March 11, 201610 yr It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this.
March 11, 201610 yr Global currency markets ran into turbulence on Wednesday, as investors dumped the dollar amid falling interest rates in the U.S. and continued nervousness about global economy, crushing a slew of popular trades so far this year. From the WSJ
March 11, 201610 yr Not sure why either but has weakened against the canadian dollar too. I think it has something to do with the oil industry.
March 11, 201610 yr This is not Pattaya specific and should be posted in the Banking Forum //MOVED// Arnold Judas Rimmer of Jupiter Mining Corporation Ship Red Dwarf
March 11, 201610 yr It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this. One hopes that you are being facetious. I have this vision of those in London and NY, who tend to control exchange rates, with red phones to their ears screaming the latest news from Sattahip and shouting BUY BAHT.
March 11, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.
March 12, 201610 yr Author The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Today the US Dollar is 36.03
March 12, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Today the US Dollar is 36.03 wrong,it's 35.09 on XE
March 12, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Today the US Dollar is 36.03 And?
March 12, 201610 yr Author The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Today the US Dollar is 36.03 wrong,it's 35.09 on XE Ruerters 35.03
March 12, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Today the US Dollar is 36.03 wrong,it's 35.09 on XE Ruerters 35.03 so u were off a digit, u were probably reminiscing at 36
March 12, 201610 yr What I read is that offshore USD/THB has moved from 35.40 to 35.06 in the course of the week which represents a slight weakening of THB. http://www.bbc.co.uk/news/business/market_data/currency/12/11678/default.stm Onshore rates will vary
March 12, 201610 yr It's a game money men play.... From the WSJ, “This morning in London, it was very prominent that there was a squeeze of some of the popular trades that had worked very well in January,” said Richard Benson, a portfolio manager at Millennium Global Investments Ltd., a currency manager with $16 billion of assets under management. So what worked in January didn't work in March. Regardless of any sharp reversals such as oil recently topping $40/bbl and the single-day 20% increase in iron ore futures, courtesy of the Chinese merely saying they are still going to buy and build like before, the big picture is still a steady downward spiral with investors and others cashing in when and where they can as nobody has a clue how the end-game is going to play out, least of all the Chinese. Meanwhile, I'm off to stock up on water and batteries. Edited March 12, 201610 yr by NanLaew
March 12, 201610 yr I don't see any correlation with THB and USD. There's a lot of stupid things going on in the markets these days. I think a bunch of 20 year olds have taken over. One week it is doom and next it is bouncing back
March 13, 201610 yr It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this. based on this information wouldn't it be advisable to exchange Dollars in Nakhon Nowhere?
March 14, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Further FED interest rate hikes are back on the table front and center, the worldwide oil glut continues to build and the price of oil has only temporarily rebounded due to short covering, Japan and soon the EU going to neg interest rates mean the long term flow to the USD will continue.
March 14, 201610 yr It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this. One hopes that you are being facetious. I have this vision of those in London and NY, who tend to control exchange rates, with red phones to their ears screaming the latest news from Sattahip and shouting BUY BAHT. Suradit69, Your post here is priceless
March 14, 201610 yr The reason(s)? Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week. Further FED interest rate hikes are back on the table front and center, the worldwide oil glut continues to build and the price of oil has only temporarily rebounded due to short covering, Japan and soon the EU going to neg interest rates mean the long term flow to the USD will continue. To too funny.
March 14, 201610 yr Fear. The exchange dealers are like cowardly lemmings They all run for the nearest cliff to jump off of at the first hint of any "bad news" and a rumor of problems. Right now the "rumors" are "Chinese Yuan is good news, U.S dollar is bad news". Not that long before it will turn around, just wait and see. The Chinese are not going to meet their growth estimates for this year, no matter what they claim. What goes up will come back down, and what goes down now will come back up eventually. All the timid little timid lemmings will run back to the light soon enough. Edited March 14, 201610 yr by IMA_FARANG
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