Whats With The Baht & Exchange Rate Today?

[stament]

can California afford their electricity bills these days or am i getting confused again with some other state that couldn't in the past?

[elgordo38]

Mostly strengthening against the USD. Other currencies less affected.

Most likely: Thailand Central Bank intervention. There is a bandwidth in which the Bht is allowed to float. Apparently, the "lower floor" of the Bht devaluation has been reached.

Not to worry. The Thai Central Bank has not the necessary "Ammunition" to stem the decline of the Bht longer term. So, if it is a "market intervention" that is actually undergoing, it will be short lived.

Cheers.

After you explain this to me explain why the American stock market has come roaring back running against real lousy employment numbers and declining profits for American companies. Is this comeback totally based on financial junkies waiting for another QE4 fix from the Fed? Seems like the only answer. Manipulation with all the algorithmic trading going on? Puzzling at best.

Unemployment rate lowest since 2005. Lowest in California in 15 years and still declining. California is the always the future. Hi-tech companies have to have a presence there. Silicon Valley is expanding to Silicon Beach from Santa Monica to Hermosa beach. Then there are many Biotech start ups in San Diego.

Companies have lots of cash. Cheap oil and gas!

No need for QE besides the Fed needs to raise rates to have ammo for next recession.

Stock market still around 17,000, down from 18,000. Didn't exactly roar back to 18,000.

The world economy is limiting the States. But the States has the good consumer demand that the Chinese hope to have. The declaration of the death of America was premature. Or as Monty Python said: I'm not dead yet! My friends who sold everything, got rid of dollars and bought gold at 1600/oz and moved to Thailand were not realistic.

If you lived in America you would see lots of Chinese bringing their families and assets into the States because they don't trust the Chinese gov't or economy. America still has the most trusted economy. Crazy politics aside.

I would guess when the fed does start raising rates it will be very slowly and will cause money to flow to America from emerging markets.

All the above IMHO

Although I disagree with you you do present your argument in a gentlemanly manner which seems rare here or maybe because it is such a hot button issue. Some posters prefer the "giving both barrels" approach. The unemployment level is a misnomer if you look at the fact that 35% of the population would like to work but cannot find a job. Yes unemployment numbers are low but are they believable so many have just given up looking for work thanks to food stamps and generous welfare programs which distort things yet again. Then there is the large majority that would like to step up to a better job but none exists. Yes everyone Chinese etc are moving money and family there and score one for you yes America is the best of the worst economies but it is propped up for now with a 18.5 trillion dollar just federal debt. They are again raising the debt ceiling to make room for more debt. The state debts are underfunded pensions poor infrastructure(costing trillions to rectify) etc. and when the rest of the debt is figured in it gets close to 200 trillion country wide and that might even include consumer debt. I think you can Google American total debt. Now we are mature adults who have grown old not together but we grew up in a time when we needed money we went to the bank and borrowed conservatively. That is not the case now with almost zero percent interest rates. If we became overextended the bank gave us a call. We were smart enough to manage our finances to the point where we never received that call. Yes consumer spending is up hmm maybe down a bit thanks to zero percent interest rates and of course more debt. Yes businesses look good at first blush but they are creating no jobs with their decreasing profits Catapillar is a good example of trouble in the wind and there are more which I think the coming earnings season will reveal. They are also borrowing cheap money to buy back their own stock and goose profits they are building nothing and providing no jobs in fact a lot of companies are shedding jobs. Fed Express earnings are down as well and transport earnings are the canary in the economic coal mine. We both in all honesty know we are living in a fools paradise awash in funny money created by the Fed. Transportation companies are the bell weather as to how countries are faring. Margin debt to buy stocks is at an all time high 850 billion dollars and counting. Yes we can take small snapshots in present day times and beat our chests over how good things are but peel some of the layers back and look underneath and its not very pretty. If readers are older like me they will understand what I am talking about. Experience was our best teacher in the past. The stock market was not like a Casino and governments did not print money willy nilly. First rule of the stock market companies have to make money to justify their stock price. Voodoo economics will work for a period of time but not forever. With problems around the world America cannot be an island unto itself forever.

IMHO

[Gonzo the Face]

Well it has now come to the point where the baht has gained almost 1 1/4 baht against the dollar from the 2nd of the month....vellly interesting..... where do you project the turn to come......?????

[Cypress Hill]

Well it has now come to the point where the baht has gained almost 1 1/4 baht against the dollar from the 2nd of the month....vellly interesting..... where do you project the turn to come......?????

No turn. Well, of course there'll be a turn EVENTUALLY but not yet.

This unwinding of the USD against THB and other EM currencies will deepen as the economic data deteriorates as it surely will.

Once it's obvious there's no acceleration coming in the US economy, the dollar will weaken significantly.

Expect calls for STIMULUS to grow louder

They won't call it "QE4" unless they can convince everyone that the first three rounds of QE actually worked.

Think that's a tall order? Well, they convinced the world for over a year they were going to hike rates, didn't they?

Position yourself for stimulus. Whether it comes in 2016 or 2017, it's coming.

[Berkshire]

This may explain (partially) the volatility as of late....

http://www.thaivisa.com/forum/topic/861627-more-foreign-investment-in-thai-shares-anticipated/

Edited October 12, 2015 by Berkshire

[ableguy]

Yes, I am also surprised to see it. Don't know what's going on here

The Euro and the Pound have also dropped against the Baht in the same timeframe.

The Pound is currently 54.77, as opposed to 55.26 at 7.30 this morning. Dollar at 35.87 against 36.3 at 7.30 am.

Nothing earth shattering here the rate fluctuates every day similar to these. Ups and downs.

[sandyf]

Yes, I am also surprised to see it. Don't know what's going on here

The Euro and the Pound have also dropped against the Baht in the same timeframe.

The Pound is currently 54.77, as opposed to 55.26 at 7.30 this morning. Dollar at 35.87 against 36.3 at 7.30 am.

Nothing earth shattering here the rate fluctuates every day similar to these. Ups and downs.

Nobody said earth shattering, rampant exaggeration as usual.

Dollar at 35.15 this morning, seem to have lost the ups at the moment.

[stament]

yeah :-((((