huberthammer Posted November 21, 2019 Share Posted November 21, 2019 6 minutes ago, EricTh said: I have read many newspaper reports over the years. Money is flowing to safe haven such as Japanese Yen and Thai baht because of trade war between China and USA etc. You can google all those articles yourself. so it has nothing to do with the large current account surplus and the trade surplus. Link to comment Share on other sites More sharing options...
EricTh Posted November 21, 2019 Share Posted November 21, 2019 11 minutes ago, huberthammer said: so it has nothing to do with the large current account surplus and the trade surplus. There are many factors involved in a country's currency and not just one. If you take Economics 101, of course it does depend on trade surplus but other factors not written in Economics textbooks come into play (so-called unwritten rules). There is also the factor of demand and supply from financial speculators with huge money and investors. Link to comment Share on other sites More sharing options...
Tomahawk21 Posted November 21, 2019 Share Posted November 21, 2019 On 11/18/2019 at 6:02 PM, RotBenz8888 said: He's not alone.... 'very worried' about strength of baht but do sweet F A about it Link to comment Share on other sites More sharing options...
samran Posted November 21, 2019 Share Posted November 21, 2019 34 minutes ago, EricTh said: There are many factors involved in a country's currency and not just one. If you take Economics 101, of course it does depend on trade surplus but other factors not written in Economics textbooks come into play (so-called unwritten rules). There is also the factor of demand and supply from financial speculators with huge money and investors. Um I’ve got an undergrad and post grad economic qualifications. Please explain these ‘unwritten rules’ you speak of that I didn’t learn in those (clearly) 6 years of wasted study. Link to comment Share on other sites More sharing options...
Dukeleto Posted November 26, 2019 Share Posted November 26, 2019 Ladies and gentlemen have a look at the attached graph to get a glimpse of where the Thai baht could go to. If you think it’s strong now....look to where it’s been in the past. A wise man once said “to know the future study the past”. Link to comment Share on other sites More sharing options...
Tayaout Posted November 26, 2019 Share Posted November 26, 2019 33 minutes ago, Dukeleto said: Ladies and gentlemen have a look at the attached graph to get a glimpse of where the Thai baht could go to. If you think it’s strong now....look to where it’s been in the past. A wise man once said “to know the future study the past”. And a even wiser one said "Past performance is no guarantee of future results" but I'm also sceptical of technical analysis... Link to comment Share on other sites More sharing options...
Moo 2 Posted November 27, 2019 Share Posted November 27, 2019 Come on guys, give him time, not all the Elite have sent their money offshore yet, then the baht will come down, then the Elite will send their money back home. this could happen just in time for Songkran festival! My plans to retire and live in peace with my family in this "cool" country is vanishing on the daily bases. It's no longer what it used to be, the good days are over and even tourists are aware of it. Link to comment Share on other sites More sharing options...
SometimezaGreatNotion Posted November 30, 2019 Share Posted November 30, 2019 How can they change anything, when so many politicians are baht and sold? Link to comment Share on other sites More sharing options...
Christie Paul Posted November 30, 2019 Share Posted November 30, 2019 If Thailand ratifies the CRS and OECD tax reporting initiative, the Baht will normalise in about 15 minutes, so quickly the demand for Baht will fall. They have made a calculation, that the country is somehow better off as being non-compliant to CRS/OECD reporting, because it will attract vast capital from complaint countries, looking for safe haven. Interestingly Thailand is the ONLY significant country (apart from the US) taking this position. Link to comment Share on other sites More sharing options...
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