mesquite Posted July 21, 2014 Share Posted July 21, 2014 (edited) Over the last day the Thai Baht has gotten stronger vs the USD. Or is the USD tanking? Right now 32.01 THB/USD. Wassup? Edited July 21, 2014 by mesquite Link to comment Share on other sites More sharing options...
1BADDAT Posted July 21, 2014 Share Posted July 21, 2014 So you want an explanation of why on one day the value has changed? 1 Link to comment Share on other sites More sharing options...
balo Posted July 21, 2014 Share Posted July 21, 2014 (edited) Thai baht gets stronger and stronger for every week and nobody knows why . Edited July 21, 2014 by balo 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted July 21, 2014 Share Posted July 21, 2014 Thai baht gets stronger and stronger for every week and nobody knows why . Yes, it gained towards the Euro and the US dollar. Towards the Euro continuous gains since the beginning of the month, Small peak compared to Friday. Don't ask me for the reasons. Multiple factors I guess. Link to comment Share on other sites More sharing options...
i claudius Posted July 21, 2014 Share Posted July 21, 2014 (edited) Thai baht gets stronger and stronger for every week and nobody knows why . Yes, it gained towards the Euro and the US dollar. Towards the Euro continuous gains since the beginning of the month, Small peak compared to Friday. Don't ask me for the reasons. Multiple factors I guess. Because Euro land and the Euro are in the shit. if Germany was not proping it up ,along with Britains money it would sink into oblivion ,fingers crossed. Edited July 21, 2014 by i claudius 2 Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2014 Share Posted July 21, 2014 Thai baht gets stronger and stronger for every week and nobody knows why . Yes, it gained towards the Euro and the US dollar. Towards the Euro continuous gains since the beginning of the month, Small peak compared to Friday. Don't ask me for the reasons. Multiple factors I guess. Because Euro land and the Euro are in the shit. if Germany was not proping it up ,along with Britains money it would sink into oblivion ,fingers crossed. what kind of shit happened in Sterling Land these last days? Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2014 Share Posted July 21, 2014 (edited) I have been told there is a perception of stability now that both the Yingbat clowns and the yellow shirt circus jesters are out of the way. The thinking is that the Junta will bring continued stability. In other words the country is being run by real men now, instead of completely incompetent man children. And since tourism only makes up about 10% or so of the real economy, not a big deal, I guess? Spidermike007 let's not forget that Thailand's economy is not worse than the economies of the U.S (aka Greatest Nation on Earth™), average €Yew EU and the Yewnighted United Kingdom. Klingonworf Edited July 21, 2014 by Naam Link to comment Share on other sites More sharing options...
chiang mai Posted July 21, 2014 Share Posted July 21, 2014 I don't see USD tanking, if anything it's strengthening slightly, what I do see is THB strengthening. 1 Link to comment Share on other sites More sharing options...
AnotherOneAmerican Posted July 21, 2014 Share Posted July 21, 2014 (edited) GBP Bounced back to 54.8 a moment ago. USD Same recovery. Looks like someone manipulating the market, then they stopped. Guess they were buying bucket loads of THB for some reason. Spoke too soon, up again. Edited July 21, 2014 by AnotherOneAmerican Link to comment Share on other sites More sharing options...
chiang mai Posted July 21, 2014 Share Posted July 21, 2014 There's no manipulation, USD is strengthening against GBP and THB is also. http://www.bloomberg.com/markets/currencies/ Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2014 Share Posted July 21, 2014 GBP Bounced back to 54.8 a moment ago. USD Same recovery. Looks like someone manipulating the market, then they stopped. Guess they were buying bucket loads of THB for some reason. Spoke too soon, up again. bounce up and down again Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2014 Share Posted July 21, 2014 GBP Bounced back to 54.8 a moment ago. USD Same recovery. Looks like someone manipulating the market, then they stopped. Guess they were buying bucket loads of THB for some reason. Spoke too soon, up again. if someone bought bucket loads he lost bucket loads in a matter of 20 minutes. 1 Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2014 Share Posted July 21, 2014 21.07.2014 15:30:02 54,465 21.07.2014 15:25:11 54,469 21.07.2014 15:20:01 54,486 21.07.2014 15:15:01 54,832 21.07.2014 15:10:00 54,819 21.07.2014 15:05:00 54,835 21.07.2014 15:00:03 54,492 1 Link to comment Share on other sites More sharing options...
ldnguy Posted July 21, 2014 Share Posted July 21, 2014 Just the natural ebb and flow of currencies. Depends on who's buying and selling and what they are willing to pay. There's no simple answer. You'd have to ask everyone that bought and sold on that day. Then you still might not know the reason. Link to comment Share on other sites More sharing options...
Baerboxer Posted July 21, 2014 Share Posted July 21, 2014 Thai baht gets stronger and stronger for every week and nobody knows why . Yes, it gained towards the Euro and the US dollar. Towards the Euro continuous gains since the beginning of the month, Small peak compared to Friday. Don't ask me for the reasons. Multiple factors I guess. Because Euro land and the Euro are in the shit. if Germany was not proping it up ,along with Britains money it would sink into oblivion ,fingers crossed. what kind of shit happened in Sterling Land these last days? GBP THB 5d.jpg Yes - the GBP has been over 1.7 USD for sometime now. I got 55.22 ThB to the GBP earlier this month. So shitty. Link to comment Share on other sites More sharing options...
hi so jin Posted July 21, 2014 Share Posted July 21, 2014 (edited) Is the redback going to replace the US dollar? most interesting quote : China is also trying to establish a secure worldwide payments network - the China International Payments System - to rival the dollar payment systems, namely the privately-owned CHIPS system and the Federal Reserve's Fedwire. switch to yuan now as both US and UK currency will become as mentioned above toilet paper China has now thrown its weight behind the New Development Bank, announced last week. This bank, known as the Brics Bank, will be headquartered in Shanghai and is expected to become part of the global realignment of currencies. Edited July 21, 2014 by hi so jin Link to comment Share on other sites More sharing options...
chiang mai Posted July 21, 2014 Share Posted July 21, 2014 The strengthening of USD appears to be on the back of increased tension surrounding Ukraine and Gaza, stock markets have fallen and money is moving into safer havens, it could all unwind and reverse just as quickly. Link to comment Share on other sites More sharing options...
stoli Posted July 22, 2014 Share Posted July 22, 2014 Don't worry. I exchanged dollars to baht yesterday. The baht will now weaken against the dollar. It was just waiting for my exchange. Link to comment Share on other sites More sharing options...
Naam Posted July 22, 2014 Share Posted July 22, 2014 Don't worry. I exchanged dollars to baht yesterday. The baht will now weaken against the dollar. It was just waiting for my exchange. USD 31.75 EUR 42.8325 GBP 54.1225 big weakening Link to comment Share on other sites More sharing options...
Naam Posted July 22, 2014 Share Posted July 22, 2014 Is the redback going to replace the US dollar? most interesting quote : China is also trying to establish a secure worldwide payments network - the China International Payments System - to rival the dollar payment systems, namely the privately-owned CHIPS system and the Federal Reserve's Fedwire. switch to yuan now as both US and UK currency will become as mentioned above toilet paper China has now thrown its weight behind the New Development Bank, announced last week. This bank, known as the Brics Bank, will be headquartered in Shanghai and is expected to become part of the global realignment of currencies. how many Yuan do you hold in your portfolio Honourable Sir Hi So, Esq.? Link to comment Share on other sites More sharing options...
zeichen Posted July 22, 2014 Share Posted July 22, 2014 "switch to yuan now as both US and UK currency will become as mentioned above toilet paper" Chinese Yuan is not a tradeable currency. They have limits on how much can be exchanged and sent out. But it has been on a steady growth for about 5 years. Still slightly undervalued compared to their GDP though. Link to comment Share on other sites More sharing options...
Naam Posted July 22, 2014 Share Posted July 22, 2014 "switch to yuan now as both US and UK currency will become as mentioned above toilet paper" Chinese Yuan is not a tradeable currency. They have limits on how much can be exchanged and sent out. But it has been on a steady growth for about 5 years. Still slightly undervalued compared to their GDP though. you know that and i know that. but some ignorants have no idea. Link to comment Share on other sites More sharing options...
Gsxrnz Posted July 22, 2014 Share Posted July 22, 2014 Anybody who thought the NZD was overvalued last week and leveraged to buy a truck load of THB heavily at the peak, and just unloaded the Baht with a 3% NZD profit would be quite happy. Especially if he also bought 1.5M Baht of real money at the same peak and has it in a FCA in NZ. He could live happily in Thailand for another year on the profit. Just sayin'. Link to comment Share on other sites More sharing options...
spidermike007 Posted July 22, 2014 Share Posted July 22, 2014 Thailands baht surged to its highest level in seven months after the Asian nations exports recovered strongly while foreign investors purchased more local assets. The baht rose by up to 0.4 percent to trade at 31.993 per dollar, its highest level since December 17, before edging slightly lower to 31.995 by 3:35 p.m. local time. Thailands exports in June increased 7.2 percent from a year ago, said Junta leader Prayuth Chan-Ocha last Friday. This was the first gain in four months, and exceeded the analysts forecast of 3.1 percent advance in a survey done by Bloomberg. The rebound in exports may support the bahts additional strength in the short term, Tim Leelahaphan, a Bangkok-based economist at Maybank Kim Eng Securities (Thailand) Plc told Bloomberg. A better economic outlook has also attracted foreign fund inflows into domestic bonds and stocks. Link to comment Share on other sites More sharing options...
chiang mai Posted July 22, 2014 Share Posted July 22, 2014 How can this be, there's some bloke over in the Financial Crisis thread who swears USD/THB is headed towards 40 or even 50, surely he can't be mistaken. Link to comment Share on other sites More sharing options...
Naam Posted July 22, 2014 Share Posted July 22, 2014 (edited) How can this be, there's some bloke over in the Financial Crisis thread who swears USD/THB is headed towards 40 or even 50, surely he can't be mistaken. there are many blokes and dudes in a dozen other threads who won't like this: $ 31.66000 € 42.56875 £ 53.92875 Edited July 22, 2014 by Naam Link to comment Share on other sites More sharing options...
chiang mai Posted July 22, 2014 Share Posted July 22, 2014 How can this be, there's some bloke over in the Financial Crisis thread who swears USD/THB is headed towards 40 or even 50, surely he can't be mistaken. there are many blokes and dudes in a dozen other threads who won't like this: $ 31.66000 € 42.56875 £ 53.92875 Waaa, GBP is down 1/65th of a Singha! Link to comment Share on other sites More sharing options...
Naam Posted July 22, 2014 Share Posted July 22, 2014 How can this be, there's some bloke over in the Financial Crisis thread who swears USD/THB is headed towards 40 or even 50, surely he can't be mistaken. there are many blokes and dudes in a dozen other threads who won't like this: $ 31.66000 € 42.56875 £ 53.92875 Waaa, GBP is down 1/65th of a Singha! every sip is precious! 1 Link to comment Share on other sites More sharing options...
chiang mai Posted July 23, 2014 Share Posted July 23, 2014 A report from Krungsri in the paper that can't be named talking about an expectation that foreign buyers on the SET have returned and may end up the year in a net buy position, the resulting capital inflows will likely push THB to 31. Who said 40, are you mad! Link to comment Share on other sites More sharing options...
phutoie2 Posted July 23, 2014 Share Posted July 23, 2014 GBP at 53.61 this morning (BKB), dipping? Link to comment Share on other sites More sharing options...
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