las vegas hobo Posted March 11, 2016 Share Posted March 11, 2016 The US Dollar has weaken this week against the Bt. What is the reason? Link to comment Share on other sites More sharing options...
Woody1 Posted March 11, 2016 Share Posted March 11, 2016 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. Link to comment Share on other sites More sharing options...
chiang mai Posted March 11, 2016 Share Posted March 11, 2016 Link to comment Share on other sites More sharing options...
NanLaew Posted March 11, 2016 Share Posted March 11, 2016 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 Link to comment Share on other sites More sharing options...
chiang mai Posted March 11, 2016 Share Posted March 11, 2016 The previous reason is more entertaining. Link to comment Share on other sites More sharing options...
lovelomsak Posted March 11, 2016 Share Posted March 11, 2016 Not sure why either but has weakened against the canadian dollar too. I think it has something to do with the oil industry. Link to comment Share on other sites More sharing options...
Rimmer Posted March 11, 2016 Share Posted March 11, 2016 This is not Pattaya specific and should be posted in the Banking Forum //MOVED// Link to comment Share on other sites More sharing options...
Suradit69 Posted March 11, 2016 Share Posted March 11, 2016 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. Link to comment Share on other sites More sharing options...
chiang mai Posted March 11, 2016 Share Posted March 11, 2016 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. Link to comment Share on other sites More sharing options...
las vegas hobo Posted March 12, 2016 Author Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
Ireland32 Posted March 12, 2016 Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
chiang mai Posted March 12, 2016 Share Posted March 12, 2016 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? Link to comment Share on other sites More sharing options...
las vegas hobo Posted March 12, 2016 Author Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
Ireland32 Posted March 12, 2016 Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
chiang mai Posted March 12, 2016 Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
AlexRRR Posted March 12, 2016 Share Posted March 12, 2016 It's a game money men play.... Link to comment Share on other sites More sharing options...
NanLaew Posted March 12, 2016 Share Posted March 12, 2016 (edited) 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, 2016 by NanLaew Link to comment Share on other sites More sharing options...
Dave12345678910 Posted March 12, 2016 Share Posted March 12, 2016 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 Link to comment Share on other sites More sharing options...
Naam Posted March 13, 2016 Share Posted March 13, 2016 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? Link to comment Share on other sites More sharing options...
linksman00 Posted March 14, 2016 Share Posted March 14, 2016 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. Link to comment Share on other sites More sharing options...
linksman00 Posted March 14, 2016 Share Posted March 14, 2016 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 Link to comment Share on other sites More sharing options...
chiang mai Posted March 14, 2016 Share Posted March 14, 2016 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. Link to comment Share on other sites More sharing options...
IMA_FARANG Posted March 14, 2016 Share Posted March 14, 2016 (edited) 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, 2016 by IMA_FARANG Link to comment Share on other sites More sharing options...
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