Whoa, nearly a baht difference, down to 47.7 in a couple of hrs(which is big).

What happened?

Edited April 6, 201511 yr by fish fingers

Wo is me.. I have uk pension

Either UK elections or because tourism is up in LOS

and to the USD?

Still 31 / 1.00

So, what is going on?

The Pound is getting weaker, down 14% against USD.

But looking at THB: I don't see that there has been any significant movement today, it looks like it's flat against GBP.

Wrong forum

MOVED to Financial

Large movement today against most currencies. Something is going on.

re

Something is going on

its yinglucks fault

just joshin .. ill get my coat !

dave2

AUD ended where it started after sharp dip at midday:

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

GBP ended where it started after sharp dip at midday and another later in the day:

http://www.xe.com/currencycharts/?from=GBP&to=THB&view=12h

EUR ended a little above where it started at midday:

http://www.xe.com/currencycharts/?from=EUR&to=THB&view=12h

Finally, even the mighty greenback experienced similar dips to the GBP but appears to be back on par with its starting price:

http://www.xe.com/currencycharts/?from=USD&to=THB&view=12h

Pib and a few others here follow the market announcements - clearly someone made an announcement at midday and the market reacted only to pull back later in the day - it happens.

I see the baht very briefly appreciated against most currencies but now back to pretty much normal...probably some big trades unwinding or a technical glitch.

The main move is a weak $ on the back of bad jobs data on Friday. hence $ weak, Oil, Gold and other commodities up.

The main move is a weak $ on the back of bad jobs data on Friday. hence $ weak, Oil, Gold and other commodities up.

OK, but that still doesnt explain the sudden drop in those other currencies at midday - perhaps the BoT did buy a few trillion baht just to see how it felt. A drop like that would have crashed straight through a lot of stops and collected some automated buy orders on the upswing - I'll leave it to Pib to fill us in on trading volumes though as the best I can manage is a few graphs from xe.com. Currency speculation is for people with much sterner constitutions than my own.

It's been doing this a lot for the last few market days, big sudden 1 - 2% jumps against all other currencies and then generally back to where it was ten minutes later, much more choppy than usual, odd patterns.

The "blip" was due to US jobs data being weaker than expected thus delaying an interest rate rise, currencies responded positively as USD weakened slightly. http://www.reuters.com/article/2015/04/06/us-markets-global-idUSKBN0MX0ZE20150406

But the more interesting news perhaps is the rate at which Asian countries are dipping into and reducing their foreign currency reserves, not just Thailand:

http://www.bloomberg.com/news/articles/2015-04-05/once-over-12-trillion-the-world-s-reserves-are-now-shrinking

I am always amused when released data is the excuse for misunderstandings.

In this case it is a major holiday where most markets are either closed or so illiquid that they can and do move in a very irrational way.

Stop running and easy lunch temptation for the few market makers who don't love their wives enough to restrain from work.

and to the USD?

Still 31 / 1.00

So, what is going on?

32 + to $1 and has been that way for awhile.

slow trading on Eastern weekend is the whole "secret", thus single trades have bigger impact on exchange rate.

I've alerted Thompson/Reuters to the incompetence of their analysts, I feel certain they'll all be fired shortly. On their behalf they apologize profusely for printing misleading information!

^

5555

About the only thing worth signing in for today.

Edited April 7, 201511 yr by johnnybgood

baht against the pound? there has been no movement since 30th march,3,30pm.=47.96,

31st.9.30am.=47.82,11.30am.-47.69, 2nd and 3rd 47.70,and 47.77.

dont forget its been a long weekend in the uk.with easter hols.and i have always found from as far back to the earlier 80s

it always dropped on a weekend.

all above rates are TT SCB.BANK.

and to the USD?

Still 31 / 1.00

So, what is going on?

Where are you seeing $31. it's been $32.42 to $32.46 for days.

There was a gradual climb against the US$ then a sharp drop yesterday.

and to the USD?

Still 31 / 1.00

So, what is going on?

Where are you seeing $31. it's been $32.42 to $32.46 for days.

When I first read the OP yesterday, I just googled " baht vs usd" and it listed 31.0. ( no site name or source listed )

I just googled the same a minute ago and now it lists:

" 1 US Dollar equals

32.31 Thai Baht"

I refuse to cry over 1.31 baht!

Edited April 7, 201511 yr by willyumiii

I'm looking on xe.com and over the last week the Baht is getting weaker against several currencies. €, Sing $, Ringgit

baht against the pound? there has been no movement since 30th march,3,30pm.=47.96,

31st.9.30am.=47.82,11.30am.-47.69, 2nd and 3rd 47.70,and 47.77.

dont forget its been a long weekend in the uk.with easter hols.and i have always found from as far back to the earlier 80s

it always dropped on a weekend.

all above rates are TT SCB.BANK.

hols.over back to work, scb bank 8.16am. TT rate=47.95 to the gbp.its up,up, and --.

Wo is me.. I have uk pension

Me too - and it's not a "sudden drop" £ has been declining against the baht for the last 12 months - see

www.x-rates.com/graph/?from=GBP&to=THB

Today is up slightly at 48.398

The main move is a weak $ on the back of bad jobs data on Friday. hence $ weak, Oil, Gold and other commodities up.

And most major markets were closed for a long Good Friday weekend and local markets were closed for Chakri Day so there may have been a backlog of orders that hit at one time somewhat erratically.

Wo is me.. I have uk pension

Wo is me.. I have uk pension? Oh how sad!

The Thais are copying the Chinese and artifially inflating the baht. No logical reason the baht is still so strong.

Wo is me.. I have uk pension

Me too - and it's not a "sudden drop" £ has been declining against the baht for the last 12 months - see

www.x-rates.com/graph/?from=GBP&to=THB

Today is up slightly at 48.398.

scb.bank who useually have the best TT.rate at 10.49am.=48.06.