Why is the Thai Bht going down rapidly

[sammieuk1]

Avoid tall buildings if your holding pounds sterling .

[Grumpy Duck]

4 hours ago, ubonjoe said:

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.

You took the words right off my keypad Joe. 

 

I have jokenly explained that it is to gain a favorable price on the missles Thailand is buying from the US military industrial complex. I wonder if they will pay the 100% customs duty on the items 555. 

[Grumpy Duck]

All I know is since trumpalumpa took office the dollar has been declining. While this may be good for US businesses, it sucks for me, my measly pension and social security is losing $146.00 a month now. And my cost of living is increasing. 

[The Dark Lord]

4 hours ago, alant said:

it is not going down on my graphs, where do you get this from please?

 

Nor mine or maybe the £ is falling faster............

[Dan5]

29 minutes ago, Suradit69 said:

The baht is going up, up, up or more accurately the US dollar is going down down down.

No. Actually the dollar lost 3 point something percent this year against the major currencies after making substantial gains last year.Its much more a matter of the Baht getting strong than the dollar getting weak since the Baht has gained almost 8 percent against the dollar this year. And the Baht has increased more against the dollar than any other Asian currency. The dollar has declined mostly due to interest rate expectations. All last year the Fed rate increased and there were expectations there would be more increases. Then this year the speculation is there won't be any more increase this year because inflation continues to be so low.

 

The Baht is another story. Don't know what is going on there. But I read somewhere about a year ago that the Thai private debt in dollars was over 1/3 the total GDP of Thailand. A huge amount. Those debt payments cost less with a strong Baht.

 

The rates go up and down. I remember maybe 4 years ago the Baht went briefly below 29/dollar. And then it was above 36 late last year/beginning of this year.. If you could predict rate changes you could make a huge amount of money. Who knows what the rate will be the end of the year.

 

 

[Grumpy Duck]

16 minutes ago, The Dark Lord said:

Nor mine or maybe the £ is falling faster............

I don't know what graphs you are looking at but here is the one year dollar to baht from xe currency this chart shows a significant drop in the value of the US dollar. Perhaps you are looking at HK Dollar or Singapore Dollar

 

[The Dark Lord]

11 minutes ago, Grumpy Duck said:

I don't know what graphs you are looking at but here is the one year dollar to baht from xe currency this chart shows a significant drop in the value of the US dollar. Perhaps you are looking at HK Dollar or Singapore Dollar

 

Sorry my friend my post was not clear, I was referring to the £ to the THB not the dollar. 

 

Apologies offered. 

[Foozool]

Unfortunately US$ losing value since Trump losing the chair. ?

[rickudon]

GBP, Zimbabwe dollar, interchangeable in 2019.

[CanuckThai]

There is a lot of gold leaving Thailand on planes.....A LOT

[thaifoodruns]

What I was taught (can't remember the reason) when stock market prices rise $ value decreases, and vise versa....so it' may be the dollar getting weaker than baht strengthening

 

 

Sent from my iPhone using Thaivisa Connect

 

 

 

[Elkski]

Since I saw it at 35.5-36 when I began considering 35 years of retirement. I picked 92 to die.  This has reduced my funds by nearly 10% or 3.5 years of safety factor has evaporated.   I not like this to much.  

[NoBrainer]

15 hours ago, nauseus said:

The rate hasn't changed 23%. You've been had. 

 

Well you got me curious so I just looked uno the transaction.

 

March 11th I was debited  12,227.36 Baht

 

Finally got my refund on Aug 9th for 10,785.24

 

I guess there was some exchange fees included, but it was a PayPal transaction connected to my K Bank CC.

 

 

[NoBrainer]

15 hours ago, Naam said:

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

 

 

 

Well you got me curious so I just looked up the transaction.

 

March 11th I was debited  12,227.36 Baht

 

Finally got my refund on Aug 9th for 10,785.24

 

I guess there was some exchange fees included, but it was a PayPal transaction connected to my K Bank CC.

 

 

 

 

[Naam]

1 hour ago, NoBrainer said:

Well you got me curious so I just looked up the transaction.

March 11th I was debited  12,227.36 Baht

Finally got my refund on Aug 9th for 10,785.24

I guess there was some exchange fees included, but it was a PayPal transaction connected to my K Bank CC.

payment exchange rate 37.72, thats where the cheating started and 32.39 at refund same same cheating not different (not considering any potential other fees).

[Naam]

15 hours ago, Dan5 said:

If you could predict rate changes you could make a huge amount of money. Who knows what the rate will be the end of the year.

i could be a rich man but my dogs buried my crystal ball in the garden

[Naam]

10 hours ago, CanuckThai said:

There is a lot of gold leaving Thailand on planes.....A LOT

the gold is stolen by species 4287 from the Delta Quadrant. they need it to produce goldpressed Latinum bars which they use to trade with the Ferengis who use the Latinum to pay the FED, the Bank of Thailand and the Bank of England for manipulating exchange rates... A LOT.

[sandyf]

17 hours ago, nauseus said:

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.

And where would the pound be if the dollar had not fallen over the same period, or heaven forbid, if it had appreciated.

[morrobay]

17 minutes ago, Naam said:

the gold is stolen by species 4287 from the Delta Quadrant. they need it to produce goldpressed Latinum bars which they use to trade with the Ferengis who use the Latinum to pay the FED, the Bank of Thailand and the Bank of England for manipulating exchange rates... A LOT.

You might get by as a second rate economist but forget comedian

[morrobay]

11 hours ago, CanuckThai said:

There is a lot of gold leaving Thailand on planes.....A LOT

OK , what is your source for this and what are the implications ??

[sandyf]

19 hours ago, cadle1 said:

I see no evidence of the BHT Weakening against the £

The pound to baht relationship tends to follow the pound to dollar relationship, if the pound drops against the dollar it will drop against the baht and vv.

I know the graph is a bit old but you would see the same similarity over any period in time.

[nauseus]

1 hour ago, sandyf said:

And where would the pound be if the dollar had not fallen over the same period, or heaven forbid, if it had appreciated.

In 1985 the USD was very strong against everything. Below is the DXY history:

 

[nauseus]

34 minutes ago, nauseus said:

In 1985 the USD was very strong against everything. Below is the DXY history:

 

Well almost everything. At that time the baht was basically pegged to the USD at 25. This all changed in 1997!!!

[Grumpy Duck]

18 hours ago, The Dark Lord said:

Sorry my friend my post was not clear, I was referring to the £ to the THB not the dollar. 

 

Apologies offered. 

Not necessary, however, Accepted

[pby92]

May be against euro only:

 

[alant]

On 8/21/2017 at 6:26 PM, Grumpy Duck said:

I don't know what graphs you are looking at but here is the one year dollar to baht from xe currency this chart shows a significant drop in the value of the US dollar. Perhaps you are looking at HK Dollar or Singapore Dollar

 

about 1.5c over the year, not that "significant" I feel plus taking 1 currency example can lead to  problems.

[meatboy]

On 21/8/2560 at 1:56 PM, riclag said:

The buying rate (TT) was 35.40 as of 1/17.Now its 33.06,its not going up. The bht is stronger.

its also the GBP going the same way,feb.it was bordering 44.todays T.T,rate is on the border of 42.

wish we could sell up and move back to the uk.HOW MUCH IS IT TO BUY A POUND.

remember that tv.show, hughie greens DOUBLE YOUR MONEY.

wake up taff your dreaming again.

[sandyf]

21 hours ago, nauseus said:

In 1985 the USD was very strong against everything. Below is the DXY history:

 

"And where would the pound be if the dollar had not fallen over the same period, or heaven forbid, if it had appreciated."

Obviously not clear enough.

Where would the pound be if the dollar had not fallen since the referendum,or heaven forbid, if it had appreciated.

[nauseus]

2 hours ago, sandyf said:

"And where would the pound be if the dollar had not fallen over the same period, or heaven forbid, if it had appreciated."

Obviously not clear enough.

Where would the pound be if the dollar had not fallen since the referendum,or heaven forbid, if it had appreciated.

Topic is re THB but that is obviously not what you are really interested in here. The DXY is actually only slightly lower now than it was just before the referendum. It rose from then until December then fell back again. Clear enough?

[Grumpy Duck]

8 hours ago, alant said:

about 1.5c over the year, not that "significant" I feel plus taking 1 currency example can lead to  problems.

Notice, I am an American, so of course it must be me me me.  55555