Thread: Baht is it going to bottom out?

1. Is the baht going to bottom out or is it going to continue its rise against all currencies?

2. Is Thailand long on the Euro causing the surge in the value of the baht?

3. Going to 28/$1, lower than that in the coming year?

4. Does it really matter what it goes to?

5. What affect has it on you?

6. Is the baht value relative to actual costs of living in Thailand?

7. Will tourism increase?

8. Will foreign investors flock to Thailand due to bahts strength?

9. Can local Thais survive the high value of the baht against consumer prices?

10. Can foreigners living in Thailand survive the high value of the baht? How?

Will the government have to raid bank accounts in order to prop up failing policies?

...oops sorry that's the EU

Don't really know what way it is going long term, but for sure I wish the Baht to weaken or the Euro/and currency's tied to it, to strengthen back to the pre 2008/9 levels, the present strong Baht is costing me a fair bit of what would have been playtime money on the exchange rate, but I guess we are many expats in that boat, thankfully it is not anywhere near bad enough to change my chosen lifestyle here in TH and I surely hope it never will come to that.

It's McDonalds time as far as I am concerned - 44 Baht to the pound, I'm Lovin' It. Just hope it keeps going this way and would like to see 20-25 Baht to the USD.

Originally Posted by ltnt

Baht is it going to bottom out?

Do you really expect serious answers to that question? This is TD just in case you are lost.

Ask 10 economists - you will get 10 different answers but at least one of them may be right

It`s the weak pound thats the problem, there`s an election coming up

Originally Posted by pseudolus

It's McDonalds time as far as I am concerned - 44 Baht to the pound, I'm Lovin' It. Just hope it keeps going this way and would like to see 20-25 Baht to the USD.

Please elaborate?

The Baht has risen further overnight. ThB 43.15 to the £ this morning and under ThB 29 to the Dollar. Should stoke up inflation here in LOS as if there wasn't enough pressure.

The Thai Baht v RMB rate, that's the thing you should be watching.

Originally Posted by ltnt

1


10. Can foreigners living in Thailand survive the high value of the baht? How?

One of the good things about Thailand is that you can cut down on expenses quite easily .
Stop going out drinking as often , not having felang food as often . Move to a cheaper location , theres numerous ways to make savings .

I agree that nobody knows and anything can happen. In the long term many different scenarios will probably play out. But I do think that the US$ has already started to come back although it is in the very preliminary stages.

Today it is hovering just above support.
Unfortunately resistance is only at about 45 so....... difficult to tell.
Looks like the downside me thinks.

Originally Posted by OhOh

The Thai Baht v RMB rate, that's the thing you should be watching.

Why?

Rumor from Thai Visa: BOT cannot cover debt? As of 3:00 today.

It will probably settle at about 40 to the pound.

Originally Posted by ltnt

Originally Posted by OhOh

The Thai Baht v RMB rate, that's the thing you should be watching.

Why?

Rumor from Thai Visa: BOT cannot cover debt? As of 3:00 today.

Maybe China is the top export country for Thailand and hence exchange rate between the two is most important.

what dominoes?

they will just back down and propose some harsh tax regime and job cutbacks (the usual) and hope the population will not protest too much (like in their friend Greece)

One surely might get a much different perspective if earning and spending Baht, en lieu of a predictable dependence on foreign exchange.

One can't compare lifestyles and existence with one currency to the next and how cost of living affects anything.

oi think the pound will drop to 37 baht by the fourth quarter

Originally Posted by ltnt

1. Is the baht going to bottom out or is it going to continue its rise against all currencies?

2. Is Thailand long on the Euro causing the surge in the value of the baht?

3. Going to 28/$1, lower than that in the coming year?

4. Does it really matter what it goes to?

5. What affect has it on you?

6. Is the baht value relative to actual costs of living in Thailand?

7. Will tourism increase?

8. Will foreign investors flock to Thailand due to bahts strength?

9. Can local Thais survive the high value of the baht against consumer prices?

10. Can foreigners living in Thailand survive the high value of the baht? How?

And some wonder why the Chinese aren't playing this game?

...and they still control everything.

Yinglick will have to do something about her brother's currency.
Thailand is getting too expensive.

GDP by country:
USA- rank #1 $14,991,300,000,000
UK- rank #7 2,429,184,000,000
Ger- rank #4 3,604,061,000,000
China- rank #2 7,203,784,000,000
Thai- rank #29 369,709,000,000
Cyprus- rank #97 24,950,000,000

Should one wonder where the stats originate, They are from the World Bank rankings for 2012.

Would you consider a country like Thailand with an average gross domestic product of 369 billion dollars as a strong currency against say a country with a gross domestic product of 14 trillion dollars?

Seems a bit irrational to me?