webfact Posted March 8, 2017 Share Posted March 8, 2017 Thai baht set to weaken By The Nation BANGKOK: -- Thai baht is set to weaken following foreign capital outflows from the stock and bond markets. The Thai baht today is traded at Bt35.13 per US dollar, gaining nearly 2 per cent since the beginning of this year. Maybank Kim Eng Securities (Thailand) expects a reversal of the trend this month due to tightening by the US Federal Reserve. Full story: http://www.nationmultimedia.com/news/breakingnews/30308274 -- © Copyright The Nation 2017-03-08 Link to comment Share on other sites More sharing options...
CelticBhoy Posted March 8, 2017 Share Posted March 8, 2017 Best news I've heard in months . . . Link to comment Share on other sites More sharing options...
starky Posted March 8, 2017 Share Posted March 8, 2017 An adjustment must be coming eventually. Link to comment Share on other sites More sharing options...
jaltsc Posted March 8, 2017 Share Posted March 8, 2017 (edited) “The Thai baht today is traded at Bt35.13 per US dollar, gaining nearly 2 per cent since the beginning of this year. “ Wow!!! Fantastic!!! If this trend continues, I will be able to afford the farang rate at the national parks......Oh Wait...I can just go to any local soi and look at dumped garbage for free. Edited March 8, 2017 by jaltsc Link to comment Share on other sites More sharing options...
meatboy Posted March 8, 2017 Share Posted March 8, 2017 51 minutes ago, CelticBhoy said: Best news I've heard in months . . . looks like the fortune tellers are busy. Link to comment Share on other sites More sharing options...
maewang99 Posted March 8, 2017 Share Posted March 8, 2017 (edited) I press one button and the new Microsoft OD posts my thing three times. Edited March 8, 2017 by maewang99 Link to comment Share on other sites More sharing options...
maewang99 Posted March 8, 2017 Share Posted March 8, 2017 (edited) but how could it get any weaker? 10 cents for a haircut......... and a shave??? Edited March 8, 2017 by maewang99 Link to comment Share on other sites More sharing options...
overherebc Posted March 8, 2017 Share Posted March 8, 2017 Great news. I just lined to my wife to get one extra Beer with the shopping. Or am I being a bit rash? Link to comment Share on other sites More sharing options...
Just1Voice Posted March 8, 2017 Share Posted March 8, 2017 I'll be happy when it hits 40 to the dollar. Link to comment Share on other sites More sharing options...
spidermike007 Posted March 8, 2017 Share Posted March 8, 2017 3 hours ago, maewang99 said: but how could it get any weaker? 10 cents for a haircut......... and a shave??? Taking into account how relatively poorly the economy is doing, the rising unemployment numbers (despite the protestations from official channels), the decline in quality tourism (most zero baht Chinese tourists do not count, as they contribute so little to the local economy), and capital outflows, one would have expected it to fall to 38-40 to the dollar by now. Something is propping it up. Link to comment Share on other sites More sharing options...
sandmonster Posted March 8, 2017 Share Posted March 8, 2017 4 hours ago, CelticBhoy said: Best news I've heard in months . . . One spotty graduate at Maybank sticks a finger in the air and thats news ? Link to comment Share on other sites More sharing options...
trogers Posted March 8, 2017 Share Posted March 8, 2017 26 minutes ago, spidermike007 said: Taking into account how relatively poorly the economy is doing, the rising unemployment numbers (despite the protestations from official channels), the decline in quality tourism (most zero baht Chinese tourists do not count, as they contribute so little to the local economy), and capital outflows, one would have expected it to fall to 38-40 to the dollar by now. Something is propping it up. Those sex tourists...making long queues at the currency exchange counters... Link to comment Share on other sites More sharing options...
brain150 Posted March 8, 2017 Share Posted March 8, 2017 Let's just wait and see what happens after the 15th of March !!! Link to comment Share on other sites More sharing options...
12DrinkMore Posted March 8, 2017 Share Posted March 8, 2017 56 minutes ago, spidermike007 said: Taking into account how relatively poorly the economy is doing, the rising unemployment numbers (despite the protestations from official channels), the decline in quality tourism (most zero baht Chinese tourists do not count, as they contribute so little to the local economy), and capital outflows, one would have expected it to fall to 38-40 to the dollar by now. Something is propping it up. The even worse state of the European economies. Link to comment Share on other sites More sharing options...
StefanBBK Posted March 8, 2017 Share Posted March 8, 2017 I need to see it to believe it.... 40 sounds good to me. Link to comment Share on other sites More sharing options...
pegman Posted March 8, 2017 Share Posted March 8, 2017 1 hour ago, spidermike007 said: Taking into account how relatively poorly the economy is doing, the rising unemployment numbers (despite the protestations from official channels), the decline in quality tourism (most zero baht Chinese tourists do not count, as they contribute so little to the local economy), and capital outflows, one would have expected it to fall to 38-40 to the dollar by now. Something is propping it up. Conservative, nationalist governments, or juntas, always like to maintain a strong currency to help maintain their beneficiaries wealth. Link to comment Share on other sites More sharing options...
Jeremy50 Posted March 8, 2017 Share Posted March 8, 2017 If it does, it will weaken by a paltry couple of baht at best, all those stuffed uniforms want it strong. Not dump 20% of it's value like the pound did overnight after the BREXIT disaster, instantly making life rather tough for millions of UK expat pensioners worldwide. Who's going to atone for that? No one as usual. Link to comment Share on other sites More sharing options...
aslimversgwm Posted March 8, 2017 Share Posted March 8, 2017 5 hours ago, Just1Voice said: I'll be happy when it hits 40 to the dollar. I'll be happy when it hits 50 to the pound. Oh how I love those Brexit <deleted>! Link to comment Share on other sites More sharing options...
aslimversgwm Posted March 8, 2017 Share Posted March 8, 2017 6 minutes ago, Jeremy50 said: If it does, it will weaken by a paltry couple of baht at best, all those stuffed uniforms want it strong. Not dump 20% of it's value like the pound did overnight after the BREXIT disaster, instantly making life rather tough for millions of UK expat pensioners worldwide. Who's going to atone for that? No one as usual. Absolutely! I do hope there's a last minute realization by the twittish Brexiteers what an unmitigated disaster we're heading in to thanks to that idiotic, lie-filled Brexit campaign. We shall see but I'm not holding my breath! Link to comment Share on other sites More sharing options...
lyskamm Posted March 8, 2017 Share Posted March 8, 2017 Looking forward to seeing 40 to the Euro !!:) Link to comment Share on other sites More sharing options...
CharlieH Posted March 8, 2017 Share Posted March 8, 2017 Anything is better than a negative slide as Brits have seen around a 20% loss since the Brexit decision. Link to comment Share on other sites More sharing options...
jesimps Posted March 8, 2017 Share Posted March 8, 2017 6 minutes ago, aslimversgwm said: Absolutely! I do hope there's a last minute realization by the twittish Brexiteers what an unmitigated disaster we're heading in to thanks to that idiotic, lie-filled Brexit campaign. We shall see but I'm not holding my breath! Adding "IMHO" makes your post worth reading. Link to comment Share on other sites More sharing options...
the guest Posted March 8, 2017 Share Posted March 8, 2017 It wouldn't be because the high season is coming to an end, and there is insufficient hard currency floating into the country? Link to comment Share on other sites More sharing options...
hobobo Posted March 8, 2017 Share Posted March 8, 2017 3 hours ago, Just1Voice said: I'll be happy when it hits 40 to the dollar. I don't expect to live till 2040... Link to comment Share on other sites More sharing options...
Get Real Posted March 8, 2017 Share Posted March 8, 2017 3 hours ago, overherebc said: Great news. I just lined to my wife to get one extra Beer with the shopping. Or am I being a bit rash? No, absolutely not, If the good thing not happen, at least you had a good time anyway. Just great way of safe betting! Link to comment Share on other sites More sharing options...
daveAustin Posted March 8, 2017 Share Posted March 8, 2017 16 minutes ago, aslimversgwm said: Absolutely! I do hope there's a last minute realization by the twittish Brexiteers what an unmitigated disaster we're heading in to thanks to that idiotic, lie-filled Brexit campaign. We shall see but I'm not holding my breath! Pipe-down remoaner, it's done and dusted. I would sooner have the baht at 20 than be beholden to the eurocratic shambles that is the EU. Link to comment Share on other sites More sharing options...
aslimversgwm Posted March 8, 2017 Share Posted March 8, 2017 13 minutes ago, jesimps said: Adding "IMHO" makes your post worth reading. My opinions are never humble - I got past that stage once I retired and stopped being a subservient employee! Link to comment Share on other sites More sharing options...
aslimversgwm Posted March 8, 2017 Share Posted March 8, 2017 (edited) 5 minutes ago, daveAustin said: Pipe-down remoaner, it's done and dusted. I would sooner have the baht at 20 than be beholden to the eurocratic shambles that is the EU. Obviously you're not living here on a small pension like tens of thousands throughout the world so I won't 'pipe down' And it isn't 'done and dusted' as you seem to imagine. Way to go my ill-informed friend. Edited March 8, 2017 by aslimversgwm Wrong word created by autotexting Link to comment Share on other sites More sharing options...
thurien Posted March 8, 2017 Share Posted March 8, 2017 1 hour ago, sandmonster said: One spotty graduate at Maybank sticks a finger in the air and thats news ? absolutely right - exactly this I thought to mself... Link to comment Share on other sites More sharing options...
rijb Posted March 8, 2017 Share Posted March 8, 2017 6 hours ago, starky said: An adjustment must be coming eventually. More likely that foreigner prices will go up again. Link to comment Share on other sites More sharing options...
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