Jump to content
BANGKOK
rooster59

Baht seen strengthening next week but US economic data holds key

Recommended Posts

9 minutes ago, Isaan sailor said:

I kinda hope you’re right.  With USD/Baht parity, I can cash in my Baht, and return to USA as a millionaire.

The problem is that a loaf of bread will cost one million...or more... 

Share this post


Link to post
Share on other sites

It's difficult to understand the logic that suggests inflation is on the cards when the country is on the edge of technical deflation, albeit caused by artificially low demand. But Thailand has had problems with low inflation for many years although BOT policy on inflation keeps changing, their policy document makes for interesting reading:

 

https://www.bot.or.th/English/MonetaryPolicy/MonetPolicyKnowledge/Pages/Target.aspx

Share this post


Link to post
Share on other sites
Posted (edited)

Any day now the Bank of Thailand going to jump in....ha ha ha ha h a

 

 

30.93...and sinking fast

 

From 33 to under 31 in 2 months...

 

On a typical 800,000 baht retirement transfer..

 

@ 33:     $24,242

@ 30.93 $25,865

 

Difference: $1623...

 

😭😭😭😭

 

 

Edited by tonray

Share this post


Link to post
Share on other sites
38 minutes ago, tonray said:

Any day now the Bank of Thailand going to jump in....ha ha ha ha h a

 

 

30.93...and sinking fast

 

From 33 to under 31 in 2 months...

 

On a typical 800,000 baht retirement transfer..

 

@ 33:     $24,242

@ 30.93 $25,865

 

Difference: $1623...

 

😭😭😭😭

 

 

The spineless empty suit at the Federal Reserve just decided to let the dollar printing press run at full capacity... expect the worse (appreciation) for the baht and some other currencies... 

  • Like 1

Share this post


Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...