webfact Posted December 9, 2014 Share Posted December 9, 2014 Baht's weakening in line with other regional currencies, BOT saysThe NationBANGKOK: -- The Bank of Thailand says the weakening of the baht is in line with the depreciations of other currencies in the region caused by market speculation that the US Federal Reserve will be able to increase its policy interest rate faster than expected.The latest market consensus is that the United States will increase its policy rate in the third quarter of 2015.The US announcement on Friday of a better-than-expected increase in the non-farm payroll in November has led to a strengthening of the dollar, BOT Assistant Governor Chantavarn Sucharitakul said. The payroll increased by 321,000 positions, against expectations of only 230,000.Chantavarn said the baht was currently in the middle of the park when compared with other currencies in the region.Asset outflows remain normal, with foreigners still net-sellers in the capital market. In the first 11 months of the year, they net-sold around US$1 billion. Currently foreigners hold 10 per cent of Thai government bonds, she said.According to the Bloomberg website, the baht was at 33.074 per US dollar as of 5.45pm yesterday.Supavud Saicheua, director of Phatra Capital, said the baht could reach 34 next year on the strengthening of the dollar. Source: http://www.nationmultimedia.com/business/Bahts-weakening-in-line-with-other-regional-curren-30249380.html-- The Nation 2014-12-09 2 Link to comment Share on other sites More sharing options...
Popular Post Costas2008 Posted December 9, 2014 Popular Post Share Posted December 9, 2014 Good for the exports and better for me that I will be getting more Baht 6 Link to comment Share on other sites More sharing options...
Popular Post Prbkk Posted December 9, 2014 Popular Post Share Posted December 9, 2014 Good for the exports and better for me that I will be getting more Baht:thumbsup: But you WON'T be getting more Baht because it remains ridiculously high against everything except the USD...so if your income is in Euros there is a net loss ( but just be grateful the drachma is history ). 12 Link to comment Share on other sites More sharing options...
Popular Post theslime Posted December 9, 2014 Popular Post Share Posted December 9, 2014 Aussie is down nearly 20%, baht looking great,if you have baht. 3 Link to comment Share on other sites More sharing options...
chainarong Posted December 9, 2014 Share Posted December 9, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Aussie is down nearly 20%, baht looking great,if you have baht. Not so good sending money from Oz though , plus bank charges rip off. today's rate 25.5 was 30 once. 1 Link to comment Share on other sites More sharing options...
theslime Posted December 9, 2014 Share Posted December 9, 2014 25 is all bad, we got 31 this time last year. Link to comment Share on other sites More sharing options...
fish fingers Posted December 9, 2014 Share Posted December 9, 2014 Good for the exports and better for me that I will be getting more Baht Only if you keep your money in a currency other than baht and change it next yr - for sterling it might be best to wait until after the election (hedging your bets on a tory win) Link to comment Share on other sites More sharing options...
Popular Post DiamondKing Posted December 9, 2014 Popular Post Share Posted December 9, 2014 Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars 6 Link to comment Share on other sites More sharing options...
laochef Posted December 9, 2014 Share Posted December 9, 2014 The statement is not really true...The Lao KIP has gained nearly 2 % in the last month... 1 Link to comment Share on other sites More sharing options...
Barney R Posted December 9, 2014 Share Posted December 9, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Aussie is down nearly 20%, baht looking great,if you have baht. Not so good sending money from Oz though , plus bank charges rip off. today's rate 25.5 was 30 once. Cannot see how ? I sent money last week only cost was $35 . From nab to kasikorn Link to comment Share on other sites More sharing options...
ratcatcher Posted December 9, 2014 Share Posted December 9, 2014 Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars If you are American how else would you "get yer monies"? Canadian dollars, Australian dollars, New Zealand dollars, Singapore dollars, . Enjoy your good luck, pray it lasts. Link to comment Share on other sites More sharing options...
diehard60 Posted December 9, 2014 Share Posted December 9, 2014 Where it should be is around 35 Baht to the $. 2 Link to comment Share on other sites More sharing options...
ezzra Posted December 9, 2014 Share Posted December 9, 2014 Aussie is down nearly 20%, baht looking great,if you have baht. I do feel great, sent a load of it back home today..... Link to comment Share on other sites More sharing options...
DiamondKing Posted December 9, 2014 Share Posted December 9, 2014 Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars If you are American how else would you "get yer monies"? Canadian dollars, Australian dollars, New Zealand dollars, Singapore dollars, . Enjoy your good luck, pray it lasts. I'm English 1 Link to comment Share on other sites More sharing options...
slipperylobster Posted December 9, 2014 Share Posted December 9, 2014 Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars $$$$ Link to comment Share on other sites More sharing options...
FNQ Posted December 9, 2014 Share Posted December 9, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Aussie is down nearly 20%, baht looking great,if you have baht. Not so good sending money from Oz though , plus bank charges rip off. today's rate 25.5 was 30 once. Tell me about it!!! bought some more over to stock pile this trip, will probably take back. Just use what I deposited last time at 30. P.S merry xmas all 1 Link to comment Share on other sites More sharing options...
Jdiddy Posted December 9, 2014 Share Posted December 9, 2014 (edited) Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars Aussie dollar is screwed, RBA is tipped to continue rate cuts next year I wouldnt be surprised to see at least .75usd next year Edited December 9, 2014 by Jdiddy Link to comment Share on other sites More sharing options...
Popular Post balo Posted December 9, 2014 Popular Post Share Posted December 9, 2014 The baht is priced to high, seems to me they do not follow the rest of Asia and the world. 4 Link to comment Share on other sites More sharing options...
retarius Posted December 9, 2014 Share Posted December 9, 2014 Is this a good time to move sterling or USD to Thailand? Any thoughts? Does anyone have any insight into the state of the banks here, given the corruption in every walk of life, there seems no reason to suspect that the banks have hidden debts and fraud. I have money in the banks here in bonds.....I read somewhere that in 2015 the bank insurance per account is being reduced dramatically to only one million baht per account....so if you have 10 million in an bond account and the bank goes bust, you lose 9 million baht. Anyone (knowledgeable) have thoughts on this? Link to comment Share on other sites More sharing options...
zaZa9 Posted December 9, 2014 Share Posted December 9, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Aussie is down nearly 20%, baht looking great,if you have baht. Not so good sending money from Oz though , plus bank charges rip off. today's rate 25.5 was 30 once. Use the TT service. Its almost 27 baht to the $1 AUD .... http://www.kasikornbank.com/EN/RatesAndFees/ForeignExchange/Pages/ForeignExchange.aspx?banner=1 Link to comment Share on other sites More sharing options...
Jeremy50 Posted December 9, 2014 Share Posted December 9, 2014 The baht is priced to high, seems to me they do not follow the rest of Asia and the world. It is kept high so the Thai rich can buy houses in London and Monaco. I thought everyone knew this. 2 Link to comment Share on other sites More sharing options...
louse1953 Posted December 9, 2014 Share Posted December 9, 2014 Aussies had it good for a while but back where it should be good news about the US dollar and i am real happy since I get me monies in dollars Yes ,back with the plebs now,lucky i didn't change up from Archa,not so far to fall. 1 Link to comment Share on other sites More sharing options...
willyumiii Posted December 9, 2014 Share Posted December 9, 2014 Good for the exports and better for me that I will be getting more Baht:thumbsup: But you WON'T be getting more Baht because it remains ridiculously high against everything except the USD...so if your income is in Euros there is a net loss ( but just be grateful the drachma is history ). Buddha bless America! Good job Barack! Link to comment Share on other sites More sharing options...
Popular Post Robert24 Posted December 9, 2014 Popular Post Share Posted December 9, 2014 correct would be the $ is strengthening. Baht is more or less stable if compared against a basket of currencies. 6 Link to comment Share on other sites More sharing options...
alfagtv Posted December 9, 2014 Share Posted December 9, 2014 I always use OzForex to transfer funds from australia....today around 27baht/aud, always better rate and service than the major banks. 2 Link to comment Share on other sites More sharing options...
SOTIRIOS Posted December 9, 2014 Share Posted December 9, 2014 ......seems like quite an unfounded leap of logic/faith........ Link to comment Share on other sites More sharing options...
slapout Posted December 9, 2014 Share Posted December 9, 2014 No telling how much has been buried, stacked in vaults, etc physically due it being ill gotten gains. You can just build so many family homes, hotels lease companies, etc and the many ways to launder money are being exposed may be leaving a humoungus amount of paper bills lieing around. Link to comment Share on other sites More sharing options...
Anthony5 Posted December 9, 2014 Share Posted December 9, 2014 25 is all bad, we got 31 this time last year. I wonder where all thos posts have gone that claimed that getting +8% on a saving account when the Aus$ was 33 to the Baht had nothing to do with devaluation risk. Link to comment Share on other sites More sharing options...
Wilsonandson Posted December 9, 2014 Share Posted December 9, 2014 Why is a pack of cigarettes 40 baht in Laos and 95 baht in Thailand. Why is a can of beer in Thailand the same price as a can of beer in England? Why is a night out in Madrid with the ladies cheaper than in Pattaya? Why oh Why? The baht is too strong! Your breaking my sexpat heart Prayuth. Link to comment Share on other sites More sharing options...
sydneyjed Posted December 9, 2014 Share Posted December 9, 2014 25 is all bad, we got 31 this time last year. The actual official spot rate is one AUD = 27.3069 THB...never change it in Oz as it's an absolute rip off! There is a Superrich money exchange at Suvarnabhumi Airport now by the way...located down on the same level as the Airport Train it is to the extreme left of the moving escalators down towards the ticket booth there..just ask the tourist police booth there if you can't find it as it is well hidden and gives the same rate as the city Superrich does! Link to comment Share on other sites More sharing options...
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