USD tanking against Thai baht.

[urleft]

Urleft, do you use BKK Bank for the transfer?

For a large international transfer I use Siam Commercial.  If I need to have ATM money I use Bangkok Bank with a bank to bank electronic transfer. 

[urleft]

Well the Baht is gaining again, luckily I transferred on Tuesday and got some extra.     


Currently TT is about 32.43 to $1.     Thats a .34 drop from a week ago. 

[CO-CO]

Well the Baht is gaining again, luckily I transferred on Tuesday and got some extra.     


Currently TT is about 32.43 to $1.     Thats a .34 drop from a week ago.

I think that is a good thing - maybe suggests that the coup is being viewed positively.


I don't think we are going to see USD 40 or GBP 60............................................. unfortunately.

[gotlost]

Well the Baht is gaining again, luckily I transferred on Tuesday and got some extra.     


Currently TT is about 32.43 to $1.     Thats a .34 drop from a week ago.

I think that is a good thing - maybe suggests that the coup is being viewed positively.


I don't think we are going to see USD 40 or GBP 60............................................. unfortunately.

Be lucky 2 C 33 and 55

[CO-CO]

Well the Baht is gaining again, luckily I transferred on Tuesday and got some extra.     


Currently TT is about 32.43 to $1.     Thats a .34 drop from a week ago.

I think that is a good thing - maybe suggests that the coup is being viewed positively.


I don't think we are going to see USD 40 or GBP 60............................................. unfortunately.

Be lucky 2 C 33 and 55

I would settle for that GL - it was 45/46 not long ago.

[toffo]

Well the Baht is gaining again, luckily I transferred on Tuesday and got some extra.     


Currently TT is about 32.43 to $1.     Thats a .34 drop from a week ago.

I think that is a good thing - maybe suggests that the coup is being viewed positively.


I don't think we are going to see USD 40 or GBP 60............................................. unfortunately.

Be lucky 2 C 33 and 55

I would settle for that GL - it was 45/46 not long ago.

Went lower than that co co.. Went down into the 43s at one point.. thank budda for yingluck though now 54

[urleft]

 I was chastised by someone on this forum for monitoring these fluxuations.   

However, while I did not get the high, I got enough.  I expect to see the TT rates on Monday about 32.2 to $1.   Glad I transferred when did. 

Hopefully I will not have make another significant transfer until December January, where I will again be monitoring the rates twice a day or more. 


My recommendation is that is you need to transfer a large amount do it when it is best for you, not when you have too. 

[urleft]

Well the rates seem to be hovering in a range of about 32.3 - 32.4 to $1.   No real movement.   


As the old guys mentioned, the previous coup had little effect on the rates, this appears to be the case here.   


However, this could be a really interesting December.   If the military suspends the rice subsidies expect some movement on the baht.  There may be a lot of unhappy Thais at the end of this year. 

[smoooth2]

December !!

Holy moly ... that's a long way off Keith. At my age, I'm not game enough to buy green bananas 

[urleft]

Well the USD lost .3 baht in the past 2 days, basically down to 32 to $1.   Not sure what is causing the downturn. 

[gotlost]

Well the USD lost .3 baht in the past 2 days, basically down to 32 to $1.   Not sure what is causing the downturn.

Artificial prop up of the baht or collision.

[Simon]

Yes the British pound has lost 0.5 over the last two days.

[urleft]

Well looks like all banks and exchanges are under 32 to $1.   

[urleft]

Wow, falling more.   From basically 32 to $1, now at 31.75 to $1.   


Unless the TMB stops being spastic. 


As I said, I am planning a December Transfer. 

[DeputyDavid]

Its not looking good at this end.     Why December Urleft?