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Baht vs USDollar

Gonzo the Face
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bazza73 Senior Member

bazza73

Posted
Posted

It's a crazy world we live in. Trump's infrastructure spending drives the US deeper into debt as more money is printed to pay for the infrastructure. The dollar weakens when markets think that spending won't happen, and less money will be printed.

 

It's a bit like Trump's personal wealth - no-one except for him knows whether he's a billionaire, or drowning in debt. Looking for logic in currency markets is like trying to find a virgin in Pattaya.

Berkshire Ruby Member

Berkshire

Posted
Posted
5 minutes ago, bazza73 said:

It's a crazy world we live in. Trump's infrastructure spending drives the US deeper into debt as more money is printed to pay for the infrastructure. The dollar weakens when markets think that spending won't happen, and less money will be printed.

 

It's a bit like Trump's personal wealth - no-one except for him knows whether he's a billionaire, or drowning in debt. Looking for logic in currency markets is like trying to find a virgin in Pattaya.

Yes, there is no rhyme or reason.  But the usual TV suspects will always yell "manipulation" when their beer budget gets precariously low. 

Grubster Senior Member

Grubster

Posted
Posted

Man I tell ya, these Trump bashers are just as bad or worse than the Obama bashers. Cant anybody get behind their president and hope he does good.

bazza73 Senior Member

bazza73

Posted
Posted
1 minute ago, Grubster said:

Man I tell ya, these Trump bashers are just as bad or worse than the Obama bashers. Cant anybody get behind their president and hope he does good.

I don't think you'll find too many nations in the world that thought Trump's election as President was good for America or the world. Sorry, I forgot - most Americans don't care what anyone else thinks.

Denim Ruby Member

Denim

Posted
Posted
5 minutes ago, Grubster said:

Man I tell ya, these Trump bashers are just as bad or worse than the Obama bashers. Cant anybody get behind their president and hope he does good.

Evidently not.

Jingthing Legendary Member

Jingthing

Posted
Posted
1 hour ago, Denim said:

Evidently not.

American correctly don't feel any obligation to back a president that they think is horrific. Not a dictatorship. Yet. 

whoareyou Rookie Member

whoareyou

Posted
Posted
Man I tell ya, these Trump bashers are just as bad or worse than the Obama bashers. Cant anybody get behind their president and hope he does good.

I think that ended with JFK.
lannarebirth Star Member

lannarebirth

Posted
Posted
6 hours ago, wpcoe said:

It  was noticeable when I just transferred several thousand US$ to Thailand to pay for a condo renovation.

 

The US$ has fallen 3.8% since the beginning of the year when the rate was 35.72 on 04-Jan-17 (the first bank business day of the year.)  Especially for folks living on fixed income like pensions a 3.8% drop can be felt and make a difference.

 

 

The 200 dma of the USD:THB peaked on June 2, 2016. The 200 dma has been moving down or sideways ever since. Last week the 50dma passed through the 200dma to the downside.

themerg Apprentice Member

themerg

Posted
Posted

I don't know if I have the answer, BUT The USA has been propping up the baht for decades.

Small story to explain the above statement.

I was at U-Tapao Royal Thai Naval Airfield with The US Air Force from October 5, 1972 to March 5, 1973, TDY.

Temporary Duty, 6 month deployment, in support of the B-52 bombing campaigns of the Vietnam war.

The baht was at the same rate of exchange for the whole 6 months, it did not fluctuate 1/100 of a satang.

For now, the baht does not fluctuate as it should.

More USA-Thailand hanky-panky.

The baht and the dollar have been sleeping together for many decades.

 

simoh1490 Senior Member

simoh1490

Posted
Posted
56 minutes ago, themerg said:

I don't know if I have the answer, BUT The USA has been propping up the baht for decades.

Small story to explain the above statement.

I was at U-Tapao Royal Thai Naval Airfield with The US Air Force from October 5, 1972 to March 5, 1973, TDY.

Temporary Duty, 6 month deployment, in support of the B-52 bombing campaigns of the Vietnam war.

The baht was at the same rate of exchange for the whole 6 months, it did not fluctuate 1/100 of a satang.

For now, the baht does not fluctuate as it should.

More USA-Thailand hanky-panky.

The baht and the dollar have been sleeping together for many decades.

 

In 1972 the Thai Baht was hard pegged to USD so it would not have moved, that peg was removed in 1997 and THB is now subject to a managed float (meaning it floats according to forex market forces but is managed at times to smooth out volatility).

csabo Silver Member

csabo

Posted
Posted
14 hours ago, elgordo38 said:

It went up on Trump hype which is now wearing thin. I am sure at your age you have been exposed to BS many times and enough times to recognize it for what it is. Again a stick of lipstick looking for a pig. 

As my mutual funds soar..

elgordo38 Gold Member

elgordo38

Posted
Posted
3 hours ago, csabo said:

As my mutual funds soar..

Good luck to you timing is everything. When you see the freight train coming its to late to cash out. If you were in the market in 2008 you know what I mean. When a apple falls from the tree it does not fall up. Over confidence can kill you in this market. If you have come up through the years you know deep down all this is cheap money financed and like all parties must end. 

bazza73 Senior Member

bazza73

Posted
Posted
1 hour ago, elgordo38 said:

Good luck to you timing is everything. When you see the freight train coming its to late to cash out. If you were in the market in 2008 you know what I mean. When a apple falls from the tree it does not fall up. Over confidence can kill you in this market. If you have come up through the years you know deep down all this is cheap money financed and like all parties must end. 

I doubt there is a single person on the planet that can claim they got their timing right every time - except, of course, the spruikers who will reveal all their investment secrets to you, if you will just send them some money.

The best anyone can do is diversify the risk and look for value propositions. Although with the amount of accounting massage that goes on, and is winked at by company boards, that's getting increasingly difficult to do.

elgordo38 Gold Member

elgordo38

Posted
Posted (edited)
2 minutes ago, bazza73 said:

I doubt there is a single person on the planet that can claim they got their timing right every time - except, of course, the spruikers who will reveal all their investment secrets to you, if you will just send them some money.

The best anyone can do is diversify the risk and look for value propositions. Although with the amount of accounting massage that goes on, and is winked at by company boards, that's getting increasingly difficult to do.

Yes true oh enlightened one. Your last statement rather hit the nail on the head. Thanks for the gentlemanly reply there are so man SB throwers on here lately. Guess there is a cycle for everything. 

Edited by elgordo38
tuktuktuk Senior Member

tuktuktuk

Posted
Posted
19 hours ago, Grubster said:

Man I tell ya, these Trump bashers are just as bad or worse than the Obama bashers. Cant anybody get behind their president and hope he does good.

I suppose I blamed it on Obama when it dropped below 29 in 2013.

Grubster Senior Member

Grubster

Posted
Posted
23 hours ago, tuktuktuk said:

I suppose I blamed it on Obama when it dropped below 29 in 2013.

Many did, like the prez has anything to do with that.

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