Thai baht has been rising ever since the junta took over

[ultimate weapon]

I remember during the time that suthep took to the streets with his yellow goons the bht to sgd was like 1sgd to 25.3 I think and always used 1sgd to 25 bht as the benchmark to calculate something in my home currency. Now it's approaching something like 1sgd to 24.3 bht I think that's the rate money changers are changing

[pigeonjake]

yellow goons,

this thread will go far,,

[ultimate weapon]

Yellow goons red goons both are goons. I don't see why should anyone take offence to that.

[pigeonjake]

well if your calling both side goons i would say that better,

i dont get involved, i dont even understand it all

[Rooo]

Moved to Money Forum.

[Senechal]

Ask yourself this question:

If you were a regional manufacturing power, surrounded by nations with cheaper labor... And if you were 11 months away from an essentially borderless trade federation with those cheaper nations... And if you were preparing a massive wave of regional business, banking and infrastructure investment in those neighboring nations in order to cement regional hegemony:

Would you want a strong baht or a weak baht?

If you're hoping for a cheaper baht, you're going to be very disappointed.

Thailand has it's sights firmly on ASEAN at this point.

My humble two baht.

[umbanda]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

[Swiss1960]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

[ExPratt]

Gone up against the Malaysian Ringgit by 10% in 4 months

[SheungWan]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

Export oriented countries do not necessarily want a weaker currency at all. That is the lazy assumption usually made by those who have not studied any economics. And a classic putting the cart before the horse.

Edited February 5, 2015 by SheungWan

[Swiss1960]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

Export oriented countries do not necessarily want a weaker currency at all. That is the lazy assumption usually made by those who have not studied any economics. And a classic putting the cart before the horse.

Aaahhh... so I will write to all Swiss economists to FINALLY go to school (could you give me some good one's?) since the ALL predict a decline in growth, higher unemployment, lower wages, less available income, deflation etc etc for Switzerland, if the CHF stays as strong as it is right one...

[ultimate weapon]

Gone up against the Malaysian Ringgit by 10% in 4 months

The ringgit is dropping vs all other currencies. Record low vs the sgd.

[CaptHaddock]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

Export oriented countries do not necessarily want a weaker currency at all. That is the lazy assumption usually made by those who have not studied any economics. And a classic putting the cart before the horse.

Japan wants a weaker yen. That's at least a major, possibly the major, goal of Abe's plan to increase inflation. China has kept the renminbi cheap by sterilization, i.e. buying dollar-denominated assets with the trade surplus to keep the renminbi cheap against the dollar, to the tune of $3.3 trillion. The cost to China of this policy is that these assets are not available to invest within the country being tied up in US Treasury bonds. Germany keeps its currency cheap by entering a currency union with the less productive rest of Europe. Although Germany hates Draghi's policy of providing liquidity it tolerates it to keep the currency union from breaking up and ending up with expensive new Deutsch marks again. They hate the idea of write-downs of Greek debt, but will accept that rather then see the Greeks walk out of the euro.

Where's the laziness?

[2fishin2]

Some people think its getting stronger when in fact its their home currency is getting weaker....

[Pib]

^^^^What 2fishin2 said,

Yes people, your home country currency may be the one getting weaker...shock...the horror. You need to look and see how your home country currency is fairing against various currencies....if it's losing ground against those currencies also in addition to the baht, then it's your currency that getting weaker--not necessarily the baht getting stronger.

[Lukecan]

Some people think its getting stronger when in fact its their home currency is getting weaker....

The thing is Thailand is dependant on those "home" countries for their tourism and industrial exports.

Farangland currencies with the exception of usd and chf is in a mess right now.

Russia is in a mess, and believe me Pattaya is like the 10th biggest Russian city lol

[Camelot]

Markets love political stability and the present government is providing it. Going by past performance, baht parity with major currencies could suffer from jitters when democracy returns. It's hard to predict beyond 2015 because other factors such as limited Asean economic integration will come into play.

[Time Traveller]

Gone up against the Malaysian Ringgit by 10% in 4 months

The likely reason is that Oil has fallen in price by 55% in the last 8 months.

Oil is an important export for Malaysia. So now they get less for their exports.

Oil is an important import for Thailand. So now they pay less for their imports.

One country exporting less. One country importing less.

So why all the questions on this forum from hopefuls asking why the Baht is so strong?. I estimated on another topic that Thailand will spend about $1billion less on imports of oil each month compared with what they were paying one year ago just because of the fall in oil price. That pretty much stacks the trade balance heavily in one direction for the baht. And unless the BoT actively try to slow the strengthening of the Baht, then it could appreciate towards 30 to the $ over the next year if Oil prices stay low.

[Thai at Heart]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

As a snapshot its healthy.

But GDP growth is poor and they haven't come up with a plan for the agriculture sector yet nor can they seem to get exports chugging along.

[Thai at Heart]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

Export oriented countries do not necessarily want a weaker currency at all. That is the lazy assumption usually made by those who have not studied any economics. And a classic putting the cart before the horse.

Aaahhh... so I will write to all Swiss economists to FINALLY go to school (could you give me some good one's?) since the ALL predict a decline in growth, higher unemployment, lower wages, less available income, deflation etc etc for Switzerland, if the CHF stays as strong as it is right one...

True, but the premise that all exporters desire a weak currency isn't true. Just lokm at the gradual strenthening of the deutshmark for 50 years.

Exports need inputs that need importing take with one and give with another.

[CaptHaddock]

Germany joined the euro in 1999 precisely to get a cheap currency, which it did get since the weight of the other, less competitive members of euroland dragged down the euro's value much to Germany's benefit. And the trade surplus figures show it by spiking up after the euro is fully implemented in 2000:

Exporting countries do always want a cheap currency. When they can manage to achieve that goal they do it, like Germany in 2000.

[Baerboxer]

I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines....

If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it. Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year.

export oriented countries want exactly the opposite... they want a weaker currency... look at the problems the Swiss export companies face right now because of the strong CHF to EUR...

But if the companies and government are looking at investing in other countries, buying businesses, setting up JV's etc etc then the reverse is true, for a while anyway.

Many Thai business men I know have been on the acquisition, JV, overseas company formation trail.

Ironic when you see the barriers they erect to keep fortress Thailand businesses Thai.

[stoli]

Two ways to view this. Your way, the baht is getting stronger, or the other way, other currencies are getting weaker. Right now, it is the rest of the world having financial problems, and has nothing to do with the coup. If anything, the coup would be a detremint to the baht, not a positive.

[Naam]

Two ways to view this. Your way, the baht is getting stronger, or the other way, other currencies are getting weaker. Right now, it is the rest of the world having financial problems, and has nothing to do with the coup. If anything, the coup would be a detremint to the baht, not a positive.

like the coup in 2006 which strengthened the Baht by 16% in the following year

[Ianq]

Other currencies are weaker, the Australian too being driven to 70c US dollar to stimulate money for local producers. The Thai Baht.......seems to be not going in the same direction as many other countries.......another reason their Tourism is dropping