riclag Posted August 21, 2017 Share Posted August 21, 2017 With the Dow doing all time high's .Tell me why the bht is oblivious to this?Down,down down Link to comment Share on other sites More sharing options...
ubonjoe Posted August 21, 2017 Share Posted August 21, 2017 I assume you meant the baht to the dollar exchange rate going down. That is the dollar going down in value in relation to baht. The baht has gained value in relation to it. The dollar has lost value in relation to many currencies. Link to comment Share on other sites More sharing options...
bubba45 Posted August 21, 2017 Share Posted August 21, 2017 (edited) If you're referring to the baht-dollar, the baht is going up, up, up, or the dollar is going down, down, down. The value of the dollar and stock market strength are not related. The dollar has weakened quite a bit over the past few weeks. Edited August 21, 2017 by bubba45 Link to comment Share on other sites More sharing options...
alant Posted August 21, 2017 Share Posted August 21, 2017 it is not going down on my graphs, where do you get this from please? Link to comment Share on other sites More sharing options...
avvocato Posted August 21, 2017 Share Posted August 21, 2017 I am not an economist. Here is a recent story: https://www.reuters.com/article/thailand-economy-idUSL4N1L31XA Link to comment Share on other sites More sharing options...
NoBrainer Posted August 21, 2017 Share Posted August 21, 2017 The Baht is going up, causing problems for exporters. I bought something in April for 333 Dollars around 13K Baht, and it never arrived I finally got my refund at the beginning of this month, for $333 and it was only just over 10K baht. Link to comment Share on other sites More sharing options...
riclag Posted August 21, 2017 Author Share Posted August 21, 2017 (edited) 22 minutes ago, alant said: it is not going down on my graphs, where do you get this from please? The buying rate (TT) was 35.40 as of 1/17.Now its 33.06,its not going up. The bht is stronger. Edited August 21, 2017 by riclag Link to comment Share on other sites More sharing options...
avvocato Posted August 21, 2017 Share Posted August 21, 2017 (edited) Here is a story trying to define the weakening of the dollar not only viz. the Baht but almost every currency. https://www.standardmedia.co.ke/business/article/2001251459/why-is-the-us-dollar-falling Apparently tRump likes a dollar that's "not too strong". Edited August 21, 2017 by avvocato Link to comment Share on other sites More sharing options...
DaveBKK Posted August 21, 2017 Share Posted August 21, 2017 Stock market is going up.... prices are rising. That's inflation.... why? Because there are more dollars in circulation. As there are MORE dollars available, ergo more supply the value of 1 dollar falls. Also as prices rise, the dollar LOSES value. $1 won't buy as many shares as it did yesterday. So as the dollar value goes down, other currencies rise. Now this is a rather simplistic explanation, there's a whole lot more involved.... but this is the bare bones basic money theory. Link to comment Share on other sites More sharing options...
avvocato Posted August 21, 2017 Share Posted August 21, 2017 3 minutes ago, DaveBKK said: Stock market is going up.... prices are rising. That's inflation.... why? Because there are more dollars in circulation. As there are MORE dollars available, ergo more supply the value of 1 dollar falls. Also as prices rise, the dollar LOSES value. $1 won't buy as many shares as it did yesterday. So as the dollar value goes down, other currencies rise. Now this is a rather simplistic explanation, there's a whole lot more involved.... but this is the bare bones basic money theory. Actually, economists are still noting weak inflation in USA, so that explanation isn't quite right. Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the US central bank’s last policy meeting. http://gulfnews.com/business/economy/fed-policymakers-wary-about-weak-us-inflation-1.2075581 As Bubba 45 stated the stock market and strength of the dollar are not related. In 2008 when the market crashed, the dollar maintained (and even increased in) strength. Link to comment Share on other sites More sharing options...
riclag Posted August 21, 2017 Author Share Posted August 21, 2017 11 minutes ago, avvocato said: Here is a story trying to define the weakening of the dollar not only viz. the Baht but almost every currency. https://www.standardmedia.co.ke/business/article/2001251459/why-is-the-us-dollar-falling tRump likes a dollar that's "not too strong". That's it in a nut shell."A story "trying" to define the weak dollar. Link to comment Share on other sites More sharing options...
Iforbach Posted August 21, 2017 Share Posted August 21, 2017 Suggest spec savers for some :) Link to comment Share on other sites More sharing options...
Iforbach Posted August 21, 2017 Share Posted August 21, 2017 Even Ozzie was 32 way back Link to comment Share on other sites More sharing options...
jmccarty Posted August 21, 2017 Share Posted August 21, 2017 Look at the FX chart from 2009 to 2011. Looks like a repeat, though nobody has a crystal ball that actually works, the US economy still influences the world in many ways. Has the world been in Recession for the past 2 years and not admitted it? I do know what the definition is, but perhaps the definition needs an update? Link to comment Share on other sites More sharing options...
cadle1 Posted August 21, 2017 Share Posted August 21, 2017 I see no evidence of the BHT Weakening against the £ Link to comment Share on other sites More sharing options...
Jonmarleesco Posted August 21, 2017 Share Posted August 21, 2017 I think you mean going up. Manipulation, something that any country can do, and of which LoS has seemingly done quite a bit. Though I doubt the likes of Prayuth or Prawit are much versed in its intricacies. Link to comment Share on other sites More sharing options...
Goanna Posted August 21, 2017 Share Posted August 21, 2017 1 hour ago, Iforbach said: Even Ozzie was 32 way back It was also 23.5 after that. When it was high, Aud was almost parity with Usd. That's long gone. Link to comment Share on other sites More sharing options...
Surasak Posted August 21, 2017 Share Posted August 21, 2017 I think the £ is at an all time low against the Baht. The lowest I can ever ever remember, it was 44 to the £ in the very early 90s. Much as I appreciate the £ has dropped for many reasons, the Baht has strengthened against many currencies over the past year. Link to comment Share on other sites More sharing options...
DaveBKK Posted August 21, 2017 Share Posted August 21, 2017 Actually, economists are still noting weak inflation in USA, so that explanation isn't quite right. Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the US central bank’s last policy meeting.http://gulfnews.com/business/economy/fed-policymakers-wary-about-weak-us-inflation-1.2075581 As Bubba 45 stated the stock market and strength of the dollar are not related. In 2008 when the market crashed, the dollar maintained (and even increased in) strength.The fed measures consumer and producer price inflation. This is relatively weak although they do manipulate the numbers a bit. Energy prices crashing has had a dramatic effect. However stock market inflation is a thing. I'm talking about the root economic definition of the word. Cost rising = inflation. Period. And you have proven my point.... if the market crashed the dollar SHOULD go up in value. Theoretically. As I said there's a lot more a play but this is bare bones basics. Sent from my iPad using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
mlmcleod Posted August 21, 2017 Share Posted August 21, 2017 Just one word to describe the rise of the baht against the dollar! Trump! He scares everybody! Please don't get mad, it is just my opinion! Link to comment Share on other sites More sharing options...
nauseus Posted August 21, 2017 Share Posted August 21, 2017 2 hours ago, NoBrainer said: The Baht is going up, causing problems for exporters. I bought something in April for 333 Dollars around 13K Baht, and it never arrived I finally got my refund at the beginning of this month, for $333 and it was only just over 10K baht. The rate hasn't changed 23%. You've been had. Link to comment Share on other sites More sharing options...
nauseus Posted August 21, 2017 Share Posted August 21, 2017 (edited) 1 hour ago, Surasak said: I think the £ is at an all time low against the Baht. The lowest I can ever ever remember, it was 44 to the £ in the very early 90s. Much as I appreciate the £ has dropped for many reasons, the Baht has strengthened against many currencies over the past year. Try 33:1 in 1985! For now the pound has fallen against dollar (since the Brexit vote) the dollar has fallen against most other currencies, including the baht this year. Edited August 21, 2017 by nauseus Link to comment Share on other sites More sharing options...
ukrules Posted August 21, 2017 Share Posted August 21, 2017 (edited) Ten year chart, it's all over the place : It could easily hit those lows of 28 Baht per USD again if the Baht continues to strengthen and the dollar continues to weaken. Also this for the pound : You can see where the Brexit vote is right in the middle of 2016. Edited August 21, 2017 by ukrules Link to comment Share on other sites More sharing options...
jmccarty Posted August 21, 2017 Share Posted August 21, 2017 5 minutes ago, ukrules said: Ten year chart, it's all over the place : It could easily hit those lows of 28 Baht per USD again if the Baht continues to strengthen and the dollar continues to weaken. There was a decisive reason for the dollar to lose value in June 2009. There was also another decisive reason for the dollar to lose value in Nov. 2016! Link to comment Share on other sites More sharing options...
Naam Posted August 21, 2017 Share Posted August 21, 2017 3 hours ago, NoBrainer said: The Baht is going up, causing problems for exporters. I bought something in April for 333 Dollars around 13K Baht, and it never arrived I finally got my refund at the beginning of this month, for $333 and it was only just over 10K baht. you got royally cheated in april when you paid the equivalent 13k Baht for 333 Dollars (at USD THB 39.04) high/low in april was 34.27/34.61 Link to comment Share on other sites More sharing options...
Thingamabob Posted August 21, 2017 Share Posted August 21, 2017 Can't understand this. The Baht is increasing in value against most currencies. Link to comment Share on other sites More sharing options...
Dan5 Posted August 21, 2017 Share Posted August 21, 2017 2 hours ago, avvocato said: Actually, economists are still noting weak inflation in USA, so that explanation isn't quite right. Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the US central bank’s last policy meeting. http://gulfnews.com/business/economy/fed-policymakers-wary-about-weak-us-inflation-1.2075581 As Bubba 45 stated the stock market and strength of the dollar are not related. In 2008 when the market crashed, the dollar maintained (and even increased in) strength. A low inflation rate tends to weaken the dollar. But there is something else going on. The dollar has lost a little over 3 percent against a sample collection of other currencies, but it has lost almost 8 percent against the Baht. Link to comment Share on other sites More sharing options...
nauseus Posted August 21, 2017 Share Posted August 21, 2017 (edited) 7 minutes ago, Thingamabob said: Can't understand this. The Baht is increasing in value against most currencies. Foreign money inflow for Thai Bonds and markets. Thailand has relatively strong foreign reserves for an emerging market. If you think USD/THB is erratic over 10 yr just take a look at the EUR/USD max/min. Edited August 21, 2017 by nauseus Link to comment Share on other sites More sharing options...
Sydebolle Posted August 21, 2017 Share Posted August 21, 2017 Have a look at Thailand's Foreign reserves prior to May 2014 and today - go figure! Link to comment Share on other sites More sharing options...
Suradit69 Posted August 21, 2017 Share Posted August 21, 2017 4 hours ago, riclag said: Tell me why the bht is oblivious to this?Down,down down The baht is going up, up, up or more accurately the US dollar is going down down down. Link to comment Share on other sites More sharing options...
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