Baht What up with Dat?????

This section is for general money matters, finance and investing.
Post Reply
Kenr6583
udonmap.com
Posts: 1514
Joined: July 13, 2019, 2:15 pm

Re: Baht What up with Dat?????

Post by Kenr6583 » January 29, 2020, 11:54 pm

Things are looking up...... I'll be there on February 29th, needs to keep rolling up up up up......



User avatar
karonsteve
udonmap.com
Posts: 385
Joined: August 8, 2012, 8:37 pm

Re: Baht What up with Dat?????

Post by karonsteve » January 30, 2020, 10:47 am

30/1/20 Super Rich is buying
US $ at 31.11
AUD $ at 20.85
SEK at 3.2
Euro at 34.15
GBP £ at 40.45.

https://www.superrichthailand.com/#!/en ... te-section

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » January 30, 2020, 11:37 am

karonsteve wrote:
January 30, 2020, 10:47 am
30/1/20 Super Rich is buying
US $ at 31.11
AUD $ at 20.85
SEK at 3.2
Euro at 34.15
GBP £ at 40.45.

https://www.superrichthailand.com/#!/en ... te-section
Is there a Superrich Currency Exchange somewhere in Sukhumvt down Thonglor/Ekkamai way

Regards

pipoz4444
That's one small step for a man, one giant leap for mankind.

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » January 30, 2020, 11:39 am

Think I may have found one at the Gateway Mall, by the BTS Ekkamai
That's one small step for a man, one giant leap for mankind.

anefarious1
udonmap.com
Posts: 419
Joined: October 9, 2014, 4:36 am

Re: Baht What up with Dat?????

Post by anefarious1 » January 30, 2020, 11:41 am

It would appear only the Coronavirus has the ability to meaningfully dent the mighty Baht!

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » January 30, 2020, 2:30 pm

It just goes to show that there are a number of factors out there which can affect the currency exchange rate of a country and also that it is hard for any country to maintain a steady exchange rate trend. Yes Countries can hold their currency steady for a while but not forever.

Whether it be a natural disaster in the country or something such as this virus, that has the potential to impact on Thailand tourism numbers, it will eventually have some effect on the countries exchange rate.That, along with what happens in the USA with their currency, which one could say, is slightly unpredictable at this time. :roll: :confused: :confused:

I think with the TB the pressure was already there, but it just needed another kick start, such as the fear of the flow on effect to the already struggling Tourist numbers, to push the Baht to weaken.

This last month of January has seen the Baht move for 30.17 to 31.25, heading back to what it was at the start of June 2019. Not enough movement by my standards, but we will see what happens next month and whether this move upwards can be sustained and held above the 31.00 TB to the USD threshold. :-k :-k

I live in hope, of a weaker Thai Baht [-o< [-o< [-o<

pipoz4444
Last edited by pipoz4444 on January 31, 2020, 1:57 am, edited 1 time in total.
That's one small step for a man, one giant leap for mankind.

pipadoo
udonmap.com
Posts: 156
Joined: March 12, 2017, 7:25 pm

Re: Baht What up with Dat?????

Post by pipadoo » January 30, 2020, 5:42 pm

Don’t we all🥴🥴🥴🥴🥴🥴

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » February 1, 2020, 9:01 pm

Actually I wouldn't get too optimistic, the forecast or prediction for the end of this Year is pretty grim. Those supposedly in the know, are forecasting that the exchange rate for the Thai Baht to USD, will be sitting between 29.5 and 29.0 by the end of 2020.

I hope they are wrong [-o< [-o<

Pipoz4444
That's one small step for a man, one giant leap for mankind.

Kenr6583
udonmap.com
Posts: 1514
Joined: July 13, 2019, 2:15 pm

Re: Baht What up with Dat?????

Post by Kenr6583 » February 1, 2020, 10:07 pm

Me too. Not to sound greedy, I just needed up there between February 29th to March 16th. But I do hope for all those using USD the rates continue to climb. I have noticed that the euro and the pound are growing at a faster rate than the dollar.

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » February 22, 2020, 4:53 pm

Thai Baht: Just hang in their. \:D/ \:D/

01 March 2019, the US to TB Rate was just about the same as today :confused:

01 March 2018, the US to TB Rate was just about the same as today :confused: :confused:

pipoz4444
That's one small step for a man, one giant leap for mankind.

User avatar
pipoz4444
udonmap.com
Posts: 1766
Joined: April 8, 2011, 1:33 am
Location: All Over the Place

Re: Baht What up with Dat?????

Post by pipoz4444 » February 26, 2020, 11:25 am

It is looking better at TB 31.84 this morning, which is back to where it was on 22 January 2019

I have never wished a virus to hang around before, but in this case I hope it does to the end of this year \:D/ \:D/

It has certainly had desired the impact on the Thai Baht. A 5% drop in the TB in the past 6 weeks :-k

pipoz4444
That's one small step for a man, one giant leap for mankind.

Kenr6583
udonmap.com
Posts: 1514
Joined: July 13, 2019, 2:15 pm

Re: Baht What up with Dat?????

Post by Kenr6583 » February 26, 2020, 11:33 am

I have no comment.... But I'm not complaining

User avatar
Udon Map
Admin
Posts: 2252
Joined: July 31, 2013, 7:57 pm

Re: Baht What up with Dat?????

Post by Udon Map » March 16, 2020, 9:18 pm

Continuing to weaken against the dollar. XE.com showing 32.1393/dollar at this time.

https://www.xe.com/currencyconverter/co ... USD&To=THB

TJ
udonmap.com
Posts: 1255
Joined: September 9, 2005, 9:16 am
Location: Udon Thani and USA

Re: Baht What up with Dat?????

Post by TJ » March 17, 2020, 8:56 am

For what it is worth I suggest searching for articles discussing why the U.S. dollar is becoming so strong. With stocks dropping, businesses being closed and the general suffering from the economy crisis, etc. there is a great movement to sell various assets to accumulate cash. Right now cash is in high demand.

As I have a small amount of silver I have been following the spot price of precious metals which are dropping rapidly in value. The spot price of silver had been holding around $17 or $18 earlier this year. I just now checked and today it dropped $1.68 to a spot price $13.11. Other precious metals are doing the same. This is an example of the rush to U.S. dollars.

My guess is the the U.S. dollar will continue to improve against the Thai baht in the short term.

Post Reply

Return to “Money, Finance & Investing”