score keeper Posted July 4, 2014 Share Posted July 4, 2014 (edited) http://www.nationmultimedia.com/breakingnews/Reserves-up-slightly-to-168bn-30237746.html url is breaking try this one http://tinyurl.com/kxlztce wrote a long post questioning this figure but it got auto deleted. explain how you see this rise as possible, else i dont believe it Edited July 4, 2014 by score keeper Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2014 Share Posted July 4, 2014 exporters exchange their forex against needed domestic currency. as simple as that. Link to comment Share on other sites More sharing options...
maewang99 Posted July 5, 2014 Share Posted July 5, 2014 (edited) Please do rekey some of your original posting. I don't understand your comment as written. I'm a long time Thailand money guy, and Thailand's foreign exchange reserves are very easy to understand. Since Thailand is the only potential major bidder on it's own currency, by not making bids it keeps the Thai Baht below where it would otherwise be. Historically the Thai Baht would be at about 20 Baht per US dollar, but like most currencies it should be in the mid teens against the dollar in the current context, much the same as for example the Euro which went from a low of 90 cents against the dollar but is now worth 1.359 today. So for many years the BOT has been plowing the deposits of Thai exporters that are in US dollars, and buys US Treasury debt to avoid bidding on the Baht. But at some point it got to a level that has all kinds of issues with it, in many different ways, so we started to recover some of the lost purchasing power of the post 1997 crisis Baht. If you are a long stay expat, you better be ready for the Baht to visit the low teens. Not kidding you at all. When the talking heads yak about "AEC 2015" and how Thai folks are going to be much better off, they are talking about the currency adjusting further which, when your money goes up in value you become wealthier. Edited July 5, 2014 by maewang99 Link to comment Share on other sites More sharing options...
Naam Posted July 5, 2014 Share Posted July 5, 2014 I'm a long time Thailand money guy, and Thailand's foreign exchange reserves are very easy to understand. Since Thailand is the only potential major bidder on it's own currency, by not making bids it keeps the Thai Baht below where it would otherwise be. looks like you are a long time guy missing a topic. what has the amount of Thailand's forex reserves to do with any exchange rate vs. THB? Link to comment Share on other sites More sharing options...
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