USD tanking against Thai baht.

[CO-CO]

I was hoping we were going to zip into 34 to $1 territory, unfortunately things have slowed:


Bath is about 33.3 to $1.

I would suggest that most Americans are quite content with that number.

BULL SHIT. Were a greedy lot. Come on 40-1.

I had this feeling that YOU might just appear GL!   

[gotlost]

There was a knee jerk reaction today on the market but as of know on Xe and yes I do use it as a indicator the USD is back to 33.50, GBP 52.91 AUD 27.11. Set back and c what happens tomorrow about 0830am.

[urleft]

Unfortunately I have found no consistancy in times to transfer money, either by wire transfer or Bank to Bank through Bangkok Bank.  I have had funds show up 12 hours after I transferred, and more than 5 days (counting the weekend). 

I set a 3 day window.  So when the rates peaked at about 33.8 I did not put the trigger, I am taking a wait and see attitude in hopes to find that 3 days. 

[CO-CO]

It will be there - and you can afford to be patient.

[urleft]

It will be there - and you can afford to be patient.

But when transferring large amounts of money a 1/2 baht makes a significant difference. 


So early this week if I could have gotten 33.8, I may have taken it, but now 2 days later the dip to 33.3 is making me wait and see. 

[gotlost]

It will be there - and you can afford to be patient.

But when transferring large amounts of money a 1/2 baht makes a significant difference. 


So early this week if I could have gotten 33.8, I may have taken it, but now 2 days later the dip to 33.3 is making me wait and see.

Hang in there it WILL hit 34.

[urleft]

Yes, I expect it to hit 34, a lot better than the 28 two years ago. 

However, what will the baht do from there?  I am in a position where I don't have to transfer money, but can if I want.  So if there is a significant strength in the USD, I would like to take advantage of it.  I lucked out in 2009 getting better than 36 to $1, if I would have been smarter I would have transferred a lot more. 


But at this moment the baht fluctuations are new territory so I am waiting to see.  I need to guess whether when it hits 34 is 35 next?  Or back to 32. 


Good luck to you all in your decisions. 

[urleft]

Wow, super rich just posted 33.78 to $1.   

[gotlost]

Wow, super rich just posted 33.78 to $1.

Great for the punter but for those that live hear. TT 33.72

[Mr. Som-o]

I think you've got things kinda backwards. The USD/THB conversion rate has been pretty stable for the past 12 months, or so, at about 1 USD buying 32 THB. In early May, 2015, The Thai Central Bank allowed the baht to "float", with minimal interference. The result has been that the baht has fallen in value against the dollar, so that as of today (June 1, 2015), 1 USD buys 33.7 THB. It's still a far cry from what it should be, but, by no means can you consider the USD as "tanking".

[Starman]

The Thai government have tinkered a little. It was mentioned on Thai news a while ago that the Thai government were now looking for foreign investment, thus by making the baht a bit more attractive, additional investment would be easier to attract. This has also coincided with a large amount of residency permits, some dating back as far as 2007, being approved on the basis of the applicants being employed or investing in Thailand

[mike]

I think you've got things kinda backwards. The USD/THB conversion rate has been pretty stable for the past 12 months, or so, at about 1 USD buying 32 THB. In early May, 2015, The Thai Central Bank allowed the baht to "float", with minimal interference. The result has been that the baht has fallen in value against the dollar, so that as of today (June 1, 2015), 1 USD buys 33.7 THB. It's still a far cry from what it should be, but, by no means can you consider the USD as "tanking".

The original post was from Jan 2013 where the baht was in the middle of a prolonged fall from 31.8 down to 28.7.

Maybe there should be a new thread "Thai baht tanking" :-)

Mike

[urleft]

I think you've got things kinda backwards. The USD/THB conversion rate has been pretty stable for the past 12 months, or so, at about 1 USD buying 32 THB. In early May, 2015, The Thai Central Bank allowed the baht to "float", with minimal interference. The result has been that the baht has fallen in value against the dollar, so that as of today (June 1, 2015), 1 USD buys 33.7 THB. It's still a far cry from what it should be, but, by no means can you consider the USD as "tanking".

The original post was from Jan 2013 where the baht was in the middle of a prolonged fall from 31.8 down to 28.7.

Maybe there should be a new thread "Thai baht tanking" :-)

Mike

I had thought about starting a new thread, but decided just to stick to this one so there is a written history.  If you go back to serveral earlier threads there may be some alcohol clouded minds mis-remembering the "good old days" rates. 


From my standpoint it seems the rate is stablized at or about 32+ to $1.  But I would not be surprised to see it go either way. 

[toffo]

The Thai government have tinkered a little. It was mentioned on Thai news a while ago that the Thai government were now looking for foreign investment, thus by making the baht a bit more attractive, additional investment would be easier to attract. This has also coincided with a large amount of residency permits, some dating back as far as 2007, being approved on the basis of the applicants being employed or investing in Thailand

It's the Bank of Thailand that makes the Decision not the Government.. We all know the Government wouldn't interfere in these matters..

[gotlost]

Xe 33.79