1. #3101
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    Quote Originally Posted by JPPR2 View Post
    I think it is likely to see a mid 32 to upwards 33 if the trend remains the same. It's all upside for us US folks whether it be SS or you are working and paid a US salary that is converted and deposited here.
    The article said:

    "The Thai currency has dropped about 2.7% in March, taking losses for the year to around 4.1%. It traded above 31.25 per dollar on Tuesday, its weakest since late October."

    Currently, Wednesday, XE.com is showing a middle-market rate of 31.38.

  2. #3102
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by JPPR2 View Post
    It's all upside for us US folks
    ...from your lips to the baht deity's ears...

  3. #3103
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    The trend remains down. >32 or <28THB / us$ by mid year.

    Place your bets gentlemen.

  4. #3104
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by OhOh View Post
    The trend remains down
    ...no, it doesn't...the trend is up until hordes of Chinese descend....even then, the government has so much short-term debt in foreign currency, that the baht may take even longer to change the trend...

  5. #3105
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    CURRENCY DENOMINATION BUYING RATE SELLING RATE
    USDUnited States


    100


    31.22


    31.26
    50 31.22 31.26
    20 - 10 31.10 31.16
    5 30.99 31.16
    1 30.82 30.96
    GBPUnited Kingdom




    50




    42.95




    43.05
    20- 5 42.85 42.95
    EUREuropean Union




    500-100




    36.60




    36.70
    50-5 36.55 36.70
    CHFSwitzerland




    1000 - 10




    33.05




    33.20
    AUDAustralia




    100 - 5




    23.70




    23.80




    The Best Currency Exchange Rates | Super Rich Thailand
    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
    Read more:

  6. #3106
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    Of course the dollar is strong now I just sent over a heap when it was at the lowest point in months.

    Funny how it always seems to work out.

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  10. #3110
    Thailand Expat tomcat's Avatar
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    Peso May Seal Lead Over Baht as Philippine Trade Deficit Shrinks



    Peso May Seal Lead Over Baht as Philippine Trade Deficit Shrinks

    David Finnerty (Bloomberg)

    Mon, April 5, 2021, 7:00 AM

    (Bloomberg) -- The Philippine peso and the Thai baht offer a tale of contrasting fortunes, with one faring better than the other against a strong dollar.
    The peso dropped 1% against the greenback in the first quarter, outperforming the baht whose 4.2% decline made it emerging Asia’s laggard. The divergence is likely to persist in the coming three months as the Philippines’ trade deficit narrows while Thailand’s tourism industry languishes.

    As a rising dollar reasserts itself, local factors are helping to determine which regional currencies can better withstand the fallout. Still, a weaker exchange rate may not be an undesirable outcome for Asian policy makers, with the likes of the Bank of Thailand consistently arguing against a strong currency to protect exporters.

    “The Philippine peso has been driven by expectations on its trade balance,” said Eugenia Fabon Victorino, head of Asia strategy at SEB in Singapore. “The baht is dealing with persistently weak portfolio flows which is exacerbated by the propensity of local corporates to raise outbound investments considering the weak domestic demand in Thailand.”

    The peso rallied to 47.90 to the dollar in mid-February, the strongest since September 2016. It’s being supported by a steady stream of overseas remittances and expectations for the Philippines’ trade shortfall to shrink as virus-related curbs damp domestic demand and imports.

    A report due Thursday may confirm this, with economists in a Bloomberg survey forecasting that the deficit narrowed to $2.25 billion in February from $2.42 billion the previous month.

    All these positives have helped offset the impact of falling real interest rates after Bangko Sentral ng Pilipinas kept policy on hold even as inflation quickened. Technicals also favor the Philippine currency, with the dollar-peso currency pair facing resistance at its 200-day moving average, currently around 48.64.
    In contrast, the outlook for the baht appears less rosy. After bearishly breaching support at around 31.00 to the dollar, the path is clear for Thailand’s currency to fall toward its July low of 31.858.

    Beyond technicals, the baht lost a pillar of support after Thailand’s long-standing current-account surplus turned into a deficit as tourism collapsed in the face of the pandemic. Equity outflows totaling almost $1 billion in the first quarter may have also hurt the currency.

    Additionally, the central bank has pledged to keep policy accommodative after lowering its 2021 growth forecast to 3% from 3.2% at a meeting last month.
    With the baht’s headwinds unlikely to subside anytime soon, it appears more likely than not that the currency will continue to trail its Philippine peer.
    Majestically enthroned amid the vulgar herd

  11. #3111
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    Thai Baht Rates .-usdthb-jpg

    WTF happened to the Baht on Saturday? It jumped nearly 2%. The Saturday at the start of a Western long weekend. This is the USD chart, other major currencies were similar.

    Is this manipulation? How much do you need to push a currency 2%? Can someone mesage Mr. Soros and ask him?

    Weekend over and the slide continues. The Baht has touched 31.4 today.

  13. #3113
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    CURRENCY DENOMINATION BUYING RATE SELLING RATE
    USDUnited States




    100



    31.38



    31.42
    50 31.38 31.42
    20 - 10 31.26 31.32
    5 31.15 31.32
    1 30.98 31.12

    GBPUnited Kingdom






    50





    43.00





    43.15
    20- 5 42.90 43.05

    EUREuropean Union






    500-100





    37.25





    37.35
    50-5 37.20 37.35

    CHFSwitzerland






    1000 - 10





    33.85





    33.95

    AUDAustralia






    100 - 5





    23.80





    23.90



    The Best Currency Exchange Rates | Super Rich Thailand

  17. #3117
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    Nice work with the GBP snakey, the futures looking as green as a Chang bottle.

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  20. #3120
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    It remains a mystery to me what is happening to the THB every recent weekend. I understand that trading volumes are thin on weekends so small transactions could affect a currency disproportionately. That doesn't seem sufficient explanation for the THB jumping over 2% on a Saturday only to give it up again on a Monday. What is happening here?

    Meanwhile, the slide continues, from 30.0 at the beginning of the year to 31.5 today, middle market rates. That is a nice round 5% bump to my USD investments this year, thank you.

    Thai Baht Rates .-usd-thb-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-usd-thb-jpg  

  21. #3121
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    ...Bloomberg forex analysts are predicting 32.5-34 THB-USD by year's end...unless vaccinations allow tourism to start up again...

  22. #3122
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    " Superrich "

    CURRENCY DENOMINATION BUYING RATE SELLING RATE
    USDUnited States



    100



    31.45



    31.50
    50 31.45 31.50
    20 - 10 31.33 31.40
    5 31.22 31.40
    1 31.05 31.20

    GBPUnited Kingdom





    50





    43.15





    43.25
    20- 5 43.05 43.15

    EUREuropean Union





    500-100





    37.35





    37.45
    50-5 37.30 37.45

    CHFSwitzerland





    1000 - 10





    33.95





    34.05

    AUDAustralia





    100 - 5





    23.85





    23.95




    The Best Currency Exchange Rates | Super Rich Thailand

  23. #3123
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    " Superrich "

    CURRENCY DENOMINATION BUYING RATE SELLING RATE
    USDUnited States


    100


    31.45


    31.50
    50 31.45 31.50
    20 - 10 31.33 31.40
    5 31.22 31.40
    1 31.05 31.20
    GBPUnited Kingdom




    50




    43.15




    43.25
    20- 5 43.05 43.15
    EUREuropean Union




    500-100




    37.35




    37.45
    50-5 37.30 37.45
    CHFSwitzerland




    1000 - 10




    33.95




    34.05
    AUDAustralia




    100 - 5




    23.85




    23.95


    The Best Currency Exchange Rates | Super Rich Thailand

  24. #3124
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    ^
    The rates are Superrich rates hasn't changed in 3 days check it out with link

  25. #3125
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    Quote Originally Posted by snakeeyes View Post
    ^
    The rates are Superrich rates hasn't changed in 3 days check it out with link
    Maybe they are all asleep for Songkran. The Baht is up a bit today, 31.2 on XE.com

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