Baht What up with Dat?????

Post by **bumper** » September 9, 2015, 5:01 pm

This time it worked out nicely for me I got the high rate when my pay came. It dropped today and I bought dollars to pay me health insurance. Really I broke even which much better then I normally do. Got 36.12 after charges from the bank bought at 36.12 today.

Every time I think I have pattern figured out It seems to change

Post by **old timer** » September 9, 2015, 5:19 pm

bumper wrote: Got 36.12 after charges from the bank bought at 36.12 today.

That my friend is a pretty good exchange rate, in fact the highest exchange rate for at least the past 5 years.

OT.................... $\:D/$

Post by **bumper** » September 9, 2015, 6:13 pm

Yes it best I've seen in sometime. Between my cola and the baht recovering from the 28 range, that's my house, car and bike payment.

I'm not u sure this link will work saying 36.75 by year end

http://englishnews.t...lar-at-year-end

Post by **old timer** » September 9, 2015, 7:20 pm

bumper wrote:I'm not u sure this link will work saying 36.75 by year end

The link doesn't work for me, anyway total nonsense in OT's opinion.
OT will stick his neck out and say 36.75 by the weekend.

OT................... $\:D/$

Post by **old timer** » September 9, 2015, 7:28 pm

OT withdraws his last comment, I must be bonkers to say that, more like 36.20 by the weekend.

OT............... $\:D/$

Post by **parrot** » September 10, 2015, 7:20 am

Interesting reading at http://asia.nikkei.com/Politics-Economy ... n-1st-half that I would thing would have long term effect.

Post by **old timer** » September 10, 2015, 5:11 pm

Here is Scotiabank's take on how the USD/THB exchange rate will go:

Scotiabank
Global Economics & Foreign Exchange Strategy
Foreign Exchange Outlook
Currency Forecast (end of period)
2014 2015f 2016f
Thailand USDTHB 32.9 36.5 37.0

source: http://www.gfx.gbm.scotiabank.com/Chart ... recast.pdf

OT........................ $\:D/$

Post by **parrot** » September 10, 2015, 11:31 pm

That 2015f Scotiabank forecast seems to be within reach within weeks......or days.

Here's another interesting read buried in the NYT financial pages:
http://www.nytimes.com/2015/09/11/opini ... f=business

Post by **parrot** » September 12, 2015, 4:46 am

I would think any delay in railroad construction is going to be another shot in the foot for the Baht.
The headline says one thing "Sino-Thai railway faces nine-month delay"

the Transport Minister says another "It cannot be concluded when the construction will begin," he said.

http://www.bangkokpost.com/news/transpo ... l-projects

Post by **bumper** » October 1, 2015, 1:46 pm

Got 36.19 from Bangkok bank today 36.19 to the dollar

Post by **bumper** » October 2, 2015, 4:25 pm

Not just the baht losing value

http://www.bangkokpost.com/news/asia/71 ... n-17-years

Post by **papaguido** » October 2, 2015, 7:11 pm

bumper wrote:Got 36.19 from Bangkok bank today 36.19 to the dollar

36.36 from BKK Bank this morning.

Post by **Stantheman** » October 3, 2015, 12:42 am

papaguido wrote:
bumper wrote:Got 36.19 from Bangkok bank today 36.19 to the dollar
36.36 from BKK Bank this morning.

Come on 37

Post by **Laan Yaa Mo** » October 3, 2015, 2:52 am

27.43 to the Canadian dollar this morning Toronto time.

Post by **bumper** » October 9, 2015, 5:07 pm

Well the dollar took a hit today, why?

Well the minutes from the last FED meeting indicated the vote not to raise was well supported.

http://www.bangkokpost.com/news/asia/72 ... ed-minutes

Post by **bumper** » October 10, 2015, 6:21 pm

Emerging Market currency big gains this week

http://www.bangkokpost.com/business/wor ... n-17-years

Post by **bignote1** » October 12, 2015, 2:22 am

I will be in LOS next month, February and more than likely August.
Should I convert enough sterling next month to cover all my cash requirements for next year or convert on each occasion I visit.
What's your prognosis? Any advice gratefully received

Post by **bumper** » October 12, 2015, 11:08 am

It seems to all depends on what the FED does, no one has real clue about that one.. I would bring what I need for a short period I of time then use the ATM. But, that is just me.

Post by **bumper** » October 12, 2015, 11:41 am

The problem in predicting

http://www.bangkokpost.com/news/world/7 ... ted-to-one

Post by **noosard** » October 12, 2015, 11:48 am

I would bring with me what was required each trip
Not use ATM's
My bank hits me twice for transactions
First a bad exchange rate
Second an expensive overseas transaction fee
And thats not including a local ATM fee