When do the experts on this forum think would be the time to buy some THB? It's trading up at around 38 Baht to the Franc now. Today or tomorrow or give it a few days?

Thanks!

Nobody buying Baht with Swiss Francs???

Nobody buying Baht with Swiss Francs???

Why should they?

The majority of the economist comments I did read predict that the Swiss Franc will weaken over the next 1-3 years. This is supported by the facts that the Swiss Economy will slow down massively within the Export and Tourism industry when the CHF is to strong. Speaking against a weakening of the CHF is the massive printing of Euros right now, so we would first need to see whether the money will be inserted into the Economy or just "parked" with the Banks and the economy within the EU will not grow...

Since the exchange rate of the CHF to THB heavily depends on the CHF/EUR and CHF/USD exchange rates, those economies will influence what will happen to the CHF/THB.

Another driving factor is something we know will happen in Thailand in the years to come (hopefully not for a VERY long time) and that might influence the Thai economy and stability and predicting what the THB exchange rate will be against ALL currencies is like reading tea leaves under water... however it is something that we know we can not discuss...

That said.. when you need significant amounts of THB over the next years, then now would be a good time to exchange. My personal prediction is that everything >37 Baht / CHF is as good as it will get over the next 1-3 years. This is based on nothing more than the 10y graphic of CHF/THB exchange rates where only for few days back in August 2011 ever went over 40/THB

The majority of the economist comments I did read predict that the Swiss Franc will weaken over the next 1-3 years. This is supported by the facts that the Swiss Economy will slow down massively within the Export and Tourism industry when the CHF is to strong. Speaking against a weakening of the CHF is the massive printing of Euros right now, so we would first need to see whether the money will be inserted into the Economy or just "parked" with the Banks and the economy within the EU will not grow...

Since the exchange rate of the CHF to THB heavily depends on the CHF/EUR and CHF/USD exchange rates, those economies will influence what will happen to the CHF/THB.

Another driving factor is something we know will happen in Thailand in the years to come (hopefully not for a VERY long time) and that might influence the Thai economy and stability and predicting what the THB exchange rate will be against ALL currencies is like reading tea leaves under water... however it is something that we know we can not discuss...

That said.. when you need significant amounts of THB over the next years, then now would be a good time to exchange. My personal prediction is that everything >37 Baht / CHF is as good as it will get over the next 1-3 years. This is based on nothing more than the 10y graphic of CHF/THB exchange rates where only for few days back in August 2011 ever went over 40/THB

Thank you for your very informative answer.

Nobody buying Baht with Swiss Francs???

Why should they?

Perhaps so they have some cash to live on in LOS, build something, buy a condo....who knows?

US dollar strength will support the baht.

The dollar is on a major up move, not stopping until it is at premium to Euro.

Today is about 111;

I bought some US$ at 0.86 against Swiss franc. Personally I recommend long $, long Swissie, long SGD. For Thai baht I'm neutral. Short Yen and Euro.

I would only buy the baht if you have some specific investments you want to do, ie stocks, property etc.

US dollar strength will support the baht.

The dollar is on a major up move, not stopping until it is at premium to Euro.

Today is about 111;

presently EUR USD is 1.1363

US dollar strength will support the baht.

The dollar is on a major up move, not stopping until it is at premium to Euro.

Today is about 111;

presently EUR USD is 1.1363

He was just roughly rounding to a lucky odd number. 111 is lucky....looks neat on a license plate.

Nobody buying Baht with Swiss Francs???

Why should they?

Perhaps so they have some cash to live on in LOS, build something, buy a condo....who knows?

I think that is taken as a given. The implication of the question I assumed was in relation to trading the currency pair outside of immediate spending needs, although it is a fair question to ask whether one should convert now or hold back if considering the purchase of an apartment.

Nobody buying Baht with Swiss Francs???

Because they might get Pension from Switzerland, and as their pensions are transferred from CHC to THB, they are victims of the decline of European currencies, too.

Why should they?

Perhaps so they have some cash to live on in LOS, build something, buy a condo....who knows?

http://www.xe.com/currencycharts/?from=CHF&to=THB

Overnight or in the early mornings Farang time, intra-day conversion rates are extremely volatile.

http://www.xe.com/currencycharts/?from=XAU&to=THB&view=1M

Qs to lawyers in Switzerland and Thailand:

Is raw gold still treated as currency (ie not taxed), or rather as (taxed) faw material?

Would it be legal to import gold into Thailand without duty, and - if yes - uo to which threshold (if any)?

http://www.xe.com/currencycharts/?from=CHF&to=THB

Overnight or in the early mornings Farang time, intra-day conversion rates are extremely volatile.

No, they are not. What you have seen yesterday afternoon European time ist the effect of Mr. Draghis Quantitative Easing announcement of more than 1'000 Billion Euro...

http://www.xe.com/currencycharts/?from=CHF&to=THB

Overnight or in the early mornings Farang time, intra-day conversion rates are extremely volatile.

No, they are not. What you have seen yesterday afternoon European time ist the effect of Mr. Draghis Quantitative Easing announcement of more than 1'000 Billion Euro...

I can also see the conversion rate in the morning Thai time, before Mr Draghi ventured to get out of his bed and make his announcements. Expats are such small fish in the big ocean of international foreign exchange trade, but if you've got two bank accounts in either country and access to online banking: why not take advantage of the time zone difference?

I can also see the conversion rate in the morning Thai time, before Mr Draghi ventured to get out of his bed and make his announcements. Expats are such small fish in the big ocean of international foreign exchange trade, but if you've got two bank accounts in either country and access to online banking: why not take advantage of the time zone difference?

very simple... because moving money from one bank account to another is NOT FOREX trading, dear micmichd... thus you will NOT get any intraday T/T rates, but the rates that the banks set once or twice a day for such transactions... and you might be facing fees that take away all your assumed win...

I can also see the conversion rate in the morning Thai time, before Mr Draghi ventured to get out of his bed and make his announcements. Expats are such small fish in the big ocean of international foreign exchange trade, but if you've got two bank accounts in either country and access to online banking: why not take advantage of the time zone difference?

And by the way... in the "morning" Thai time (from 6am to 6pm)... the CHF/THB rate did go up 0.8%... and only afternoon Europe time, when Mr. Draghi "got out of bed" (so in Thai evening), did the rate drop by 2.3% due to the announcement... so where and why and how and when do you want to take advantage of the time zone difference ????

Sorry, I stopped working in International Banking end of 2013 and didn't know that they stopped publishing Eonia swap index in June 2014. So, you're right now, no more eaonia swaps for private bank customers anymore.

Sorry, I stopped working in International Banking end of 2013 and didn't know that they stopped publishing Eonia swap index in June 2014. So, you're right now, no more eaonia swaps for private bank customers anymore.

ok, you are excused....

however, I can't see what relevance the EURO overnight index average (swap index) has in a thread about CHF to THB exchange rates...

and I also fail to see what this previous DAILY index has to do with your previous comments about INTRADAY T/T rates for CHF to THB...

Sorry again, I was also a customer to the bank I worked for, I did the programming for their international DWH and had access to the raw data. This connection is not available anymore.

Getting back to the OP: I transferred as much money as I could to my Thai bank account from Switzerland on the same day I read about this. *As others have mentioned. the CHF will doubtless fall back, but not to ฿32.0 as it was the day before. Spent it.

Good idea if you have a bank account in Europe.

Maybe I still known someone there that has one...

Looks like the CHF / USD exchange rate is what one needs to watch for future "predictions" about the CHF / THB exchange rate... at least that is what happened in the past 7 days ..

while USD/THB remained almost unchanged (less than 1% high to low), both CHF/USD and CHF/THB show the exact same patterns and both dropped around 6%... will be monitoring this over the next weeks to see whether this trend continues

Well what a difference a week makes. I got busy and wasn't paying attention to what has been happening in the markets and now the exchange rate seems to have plummeted! Had I made the exchange the day I posted this thread I would have done very well. Guess I missed it.

The THB x CHF rate is now back to what it was in May 2014. If you missed it, you missed it. I transferred and bought myself a nice roof. Not a big deal in the big picture unless you ate a Swiss exporter or live near the French / German frontier.

The THB x CHF rate is now back to what it was in May 2014. If you missed it, you missed it. I transferred and bought myself a nice roof. Not a big deal in the big picture unless you ate a Swiss exporter or live near the French / German frontier.

Since the CHF / THB exchange rate is pretty much in line with the CHF / USD exchange rate and since I did read many reports predicting CHF / USD to reach parity soon and CHF / EUR to be around 1.05-1.10, I do personally expect that the future (end of 2015) will be somewhere between 32-35 THB per Swiss Franc - always assuming no major collapse neither in the US or EU or Switzerland during the year... I won't make any predictions above that date, since my tea-leave reading cup is broken and my glass bowl is only showing snow...

you may well see at some point the BoT lowering interest rates further to support exports. Clearly exporters are suffering under the strength of the bath.

Exchange rate now getting almost back to convergence with the Simple Moving Average. If you didn't change, you missed the boat. Though today probably represents decent value.