Thread: Thai Baht Rates .

Whatever made the THB bounce on each of the previous four weekends did not happen again this weekend.

The THB slide continues. Slowly, slowly. Currently 31.48, middle market rate.

Spiffing, slowly Snakey, i will be happy with 54 in say 2 years, i'm not even seeking those giddy highs some of us remember of mid 70's and getting over $2.10 to a £

" Superrich "

CURRENCY	DENOMINATION	BUYING RATE	SELLING RATE
USDUnited States	100	31.38	31.43
50	31.38	31.43
20 - 10	31.26	31.33
5	31.15	31.33
1	30.98	31.13
GBPUnited Kingdom	50	43.45	43.60
20- 5	43.35	43.50
EUREuropean Union	500-100	37.80	37.90
50-5	37.75	37.90
CHFSwitzerland	1000 - 10	34.20	34.30
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	31.23	31.28
50	31.23	31.28
20 - 10	31.11	31.18
5	31.00	31.18
1	30.83	30.98
GBPUnited Kingdom	50	43.40	43.55
20- 5	43.30	43.45
EUREuropean Union	500-100	37.70	37.80
50-5	37.65	37.80
CHFSwitzerland	1000 - 10	34.20	34.30
AUDAustralia	100 - 5	24.15	24.25

The Best Currency Exchange Rates | Super Rich Thailand

^
All the Currencies have gone down against the Baht what the fook is going on , WHY is the Baht so strong ? ,

^ green sent

^ Ah hah!

Looks like I'm safe for a while.

^
Duck get down incoming Red

Originally Posted by snakeeyes

^
All the Currencies have gone down against the Baht what the fook is going on , WHY is the Baht so strong ? ,

A very good question and I'd love to know the answer. Forecast GDP well down, borrowing very close to the 60% limit and a good chance that limit will need to be changed, short term debt in foreign currency when there isn't much foreign currency about to repay it, Covid response extremely poor and unlikely to be a lot of help to foreign or even domestic tourism this year. Where is the good news?

Good news? there ain't none!

Glad i xfer'd at 43.8, thanks for the heads up Snakey, close call.

^
All Currencies are up against the Baht is the Baht FOOKED , Hopefully

^ Mendip promised to give you a green when the exchange rate went over 43..

Inflation up by more than 3%, rice exports down by 23% due to high pricing compared to other major exporters, consumer and business debt levels rising. The current plans for re-opening for tourists are looking more and more pie in the sky, and abysmal levels of vaccine distribution. Meanwhile, Western economies (US, UK and even the EU) are forecasting to bounce back quite strongly. Not unrealistic to foresee the baht dropping by another 5-10% by 3Q this year.

Originally Posted by PAG

Inflation up by more than 3%, rice exports down by 23% due to high pricing compared to other major exporters, consumer and business debt levels rising. The current plans for re-opening for tourists are looking more and more pie in the sky, and abysmal levels of vaccine distribution. Meanwhile, Western economies (US, UK and even the EU) are forecasting to bounce back quite strongly. Not unrealistic to foresee the baht dropping by another 5-10% by 3Q this year.

I thought that a year ago when the Baht slipped to 33 to the USD, then it spent the rest of the year going back to 30. I am betting on 33 again this year, but it wasn't sustained last year and the usual underlying influences seem not to be applying.

I wonder if it has to do with all that liquidity swilling around in western markets? There are massive funds all wanting some exposure to SE Asia and where are they going to park all that cash? Despite all the troubles, Thailand still compares favourably within the region. Where is an economist when you need one?

The one posible bright spot for the Baht is as those western markets recover they will be importing more Thai goods. It could be good for exporters, at least those that didn't have to stop operating because the government didn't get the Covid response moving fast enough.