BOT admits Thai baht continued to appreciate

[micmichd]

Not quite the same.

BOT admitted that not USD was depreciated and put the blame on THB.

[lostoday]

BOT admits Thai baht continued to appreciate

Seriously, this is like the weather department admitting that it rained when any fool can look out the window and see it raining

I thought it was the BOT's job to keep the Baht trading in a range where a select group of people in Thailand wanted it to trade and that the BOT reported this somewhere. I can't remember but isn't there a site that reports what the BOT spends to do this on a monthly basis?

[Thai at Heart]

http://en.m.wikipedia.org/wiki/Quantitative_easing

People on here are complaining that the baht is overvalued while the govt of the West have printed money so fast and so massively. And yet no one here has bothered to notice. Honestly. You guys think the baht is overvalued while they were printing 85bn USD per month for about 5 years and you lot on here want the USD to be strong????

Such I'll informed fools the lot of you are. You lot really do need to get off thaivisa a bit and read a few more broadsheet newspaper and the economist.

How on earth would Thailand central bank have been able to counter this avalanche of money and weaken the baht against 85bn USD per month of money printing from the federal reserve?

Note that as of January the Europeans have started 1tn euro worth of it. So, don't expect the euro to be getting any stronger for a bit. Honestly you lot, the headlines are everywhere for you to find, but instead you believe there is a Thai conspiracy to strengthen the baht.

Presumably the Thais have bought Bernanke, Draghi and Osborne off.....

[Naam]

BOT admits Thai baht continued to appreciate

Seriously, this is like the weather department admitting that it rained when any fool can look out the window and see it raining

I thought it was the BOT's job to keep the Baht trading in a range where a select group of people in Thailand wanted it to trade and that the BOT reported this somewhere. I can't remember but isn't there a site that reports what the BOT spends to do this on a monthly basis?

as far as managing the float of the Baht the BoT does not spend any money. it exchanges Baht against foreign currency.

[heybruce]

http://en.m.wikipedia.org/wiki/Quantitative_easing

People on here are complaining that the baht is overvalued while the govt of the West have printed money so fast and so massively. And yet no one here has bothered to notice. Honestly. You guys think the baht is overvalued while they were printing 85bn USD per month for about 5 years and you lot on here want the USD to be strong????

Such I'll informed fools the lot of you are. You lot really do need to get off thaivisa a bit and read a few more broadsheet newspaper and the economist.

How on earth would Thailand central bank have been able to counter this avalanche of money and weaken the baht against 85bn USD per month of money printing from the federal reserve?

Note that as of January the Europeans have started 1tn euro worth of it. So, don't expect the euro to be getting any stronger for a bit. Honestly you lot, the headlines are everywhere for you to find, but instead you believe there is a Thai conspiracy to strengthen the baht.

Presumably the Thais have bought Bernanke, Draghi and Osborne off.....

You think there are too many dollars in circulation?

Inflation is the result of too much money chasing too few goods. Deflation is the result of insufficient money for the market of goods. It seems the US, and much of the rest of the world, is closer to deflation than inflation.

[lostoday]

BOT admits Thai baht continued to appreciate

Seriously, this is like the weather department admitting that it rained when any fool can look out the window and see it raining

I thought it was the BOT's job to keep the Baht trading in a range where a select group of people in Thailand wanted it to trade and that the BOT reported this somewhere. I can't remember but isn't there a site that reports what the BOT spends to do this on a monthly basis?

as far as managing the float of the Baht the BoT does not spend any money. it exchanges Baht against foreign currency.

Yes you said it better than I. Isn't a site that reports this?

[chiang mai]

Thailand got rid of the basket of currencies in 1997.

http://www.thaivisa.com/forum/topic/819542-bot-admits-thai-baht-continued-to-appreciate/page-3#entry9335530

[lostoday]

Thailand got rid of the basket of currencies in 1997.

http://www.thaivisa.com/forum/topic/819542-bot-admits-thai-baht-continued-to-appreciate/page-3#entry9335530

Thailand's currency used to be pegged to the dollar. Then it was pegged to a basked of currencies. Is Thailand's currency now pegged to a basket of currencies. Easy question. Yes or no answer.

[chiang mai]

Thailand got rid of the basket of currencies in 1997.

http://www.thaivisa.com/forum/topic/819542-bot-admits-thai-baht-continued-to-appreciate/page-3#entry9335530

Thailand's currency used to be pegged to the dollar. Then it was pegged to a basked of currencies. Is Thailand's currency now pegged to a basket of currencies. Easy question. Yes or no answer.

Pegged implies a fixed point and THB is not fixed against anything.

BOT operates a managed float, it uses a basket of curencies to determine float parameters.

[lostoday]

Thailand got rid of the basket of currencies in 1997.

http://www.thaivisa.com/forum/topic/819542-bot-admits-thai-baht-continued-to-appreciate/page-3#entry9335530

Thailand's currency used to be pegged to the dollar. Then it was pegged to a basked of currencies. Is Thailand's currency now pegged to a basket of currencies. Easy question. Yes or no answer.

Pegged implies a fixed point and THB is not fixed against anything.

BOT operates a managed float, it uses a basket of curencies to determine float parameters.

Of course. How else would one operate. The question here was, I thought, was is the Thai baht pegged to a basket of currency and the answer is no. It is a manage float. They also look at the price of oil and the price of gold and interest rates and the price of all raw materials that you could say was in the basket if you use that term to evaluate how the baht moves.

[chiang mai]

http://www.thaivisa.com/forum/topic/819542-bot-admits-thai-baht-continued-to-appreciate/page-3#entry9335530

Thailand's currency used to be pegged to the dollar. Then it was pegged to a basked of currencies. Is Thailand's currency now pegged to a basket of currencies. Easy question. Yes or no answer.

Pegged implies a fixed point and THB is not fixed against anything.

BOT operates a managed float, it uses a basket of curencies to determine float parameters.

Of course. How else would one operate. The question here was, I thought, was is the Thai baht pegged to a basket of currency and the answer is no. It is a manage float. They also look at the price of oil and the price of gold and interest rates and the price of all raw materials that you could say was in the basket if you use that term to evaluate how the baht moves.

BOT manages the THB float against currencies, not against commodities.

[lostoday]

Pegged implies a fixed point and THB is not fixed against anything.

BOT operates a managed float, it uses a basket of curencies to determine float parameters.

Of course. How else would one operate. The question here was, I thought, was is the Thai baht pegged to a basket of currency and the answer is no. It is a manage float. They also look at the price of oil and the price of gold and interest rates and the price of all raw materials that you could say was in the basket if you use that term to evaluate how the baht moves.

BOT manages the THB float against currencies, not against commodities.

Semantic argument as many currencies are based on commodities.

[chiang mai]

No significant or useful currency is based solely on commodities,

[micmichd]

Wish every currency exchange rate was as stable as THB / USD.

[lostoday]

No significant or useful currency is based solely on commodities,

Semantics again. Define solely and significant and useful.

You do all the calculations and formulas and then a VIP calls up and says can we to 33 today and the BOT says sure. You couldn't do that when it was pegged.

Edited April 25, 2015 by lostoday

[chiang mai]

The debate is about the appreciation of THB, if you want to discuss your point, start a new thread.

[lostoday]

Wish every currency exchange rate was as stable as THB / USD.

For the past ten years?

[lostoday]

The debate is about the appreciation of THB, if you want to discuss your point, start a new thread.

OK by me but you first had to clear out the folks that thought it appreciated because it was pegged to the dollar or a basket of currency. Because if it was that would be the answer to why the baht continues to appreciate.

My question would be has everyone been educated on what makes the baht appreciate now and if so what are those factors.

[chiang mai]

Perhaps you should search the TVF on those points, over and out!

[micmichd]

Wish every currency exchange rate was as stable as THB / USD.

For the past ten years?

For the past year.

Edited April 25, 2015 by micmichd

[Naam]

No significant or useful currency is based solely on commodities,

Semantics again. Define solely and significant and useful.

You do all the calculations and formulas and then a VIP calls up and says can we to 33 today and the BOT says sure. You couldn't do that when it was pegged.

i have solely sex with my wife. that's significant and useful because it avoids trouble at home

[metisdead]

An inflammatory post has been removed as well as a reply.

[EricBerg]

The world's major currencies are affected by their countries own domestic economic situation. Yet the Thai baht's value appears to be impervious to Thailand's economic frailties.

Why?

Well, lets just pretend you are in a position where you can gain large maounts of baht, we all know that there is zer corruption in Thailand so there of course is no way that wealth could be gained by a Gov emplloyee on 30,000b a month, but just pretend...

Developed countries lets otheres buy stuff there, not like Thailand, and say one wants to get their money out of Thailand beofre the housing bubble pops, you get more bang for your baht with it artifically strong.

We recently sold our Phuket home in a bad market for an decent price. Decent because of the strong baht. Now we got in effect more euros for it than when we bought it nearly seven years ago. IMO the baht will drop big time within latest a few years. Then, if the mrs. wants to have a Phuket/Krabi home again we'll get similar way more cheap.

Income from tourism is down already. The enthousiasm of westerners to live in the Kingdom part-time or full-time is going less as well. Stop and frisk actions, the ever present scams, raising of entry fees for nationals parks tenfold, double pricing etc. have a lasting impact. Authorities have chosen for the Chinese and the (disappearing) Russians as their "quality" tourists. They don't spend too much though. The many rich Chinese chose other places for tourism and for buying extra homes. Prices in Emporium, Paragon and similar places of many luxury goods and clothes are already higher than in Europe. The BKK condo market looks like a bubble ready to snap.

Should US and EU imports of seafood from Thailand stop because of the slavery in the industy, the Kingdom will be hit hard. No Thai, be it ricefarmer or "amart", wants that. But ignorance, incompetence, tunnelvision and lack of education with many that set the rules of the game will prove to be a destructive force in a beautiful country with great resources and in general a quality population.

[Thai at Heart]

http://en.m.wikipedia.org/wiki/Quantitative_easing

People on here are complaining that the baht is overvalued while the govt of the West have printed money so fast and so massively. And yet no one here has bothered to notice. Honestly. You guys think the baht is overvalued while they were printing 85bn USD per month for about 5 years and you lot on here want the USD to be strong????

Such I'll informed fools the lot of you are. You lot really do need to get off thaivisa a bit and read a few more broadsheet newspaper and the economist.

How on earth would Thailand central bank have been able to counter this avalanche of money and weaken the baht against 85bn USD per month of money printing from the federal reserve?

Note that as of January the Europeans have started 1tn euro worth of it. So, don't expect the euro to be getting any stronger for a bit. Honestly you lot, the headlines are everywhere for you to find, but instead you believe there is a Thai conspiracy to strengthen the baht.

Presumably the Thais have bought Bernanke, Draghi and Osborne off.....

You think there are too many dollars in circulation?

Inflation is the result of too much money chasing too few goods. Deflation is the result of insufficient money for the market of goods. It seems the US, and much of the rest of the world, is closer to deflation than inflation.

Hence why they keep printing more and keep interest rates as low as the do, in a desperate measure to try to avoid deflation.

Deflation may also be an insufficient amount of demand.

They have been desperately trying to inflate their way out of recession since 2008. In fact some say that will be the only way these debt will ever be repaid.

And yet apparently the baht is too strong......

[jerojero]

Can't continue forever unabated. Slowing economy is always followed by a weakening of currency.

[Naam]

Can't continue forever unabated. Slowing economy is always followed by a weakening of currency.

don't hold your breath.

[lostoday]

The world's major currencies are affected by their countries own domestic economic situation. Yet the Thai baht's value appears to be impervious to Thailand's economic frailties.

Why?

Well, lets just pretend you are in a position where you can gain large maounts of baht, we all know that there is zer corruption in Thailand so there of course is no way that wealth could be gained by a Gov emplloyee on 30,000b a month, but just pretend...

Developed countries lets otheres buy stuff there, not like Thailand, and say one wants to get their money out of Thailand beofre the housing bubble pops, you get more bang for your baht with it artifically strong.

We recently sold our Phuket home in a bad market for an decent price. Decent because of the strong baht. Now we got in effect more euros for it than when we bought it nearly seven years ago. IMO the baht will drop big time within latest a few years. Then, if the mrs. wants to have a Phuket/Krabi home again we'll get similar way more cheap.

Income from tourism is down already. The enthousiasm of westerners to live in the Kingdom part-time or full-time is going less as well. Stop and frisk actions, the ever present scams, raising of entry fees for nationals parks tenfold, double pricing etc. have a lasting impact. Authorities have chosen for the Chinese and the (disappearing) Russians as their "quality" tourists. They don't spend too much though. The many rich Chinese chose other places for tourism and for buying extra homes. Prices in Emporium, Paragon and similar places of many luxury goods and clothes are already higher than in Europe. The BKK condo market looks like a bubble ready to snap.

Should US and EU imports of seafood from Thailand stop because of the slavery in the industy, the Kingdom will be hit hard. No Thai, be it ricefarmer or "amart", wants that. But ignorance, incompetence, tunnelvision and lack of education with many that set the rules of the game will prove to be a destructive force in a beautiful country with great resources and in general a quality population.

The country (Thailand) mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important. Agricultural goods, mainly rice and rubber, account for 8 percent of total shipments. Major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent). http://www.tradingeconomics.com/thailand/exports

What you should draw from the above information is 1. China and Japan are the big wheels. 2. China and Japan eat a lot of fish. 3. Thailand mainly exports manufactured goods. 4. The posters on Thai Visa have been saying the housing market in Bangkok was a bubble for 10 years. 5. Thailand is a better bet for real estate than China and Chinese know this. The bubble is made of Kevlar.