Thai baht set to weaken

[webfact]

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

[CelticBhoy]

Best news I've heard in months  . . .  

[starky]

An adjustment must be coming eventually. 

[jaltsc]

“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.  

 

[meatboy]

51 minutes ago, CelticBhoy said:

Best news I've heard in months  . . .  

looks like the fortune tellers are busy.

[maewang99]

I press one button and the new Microsoft OD posts my thing three times. 

[maewang99]

but how could it get any weaker?

 

10 cents for a haircut......... and a shave???

 

[overherebc]

Great news. I just lined to my wife to get one extra Beer with the shopping.

Or am I being a bit rash?

[Just1Voice]

I'll be happy when it hits 40 to the dollar. 

 

[spidermike007]

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. 

[sandmonster]

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 ? 

[trogers]

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...

[brain150]

Let's just wait and see what happens after the 15th of March !!!

[12DrinkMore]

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.

[StefanBBK]

I need to see it to believe it.... 40 sounds good to me.

[pegman]

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.

[Jeremy50]

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.

[aslimversgwm]

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>! 

[aslimversgwm]

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! 

[lyskamm]

Looking forward to seeing 40 to the Euro !!:)

[CharlieH]

Anything is better than a negative slide as Brits have seen around a 20% loss since the Brexit decision.

 

[jesimps]

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.

[the guest]

It wouldn't be because the high season is coming to an end, and there is insufficient hard currency floating into the country? 

[hobobo]

3 hours ago, Just1Voice said:

I'll be happy when it hits 40 to the dollar. 

 

I don't expect to live till 2040...

[Get Real]

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!

[daveAustin]

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.

[aslimversgwm]

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!

 

[aslimversgwm]

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.

[thurien]

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...

[rijb]

6 hours ago, starky said:

An adjustment must be coming eventually. 

More likely that foreigner prices will go up again.