fish fingers Posted April 6, 2015 Share Posted April 6, 2015 (edited) Whoa, nearly a baht difference, down to 47.7 in a couple of hrs(which is big). What happened? Edited April 6, 2015 by fish fingers Link to comment Share on other sites More sharing options...
angiolo Posted April 6, 2015 Share Posted April 6, 2015 Wo is me.. I have uk pension Link to comment Share on other sites More sharing options...
Aussieroaming Posted April 6, 2015 Share Posted April 6, 2015 Either UK elections or because tourism is up in LOS Link to comment Share on other sites More sharing options...
willyumiii Posted April 6, 2015 Share Posted April 6, 2015 and to the USD? Still 31 / 1.00 So, what is going on? Link to comment Share on other sites More sharing options...
chiang mai Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
CharlieH Posted April 6, 2015 Share Posted April 6, 2015 Wrong forum MOVED to Financial Link to comment Share on other sites More sharing options...
xbusman Posted April 6, 2015 Share Posted April 6, 2015 Large movement today against most currencies. Something is going on. Link to comment Share on other sites More sharing options...
dave2 Posted April 6, 2015 Share Posted April 6, 2015 re Something is going on its yinglucks fault just joshin .. ill get my coat ! dave2 Link to comment Share on other sites More sharing options...
MrWorldwide Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
Pib Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
Robert24 Posted April 6, 2015 Share Posted April 6, 2015 The main move is a weak $ on the back of bad jobs data on Friday. hence $ weak, Oil, Gold and other commodities up. Link to comment Share on other sites More sharing options...
MrWorldwide Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
rwdrwdrwd Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
chiang mai Posted April 6, 2015 Share Posted April 6, 2015 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 Link to comment Share on other sites More sharing options...
PCA Posted April 6, 2015 Share Posted April 6, 2015 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. Link to comment Share on other sites More sharing options...
pmarlin Posted April 6, 2015 Share Posted April 6, 2015 and to the USD? Still 31 / 1.00 So, what is going on? 32 + to $1 and has been that way for awhile. Link to comment Share on other sites More sharing options...
Swiss1960 Posted April 6, 2015 Share Posted April 6, 2015 slow trading on Eastern weekend is the whole "secret", thus single trades have bigger impact on exchange rate. Link to comment Share on other sites More sharing options...
chiang mai Posted April 6, 2015 Share Posted April 6, 2015 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! Link to comment Share on other sites More sharing options...
johnnybgood Posted April 7, 2015 Share Posted April 7, 2015 (edited) ^ 5555 About the only thing worth signing in for today. Edited April 7, 2015 by johnnybgood Link to comment Share on other sites More sharing options...
meatboy Posted April 7, 2015 Share Posted April 7, 2015 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. Link to comment Share on other sites More sharing options...
Jeffrey346 Posted April 7, 2015 Share Posted April 7, 2015 and to the USD? Still 31 / 1.00 So, what is going on? Where are you seeing $31. it's been $32.42 to $32.46 for days. Link to comment Share on other sites More sharing options...
jacko45k Posted April 7, 2015 Share Posted April 7, 2015 There was a gradual climb against the US$ then a sharp drop yesterday. Link to comment Share on other sites More sharing options...
willyumiii Posted April 7, 2015 Share Posted April 7, 2015 (edited) 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, 2015 by willyumiii Link to comment Share on other sites More sharing options...
stuurman Posted April 7, 2015 Share Posted April 7, 2015 I'm looking on xe.com and over the last week the Baht is getting weaker against several currencies. €, Sing $, Ringgit Link to comment Share on other sites More sharing options...
meatboy Posted April 7, 2015 Share Posted April 7, 2015 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 --. Link to comment Share on other sites More sharing options...
Farang99 Posted April 7, 2015 Share Posted April 7, 2015 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 Link to comment Share on other sites More sharing options...
Suradit69 Posted April 7, 2015 Share Posted April 7, 2015 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. Link to comment Share on other sites More sharing options...
Moonlover Posted April 7, 2015 Share Posted April 7, 2015 Wo is me.. I have uk pension Wo is me.. I have uk pension? Oh how sad! Link to comment Share on other sites More sharing options...
calmwaters448 Posted April 7, 2015 Share Posted April 7, 2015 The Thais are copying the Chinese and artifially inflating the baht. No logical reason the baht is still so strong. Link to comment Share on other sites More sharing options...
meatboy Posted April 7, 2015 Share Posted April 7, 2015 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. Link to comment Share on other sites More sharing options...
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