Baht What up with Dat?????

Post by **can123** » January 8, 2016, 7:33 pm

We live in exciting times rather than just the "interesting times" the Chinese curse would wish on us. It's exciting because nobody knows what is going to happen as the world economy has never been in this position before. There was a devaluation of the Chinese currency about six months ago but it dd not solve any problems for the Chinese then.

I am not clever enough to predict the future but, taking two actions, a rise in US interest rates and a devaluation in the Chinese currency, happening together will surely bring about devaluations of other currencies. Thailand has enough problems to justify a devaluation now and the external factors will make this happen sooner rather than later.

Post by **bumper** » January 9, 2016, 6:15 pm

China may have opened the door for a currency war. One can only hope

http://www.bangkokpost.com/news/asia/82 ... erns-mount

Post by **Zama** » January 27, 2016, 11:15 am

Baht rate to U.S. Dollar seems to be going down a few stang everyday-Hopefully with Oil going up in the price of a Barrel, I guess it will climb. Your thoughts?

Post by **bumper** » February 4, 2016, 5:47 pm

BOT counting on in country spending

http://www.bangkokpost.com/business/new ... lp-economy

Post by **Twixies** » February 8, 2016, 6:15 pm

bumper wrote:BOT counting on in country spending

http://www.bangkokpost.com/business/new ... lp-economy

And today they talk there no problem for the bath getting stronger, and disadvantage to its neighbors in terms of foreign exchange rates. ?????? what about the export

Money traders at Kasikornbank forecast the baht will move in a range between 35.35 and 35.65 to the dollar

http://www.bangkokpost.com/business/new ... onal-units

Post by **bumper** » February 9, 2016, 5:01 pm

BOT says Baht is trading in range of other local currency, That something we have been disputing since this tread started. Some days I would say that is true others I just don't see it flowing that way. A weaker baht would be good for exports.

http://www.bangkokpost.com/business/new ... onal-units

Post by **Twixies** » February 15, 2016, 1:17 pm

Well today i read the economy in Thailand is not so bad as many think

, Even after all the problems they have/had they survived and is not so bad with a economy expanded 2.8% in 2015.

The future economy seems like as writing in the article the follow.

1. A weak baht will also support exporters’ revenue (current b35.67 to $)
2. The state planning agency forecasts 32.5 million tourist arrivals this year ( A raise on 8.8%) and Tourism revenue is forecast to rise 9.8%.
3. The economy continues to be supported by public sector spending, But it underscores the sluggishness of private demand.

Let me hear. Thailand hope for the future grown that tourist raising with more tourist spending and more support to SME and farmers.
Where is all this money coming from. The export is down, Investment is dropped by japan with 90%(Biggest investor in Thailand). China's slowdown and so on

Does this mean the crisis it over for Thailand or is this just a start of a future downward trend? Let me hear

Source http://www.bangkokpost.com/business/new ... -8-in-2015

Post by **bumper** » February 15, 2016, 6:13 pm

Well this is about as clear as mud

http://www.bangkokpost.com/business/fin ... fed-policy

The answer is no it's not over not just for Thailand. But, worldwide, we are due for a downturn it's normal things go in cycles.

Where is the money coming from. A few months ago I would have said China, not so sure at the moment. I will say this every place I have ridden this year I have seen infrastructure projects going on. Funded by reserves they have a bunch I don't know.

Several years ago Parrot pointed out that the then current Finance Minister said it was OK to lie. So your guess is a good a anyone elses

Post by **Twixies** » February 16, 2016, 10:42 am

Bumper
i was asking about where all the money come from.

Maybe we know now =D> - http://www.bangkokpost.com/business/new ... -borrowing

The Public Debt Management Office (PDMO) managed to borrow 265 billion baht in the October-December quarter of fiscal 2016, almost 68% of this fiscal year's planned deficit.

Post by **bumper** » February 16, 2016, 4:05 pm

Looks lik4 a good answer to me. But, that being said hard to understand the baht gaining on borrowed money

http://www.bangkokpost.com/business/fin ... rate-rises

Post by **bumper** » February 17, 2016, 1:39 pm

http://www.bangkokpost.com/business/fin ... nggit-duty

Post by **BobHelm** » March 3, 2016, 7:31 am

Export shipments for the first quarter are expected to shrink 5 percent

http://englishnews.thaipbs.or.th/content/153257

Export shipments for the first quarter of this year are expected to contract by 5 percent due to global economic downturn instead of 2 percent growth as earlier projected, said Mr Nopporn Thepsittha, president of Thai National Shippers Council, on Wednesday.

He pointed out that shipments for January contracted 8.91 percent to US$ 15.7 billion constituting steady drop 13 months in a row and the lowest in 50 months.

Caught in the middle of economic war between the US and China, Mr Nopporn suggested that Thailand cannot live alone and must properly position itself without tilting in favour of either party.

He projected that ships for the months of February and March would average US$17 billion and for the first quarter shipments are expected to drop by 5 percent.

Nevertheless, he is optimistic that shipments for the whole year could be as much as last year’s US$ 214 billion which means shipments must average US$ 18.5 billion each month.

The shippers council president urged exporters to try to expand new markets for their exports especially markets in Asean countries namely Myanmar, Laos, Cambodia and Vietnam where the economy is growing at 3-4 percent.

& yet the baht continues to act strongly against other currencies.
It is, indeed, a strange situation still, 10 years after Bumper started this thread..

Post by **dingdong** » March 12, 2016, 3:01 pm

35.0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Know this doesnt help

Post by **parrot** » March 12, 2016, 3:29 pm

BobHelm wrote:
It is, indeed, a strange situation still, 10 years after Bumper started this thread..

And pretty much 8 or so years before that!

I'm almost tempted to google away a day looking up government promises that the 'next quarter's exports will increase' or that 'GDP will grow next year' or that 'mega-projects will get the economy back on its feet'. Almost, but not enough.

Post by **dingdong** » March 16, 2016, 3:51 pm

Still
1.00 USD = 35.0139 THB

Mid-market rates: 2016-03-16 08:48 UTC

A case of Leo is looking out of my hands

Know this is not helping

Post by **Twixies** » March 21, 2016, 2:14 pm

dingdong wrote:Still
1.00 USD = 35.0139 THB

Mid-market rates: 2016-03-16 08:48 UTC

A case of Leo is looking out of my hands

Know this is not helping

No help at all, as the say, no need to panic. I think this is getting worsen and it seems like again Thailand has a strong economy, and a stronger baht is not a problem. Only for Expats off course

http://www.bangkokpost.com/business/new ... ay-experts

Post by **dingdong** » April 19, 2016, 5:44 pm

Read important information about the THB.

1.00 USD = 34.9050 THB

From xe.com
I'm dying
When will the Baht be more than the USD

Post by **parrot** » April 19, 2016, 6:55 pm

dingdong wrote:Read important information about the THB.

1.00 USD = 34.9050 THB

From xe.com
I'm dying
When will the Baht be more than the USD

Assuming your comment is a complaint.....stop complaining. We're getting a fair share more than we were 2-4 years ago.

Post by **dingdong** » April 19, 2016, 7:09 pm

Why stir the pot?

Post by **parrot** » April 19, 2016, 7:49 pm

dingdong wrote:Why stir the pot?

I'm merely taking a Master Po approach to the perennial question of 'why are exchange rates so low?' There's no answer......and even if there was an answer today, it wouldn't be the answer tomorrow. Coups, elections, bloodshed, economy down.........there was only one Thaitanic....everyone's been waiting for a sequel.....but it's been 19 years....and still waiting. Sorry if I stirred the pot.