Any Reason For Stronger Us $ Vs Baht

[ThePunPun]

Anyone notice the stronger US $ v the Baht.

Anyone have a particular reason other than game playing by the money boys?

[NancyL]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

[jonwilly]

Euro, Sterling & Yankee $ all in bad shape but Money Folks think $ will last the course better.

Euro was a con from Day one, the damage done to Sterling by socialist government will take years, donkeys years to sort out probably need more QE but the US should get a grip.

They normally do.

john

[moe666]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

[Tywais]

Moving to Business section where the bean counters are.

[Naam]

Moving to Business section where the bean counters are.

that's coal to New Castle or beer to Munich

[muratremix]

Any answer to the real question? Rate is going up, which is good for me but then I wonder when it will stabilize? If I exchange USD from a rate like 30.50 and then 2 weeks later if rate become 31.00 I will feel like a dumbass. For small amount of money, it doesn't matter but imagine you buy a condo / house and transfer some hefty amount of USD from offshore!

[james24]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

That is the worst peice of advice Ive heard in a long time

As for when to change there's a whole lot ot consider. Look it up mate, thats the only way

Edited September 20, 2011 by james24

[flying]

Any answer to the real question? Rate is going up, which is good for me but then I wonder when it will stabilize? If I exchange USD from a rate like 30.50 and then 2 weeks later if rate become 31.00 I will feel like a dumbass. For small amount of money, it doesn't matter but imagine you buy a condo / house and transfer some hefty amount of USD from offshore!

Elementary my dear Watson

As for what comes in 2 weeks or how you feel is anyone's guess.

Do realize there is a FOMC meeting this week so the USD being pushed higher & its resulting exchange rates could be temporary.

The long term trend for the USD is still down

Be happy you have the +30 while it lasts

PS: gold is on sale right now

Edited September 20, 2011 by flying

[Swiss1960]

Any answer to the real question? Rate is going up, which is good for me but then I wonder when it will stabilize? If I exchange USD from a rate like 30.50 and then 2 weeks later if rate become 31.00 I will feel like a dumbass. For small amount of money, it doesn't matter but imagine you buy a condo / house and transfer some hefty amount of USD from offshore!

Well, there are many reasons (economy, trade with US etc.), but I guess - from the analysis I see within our bank - that a majority of FX dealers go out of the Euro and are looking for another safe currency. And since it looks like the US currently does not to bancrupt (unlike in July where the $ dropped to an early low), $ is back on the table for buy...

It was nice to have Swiss Francs to exchange in July / August, before our National bank decided to put a lower limit of Swiss Franc 1.20 to the Euro... Exchange rate dropped from 41 to 34, as FX investments into Swiss Francs got less lucrative...

[LJW]

Any answer to the real question? Rate is going up, which is good for me but then I wonder when it will stabilize? If I exchange USD from a rate like 30.50 and then 2 weeks later if rate become 31.00 I will feel like a dumbass. For small amount of money, it doesn't matter but imagine you buy a condo / house and transfer some hefty amount of USD from offshore!

I remember when the rate was 45 baht to the dollar... Not long ago. My impression is that the rates are based on politics, ie, it was 45 when Thaksin was around, and immediately dropped once he was gone. And when General Prem had power, gas was 10 baht for many years, and the baht was 25 to the dollar

[midas]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

yes when I was talking to the pixies at the bottom of my garden they told me all it will take

is a few sprinkles of Stardust

Edited September 20, 2011 by midas

[Naam]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

yes when I was talking to the pixies at the bottom of my garden they told me all it will take is a few sprinkles of Stardust

my dogs agree. their arguments are that Iraqi oil and Afghani heroin will pay for the lion share of U.S. debt. and once the U.S. Marine Corps invades Iran and confiscates all Iranian oil wells they (my dogs) estimate the result being a financial surplus which will compensate for the aid given to the 51st state as well as putting another million (or more) on food stamps.

[chiang mai]

Not strictly related but I've seen two recent forecasts calling for USD/GBP to go in a similar direction and so far it's quite close, will be interested to see if people think this is a series of WAG's or something else.

0 Aug 2011 1.635

1 Sep 2011 1.566

2 Oct 2011 1.545

3 Nov 2011 1.511

4 Dec 2011 1.451

5 Jan 2012 1.373

6 Feb 2012 1.358

7 Mar 2012 1.360

8 Apr 2012 1.366

[joker7]

Where you see these farecasts Chamg Mai id be interested to note as I have two mortgages back in the UK and earn $US.

[Sparkles]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

Love your positive attitude but the reality is America is a nation in decline and once you are rolling forward its very hard to get into reverse gear. Thank GWB for his knee jerk reaction in invading another country and creating trillions of $'s debt and Republicans stonewalling any efforts the current administration tries to implement . 9.1% unemployment and the US produces very little the rest of the world wants. Poverty is rising and thousands of people have lost their jobs and houses. Is there any good news ? please tell us.And if anyone watched the Tea Party's, meet the Republican candidates for leader on CNN, you would be still cringing. If you wonder why the population of US expats in CM is increasing see above.

[JamesSwan]

When i move to "LOS",i was getting around 33/35 per US Dollar.....That was like 6 million THB ago....The math really sucks for me....I also got killed when the market went south,and had to send money & my butt back to the states to fix my "Retirement Acct/Brokerage"...barrow/margin funds to buy the "Cheap stocks" @ their lows....that worked great for about 1 year.....LOL!I am now a "LOT" less well off!..I feel somewhat grateful to only be losing money on the exchange rate...LOL!

[el jefe]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

Love your positive attitude but the reality is America is a nation in decline and once you are rolling forward its very hard to get into reverse gear. Thank GWB for his knee jerk reaction in invading another country and creating trillions of $'s debt and Republicans stonewalling any efforts the current administration tries to implement . 9.1% unemployment and the US produces very little the rest of the world wants. Poverty is rising and thousands of people have lost their jobs and houses. Is there any good news ? please tell us.And if anyone watched the Tea Party's, meet the Republican candidates for leader on CNN, you would be still cringing. If you wonder why the population of US expats in CM is increasing see above.

Americans are all fleeing to CM? How does running away from the problems help to solve them? They're still paying taxes and subject to fluctuations in the dollar?

And when does Bush blaming end? Yes, his administration is responsible for the invasion of Iraq, as overwhelmingly approved by Congress and the American people. Obama has quadrupled the number of troops in Afghanistan and there are now still as many troops in Iraqistan as when Obama took office. And I'm curious, since we've sent drones and bombed Pakistan, Somalia, Sudan and Libya only in the past two years, how are you going to blame bush for that?

The majority of Americans, fortunately, don't share your opinion. There was recently a special election to replace a Congressman in a district of NYC where Democrats outnumber Republicans by a 3-1 ratio. The Republican won with 55% of the vote.

Finally, Sparkles, how does any of this relate to the rising dollar?

[12DrinkMore]

Not strictly related but I've seen two recent forecasts calling for USD/GBP to go in a similar direction and so far it's quite close, will be interested to see if people think this is a series of WAG's or something else.

0 Aug 2011 1.635

1 Sep 2011 1.566

2 Oct 2011 1.545

3 Nov 2011 1.511

4 Dec 2011 1.451

5 Jan 2012 1.373

6 Feb 2012 1.358

7 Mar 2012 1.360

8 Apr 2012 1.366

Long term currency forecasts are a waste of time.

But to play a little with the numbers and relate it to Thailand,

If the USD drops to THB 27, a forecast made by a Thai economist which does not seem unreasonable, then that would put the GBP at around THB 36 in two years.

I have been and still am fairly convinced that rates will sink back to somewhere around where they were before the Asian financial mess, USD at 25 and GBP at 40. Although apart from the conviction that Asia is the place to invest and that the western world has dug itself into a massive hole of unrepayable debt, where the rates end up is like trying to make patterns out of the tea leaves at the bottom of my daily cuppa.

[NancyL]

Oh where am I? I feel like Alice in Wonderland. Normally I just hang out at the CM forum, and maybe the ladies forum if it's a slow day in CM. I figured the mods would move this inquiry to some forum dedicated to those in the expat community who love to argue about economic policy (and maybe politics). I wasn't disappointed.

So, now that I'm here. Do any of you (I'm tempted to say idiots but won't) have anything more substantial to cite as as source for your info besides the vague references I used to Int'l Herald Tribune articles that I mentioned. In other words, do you have any data or opinion from someone with some creditability?

In other words, guys, show me why I need to continue to hang around on this forum or I'm going elsewhere for my economic and financial info.

Edited September 20, 2011 by NancyL

[PCA]

Oh where am I? I feel like Alice in Wonderland. Normally I just hang out at the CM forum, and maybe the ladies forum if it's a slow day in CM. I figured the mods would move this inquiry to some forum dedicated to those in the expat community who love to argue about economic policy (and maybe politics). I wasn't disappointed.

So, now that I'm here. Do any of you (I'm tempted to say idiots but won't) have anything more substantial to cite as as source for your info besides the vague references I used to Int'l Herald Tribune articles that I mentioned. In other words, do you have any data or opinion from someone with some creditability?

In other words, guys, show me why I need to continue to hang around on this forum or I'm going elsewhere for my economic and financial info.

lady what would you like to know and what do you have to offer in reverse? I know it shouldd't get intimate on the first date but feel free to PM me

[flying]

Oh where am I? I feel like Alice in Wonderland. Normally I just hang out at the CM forum, and maybe the ladies forum if it's a slow day in CM. I figured the mods would move this inquiry to some forum dedicated to those in the expat community who love to argue about economic policy (and maybe politics). I wasn't disappointed.

So, now that I'm here. Do any of you (I'm tempted to say idiots but won't) have anything more substantial to cite as as source for your info besides the vague references I used to Int'l Herald Tribune articles that I mentioned. In other words, do you have any data or opinion from someone with some creditability?

In other words, guys, show me why I need to continue to hang around on this forum or I'm going elsewhere for my economic and financial info.

Dear Nancy,

How will you win any new friends/idiots with opening lines such as you posted?

Whether you go or stay is of course your choice. But if you go in search of your *economical & financial info*

I doubt you will find any better answers to the original question than what you already found here.

If one of your other sources can state emphatically the reason that last week the dollar was stronger & where it will be in the next two weeks .....well they have a mighty powerful crystal ball & could make you the next Warren Buffett

As for a source of information perhaps look at your home currency chart & see what is the trend.

What would be a better source than that?

If the trend is short term up then you may likely expect a continued short term rise in your exchange rate.

If the trend is long term down with little blips up then you see the likely long term trend.

If your home currency is like mine the USD..... What do you see in the USA?

Are things getting better or worse? That may give you the longer/crystal ball view....

Good luck Nancy

[Naam]

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

i bet this is not a quote from the International Herald Tribune although... one never knows what rubbish or naïve assumptions journàsslists might present.

[joker7]

Do any of you (I'm tempted to say idiots but won't)......

eh I thought you just said we were a bunch of idiots.

Id love this line Nancy classic. lol. Pathetic it is but made me laugh.

The Thai Baht is increasing in strength against the dollar as Europe is stealing more of the headlines at being flushed down the toilet before the US.

So US dollar strengthens against the Euro and other worldwide currencies.

Is fairly simple really.

[ralphlsasser]

I imagine they're discussing this on other TV forums -- the ones related to money, finance and business.

I've read several articles about this in the International Herald Tribune in the past week. My summary might not be precise, but this is what this non-economist got out of the articles: Basically, on Thursday, some European regulators loosened the rules on either how much and/or how long European banks can borrow U.S.D. I think some American regulators have also had a hand in this, too. Apparently, the European banks normally buy European gov't debts, but there is a lot of concern about certain European gov'ts defaulting on those debts and banks are interested in reducing their holdings of European debt. This rule change has created an increased demand for USD in world financial markets.

As an American, we're delighted, but also a little scared. Given the state of the American economy, the world is in pretty sad shape if everyone feels that American dollars are the best thing around.

O please the US is still a very safe currency to put your money. If it is so bad what would you suggest the chinese rimbe or the Indian rupee these to countries may be doing well but they are still light weights when it comes to the US market. Yes we have a few problems with debt but it will be sorted out and everyone will wonder what the big deal was all about. I think right now all of the hype, moaning and growning is more about politics and the fear the repukians are trying to create problems for Obama instead of solving them.

Also I think the weaker baht is a reflection of the finicial policies of the ptp and there growing spending spree especially the spending to come especially the rice program

Love your positive attitude but the reality is America is a nation in decline and once you are rolling forward its very hard to get into reverse gear. Thank GWB for his knee jerk reaction in invading another country and creating trillions of $'s debt and Republicans stonewalling any efforts the current administration tries to implement . 9.1% unemployment and the US produces very little the rest of the world wants. Poverty is rising and thousands of people have lost their jobs and houses. Is there any good news ? please tell us.And if anyone watched the Tea Party's, meet the Republican candidates for leader on CNN, you would be still cringing. If you wonder why the population of US expats in CM is increasing see above.

You're obviously a damnacrat. GWB hasn't raised the debt in 8 years nearly as much as Obmammy has done in 2. GWB was for saving the US while Obmammy is for destroying it. He's doing a good job at TRYING to destroy the US, but ge'll be stopped by people voting in 2012.

Edited September 20, 2011 by ralphlsasser

[chiang mai]

Where you see these farecasts Chamg Mai id be interested to note as I have two mortgages back in the UK and earn $US.

The individual numbers are, as 12Drinkmore suggests, pretty meaningless and undoubtedly incorrect, the question is whether the direction and implied trend is correct.

[pomchop]

January 1998 would have been a very good time to convert usd to thai baht:

January

52.9825 THB (20 days average)

[ralphlsasser]

Abhisit told a reporter before the election when ask if the exchange rate would change, he answered, "I'm going to keep it around 30%". Was that the typical Abhisit lie? Or does he actually do not have any control over the exchange rate? So many lies have been on both sides it's hard to keep up with.

Edited September 21, 2011 by ralphlsasser

[TongueThaied]

in other news this week, workers in Jiangyin, China, unveiled a 24K solid gold bull weighing one tonne.

[givenall]

Any answer to the real question? Rate is going up, which is good for me but then I wonder when it will stabilize? If I exchange USD from a rate like 30.50 and then 2 weeks later if rate become 31.00 I will feel like a dumbass. For small amount of money, it doesn't matter but imagine you buy a condo / house and transfer some hefty amount of USD from offshore!

Well buying a condo now and here will be a double whammy. Youpay a lot and can’t even sell when you want.

My advice to anyone wanting to buy a condo here is DO NOT. Thereare much better way to lose your money and have fun too