snoop1130 Posted April 17, 2017 Share Posted April 17, 2017 Baht expected to strengthen to 21-month high By The Nation The baht is expected to range between 34.10 and 34.45 per US dollar this week after US President Donald Trump said the greenback was stronger than he had estimated and that the Federal Reserve should maintain its benchmark interest rate at current levels, according to the Bank of Ayudhya. This would put the baht at its strongest level in 21 months, the bank said. Meanwhile, the yen also hit its strongest point in five months after the US dropped a huge bomb on Afghanistan recently. Source: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30312491 -- © Copyright The Nation 2017-4-17 Link to comment Share on other sites More sharing options...
worgeordie Posted April 17, 2017 Share Posted April 17, 2017 Just the other day the Baht was forecast to weaken,one thing you can be sure about is inconsistency.it will make exports more difficult, but Tanks ,Submarines and any other military equipment cheaper, so thats OK. regards worgeordie Link to comment Share on other sites More sharing options...
thurien Posted April 17, 2017 Share Posted April 17, 2017 all those now having to apply for their 1y- extension of stay along with financial proof of income (foreign currencies, of course) will be happy with further devaluation of their monies... Link to comment Share on other sites More sharing options...
THE FOX Posted April 17, 2017 Share Posted April 17, 2017 32bht will bd nearer the mark by years end,mark my words ,) Link to comment Share on other sites More sharing options...
RichardColeman Posted April 18, 2017 Share Posted April 18, 2017 I'm guessing that the powers that be will keep it high until either their holidays are over and they return to Thailand, or that extra curricular piece of foreign exchange business is finished. Link to comment Share on other sites More sharing options...
Srikcir Posted April 18, 2017 Share Posted April 18, 2017 13 hours ago, snoop1130 said: US President Donald Trump said the greenback was stronger than he had estimated and that the Federal Reserve should maintain its benchmark interest rate at current levels Not a very accurate report. Trump said that he thinks the U.S. dollar "is getting too strong" and that he favors low interest rates.Trump said he's a fan of lower interest rates, saying "I do like a low-interest rate policy," https://www.usatoday.com/story/money/markets/2017/04/12/trump-says-dollar-too-strong-pushes-buck-lower/100385872/ Trump is once again divorced from reality as POTUS. As a businessman he wants to borrow from the banks at the lowest possible interest rate. Problem is as POTUS he's now The Bank - the US Treasury. Best to let his Secretary of Treasury make economic statements. If anything, inflationary economic pressure will continue, pushing US interest rates higher to cool the economy. Link to comment Share on other sites More sharing options...
HHTel Posted April 18, 2017 Share Posted April 18, 2017 Looking at the spread of exchange rates, it looks more like the USD weakening as opposed to the baht strengthening. Link to comment Share on other sites More sharing options...
gamini Posted April 18, 2017 Share Posted April 18, 2017 4 hours ago, RichardColeman said: I'm guessing that the powers that be will keep it high until either their holidays are over and they return to Thailand, or that extra curricular piece of foreign exchange business is finished. pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. Link to comment Share on other sites More sharing options...
gamini Posted April 18, 2017 Share Posted April 18, 2017 13 hours ago, thurien said: all those now having to apply for their 1y- extension of stay along with financial proof of income (foreign currencies, of course) will be happy with further devaluation of their monies... Not all! many of us who live here have invested in Thailand and and use the proceeds from these investments for extending our visas Link to comment Share on other sites More sharing options...
Thaidream Posted April 18, 2017 Share Posted April 18, 2017 The US Secretary of the Treasury made a recent statement indicating that in the long term -the US is in favor of a strong dollar and today the dollar is gaining. As far as Thailand 'controlling' their currency- there is often intervention in the markets at times when they feel it is appropriate and it has nothing to do with market forces and everything to do with politics as well as foreign reserves. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 18, 2017 Share Posted April 18, 2017 2 hours ago, Srikcir said: Not a very accurate report. Trump said that he thinks the U.S. dollar "is getting too strong" and that he favors low interest rates.Trump said he's a fan of lower interest rates, saying "I do like a low-interest rate policy," https://www.usatoday.com/story/money/markets/2017/04/12/trump-says-dollar-too-strong-pushes-buck-lower/100385872/ Trump is once again divorced from reality as POTUS. As a businessman he wants to borrow from the banks at the lowest possible interest rate. Problem is as POTUS he's now The Bank - the US Treasury. Best to let his Secretary of Treasury make economic statements. If anything, inflationary economic pressure will continue, pushing US interest rates higher to cool the economy. By tomorrow the Donald's thinking could do the old switcheroo yet again. If the Fed does get aggressive like they did prior to 1929 it could be de ja vu all over again. The fed are good at reading statistics (lies and damn lies) but have trouble pricing a loaf of bread because personal shopping is definitely beneath them. When a financial Sstorm does hit it could be happen as fast as the tsunami that hit Thailand. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 18, 2017 Share Posted April 18, 2017 49 minutes ago, gamini said: Not all! many of us who live here have invested in Thailand and and use the proceeds from these investments for extending our visas Did you strike the female motherlode??? Link to comment Share on other sites More sharing options...
KenKadz Posted April 18, 2017 Share Posted April 18, 2017 57 minutes ago, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. Market Forces, in Thailand, Really? Specifics Please? Link to comment Share on other sites More sharing options...
little mary sunshine Posted April 18, 2017 Share Posted April 18, 2017 And as I consult my crystal ball the Baht should be about 35.45 per The US Dollar. Link to comment Share on other sites More sharing options...
12DrinkMore Posted April 18, 2017 Share Posted April 18, 2017 3 hours ago, Srikcir said: Problem is as POTUS he's now The Bank - the US Treasury. Last time I looked the Fed was the bank. The US Treasury balances the books. Link to comment Share on other sites More sharing options...
chilli42 Posted April 18, 2017 Share Posted April 18, 2017 2 hours ago, HHTel said: Looking at the spread of exchange rates, it looks more like the USD weakening as opposed to the baht strengthening. Indeed it's nothing to do with the Baht. Also, it will only get to 34 if the Thai gov does nothing different than they are today. That is not going to happen for too long. It will hit exports and import deflation. They will have to make a policy decision to lower the Baht Link to comment Share on other sites More sharing options...
chilli42 Posted April 18, 2017 Share Posted April 18, 2017 2 hours ago, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. Market forces in response to political and central bank words and actions Link to comment Share on other sites More sharing options...
FredNL Posted April 18, 2017 Share Posted April 18, 2017 Currently the Thai nationals are investing outside Thailand, mainly in consumer products and food (supplies), as it is getting cheaper to import them into Thailand. It won't make the Thai economy stronger as it will be having a negative balance of trade pretty soon. Thai exports getting too expensive for purchasers, they will get their products somewhere else. You can already see this in the automotive industry as producers getting rid of Thai manufacturing. The Thai Baht is having the products more expensive but the economic and the technical value stay equal. Big loss for investments in Thai manufacturing as they can only sell their products within Thailand. Link to comment Share on other sites More sharing options...
MyFriend You Posted April 18, 2017 Share Posted April 18, 2017 Jeez, every week it's something different - Okay I'll predict 35.25 by month's end: Link to comment Share on other sites More sharing options...
Wake Up Posted April 21, 2017 Share Posted April 21, 2017 On 4/18/2017 at 0:09 AM, THE FOX said: 32bht will bd nearer the mark by years end,mark my words ,) I am willing to bet you 100,000 baht you are wrong. We will each give 100,000 baht to ubonjoe to hold for the winner. Agreed? Link to comment Share on other sites More sharing options...
Berkshire Posted April 21, 2017 Share Posted April 21, 2017 On 4/18/2017 at 7:48 AM, RichardColeman said: I'm guessing that the powers that be will keep it high until either their holidays are over and they return to Thailand, or that extra curricular piece of foreign exchange business is finished. Why would you make such asinine remarks? Surely, no one can believe such nonsense. No one can be this stupid. Link to comment Share on other sites More sharing options...
Naam Posted April 22, 2017 Share Posted April 22, 2017 15 hours ago, Berkshire said: On 4/18/2017 at 7:48 AM, RichardColeman said: I'm guessing that the powers that be will keep it high until either their holidays are over and they return to Thailand, or that extra curricular piece of foreign exchange business is finished. Why would you make such asinine remarks? Surely, no one can believe such nonsense. No one can be this stupid. TITV - this is ThaiVisa! Link to comment Share on other sites More sharing options...
observer90210 Posted June 11, 2017 Share Posted June 11, 2017 If the THB gets too strong, tourists from abroad will go elsewhere to spend their money and thai exports will suffer...on the other hand imports should cost less, but doubt if prices would lower within Thailand as greed persists... Link to comment Share on other sites More sharing options...
Wake Up Posted June 11, 2017 Share Posted June 11, 2017 On 4/21/2017 at 7:42 PM, Wake Up said: I am willing to bet you 100,000 baht you are wrong. We will each give 100,000 baht to ubonjoe to hold for the winner. Agreed? Bet offer cancelled 55555? Link to comment Share on other sites More sharing options...
welovethailand Posted June 26, 2017 Share Posted June 26, 2017 When ever you are told something is expected to rise, its probably ready to crash. Look at the fake Dow Jones. No one is investing except "the Plunger protection group". (the FED, with printed paper) The Dow is higher than ever, but do you know ANYONE who has got a boost in their Retirement accounts? No One. Its a bubble ready to burst. prove me wrong. Link to comment Share on other sites More sharing options...
Senechal Posted June 28, 2017 Share Posted June 28, 2017 On 4/18/2017 at 11:56 AM, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. Hmm ... you might want to hold off on the name calling before spouting what sounds like something they taught you in your freshman year of econ classes. Governments exert enormous influence on exchange rates. Link to comment Share on other sites More sharing options...
InMyShadow Posted June 28, 2017 Share Posted June 28, 2017 I will walk with one eye looking up to avoid flying English men Link to comment Share on other sites More sharing options...
pegman Posted June 28, 2017 Share Posted June 28, 2017 Thailand has very high Foreign Exchange Reserve Funds for the size and wealth of it's economy. Does this help to explain the strength of the ฿? https://en.m.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves Link to comment Share on other sites More sharing options...
MRYANG Posted June 28, 2017 Share Posted June 28, 2017 Exchange rates corresponds to country solidity x export power x belief. Currently, Europe is going stronger than other markets but this will change before years end. And then dollar will rise again. Baht will keep staying strong because of strong industrial output combined with high availability of natural resources. But industrial demand will lower considerably during 2018 because of household debt limits worldwide and that will further increase the pressure on baht. All in all, baht stays strong for a while longer but with demand changes next year that will change. Link to comment Share on other sites More sharing options...
HHTel Posted July 1, 2017 Share Posted July 1, 2017 On 4/18/2017 at 11:56 AM, gamini said: pretty ignorant post. You obviously know nothing about exchange rates. They are controlled by market forces, not by the government. I think you should look to yourself before making stupid comments. The crash of '97 was in part due to the Thai government pegging the baht to the dollar. The baht crashed after the foreign reserves had all been used up maintaining the exchange rate and they had to 'unpeg' the baht and let it float. The result was a very rapid crash. The Yuan and Yen had already devalued and the US economy was booming. Nobody was buying baht. If they'd floated it then the crash would not have been so rapid and not as severe. I the BOT are supporting the baht to the same extent, then it could lead to another crash. But of course, the government, being Thai, will never admit to being part of anything negative. "It's the fault of those nasty foreigner!" Link to comment Share on other sites More sharing options...
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