webfact Posted March 22, 2012 Share Posted March 22, 2012 CURRENCY Thai baht on upward trend The Nation BANGKOK: -- Thai baht could strengthen upto 29.50 per US dollar thanks to the capital inflows, which have amounted to nearly Bt180 billion so far this year, said Kasikorn Research Centre. Yet, lingering concerns on the global economy mainly the eurozone debt crisis as well as oil spikes which would pressure Thailand’s current account surplus, the baht would be weakened. The economic house expected the baht to move in the range of 29.50-32.50 per dollar this year. The baht has past the lowest level and now it is heading up, said Wiwan Tharahirunchote, executive chairman. The level would depend largely on inflows and outflows, she added. According to the research centre, while net inflows to the stock exchange so far this year have amounted to Bt74 billion, inflows to the Thai bond market are as high as Bt100 billion. In the near term, this is not expected to encourage the Bank of Thailand to raise the policy rate in the next 3-6 months. Still, should global risks heighten and oil prices further increase, the central bank may raise the policy rate in the last quarter. The house expected inflation to average 3.9 per cent this year, while the economy should expand at 5 per cent. Pimolwan Mahajchariyawong, assistant vice president, Kasikorn Research Centre, said that inflation could spike to 4 per cent in the latter half due to oil prices and higher wage, from 3.5 per cent in the first half. While saying that the eurozone debt crisis is not yet over and will further pressure the global economy and Thailand, which should witness greater volatility in stock markets and exchange rates, Pimolwan did not expect the conflict in the Middle East to develop into to a full war. She said that as the US is holding the presidential election, all wars should be avoided. In this situation, though Saudi Arabia is raising output, if the conflict is prolonged, average oil price this year could rise 84 per cent from 2011 to US$195 per barrel. -- The Nation 2012-03-22 Link to comment Share on other sites More sharing options...
Popular Post Huayrat Posted March 22, 2012 Popular Post Share Posted March 22, 2012 Do not believe this for one second 3 Link to comment Share on other sites More sharing options...
Popular Post Pib Posted March 22, 2012 Popular Post Share Posted March 22, 2012 I just used a highly sophisticated analysis tool on this article's baht projection to determine if it's true or false. That is, I flipped a coin...heads its true; tails its false. The coin came up heads. I then wanted to reconfirm this analysis by flipping again. It came up tails. But you know what, I figure my coin flipping analysis tool is as good as any other FX projection (guess). 5 Link to comment Share on other sites More sharing options...
givenall Posted March 22, 2012 Share Posted March 22, 2012 Do not believe this for one second Not from where i see. all Exchanges are still about the same today in MBK was 30.45 Bth per $. Beside i have no faith in the people in charge of economy in Thailand 1 Link to comment Share on other sites More sharing options...
Popular Post Tafia Posted March 22, 2012 Popular Post Share Posted March 22, 2012 Do not believe this for one second Not from where i see. all Exchanges are still about the same today in MBK was 30.45 Bth per $. Beside i have no faith in the people in charge of economy in Thailand I have no faith in the people in charge of the economy ANYWHERE!! 5 Link to comment Share on other sites More sharing options...
12DrinkMore Posted March 22, 2012 Share Posted March 22, 2012 Do not believe this for one second I believe they are making a forecast. Link to comment Share on other sites More sharing options...
Slaps Posted March 22, 2012 Share Posted March 22, 2012 Do not believe this for one second Not from where i see. all Exchanges are still about the same today in MBK was 30.45 Bth per $. Beside i have no faith in the people in charge of economy in Thailand I have no faith in the people in charge of the economy ANYWHERE!! In a nut shell . Link to comment Share on other sites More sharing options...
kropotkin Posted March 22, 2012 Share Posted March 22, 2012 Do not believe this for one second I believe they are making a forecast. So? Do you want to know my forecast for your lucky numbers? Send me money. Now. Offer expiring soon. Link to comment Share on other sites More sharing options...
Naam Posted March 22, 2012 Share Posted March 22, 2012 Do not believe this for one second I believe they are making a forecast. a diffcult forecast because it refers to the future! Link to comment Share on other sites More sharing options...
thenervoussurgeon Posted March 23, 2012 Share Posted March 23, 2012 Well they get it right every time ,and they will again ,he said it could go up or down Link to comment Share on other sites More sharing options...
samran Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second Not from where i see. all Exchanges are still about the same today in MBK was 30.45 Bth per $. Beside i have no faith in the people in charge of economy in Thailand I have no faith in the people in charge of the economy ANYWHERE!! fortunately for you, they don't control the currency markets. Link to comment Share on other sites More sharing options...
bendix Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second What don't you believe? The pure facts that record inflows of foreign capital have boosted the Thai stock exchange, or its causal link on the value of the Baht? Or don't you believe the projection that the baht will continue to strengthen? Like it or not, a strong baht is hear to stay for many many many years to come and there is a very simple reason for that. Global capital flows are moving from the west to the east. End of discussion. Link to comment Share on other sites More sharing options...
bendix Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second Not from where i see. all Exchanges are still about the same today in MBK was 30.45 Bth per $. Beside i have no faith in the people in charge of economy in Thailand I have no faith in the people in charge of the economy ANYWHERE!! fortunately for you, they don't control the currency markets. Sadly, samran, there are plenty of people on here who resentfully cling to the view that the high Baht is a being controlled by Machiavellian forces in the Thai government. Link to comment Share on other sites More sharing options...
samran Posted March 23, 2012 Share Posted March 23, 2012 Sadly, samran, there are plenty of people on here who resentfully cling to the view that the high Baht is a being controlled by Machiavellian forces in the Thai government. I think they wear tin-foil hats as well. Link to comment Share on other sites More sharing options...
phomsanuk Posted March 23, 2012 Share Posted March 23, 2012 Not if the Chinese economy dives on the other hand $$$$ that would go there could come here. Don't forget the ASEAN marriage is around the corner. Finally if a certain past PM would disappear there's no end to how strong the Thai baht and economy could be. The Thai are nothing if not resilient. Link to comment Share on other sites More sharing options...
Naam Posted March 23, 2012 Share Posted March 23, 2012 Sadly, samran, there are plenty of people on here who resentfully cling to the view that the high Baht is a being controlled by Machiavellian forces in the Thai government. I think they wear tin-foil hats as well. do both of you insist the strength of the Baht is not a conspiracy based on xenophobia aimed at Farangs? 1 Link to comment Share on other sites More sharing options...
Naam Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second What don't you believe? The pure facts that record inflows of foreign capital have boosted the Thai stock exchange, or its causal link on the value of the Baht? Or don't you believe the projection that the baht will continue to strengthen? Like it or not, a strong baht is hear to stay for many many many years to come and there is a very simple reason for that. Global capital flows are moving from the west to the east. End of discussion. let's tar and feather Bendix and then crucify him! Link to comment Share on other sites More sharing options...
samran Posted March 23, 2012 Share Posted March 23, 2012 Sadly, samran, there are plenty of people on here who resentfully cling to the view that the high Baht is a being controlled by Machiavellian forces in the Thai government. I think they wear tin-foil hats as well. do both of you insist the strength of the Baht is not a conspiracy based on xenophobia aimed at Farangs? Of course it is. I mean, those central bankers (remember, they are all 'Thai Chinese' - the smart ones) who are deliberately ramping up the value of the baht from 2000 baht to the pound in 1997 to current levels so that those well meaning, good natured Englanders can't live on their GBP80/week pension payment in Thailand. Add to that the usual double pricing, 'ripping off' of tourists and all sorts of scams pulled off by their so called 'issan' girlfriends (remember, they are Thai Chinese too, dressed up as poor farm girls taking one - but often many - for the team) and you have clear evidence of a drive to implement what really is a Siamese version of Lebensraum. Link to comment Share on other sites More sharing options...
Naam Posted March 23, 2012 Share Posted March 23, 2012 Sadly, samran, there are plenty of people on here who resentfully cling to the view that the high Baht is a being controlled by Machiavellian forces in the Thai government. I think they wear tin-foil hats as well. do both of you insist the strength of the Baht is not a conspiracy based on xenophobia aimed at Farangs? Of course it is. I mean, those central bankers (remember, they are all 'Thai Chinese' - the smart ones) who are deliberately ramping up the value of the baht from 2000 baht to the pound in 1997 to current levels so that those well meaning, good natured Englanders can't live on their GBP80/week pension payment in Thailand. Add to that the usual double pricing, 'ripping off' of tourists and all sorts of scams pulled off by their so called 'issan' girlfriends (remember, they are Thai Chinese too, dressed up as poor farm girls taking one - but often many - for the team) and you have clear evidence of a drive to implement what really is a Siamese version of Lebensraum. i think there's more to it and Thais are blamed for anything negative that happens just because they are around, available and much more clever than Farangs. if Farangs were clever they'd realise that the decade old buffalo sickness is not an invention of bar girls but a reality caused by aliens, most probably Ferengis who skim Farang cash to increase their profits. we Klingons know that Feringis are without honour! only a few days ago, when i had my daily 9 bottles of Singha in Soi 6, i tried to present my case and (unfortunately only circumstancial) evidence to a bunch of Farangs who refused to listen and made me very angry. but i admit my judgment might have been flawed and i should have been more lenient. obviously they did not understand whatever i presented because their command of English was rather limited... they must have been Brits Link to comment Share on other sites More sharing options...
Huayrat Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second What don't you believe? The pure facts that record inflows of foreign capital have boosted the Thai stock exchange, or its causal link on the value of the Baht? Or don't you believe the projection that the baht will continue to strengthen? Like it or not, a strong baht is hear to stay for many many many years to come and there is a very simple reason for that. Global capital flows are moving from the west to the east. End of discussion. kiss it Link to comment Share on other sites More sharing options...
jacnl2000 Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second Title of this article is rather short: an upward trend relative to what ? The American Dollar ? Fact is that last few days the Thai Baht went down rapidly, that is almost 2 % down, when accurately compared to the Euro. Link to comment Share on other sites More sharing options...
harrry Posted March 23, 2012 Share Posted March 23, 2012 let's tar and feather Bendix and then crucify him! Remember he comes from the southern hemisphere...must be head down. Link to comment Share on other sites More sharing options...
inthepink Posted March 23, 2012 Share Posted March 23, 2012 only a few days ago, when i had my daily 9 bottles of Singha in Soi 6, i tried to present my case and (unfortunately only circumstancial) evidence to a bunch of Farangs who refused to listen and made me very angry. but i admit my judgment might have been flawed and i should have been more lenient. obviously they did not understand whatever i presented because their command of English was rather limited... they must have been Brits Only 9 bottles. I'm sorry, but I'm not prepared to take financial advice from a girl. 1 Link to comment Share on other sites More sharing options...
samran Posted March 23, 2012 Share Posted March 23, 2012 Do not believe this for one second What don't you believe? The pure facts that record inflows of foreign capital have boosted the Thai stock exchange, or its causal link on the value of the Baht? Or don't you believe the projection that the baht will continue to strengthen? Like it or not, a strong baht is hear to stay for many many many years to come and there is a very simple reason for that. Global capital flows are moving from the west to the east. End of discussion. kiss it kiss it real good? Link to comment Share on other sites More sharing options...
samran Posted March 23, 2012 Share Posted March 23, 2012 i think there's more to it and Thais are blamed for anything negative that happens just because they are around, available and much more clever than Farangs. if Farangs were clever they'd realise that the decade old buffalo sickness is not an invention of bar girls but a reality caused by aliens, most probably Ferengis who skim Farang cash to increase their profits. we Klingons know that Feringis are without honour! More like a Cardassian plot. Link to comment Share on other sites More sharing options...
bendix Posted March 24, 2012 Share Posted March 24, 2012 kiss it Kiss what? You haven't explained what you don't believe. I love how so many westerners take the Baht's strength as a personal slight at best, or some kind of manipulated scam at worst. It's almost as if they can't believe the sheer effrontery of what they believe to be a basketcase currency / country etc can be so strong compared to their own currencies, and the impact it has on their beer and whoring activities. Face it people. The supremacy of the west is dead. Decades of living beyond your means has destroyed your currencies and the smart money is moving over to Asia (where people and their governments understand the value of living within their means), and all Asian economies will be the beneficiaries. Don't believe me? Go and compare the GDP growth rates of the west versus the east, and come back and explain to us why you think the baht, the RMB, the Sing dollar etc is going to weaken against the bankrupt dollar, euro or pound? 1 Link to comment Share on other sites More sharing options...
Naam Posted March 24, 2012 Share Posted March 24, 2012 Don't believe me? Go and compare the GDP growth rates of the west versus the east, and come back and explain to us why you think the baht, the RMB, the Sing dollar etc is going to weaken against the bankrupt dollar, euro or pound? what a question! of course because of the impact it has on their beer and whoring activities. Link to comment Share on other sites More sharing options...
BookMan Posted March 24, 2012 Share Posted March 24, 2012 i think there's more to it and Thais are blamed for anything negative that happens just because they are around, available and much more clever than Farangs. if Farangs were clever they'd realise that the decade old buffalo sickness is not an invention of bar girls but a reality caused by aliens, most probably Ferengis who skim Farang cash to increase their profits. we Klingons know that Feringis are without honour! only a few days ago, when i had my daily 9 bottles of Singha in Soi 6, i tried to present my case and (unfortunately only circumstancial) evidence to a bunch of Farangs who refused to listen and made me very angry. but i admit my judgment might have been flawed and i should have been more lenient. obviously they did not understand whatever i presented because their command of English was rather limited... they must have been Brits Link to comment Share on other sites More sharing options...
Langsuan Man Posted March 25, 2012 Share Posted March 25, 2012 The Thai Baht will only be on an upward trend when oil is on a downward trend Link to comment Share on other sites More sharing options...
JimGant Posted March 25, 2012 Share Posted March 25, 2012 I'm kinda scratching my head on this one...... Yes, since Jan 1st, the baht has been strengthening against the US dollar. But the quote I focused on in the article was this: The economic house expected the baht to move in the range of 29.50-32.50 per dollar this year. In the last 15 months, the baht has ranged from 29.56 to 31.56 (bid rates, from OANDA). So, this less-than-earth-shaking article says, in effect,'the baht may strengthen to 6 satang better than last year. However, the downside has it possibly trading this year at a baht lower than last.' Guess the article should be entitled: "Baht Strengthens For Now. But Don't Hold your Breath." Link to comment Share on other sites More sharing options...
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