webfact Posted January 20, 2017 Share Posted January 20, 2017 Baht will likely fluctuate this year BANGKOK, 20 January 2017 (NNT) - Executives of commercial banks have forecast that the baht currency will likely fluctuate more than last year mainly due to the uncertainty about the policy of the new US President. Executive of Kasikornbank Kiit Charornkitchaichana said the US politics was the key factor affecting the Thai currency during this period. This year, the baht will have a tendency to fluctuate either by depreciating and appreciating quickly. The bank therefore forecast the baht’s value this year will stay around 35-37 baht to the USD, said the executive. Meanwhile, TMB Analytics of TMB Bank has predicted that this year’s baht currency will be on the depreciation side although it appreciated against the USD in the last two weeks. This baht appreciation was the result of USD currency speculation, said the bank. TBM added that the Thai economy and other economies in the Asian region will rebound this year, leading to capital inflows. The baht will likely move between 35.50 – 36.80 baht to the USD. -- nnt 2017-01-20 Link to comment Share on other sites More sharing options...
webfact Posted January 20, 2017 Author Share Posted January 20, 2017 Central bank awaits Trump’s policy before determining effect on GDP BANGKOK, 20 January 2016 (NNT) – The Bank of Thailand is now waiting to hear clear policy of United States President Donald Trump before determining a potential effect on Thailand's GDP. Bank of Thailand (BOT) Governor Veerathai Santiprabhob said the inauguration of the new US President is making a significant change to the world in trade and investment policies, many of which, he said, could affect positively. Mr. Veerathai said if Donald Trump achieved the US economic stimulation goals and managed to improve the US economy, Thailand would positively benefit. But, he said, the more restrictive international trade policy might probably cause an adverse effect to the Thai economy. He said the Bank of Thailand will review in detail the new US economic policies before analyzing the potential effect on the Thai economic growth. The BOT governor admitted the currency exchange rate will fluctuate more largely due to the strengthening of the US dollar in late 2016, followed by the weakening of the currency in the past two weeks. He said Thai investors in the foreign exchange market will have to be more capable of managing risks and fluctuations in the future. -- nnt 2017-01-20 Link to comment Share on other sites More sharing options...
RichardColeman Posted January 21, 2017 Share Posted January 21, 2017 So hope is really slides - atleast until my GBP transactions from UK each month pick up ! Link to comment Share on other sites More sharing options...
Deez Posted January 21, 2017 Share Posted January 21, 2017 "Baht will likely fluctuate this year" Thanks for that!! Link to comment Share on other sites More sharing options...
Srikcir Posted January 21, 2017 Share Posted January 21, 2017 19 hours ago, webfact said: Baht will likely fluctuate this year About as useful as Baht will continue this year Link to comment Share on other sites More sharing options...
zorro1 Posted January 21, 2017 Share Posted January 21, 2017 Baht will go up and down. How much they paying this dude? Link to comment Share on other sites More sharing options...
Brer Fox Posted January 21, 2017 Share Posted January 21, 2017 20 hours ago, webfact said: Thai economy and other economies in the Asian region will rebound this year, leading to capital inflows. So says the TBM Bank gurus after gazing into their economic crystal ball. Asian economies other than Thailand don't need to rebound. Most of them are doing very nicely thank you and will probably stay on their upward trend. It is mainly Thailand's economy that needs a rebound if in fact there is going to be one. Countries ruled by military juntas tend not to be a great attraction for capital inflows. Link to comment Share on other sites More sharing options...
Banana7 Posted January 21, 2017 Share Posted January 21, 2017 I highly recommend accumulating USD. With President Trump, there will be massive inflow of money into USA to invest in US based companies. Mexico will get hit very hard. Anybody manufacturing in Mexico and shipping product into USA will encounter big problems. China is highly vulnerable. Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 (edited) 7 minutes ago, Banana7 said: I highly recommend accumulating USD. With President Trump, there will be massive inflow of money into USA to invest in US based companies. Mexico will get hit very hard. Anybody manufacturing in Mexico and shipping product into USA will encounter big problems. China is highly vulnerable. The US has been accumulating gold for the past six months, more going in than out for the first time in a long time, that means some people think the dollar is going to go down. I shouldn't have too much faith in Trump, he may have a lot of money, but if he had just held on to his daddy's investments he would be worth roughly twice as much, in reality he is a poor investor. Edited January 21, 2017 by Shawn0000 Link to comment Share on other sites More sharing options...
fruitman Posted January 21, 2017 Share Posted January 21, 2017 A strong baht will ruin thai export plus tourism. Within a few years those sectors will be damaged badly and maybe can't recover from that. On top of that the Chinese will loose export and income. A strong baht is not good at all for Thailand. Yes it's good for the ones who go on holidays abroad. Link to comment Share on other sites More sharing options...
Bluespunk Posted January 21, 2017 Share Posted January 21, 2017 33 minutes ago, Banana7 said: I highly recommend accumulating USD. With President Trump, there will be massive inflow of money into USA to invest in US based companies. Mexico will get hit very hard. Anybody manufacturing in Mexico and shipping product into USA will encounter big problems. China is highly vulnerable. Dream on. Link to comment Share on other sites More sharing options...
PatOngo Posted January 21, 2017 Share Posted January 21, 2017 "Uncertainty about US politics"..............would that be in comparison to the certainty of Thai politics??? Link to comment Share on other sites More sharing options...
SaintLouisBlues Posted January 21, 2017 Share Posted January 21, 2017 9 minutes ago, PatOngo said: "Uncertainty about US politics"..............would that be in comparison to the certainty of Thai politics??? Or the relative importance of each in the grand scheme of things Link to comment Share on other sites More sharing options...
Srikcir Posted January 21, 2017 Share Posted January 21, 2017 54 minutes ago, Shawn0000 said: The US has been accumulating gold for the past six months ???? http://www.tradingeconomics.com/united-states/gold-reserves Unchanged since 2007 at 8,133.4 tons Maybe you mean US investors rather than the nation. Link to comment Share on other sites More sharing options...
IAMHERE Posted January 21, 2017 Share Posted January 21, 2017 It is going to be several months before Trump works his way down his list to Thailand, even if it is alphabetical. Hope the exchange goes up past 36 for months at a time. Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 20 minutes ago, Srikcir said: ???? http://www.tradingeconomics.com/united-states/gold-reserves Unchanged since 2007 at 8,133.4 tons Maybe you mean US investors rather than the nation. I just mean totals in and out, we have no way of knowing who it is coming from or going to, certainly not the reserve though, most likely shops speculating that there will be a rush on sales post Trumps inauguration considering he is rather volatile. Link to comment Share on other sites More sharing options...
impulse Posted January 21, 2017 Share Posted January 21, 2017 18 minutes ago, Srikcir said: ???? http://www.tradingeconomics.com/united-states/gold-reserves Unchanged since 2007 at 8,133.4 tons Maybe you mean US investors rather than the nation. I also wonder how much of the influx (alleged influx- but I have no reason to doubt Shawn's statement- I just don't know) is physical gold and how much is paper gold. Link to comment Share on other sites More sharing options...
Banana7 Posted January 21, 2017 Share Posted January 21, 2017 1 hour ago, Bluespunk said: Dream on. Yes, I'm dreaming of 40+ baht to 1 USD by 2017 year-end. Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 39 minutes ago, impulse said: I also wonder how much of the influx (alleged influx- but I have no reason to doubt Shawn's statement- I just don't know) is physical gold and how much is paper gold. Apparently is was physical gold, more came into the US in one month, it was sometime in the Autumn, than had left the US in the last couple years, it was I believe, in Money magazine that I read it, and it was astounding the experts who had never seen anything like it. The only explanation given was that it could be due to forthcoming market uncertainty due to the election, but that doesn't seem to be happening anyway now that Trump is here as gold continues to fall. Link to comment Share on other sites More sharing options...
impulse Posted January 21, 2017 Share Posted January 21, 2017 5 minutes ago, Shawn0000 said: The only explanation given was that it could be due to forthcoming market uncertainty due to the election I just hope it doesn't mean gold front teeth are coming back into style... Link to comment Share on other sites More sharing options...
Srikcir Posted January 21, 2017 Share Posted January 21, 2017 7 minutes ago, Shawn0000 said: Apparently is was physical gold, more came into the US in one month, it was sometime in the Autumn, than had left the US in the last couple years, it was I believe, in Money magazine that I read it, and it was astounding the experts who had never seen anything like it. The only explanation given was that it could be due to forthcoming market uncertainty due to the election, but that doesn't seem to be happening anyway now that Trump is here as gold continues to fall. This might be part of what you're referring to - surge of gold imports from Switzerland in April 2016 into the US but followed by almost equal amount as surge export from US in May 2016. My chart showed annual amounts. https://srsroccoreport.com/whats-going-on-record-swiss-gold-flow-into-the-united-states/ Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 8 minutes ago, Srikcir said: This might be part of what you're referring to - surge of gold imports from Switzerland in April 2016 into the US but followed by almost equal amount as surge export from US in May 2016. My chart showed annual amounts. https://srsroccoreport.com/whats-going-on-record-swiss-gold-flow-into-the-united-states/ It looks to be to the same effect, but that is all about May imports, nothing about April imports which were average and nothing about May exports balancing it as you claim, and what chart of annual amounts, all you have posted is this and the US reserve amount. Link to comment Share on other sites More sharing options...
Srikcir Posted January 21, 2017 Share Posted January 21, 2017 1 minute ago, Shawn0000 said: It looks to be to the same effect, but that is all about May imports, nothing about April imports which were average and nothing about May exports balancing it as you claim, and what chart of annual amounts, all you have posted is this and the US reserve amount. Guess you'll need to find your source yourself. Link to comment Share on other sites More sharing options...
Bluespunk Posted January 21, 2017 Share Posted January 21, 2017 (edited) 42 minutes ago, Banana7 said: Yes, I'm dreaming of 40+ baht to 1 USD by 2017 year-end. 6 months from now, president pence will be taking the oath of office, how will that be for you? Edited January 21, 2017 by Bluespunk Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 6 minutes ago, Srikcir said: Guess you'll need to find your source yourself. I've been trying, I also want to see the things you just mentioned, you say that April imports were matched by May exports but posted something that shows May imports to be many many times greater than April exports, in fact higher than many years previous exports combined, so what were you referring to or did you misread it? Link to comment Share on other sites More sharing options...
Shawn0000 Posted January 21, 2017 Share Posted January 21, 2017 (edited) 26 minutes ago, Srikcir said: Guess you'll need to find your source yourself. Well, it didn't stop in May, imports were way up on the averages through June and July. http://news.goldseek.com/GoldSeek/1474812060.php in fact it was still happening in November, another 20 tons imported. https://www.bullionstar.com/blogs/gold-market-charts/gold-market-charts-november-2016/ Edited January 21, 2017 by Shawn0000 Link to comment Share on other sites More sharing options...
Sooo Upto Me Posted January 21, 2017 Share Posted January 21, 2017 (edited) 1 hour ago, impulse said: I just hope it doesn't mean gold front teeth are coming back into style... Never woz in style. Only for black people. Edited January 21, 2017 by Sooo Upto Me Missed letter Link to comment Share on other sites More sharing options...
Sooo Upto Me Posted January 21, 2017 Share Posted January 21, 2017 U.S.A causing problems again. ?? Link to comment Share on other sites More sharing options...
CharlieK Posted January 21, 2017 Share Posted January 21, 2017 (edited) deleted Edited January 21, 2017 by CharlieK Link to comment Share on other sites More sharing options...
sammieuk1 Posted January 22, 2017 Share Posted January 22, 2017 On 21/01/2017 at 8:19 AM, RichardColeman said: So hope is really slides - atleast until my GBP transactions from UK each month pick up ! Snap. Link to comment Share on other sites More sharing options...
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