Thai Baht dropping

[kevin612 1,240]

I am glad the baht drops daily, please keep dropping until 32.

[runamok27 217]

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. 

[mfd101 3,285]

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

[WebGuy 67]

Not sure about thb but bitcoin is in raise.

[Skeptic7 4,308]

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. 

[LALes 443]

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.

[Tony125 1,634]

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%

[mshs 60]

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.  

[jonwilly 969]

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 

[earlinclaifornia 2,471]

20 hours ago, kevin612 said:

I am glad the baht drops daily, please keep dropping until 32.

31.07 7:42

[Chivas 2,785]

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

[hello55060 110]

40.7 to the pound . 31.27 to the dollar after some big gains this morning 

 

Edited January 30, 2020 by hello55060
Z

[BritManToo 44,441]

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.

[Henryford 4,976]

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.

[bkk6060 12,939]

Sad really, some of us will make money off panic and people dieing..