whiteman Posted January 27, 2020 Share Posted January 27, 2020 Ok guys and gals with Thailand's tourist business under real threat from this Virus. How long do you think it will be b4 it starts dropping. And to what levels and what time zone? 2 Link to comment Share on other sites More sharing options...
CharlieH Posted January 27, 2020 Share Posted January 27, 2020 Troll/off topic remarks removed. Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted January 27, 2020 Popular Post Share Posted January 27, 2020 (edited) Depends on what percentage means dropping for you. Nice little jump for Euro and Dollar this morning. You can only hope it continues. Don't overestimate the influence of tourist business! Edited January 27, 2020 by KhunBENQ 3 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted January 27, 2020 Popular Post Share Posted January 27, 2020 2 hours ago, whiteman said: with Thailand's tourist business under real threat from this Virus You obviously didn't get the 10% increase memo 1 7 Link to comment Share on other sites More sharing options...
mshs Posted January 27, 2020 Share Posted January 27, 2020 Adapt to a strengthening B or fantasize about droppings and time zones or frames. Baht strength continues until 1) the auto-plant restart (floods of 2011) subsidies exist and 2) JPY rates remain at -0.1% with the THB rates at 1.25% and NZD rates at 1% 1 Link to comment Share on other sites More sharing options...
tjo o tjim Posted January 28, 2020 Share Posted January 28, 2020 For 2020, I think we will keep a floor of 30.0-30.1 and a ceiling of 31.5 for the USD, barring some really bad additional developments with the broader economy. Essentially stabilization. To get back in the 35 neighborhood would require pretty significant turmoil in Thailand and likely stagnation in China. 1 1 Link to comment Share on other sites More sharing options...
007cableguy Posted January 28, 2020 Share Posted January 28, 2020 Pound creeping up! 2 Link to comment Share on other sites More sharing options...
Popular Post Beggar Posted January 28, 2020 Popular Post Share Posted January 28, 2020 A perhaps frustrating situation for farang tourists. Now the Baht drops and at the same time it is dangerous to travel to Thailand. But perhaps a good occasion for us expats to add some money to our Thai Baht accounts. 6 Link to comment Share on other sites More sharing options...
whiteman Posted January 28, 2020 Author Share Posted January 28, 2020 Beggar The Bahht has not dropped enough as yet give it 2 more week to see the real costs to Thailand start to appear. 1 Link to comment Share on other sites More sharing options...
Popular Post 30la Posted January 29, 2020 Popular Post Share Posted January 29, 2020 As far as I can see, it has already started to fall, I think it will stop at 42 Baht for US $! 3 1 6 Link to comment Share on other sites More sharing options...
Laza 45 Posted January 29, 2020 Share Posted January 29, 2020 Well.. the Bt is dropping against the $US at the moment.. but quite a few factors besides the virus causing the drop.. how far will it go?.. good question.. as they say 'how long is a piece of string'... Link to comment Share on other sites More sharing options...
dougiemac52 Posted January 29, 2020 Share Posted January 29, 2020 On 1/27/2020 at 12:54 AM, CharlieH said: Troll/off topic remarks removed. Incredible just yesterday the Thai leader said it was 100% under control and there was only 6 people suffering I think. Maybe he meant 100% increase per day ???? 1 Link to comment Share on other sites More sharing options...
kwak250 Posted January 29, 2020 Share Posted January 29, 2020 The Thai baht is so sttong that i have come to believe that even when the country suffers with disasters the baht just keeps on getting stronger. I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it. Probably make the baht even stronger. Link to comment Share on other sites More sharing options...
Mac98 Posted January 29, 2020 Share Posted January 29, 2020 The Chinese are not going to announce tomorrow that the virus has been contained. It would take weeks to be sure even if was contained tomorrow. Visits to Thailand will continue at a slower pace and worries will continue. Investors don't like uncertainty. Barring an exploding contagion, look for a slow slide, not a plunge, to 32.5 by March 1, then reassess the situation. Look for a slow recovery in tourist numbers, especially with high season winding down. Aside: Remove the bras for songkran and let the party begin! 1 Link to comment Share on other sites More sharing options...
shackleton Posted January 29, 2020 Share Posted January 29, 2020 Will wait until after the 31st January 2020 Then see how the pound sterling reacts to Brexit Not holding my breath but hoping For the best on a rise against the Baht on the exchange rate 1 Link to comment Share on other sites More sharing options...
kevin612 Posted January 29, 2020 Share Posted January 29, 2020 I am glad the baht drops daily, please keep dropping until 32. Link to comment Share on other sites More sharing options...
runamok27 Posted January 29, 2020 Share Posted January 29, 2020 3 hours ago, kwak250 said: The Thai baht is so sttong that i have come to believe that even when the country suffers with disasters the baht just keeps on getting stronger. I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it. Probably make the baht even stronger. I think all of this has more to do with all of the currency weakness everywhere courtesy of the central banks. The GBP got hammered the most because brexit was added onto devalued currency. The Thai's need to devalue their currency too or their economy will keep going downhill. Link to comment Share on other sites More sharing options...
mfd101 Posted January 29, 2020 Share Posted January 29, 2020 (edited) AUD already rising in expectation that RBA will not further reduce interest rates next Tuesday, in which case AUD will rise further against THB. Edited January 29, 2020 by mfd101 Link to comment Share on other sites More sharing options...
WebGuy Posted January 29, 2020 Share Posted January 29, 2020 Not sure about thb but bitcoin is in raise. Link to comment Share on other sites More sharing options...
Skeptic7 Posted January 29, 2020 Share Posted January 29, 2020 Yes...THB is weakening as an overreaction to the virus. A welcome overreaction indeed, but still an overreaction IMO. I've taken advantage of the recent "pop" of the USD against the THB these past couple days, as not expecting it to last overly long, but hoping THB keeps on falling. If so, will exchange more of my stash of USD. 1 Link to comment Share on other sites More sharing options...
LALes Posted January 29, 2020 Share Posted January 29, 2020 Baht hit 31 earlier today. This is all because of the virus. We hung around 30 for months and one virus scare has us at 31 in a matter of a few days. This is serious biz for Thailand. I was in Central World last night and it was EMPTY!! (for a BKK mall). I expect this trend will continue-no tourists and a nervous bunch of technocrats finally getting off their collective asses and doing what has been long overdue. Next stop-32. Link to comment Share on other sites More sharing options...
Tony125 Posted January 29, 2020 Share Posted January 29, 2020 7 minutes ago, LALes said: Baht hit 31 earlier today. This is all because of the virus. We hung around 30 for months and one virus scare has us at 31 in a matter of a few days. This is serious biz for Thailand. I was in Central World last night and it was EMPTY!! (for a BKK mall). I expect this trend will continue-no tourists and a nervous bunch of technocrats finally getting off their collective asses and doing what has been long overdue. Next stop-32. As of 10AM Wensday morning 1/29/20 USDTHB US Dollar/Thai Baht FX Spot Rate 30.92▲ +0.11+0.36% 1 Link to comment Share on other sites More sharing options...
mshs Posted January 29, 2020 Share Posted January 29, 2020 17 hours ago, shackleton said: Will wait until after the 31st January 2020 Then see how the pound sterling reacts to Brexit Not holding my breath but hoping For the best on a rise against the Baht on the exchange rate Time to wake up olde chap. The current rate was baked into the EU withdrawal with the last UK election predictions, over a month ago. 1 1 Link to comment Share on other sites More sharing options...
jonwilly Posted January 29, 2020 Share Posted January 29, 2020 18 hours ago, kwak250 said: I have watched the gbp go from 75 to 38 baht and don't think a Chinese virus will alter it. Probably make the baht even stronger Agree, Baht was 76 to the pound when I came since then DOWN. The Thais took advice following the Asian Financial Crisis and the baht has been on the up & up. John 2 1 Link to comment Share on other sites More sharing options...
Popular Post earlinclaifornia Posted January 30, 2020 Popular Post Share Posted January 30, 2020 20 hours ago, kevin612 said: I am glad the baht drops daily, please keep dropping until 32. 31.07 7:42 2 1 Link to comment Share on other sites More sharing options...
Chivas Posted January 30, 2020 Share Posted January 30, 2020 1 minute ago, earlinclaifornia said: 31.07 7:42 The 9th day in a row that the Baht has been weakening against the benchmark USD 2 Link to comment Share on other sites More sharing options...
hello55060 Posted January 30, 2020 Share Posted January 30, 2020 (edited) 40.7 to the pound . 31.27 to the dollar after some big gains this morning Edited January 30, 2020 by hello55060 Z 1 Link to comment Share on other sites More sharing options...
BritManToo Posted January 30, 2020 Share Posted January 30, 2020 8 hours ago, jonwilly said: Agree, Baht was 76 to the pound when I came since then DOWN. The Thais took advice following the Asian Financial Crisis and the baht has been on the up & up. John If you'd come a bit earlier it would have been 35bht to the pound. 1 Link to comment Share on other sites More sharing options...
Henryford Posted January 30, 2020 Share Posted January 30, 2020 9 hours ago, mshs said: Time to wake up olde chap. The current rate was baked into the EU withdrawal with the last UK election predictions, over a month ago. Really, the Pound is shooting up, 40.7 today. 50 at 23.01 tomorrow. 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted January 30, 2020 Share Posted January 30, 2020 Sad really, some of us will make money off panic and people dieing.. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now