Thread: Thai Baht Rates .

The £1 is at 46 Baht again

Originally Posted by snakeeyes

The £1 is at 46 Baht again

I expected the announcements about easing Thailand's entry and movement conditions would have pushed the Baht up. In fact it has slipped again today.

Middle market rate against the USD is currently 33.66. It was last there in July, 2017.

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.79	33.83
50	33.79	33.83
20 - 10	33.68	33.73
5	33.57	33.73
1	33.40	33.53
GBPUnited Kingdom	50	45.55	45.80
20- 5	45.45	45.70
EUREuropean Union	500-100	39.35	39.45
50-5	39.30	39.45
CHFSwitzerland	1000 - 10	36.30	36.40
AUDAustralia	100 - 5	24.40	24.50

The Best Currency Exchange Rates | Super Rich Thailand

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.87	33.91
50	33.87	33.91
20 - 10	33.76	33.81
5	33.65	33.81
1	33.48	33.61
GBPUnited Kingdom	50	45.50	45.70
20- 5	45.40	45.60
EUREuropean Union	500-100	39.25	39.35
50-5	39.20	39.35
CHFSwitzerland	1000 - 10	36.20	36.35
AUDAustralia	100 - 5	24.30	24.40

The Best Currency Exchange Rates | Super Rich Thailand

^ snakey you've made it all coy again.

^
​It is what it is don't blame the messenger saying that i say everybody boycot Thailand and bring them to their knees especially the Ladies they look great when their on their knees

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.60	33.65
50	33.60	33.65
20 - 10	33.49	33.55
5	33.38	33.55
1	33.21	33.35
GBPUnited Kingdom	50	45.20	45.40
20- 5	45.10	45.30
EUREuropean Union	500-100	38.90	39.05
50-5	38.85	39.05
CHFSwitzerland	1000 - 10	36.00	36.10
AUDAustralia	100 - 5	24.10	24.25

The Best Currency Exchange Rates | Super Rich Thailand

Well, yesterday's Thai Baht movements against the USD were interesting.

The Baht doesn't always move with fundamentals. My interest was piqued with those curious weekend bumps back in April. Since then I have had a feeling that there are small and rapid movements particularly at week ends or month ends. Yesterday, September 30th, was the end of the Thai government's financial year, a lot of books being closed, so would it make a difference?

In the morning the Baht continued its slide against the USD to 33.99 and I thought this might be a good time to transfer some beer tokens. I got fewer beer tokens than I expected and when I looked in the afternoon the Baht was on a bit of a charge. Some hours later it had gone to 33.61, which is a full 1% gain. That is a big change in half a day if you are playing with big money.



Was there any very positive news for the Thai economy or any very negative news for the USD? I didn't notice anything.

Maybe there is someone here more knowledgeable than I who can explain. Preferably someone who can explain what will happen rather than what did happen, then I can I can build on my beer token collection.

This opinion piece popped up when I was looking for articles, from yesterday's Bangkok Post.

I'll only post an excerpt, there is more at the Post's weblink.


Thai economy unlikely to rebound soon
Chartchai Parasuk Freelance economist


The tourism industry is no longer a secured source of income. In 2019, tourism income was 3 trillion baht, equivalent to 17.8% of GDP. One-third of that was from domestic travellers and two-thirds of income was from foreign tourists. If we should lose one-third of such income -- 1 trillion baht -- the money has to come from other sources like the manufacturing sector in order to maintain the size of the economy and Thai citizen's per capita income. Currently, the manufacturing sector generates about 4 trillion baht for GDP which means that the sector has to expand by 25% to replace the potential tourism income loss -- a monumental task for economic structural adjustment.

Government finance is not a small issue for Thailand and, in time, it will surely become a major stumbling block for economic development. A small economy cannot afford to run long-term fiscal deficit. In fiscal year 2020 and fiscal year 2021 (until July), the government borrowed over 2 trillion baht, about 13% of GDP, to cover its deficit. In fiscal year 2022, another 700 billion baht of fiscal deficit is planned. This is why the public debt to GDP level must be raised to 70% of GDP.

Many, including the Bank of Thailand, say that 70% to GDP of public debt is not high by international standards. I will not argue with them now. But when will we see a balanced budget in this country? How many more years will we have to tolerate fiscal deficit and keep adjusting the legal public debt to GDP ratio?

Know this. Ten years ago, household debt to GDP was merely 60.3% -- which was the international average. The figure has now jumped to 90.5% of GDP as of 2021. Once you start debt, you can't stop. It is more addictive than narcotics. For those looking for sunny days after the pandemic, think again.

Thai economy unlikely to rebound soon

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.54	33.59
50	33.54	33.59
20 - 10	33.43	33.49
5	33.32	33.49
1	33.15	33.29
GBPUnited Kingdom	50	45.40	45.55
20- 5	45.30	45.45
EUREuropean Union	500-100	38.85	39.00
50-5	38.80	39.00
CHFSwitzerland	1000 - 10	35.95	36.10
AUDAustralia	100 - 5	24.20	24.35

The Best Currency Exchange Rates | Super Rich Thailand

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.62	33.67
50	33.62	33.67
20 - 10	33.51	33.57
5	33.40	33.57
1	33.23	33.37
GBPUnited Kingdom	50	45.50	45.65
20- 5	45.40	45.55
EUREuropean Union	500-100	39.00	39.10
50-5	38.95	39.10
CHFSwitzerland	1000 - 10	36.05	36.15
AUDAustralia	100 - 5	24.30	24.40

The Best Currency Exchange Rates | Super Rich Thailand

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USD United States	100	33.72	33.78
50	33.72	33.78
20 - 10	33.61	33.68
5	33.50	33.68
1	33.33	33.48
GBP United Kingdom	50	45.85	45.95
20- 5	45.75	45.85
EUR European Union	500-100	39.10	39.20
50-5	39.05	39.20
CHF Switzerland	1000 - 10	36.35	36.45
AUD Australia	100 - 5	24.40	24.50

The Best Currency Exchange Rates | Super Rich Thailand

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.82	33.86
50	33.82	33.86
20 - 10	33.71	33.76
5	33.60	33.76
1	33.43	33.56
GBPUnited Kingdom	50	46.00	46.10
20- 5	45.90	46.00
EUREuropean Union	500-100	39.15	39.25
50-5	39.10	39.25
CHFSwitzerland	1000 - 10	36.30	36.45
AUDAustralia	100 - 5	24.45	24.60

The Best Currency Exchange Rates | Super Rich Thailand

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	33.85	33.89
50	33.85	33.89
20 - 10	33.74	33.79
5	33.63	33.79
1	33.46	33.59
GBPUnited Kingdom	50	46.05	46.15
20- 5	45.95	46.05
EUREuropean Union	500-100	39.05	39.15
50-5	39.00	39.15
CHFSwitzerland	1000 - 10	36.35	36.45
AUDAustralia	100 - 5	24.65	24.75

The Best Currency Exchange Rates | Super Rich Thailand