Thai Baht dropping

[whiteman 681]

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?

 

[CharlieH 25,526]

Troll/off topic remarks removed.

 

[KhunBENQ 14,004]

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 by KhunBENQ

[RichardColeman 15,733]

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

[mshs 60]

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%

[tjo o tjim 305]

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.

[007cableguy 1,307]

Pound creeping up!

[Beggar 2,389]

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. 

[whiteman 681]

Beggar  The Bahht has not dropped enough as yet give it 2 more week to see the real costs to Thailand start to appear.

[30la 2,005]

As far as I can see, it has already started to fall, I think it will stop at 42 Baht for US $!

[Laza 45 2,056]

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'...

 

[dougiemac52 35]

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

[kwak250 977]

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.

[Mac98 981]

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!

[shackleton 652]

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