Thai Baht gets a WSJ headline

[ScarpoFongness4U]

for the first time in my current memory the Thai Baht was mentioned in the Wall Street Journal currency section today May 5th, however

the part that gets me is that the article says the baht has fallen to a 5 year low,

And then quotes it at 33.24 to 33.34

Pretty much the same exchange rate I've seen there since my first visit in 2013

but I've reported I've never seen anything about Thailand in the Wall Street Journal before so I decided to make a mention about it

as far as I'm concerned as American

it hasn't changed at all

I would attach the article but I know that TV doesn't like other articles posted

Edited May 5, 2015 by ScarpoFongness4U

[NeverSure]

Sometime about when you got here or a bit before it was in the 28's to the dollar. I can recall getting about 28.5 to the dollar.

[NeverSure]

Here, the baht is at its lowest value in 5 years (USD).

http://www.tradingeconomics.com/thailand/currency

[ScarpoFongness4U]

Perhaps someone can report what the banks are giving in real time on the ground to give a clear perspective on what it means to a guy walking in to trade a few Benjamin's

[JLCrab]

Yesterday I did ATM withdrawal at KrungThai Bank from a USA bank account and (including the 180 baht fee) I got a rate of 33.17 baht per $US.

[Rooo]

Moved to correct forum.

[ScarpoFongness4U]

Yesterday I did ATM withdrawal at KrungThai Bank from a USA bank account and (including the 180 baht fee) I got a rate of 33.17 baht per $US.

So, if you withdrew $300, you received nearly 10,000 baht?

by the way depending on the bank and you can get that 180 baht returned

[mesquite]

Here's the WSJ article the OP refers to

http://on.wsj.com/1IbTtsz

The interbank rate as of 630 AM is 33.30

Edited May 6, 2015 by mesquite

[JLCrab]

Yesterday I did ATM withdrawal at KrungThai Bank from a USA bank account and (including the 180 baht fee) I got a rate of 33.17 baht per $US.

So, if you withdrew $300, you received nearly 10,000 baht?

by the way depending on the bank and you can get that 180 baht returned

I withdrew 14500 baht + 180 baht Foreign ATM fee which shows as $442.52 on my bank statement. Foreign ATM fees are credited at the end of the month.

[SheungWan]

xe.com giving mid-price rate on HKD of 4.29 so lets see what TT Currency Exchange is up and running with this morning. Got 4.21 last week.

[ScarpoFongness4U]

That's a nice little improvement from when I last withdrew $300 only to receive 9,000 baht.

[Naam]

Here, the baht is at its lowest value in 5 years (USD).

http://www.tradingeconomics.com/thailand/currency

WSJ is correct.

[bangmai]

Here is where you can follow on the ground rates: http://www.bangkokbank.com/BangkokBank/WebServices/Rates/Pages/FX_Rates.aspx

I noticed they changed 7 times last Thursday, and I hadn't seen that before. 5 day bank holiday was about like 3% down mortgages....the long term cost may not be so obvious.

[bill1369]

I received 33.12 from BKK Bank this morning on my US Treasury direct deposit. That's the most I've received in 3 or 4 years.

[bangmai]

and upped to 33.14 at mid-day.

[brling]

Here, the baht is at its lowest value in 5 years (USD).

http://www.tradingeconomics.com/thailand/currency

WSJ is correct.

USDTHB5Y.jpg

Guess you think the WSJ are Thai bashing, "Naam"

[Naam]

Here, the baht is at its lowest value in 5 years (USD).

http://www.tradingeconomics.com/thailand/currency

WSJ is correct.

USDTHB5Y.jpg

Guess you think the WSJ are Thai bashing, "Naam"

the WSJ reported a fact.there's no such thing like Thai bashing involved.

[SheungWan]

xe.com giving mid-price rate on HKD of 4.29 so lets see what TT Currency Exchange is up and running with this morning. Got 4.21 last week.

TT offering 4.25 today. Wednesday.

[Suradit69]

Not often mentioned in the WSJ, but it does get mentioned occasionally (I'm sure in 1997), including in WSJ Tweets

Thai Baht Takes a Hit as Coup Stokes Fears

Thai Baht Weakens Against the U.S. Dollar

By

MICHAEL CALIA WSJ

Thai Exporters Seek Relief From Strong Baht Local Currency’s Strength Is Hurting Overseas Shipments as Exports Attempt Rebound

May 22, 2014 6:53 p.m. ET

Thai Baht predictable now, flexibility would be buffer: WSJ

And the Thai baht receives mention from Bloomberg, CNBC, Reuters, et al

• Why this top-performing currency may falterat CNBC(Thu, Mar 5)
• Goldman Sachs Sees Baht Capped by Intervention to Shield Exportsat Bloomberg(Tue, Mar 3)
• Thai Union Frozen to raise $400 mln in share issue for Bumble Bee buyReuters(Fri, Feb 27)
• Baht Falls as Singapore Unexpectedly Eases Before Thai Meetingat Bloomberg(Tue, Jan 27)
• Thai prime minister, an ex-general, is millionaireAP(Fri, Oct 31)
• Bangkok Airways Seeks Up to $430 Million in Initial Public Offerat Bloomberg(Mon, Oct 6)
• Baht Gains on Fed-Induced Inflows Before Thai Policy Decisionat Bloomberg(Tue, Sep 16)
• Baht Heads for Weekly Drop on Fed Rate Outlook as ECB Cutsat Bloomberg(Thu, Sep 4)
• Baht Climbs With Bonds for a Third Month Amid Economic Recoveryat Bloomberg(Thu, Aug 28)
• Baht Gains This Week on Inflows Before Next Week’s GDP Figuresat Bloomberg(Fri, Aug 15)
• Baht Climbs to Two-Week High on Optimism Economy Reboundedat Bloomberg(Thu, Aug 14)
• Baht Set for Biggest Weekly Loss This Year on U.S. Rate Outlookat Bloomberg(Thu, Jul 31)
• Baht Set for Fifth Weekly Gain as Thai Bonds Attract $2 Billionat Bloomberg(Thu, Jul 24)
• Thai Baht Rises to Seven-Month High on Export Rebound, Inflowsat Bloomberg(Mon, Jul 21)

[NeverSure]

Here, the baht is at its lowest value in 5 years (USD).

http://www.tradingeconomics.com/thailand/currency

WSJ is correct.

USDTHB5Y.jpg

Yes, as I said that shows the baht at its lowest level against the USD in five years. ??

[ScarpoFongness4U]

I do not disagree with anyone posting here relevant information about the Thai Baht

I did ask my friend who lives in huai kwang, how much is getting at the local exchange and he said about 33.5

during my last trip in January I was getting no less than 32+, at the money changer near th e Toyota dealer down the street from the MRT, and only got less when I felt the need to double dip, in Pat Pong.

The ATM was giving me 9000 baht, for every $300 withdrawal plus the 150 baht fee, which some went to 180/ while I was there, but not all.

I used the purple ATM

[SheungWan]

xe.com giving mid-price rate on HKD of 4.29 so lets see what TT Currency Exchange is up and running with this morning. Got 4.21 last week.

TT offering 4.25 today. Wednesday.

TT Thursday evening 4.28 How much further to go?