THAI BAHT

[thaimeme]

Real estate goes up in value contrary to the Thai economy reflected by the Bahts value. Masses of empty condos in Pattaya.
Must be that face thing..

Rather deceiving to use that comparison and scenario.

Commercial city property usually doesn't reflect a truer value than countryside property.

[bowie]

Real estate goes up in value contrary to the Thai economy reflected by the Bahts value. Masses of empty condos in Pattaya.
Must be that face thing..

As only Thai can own real estate I can't connect the dots on this one.

Foreigners owning condo's with the restrictions is a fairly limited market. I can't see how the value of the Baht would have much impact at all on the sales. The empty condos are a result of a lack of buyers. Why risk purchasing in a country undergoing serious political upheaval?

[ltnt]

The Thai currency market is fully vested in BOT manipulation. Contrary to popular belief the Baht is not controlled by an open market place. Same goes for the SET which recently had a reference to being manipulated by persons unnamed then the story clouded over and has since vanished from the spectrum of Thai finance.

Baht this a.m. is 32.51/$1 Pound is 1.58/$1 and Euro is 1.26/$1

It is the intentions of the present Government to maintain a strong baht presence which will enforce their claims of a healthy Thai economy bringing loads smiles to all.

[9999]

possibly the Thai baht may well go whichever way the RMB goes bloomberg was saying the other day, there is billions of rmb being taken out of the country

The Baht is pegged to the USD for the most part. That why you see this change in $AUD and THB - because the AUD went down against the USD. Unless something drastic happens, the THB will remain within o few points of the USD as it is now, regardless of what happens to RMB (which is also pegged to USD)

If and when the political situation in Thailand gets more stable, the price should recover and go up again. Especially if there is going to be any more tension between Russia and the West, which can bring down the value of Euro and USD.

How much did it go down due to the political situation?

[ltnt]

How much did it go down due to the political situation?

It barely felt the speed bump of a coup. Same as the SET which actually has gone up. the Baht actually increased in value for a short period, but they couldn't keep a straight face in meetings regarding the bahts value.

When you realize that your domestic products are non-competative with other producers of the same products due to the over-valuation of your currency is when you do a turn-around and drop the bahts value to say 35/$1. That's when exports become competitive on a global scale. Rice and rubber will remain in the warehouse due to the over-valuation of the baht and the over production of both for some time to come.