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  1. #1
    Thailand Expat
    tomcat's Avatar
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    Possible Upcoming Baht Decline

    ...a welcome respite for those who receive income in USD:


    Thai Baht’s Downturn Could Be Worse Than Usual This Year

    By Yumi Teso (Bloomberg)
    April 9, 2018, 5:00 AM GMT+7

    A seasonal downturn in Thailand’s baht driven by dividend outflows and a lack of tourists could be worse than usual this year amid rising global bond yields and less liquidity, according to Kasikornbank Pcl.

    A dropoff in tourists after the Songkran festival in mid-April and payouts to foreign stock investors usually spell declines for the currency in May. Last year was the first time the baht managed to rally in that month since 2009.

    Seasonal Weakness

    Slower tourism, dividend payouts tend to weigh on baht in May
    Rising developed-market bond yields and the gradual winding down of stimulus by the European Central Bank could prompt overseas investors to rebalance their portfolios away from emerging markets like Thailand, said Kobsidthi Silpachai, head of capital market research at Kasikornbank in Bangkok.

    “The baht may see bigger downward pressure this year than usual,” he said. “Many clients are asking about this dividend season, while exporters are hoping for some light at the end of the tunnel.”

    A decline in the baht may provide some relief to Thai exporters that have complained about an 11 percent rally against the dollar over the last 12 months. Some 87 billion baht ($2.8 billion) of stock dividends will be paid out to non-resident investors in April and May this year, Kasikornbank estimates.


    Majestically enthroned amid the vulgar herd

  2. #2
    Thailand Expat Dillinger's Avatar
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    Possible?

    It went up at that time last year.

    We'll be needing advice from one of our Financial experts- Ant, Lulu or DJ Pat

  3. #3
    Thailand Expat Pragmatic's Avatar
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    Doesn't seem to matter what happens the Baht always seems to ride out the storms.

  4. #4
    ไม่อยู่ใต้กะลามะพร้า ว HuangLao's Avatar
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    Quote Originally Posted by Pragmatic View Post
    Doesn't seem to matter what happens the Baht always seems to ride out the storms.
    .....and certainly not a mystery as to why.

  5. #5
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Dillinger
    We'll be needing advice from one of our Financial experts- Ant, Lulu or DJ Pat
    Let me consult with my dedicated and expert financial advisers Smeg, stroller and taxexile and get back to you on that one...

































    ...Nope, no help sorry. They're still banging on about me not being able to afford my kids school fees.

    Anyway I advise that now is the time to buy alt-coins or classic cars! What could possibly go wrong??

  6. #6
    hangin' around cyrille's Avatar
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    Thai Bahtís Downturn Could Be Worse Than Usual This Year



    It'd better get on with it.

    Holidays coming up.

  7. #7
    Thailand Expat
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    Quote Originally Posted by cyrille View Post
    Quote Originally Posted by tomcat View Post
    Thai Baht’s Downturn Could Be Worse Than Usual This Year
    It'd better get on with it.

    Holidays coming up.
    actually, cyrille, if you think the baht's going to get weaker, then you should wait before buying your baht.

    you finally post on the actual topic of a thread and trip and fall. no wonder you usually just stick to silly flaming.


  8. #8
    hangin' around cyrille's Avatar
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    Quote Originally Posted by Farangrakthai View Post
    actually, cyrille, if you think the baht's going to get weaker, then you should wait before buying your baht.
    That would be why I'm waiting to buy my baht. Try reading my post again. "It'd better get on with it"


    Quote Originally Posted by Farangrakthai View Post
    cyrille, you finally posts on the actual topic of a thread and trip and fall. no wonder you usually just stick to silly flaming.
    And you finally 'finds' [sic.] somewhere you think I've tripped up...and fall flat on your fat face.

  9. #9
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    Quote Originally Posted by cyrille View Post
    That would be why I'm waiting to buy my baht. Try reading my post again. "It'd better get on with it"
    ok, mea culpa.

  10. #10
    hangin' around cyrille's Avatar
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    Quote Originally Posted by Farangrakthai View Post
    ok, mea culpa.


    Better luck next time, tubbs.

  11. #11
    Thailand Expat AntRobertson's Avatar
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    Oh dear...




  12. #12
    hangin' around cyrille's Avatar
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    Maybe he'd have more luck with Latin?

  13. #13
    Thailand Expat
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    Quote Originally Posted by AntRobertson View Post
    Oh dear...
    it's a lesson for you, ant: the numerous times you find yourself being wrong, you should admit it, rather than doing the usual ant thing and start flaming like a screaming kid.

  14. #14
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by cyrille
    Maybe he'd have more luck with Latin?
    He'd make a major abortum of that etiam.

  15. #15
    lom
    lom is online now
    Thailand Expat lom's Avatar
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    Quote Originally Posted by Farangrakthai View Post
    actually, cyrille, if you think the baht's going to get weaker, then you should wait before buying your baht.

    you finally post on the actual topic of a thread and trip and fall. no wonder you usually just stick to silly flaming.

    Have a red for being the first in this thread to start the fight.

  16. #16
    Custard User stroller's Avatar
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    Quote Originally Posted by AntRobertson View Post
    Smeg, stroller and taxexile


    They're still banging on about me not being able to afford my kids school fees.
    Can't you keep your lies & butthurt in the DH...

  17. #17
    f o r u m ghoul SKkin's Avatar
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    Quote Originally Posted by AntRobertson View Post
    Oh dear...





    That's what happens when you fuck over your long term loyal private fleet drivers. Many quitting in disgust. Can't replace them with the new "attractive" lower pay package.

    Notice that's not a Wal-Mart private fleet tractor pulling the WMT trailer. It's a PAM driver I think.



    IMO it's Wal-Mart's upper management(Wall Street rent boys) plan to get rid of their private fleet on their way to becoming the next K-Mart/Sears.





    Ok, got that off my chest. Carry on. I'm hanging in till the bitter end so I'm eligible for unemployment bennies...or...until I'm 59 1/2(Dec. 22, 2018) and can get 401k $$ with no penalties.

    Sorry to jack your thread tomcat, but there's an update on my world. Since Ant provided an opening.

  18. #18
    Thailand Expat
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    Quote Originally Posted by AntRobertson View Post
    He'd make a major abortum of that etiam.
    Veritas

  19. #19
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    Quote Originally Posted by tomcat View Post

    and a lack of tourists could be worse than usual this year

    A dropoff in tourists after the Songkran festival in mid-April
    Seasonal Weakness

    Slower tourism,
    What is the basis of that prediction?

    The first two months were good. Apparently seven million people visited Thailand earning the country 380 billion baht. Of course, past successes are no guarantee of future successes but the OP article does nothing to indicate why they think there will be a "lack of tourists".

    Perhaps they mean relatively fewer tourists after Songkran than before Songkran or during Songkran.
    signature

  20. #20
    Thailand Expat
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    Quote Originally Posted by SKkin View Post
    Sorry to jack your thread tomcat
    ...no problem: it's been a while since we had a US trucking update...

  21. #21
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by stroller
    Can't you keep your lies & butthurt in the DH...
    You should definitely have a whinge about that next time you're discussing my finances with Smeg, taxi & Co.

    In the interim I look forward to you not being a hypocrite and following your own advice...







    ...

  22. #22
    Custard User stroller's Avatar
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    That's a "no" then - sad.

  23. #23
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    Quote Originally Posted by tomcat View Post
    Slower tourism,
    Who does believe that the tourist will decide to go to Thailand or not to go whether the $ is 33 or 30 Baht?

    However, for the Thai exporters it is a big loss...

  24. #24
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    Quote Originally Posted by Neverna View Post
    What is the basis of that prediction?

    The first two months were good. Apparently seven million people visited Thailand earning the country 380 billion baht. Of course, past successes are no guarantee of future successes but the OP article does nothing to indicate why they think there will be a "lack of tourists".

    Perhaps they mean relatively fewer tourists after Songkran than before Songkran or during Songkran.
    As I am deliberately avoiding Songkran this year, I will probably visit sometime next month. While I am busy avoiding Ramadan/Eid in Indonesia.

  25. #25
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    F


    Neither poster has the guts to reply to my post on the open forum, but they are happy to hide behind red repo.
    The first one was from Jeff. Feeble as expected, the cocky snot gobbling retard. Can’t be arsed to edit it. They are simply not worth it.

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