / Baht rate had been moving and came up with this chart from Oanda.

It's interesting to see that the fluctuations in the rate are quite regular, for the most part, and the major dips in the rate seem to occur every 7 days. This surely indicates that the Baht is being manipulated, as we have suspected for a long time.

Now, I'm no economist - didn't even take economics 101 - so this may come as no surprise to those of you that are. I just present the chart here for interest and to maybe stimulate some discussion.

DM

Need to manipulate the baht some more too strong.

Interesting graph. It appears that the 'dips' occur over weekends. Please note that these 'dips' mean that the Baht is stronger at these times. Due to the time difference, The Thai Baht is still being traded in the USA on Friday, when in Thailand all is already closed for the weekend. On Monday, the Thai Baht gets traded in Thailand, when US and European markets are still closed. So it appears that just before closing on Friday, investors in Europe and the USA buy Thai Baht, making the Thai Baht stronger, which is corrected by investors or Thai government selling Thai Baht on Monday morning, weakening the Thai Baht to be back at its pre-weekend value. This could be a natural phenomenon as something similar but opposite is occuring daily in EUR/USD trading. When markets open in the Europe, more US money will flow into Europe as traders cannot trade in the US yet, thus raising the value of the Euro slightly. The opposite happens at the end of the tradingday when markets in Europe are closed and the US is still open. Then quite a lot of money flows back into the US, raising the USD value slightly. Dn;t know what conclusion to make from it though, regarding the Thai Baht...

:rolleyes:I am new to Forex trading - - so my question to the experts:

does anyone use this discovery to have a steady budget increase in the LOS?

Any information welcome....

:rolleyes:I am new to Forex trading - - so my question to the experts:

does anyone use this discovery to have a steady budget increase in the LOS?

Any information welcome....

"It's interesting to see that the fluctuations in the rate are quite regular, for the most part, and the major dips in the rate seem to occur every 7 days. This surely indicates that the Baht is being manipulated, as we have suspected for a long time."

"we" did not "suspect" any "manipulation" but "we" knew since quite some time that the BoT is actively intervening in the forex market each and every day to keep the Baht from appreciating too fast and too much. without that intervention we might have seen USD/THB @ 27.50 and EUR/THB @ 32 already.