The trend remains down. >32 or <28THB / us$ by mid year.
Place your bets gentlemen.
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
31.22
31.2650 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
43.0520- 5 42.85 42.95 EUREuropean Union
500-100
36.60
36.7050-5 36.55 36.70 CHFSwitzerland
1000 - 10
33.05
33.20AUDAustralia
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:
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.
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
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.
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
31.38
31.4250 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
43.1520- 5 42.90 43.05
EUREuropean Union
500-100
37.25
37.3550-5 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
Nice work with the GBP snakey, the futures looking as green as a Chang bottle.
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.
...Bloomberg forex analysts are predicting 32.5-34 THB-USD by year's end...unless vaccinations allow tourism to start up again...
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
31.45
31.5050 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
43.2520- 5 43.05 43.15
EUREuropean Union
500-100
37.35
37.4550-5 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
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
31.45
31.5050 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
43.2520- 5 43.05 43.15 EUREuropean Union
500-100
37.35
37.4550-5 37.30 37.45 CHFSwitzerland
1000 - 10
33.95
34.05AUDAustralia
100 - 5
23.85
23.95
The Best Currency Exchange Rates | Super Rich Thailand
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The rates are Superrich rates hasn't changed in 3 days check it out with link
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