webfact Posted January 22, 2017 Share Posted January 22, 2017 TNSC: Thai currency to depreciate against US dollar this year BANGKOK, 23 January 2017 (NNT) – The Thai National Shippers’ Council believes that the Thai currency could touch 37 baht per US dollar by the end of this year as a result of Donald Trump’s economic policies. Nopporn Thepsithar, the chairperson of the Thai National Shippers’ Council (TNSC), said this weekend that the monetary and fiscal policies of President Trump are the start of economic changes in the United States, pointing out that there will be more investments that will result in large capital inflows into the US. Consequently, the US dollar will appreciate against other currencies including the Thai baht. The TNSC chief is convinced that the value of the Thai baht will stand around 36 baht per US dollar in mid-2017 and could potentially drop to 37 baht per dollar at year’s end. He was however optimistic about the situation, saying a devaluation of the Thai currency would boost the country’s exports. Nopporn went on to say that the agency will keep a watchful eye on Trump’s policies and the economic status of the US. -- nnt 2017-01-23 Link to comment Share on other sites More sharing options...
NCC1701A Posted January 22, 2017 Share Posted January 22, 2017 " Nopporn went on to say that the agency will keep a watchful eye on Trump’s policies and the economic status of the US." I feel better already. Link to comment Share on other sites More sharing options...
ezzra Posted January 22, 2017 Share Posted January 22, 2017 Right now, no one knows what Trump will do, not even Trump himself, so to stand up and predict that, will be not better than predicting next month weather and just as accurate.... Link to comment Share on other sites More sharing options...
Merzik Posted January 22, 2017 Share Posted January 22, 2017 57 minutes ago, ezzra said: Right now, no one knows what Trump will do, not even Trump himself, so to stand up and predict that, will be not better than predicting next month weather and just as accurate.... Not true. Trump has made it clear exactly what he will do : http://washingtonfeed.com/breaking-trumps-28-point-plan-for-his-presidency-revealed-this-is-exactly-what-america-needs.html Link to comment Share on other sites More sharing options...
ChrisY1 Posted January 23, 2017 Share Posted January 23, 2017 1 hour ago, Merzik said: Not true. Trump has made it clear exactly what he will do : http://washingtonfeed.com/breaking-trumps-28-point-plan-for-his-presidency-revealed-this-is-exactly-what-america-needs.html I hadn't read this earlier, but have to say I agree with most of it.... Link to comment Share on other sites More sharing options...
BuaBS Posted January 23, 2017 Share Posted January 23, 2017 Trump says the USD is too strong. The THB could be back at 27 THB/USD !! Let's hope so ! Link to comment Share on other sites More sharing options...
KarenBravo Posted January 23, 2017 Share Posted January 23, 2017 US interest rates are going to go up, making it a more desirable currency to hold which creates demand which will increase it's value compared to the Baht. This is not taking into account any Trump policies. Link to comment Share on other sites More sharing options...
Prbkk Posted January 23, 2017 Share Posted January 23, 2017 15 minutes ago, KarenBravo said: US interest rates are going to go up, making it a more desirable currency to hold which creates demand which will increase it's value compared to the Baht. This is not taking into account any Trump policies. Yes, true...up to the point a strong USD damages the economy by making US exports too expensive ( and imports too cheap). It's the never ending cycle. The Baht is largely irrelevant in these equations. Link to comment Share on other sites More sharing options...
chiang mai Posted January 23, 2017 Share Posted January 23, 2017 30 minutes ago, BuaBS said: Trump says the USD is too strong. The THB could be back at 27 THB/USD !! Let's hope so ! Er, um, 27 baht would make the Baht super strong and the headline is about wanting to depreciate the Baht from its current circa 36.! Link to comment Share on other sites More sharing options...
LazySlipper Posted January 23, 2017 Share Posted January 23, 2017 (edited) Looking forward to seeing what our pretty boy Canadian PM is going to do. Hope Trump says, "Your fired!" Seriously, Canadian dollar has to go up against the bht. Been four years of losing serious money because of a weak loonie. 30 bht to the Canadian dollar used to be good, but 25 -- 26 OMG that sucks. Edited January 23, 2017 by LazySlipper Link to comment Share on other sites More sharing options...
wprime Posted January 23, 2017 Share Posted January 23, 2017 32 minutes ago, KarenBravo said: US interest rates are going to go up, making it a more desirable currency to hold which creates demand which will increase it's value compared to the Baht. This is not taking into account any Trump policies. Interest rates are projected to rise because of an expected increase in demand for USD, not the other way. Just look at the long term treasury yields. Also the TNSC's confidence is misplaced (or more likely intentional to influence market confidence), the dropping THB will not boost exports, it'll merely compensate for declining exports so the net effect is just increased import costs and reduced local spending capacity. Link to comment Share on other sites More sharing options...
Prbkk Posted January 23, 2017 Share Posted January 23, 2017 6 minutes ago, LazySlipper said: Looking forward to seeing what our pretty boy Canadian PM is going to do. Hope Trump say, "Your fired!" Seriously, Canadian dollar has to go up against the bht. Been four years of losing serious money because of a weak loonie. 30 bht to the Canadian dollar used to be good, but 25 -- 26 OMG that sucks. Trudeau has been good, certainly not a weak loonie. Link to comment Share on other sites More sharing options...
LazySlipper Posted January 23, 2017 Share Posted January 23, 2017 2 minutes ago, Prbkk said: Trudeau has been good, certainly not a weak loonie. Sorry, he is an ego maniac. Only thing he is good at is promoting himself. The Canadian dollar has been weak for a few years but it has reached rock bottom lately. ... If you can name one thing he has done that is good maybe I will change my mind, but for now the jury is still out. Link to comment Share on other sites More sharing options...
mikebell Posted January 23, 2017 Share Posted January 23, 2017 Uk pound has dived from 73 when I first came here to 43 now. How many Brits on a frozen state pension have been starved back to UK? Thailand loses a minimum 65,000 a month each time. I am forced to sell my house cheap to return to Europe. Link to comment Share on other sites More sharing options...
Hulu Posted January 23, 2017 Share Posted January 23, 2017 Trudeau has been good, certainly not a weak loonie.Is he good? His best friend is Soros,and you will see what happens in the future.Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
IMA_FARANG Posted January 23, 2017 Share Posted January 23, 2017 Niether you or I and also any Thai banker knows for sure. We can all have opinions, but if we really knew we would ll be millionaires, I don't know about you, but i am not a millionaire. What I do have is a U.S pension coming to me here in Thailand monthly. As long as i have the funds to live on each month, that is enough for me. Beyond that , who can say? Every day i get scam letters telling me to but Gold or some other thing. Such letters tell me to send them a token deposit of only XXX dollars and they wil make me rich. Just follow there sure fire program with my money and I will be rich. It is no more than male cow fecal matierial. Link to comment Share on other sites More sharing options...
KarenBravo Posted January 23, 2017 Share Posted January 23, 2017 26 minutes ago, wprime said: Interest rates are projected to rise because of an expected increase in demand for USD, not the other way. Just look at the long term treasury yields. Also the TNSC's confidence is misplaced (or more likely intentional to influence market confidence), the dropping THB will not boost exports, it'll merely compensate for declining exports so the net effect is just increased import costs and reduced local spending capacity. Nope....the US dollar is going to rise because the economy is strengthening. To control that growth, interest rates will go up. https://www.theguardian.com/business/interest-rates-us http://www.telegraph.co.uk/business/2016/12/10/us-federal-reserve-poised-raise-interest-rates-trump-era-looms/ Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted January 23, 2017 Share Posted January 23, 2017 (edited) 33 minutes ago, mikebell said: Uk pound has dived from 73 when I first came here to 43 now. How many Brits on a frozen state pension have been starved back to UK? Thailand loses a minimum 65,000 a month each time. I am forced to sell my house cheap to return to Europe. Why are you forced to sell your house cheap? You may have to sell your price at the current market price, but from the buyers point of view that is probably not cheap. Converted to Pounds, your house have increased in value. Edited January 23, 2017 by ExpatOilWorker Link to comment Share on other sites More sharing options...
kiwikeith Posted January 23, 2017 Share Posted January 23, 2017 1 hour ago, KarenBravo said: US interest rates are going to go up, making it a more desirable currency to hold which creates demand which will increase it's value compared to the Baht. This is not taking into account any Trump policies. If the dollar goes up then it is good for expats and tourists, but bad for Thais and petrol prices. Link to comment Share on other sites More sharing options...
Pib Posted January 23, 2017 Share Posted January 23, 2017 Everybody gets a different answer when using their FX Ouija Board as to what the future exchange will be. Link to comment Share on other sites More sharing options...
kalidescopemind Posted January 23, 2017 Share Posted January 23, 2017 The FED is poised to raise interest rates that have been at historic lows, which will strengthen the USD. Republicans are expected to go on an infrastructure "spending spree" now the Obama won't get credit, unfinanced, which will push up interest rates further. When it comes crashing down is the only question. Link to comment Share on other sites More sharing options...
Stone Inscription 1 Posted January 23, 2017 Share Posted January 23, 2017 1 hour ago, LazySlipper said: Looking forward to seeing what our pretty boy Canadian PM is going to do. Hope Trump says, "Your fired!" Seriously, Canadian dollar has to go up against the bht. Been four years of losing serious money because of a weak loonie. 30 bht to the Canadian dollar used to be good, but 25 -- 26 OMG that sucks. Make that 24 baht now..... Link to comment Share on other sites More sharing options...
little mary sunshine Posted January 23, 2017 Share Posted January 23, 2017 And my crystal ball says B42 to the US dollar!.... Link to comment Share on other sites More sharing options...
sanukjim Posted January 23, 2017 Share Posted January 23, 2017 GREAT ! Link to comment Share on other sites More sharing options...
connda Posted January 23, 2017 Share Posted January 23, 2017 Ok with me! Link to comment Share on other sites More sharing options...
SOUTHERNSTAR Posted January 23, 2017 Share Posted January 23, 2017 3 hours ago, BuaBS said: Trump says the USD is too strong. The THB could be back at 27 THB/USD !! Let's hope so ! At 27 the Thai exporters will tank and 70% of the countrys GDP will be under pressure. Link to comment Share on other sites More sharing options...
tonypace02 Posted January 23, 2017 Share Posted January 23, 2017 People, please. Stop being naive. The one thing people can depend on is that whatever Lying Donald says will not happen. The second thing you can depend on is that, before he says it, he has already decided he will blame for its not happening on the press, the democrats or his opposition du jour. Read a basic psychology textbook. The man is a psychotic and a sociopath. At this time he cannot control the Fed so the currency should be relatively stable for two years, by which time he should be out of office. Link to comment Share on other sites More sharing options...
joeyg Posted January 23, 2017 Share Posted January 23, 2017 57 minutes ago, little mary sunshine said: And my crystal ball says B42 to the US dollar!.... I was here in 1997 when the rate was 57 to the $. Boy was that party time. Link to comment Share on other sites More sharing options...
SOUTHERNSTAR Posted January 23, 2017 Share Posted January 23, 2017 2 hours ago, KarenBravo said: Nope....the US dollar is going to rise because the economy is strengthening. To control that growth, interest rates will go up. https://www.theguardian.com/business/interest-rates-us http://www.telegraph.co.uk/business/2016/12/10/us-federal-reserve-poised-raise-interest-rates-trump-era-looms/ In the old economy yes. But in todays world the real economy doesnt influence interest rates but the Fed does. Yellen wants to increase interest rates but I doubt if Trumps wants that at present. We could see Yellen being replaced and lower than expected interest rates. The demand of dollars have nothing to do with interest rates. The demand of dollars are reflected in treasury bills yield rate. As the demand for US government bonds increase the price of the bonds increase but the yields decrease. This doesnt have a direct impact on interest rates paid by individuals and small companies. So the increased demand for government bonds have the opposite effect than what most people believe. Link to comment Share on other sites More sharing options...
joeyg Posted January 23, 2017 Share Posted January 23, 2017 (edited) 13 minutes ago, tonypace02 said: People, please. Stop being naive. The one thing people can depend on is that whatever Lying Donald says will not happen. The second thing you can depend on is that, before he says it, he has already decided he will blame for its not happening on the press, the democrats or his opposition du jour. Read a basic psychology textbook. The man is a psychotic and a sociopath. At this time he cannot control the Fed so the currency should be relatively stable for two years, by which time he should be out of office. My family was contracted for construction work for him through the early 80's in NYC. I had the opportunity to meet him on a couple of different occasions. "Man to man" I personally liked him. First impressions are very "telling" to me. Also I took the opportunity to speak with employees and dated a couple of gals that worked for him. It appeared he was very well liked. Other contractors and guys on the jobs said the same thing. I admit he's a bit "quirky" in some of his speech and mannerisms. Nothing too unusual to me being from Jersey and living and working in NYC on and off for several years. Don't see him as being either a sociopath or psychopath, I minored in psychology. Egotistical, narcissistic you bet. Hey what are ya gonna do? IMHO Obama fits squarely into the sociopath and or psychopath category in my professional and personal opinion. I live here so it would be to my advantage to have a stronger dollar. Will it happen? I think so. Time will tell. Edited January 23, 2017 by joeyg Link to comment Share on other sites More sharing options...
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