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Baht is rising fast


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3 hours ago, davidst01 said:

Im unsure and thus asking.... if its rising does it mean its good for me if Im intending to convert some baht to euro and english pounds cash??

thanks

Only if you made your money here ,not if you changed euro's to baht few years ago , and now change back .

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Most countries are trying to drag down their currencies to boost exports and keep a lid on imports (e.g. drive up the price of things brought from overseas so as to encourage domestic manufacturing).

 

Thailand is doing the opposite, presumably, to give a leg up to competing ASEAN countries, like Vietnam, Malaysia and Indonesia, and to help boost their economies.

 

Perhaps it also helps the Thai government buy new submarines and other military goods from overseas, thereby boosting the economies of those countries.

 

And it helps the common people of Thailand by allowing them to buy more imports, rather than made in Thailand products. Unless, of course, the Thai government erects tariff barriers against these imports to protect its own domestic products. Of course, no one but Thais will be able to buy these products because they will be too expensive for import due to the high Baht.

 

Expect China to continue to push its currency down presumably to counter American tarrifs. So maybe Chinese investment in Thailand will slow down.

 

So, yes, well done the Thai government for helping out its competitors.

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1 hour ago, Kurtf said:

Good. That means the dollar is sinking and gold is going up. 😊

gold hasn't gained a single cent for the last FIVE YEARS. :coffee1:

 

gold.jpg

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20 hours ago, moe666 said:

If you are a US tax payer talk to Trump his new tariffs have caused the dollar to fall

yeah... MAGA currency manipulating to keep dollar low to increase US goods exports...funny thing China was doing the same and Trump called them currency manipulators... old saying, it's not me it's them

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2 minutes ago, Naam said:

gold hasn't gained a single cent for the last FIVE YEARS. :coffee1:

 

gold.jpg

thanks, told that to my wife (she's a gold investor freak) and she didn't believe me

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Fact America has been the whipping boy by many countries. Enough its over now. So we have to educate ourselves please. 

Trump is a great leader who has and continues to be beat up by no damn good democrats. 

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3 minutes ago, rascalman said:

Fact America has been the whipping boy by many countries. Enough its over now. So we have to educate ourselves please. 

Trump is a great leader who has and continues to be beat up by no damn good democrats. 

:cheesy:

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US treasury thinks Thailand is manipulating Baht to keep it week for export advantage. It's is already in Treasury departments' currency watch. Currency traders are speculating Baht will be around 25/USD in three years.

 

I don't know how a country can manipulate a free market currency like Baht to make it strong, unless they peg the currency to dollar. But there are ways to make it weak like buying dollars from the open market by printing its own currency. But Thailand does not have to do that because its coffers is full of foreign currency due to tourist revenues. 

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18 hours ago, sanemax said:

Well done  to the Thai Nation , it people and  its economy , they all worked hard to make the Baht a strong currency .

  All the"not doing to well* Westerners who want to live like kings on a small income  will have to move to Pakistan or Turkey or somewhere  else

Great post INSANE Max

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The Baht is the strongest Asian currency this year as reported by Bangkok Post today.“. Oh that’s definitely not true currently the strongest Asian currency is the Kuwaiti Dinar.  The Thai baht currently ranks number 20 out of the 48 countries in Asia.  So it’s actually not doing that well at all.  The USD Exchange Rate is still a little up and down but not that bad just not as good as it used to be.  I was surprised that the baht is doing better than the Japanese Yen which is unusual, so the baht is doing slightly better but best in Asia, no not even close far from it.  The fact that the baht currently ranks a little better than the Japanese Yen right now tells me just how temporary the baht’s minor success really is.  

 

And by the way the Chinese Yuan ranks number 14 above the Thai baht which currently ranks only 20 in Asian currencies.  

 

Basically the baht is having a little bit of success but it’s grossly over exaggerated the Thai baht ranks number 20 out of the 48 Asian countries.  

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Actually the current Exchange Rate was 31.56 baht to the USD but apparently it just bounced back up to 32 again. The Exchange Rate is supposed to be doing a lot better this year and it’s looking like it will either do better or stay about the same. The baht to USD Exchange Rate still has very optimistic projections.

 

Although whenever I’m at the bank once a month I always look back at the Exchange Rate board and the Eros and the USD are always doing the best. Whenever I read that world currency exchange rate board at the bank I always just thank God that my money is not the Australian Dollar or the British Pound.

 

 

Sent from my iPhone using Thaivisa Connect

 

 

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