thai baht rate update

[TonyCheong]

Originally Posted by juz_mic

I read the initial article but didnt know of this follow-up. Was a very interesting read nonetheless.

Keeping my finger cross that the bubble never burst though, otherwise we may well be stuck right here. Maybe it's time to sell all the property and convert them into thai baht.....

Eventually will burst.
Will not happen so soon as long as Janet Allen adopt the almost zero Fed Funds Rate until 2017.

Just be as debt free as possible so you'll not be affected by sudden surge in interest rates.

For me I'll not convert all my money into Thai Baht.
You need to have a diversified basket of currencies to leverage risks.

As for this current political unrest it also means opportunity for some.
Those buying Thai property now using SGD to convert will laugh until peng san.

As for Singapore property there's an oversupply of new private properties until 2017!
Very hard to fetch good price if selling within these few years.

[sheridan]

Originally Posted by TonyCheong

No problem.
Knowledge is power.
My parents always tell me to study and read more books since young but never listen.
That's why now so chum work like a dog.

Here's the latest article rebuttal by Jesse Colombo to Monetary Authority of Singapore's denial of the possible Meltdown that Singapore faces.

wah jialat liao some financial sharks are sensing a repeat of 1997??
That time I was still young lol I remember also started with Thailand also

[H9000C]

Originally Posted by PeanutsGang

Why i don't understand?

I just got married in Thailand 2 months ago where the rate was 1SGD to 25.4 , i changed my sin sod from SGD to THB , now i am back in singapore but my THB are stuck there as THB --> SGD is at 25.80

[TonyCheong]

Originally Posted by H9000C

I just got married in Thailand 2 months ago where the rate was 1SGD to 25.4 , i changed my sin sod from SGD to THB , now i am back in singapore but my THB are stuck there as THB --> SGD is at 25.80

Bro 2 months ago (18/11/13) the rate is on average 25.10 only.
25.40 rate is more like 1.5 months ago.

[etct88]

Originally Posted by TonyCheong

Bro 2 months ago (18/11/13) the rate is on average 25.10 only.
25.40 rate is more like 1.5 months ago.

So how, nephew? i have some bahts, and wouldn't be going to Thailand for a while, should I change back to SGD and spend?

May lose some on exchange, but who care, the amount not significant.... anyone want to change can PM me......

[justl00king]

Originally Posted by H9000C

I just got married in Thailand 2 months ago where the rate was 1SGD to 25.4 , i changed my sin sod from SGD to THB , now i am back in singapore but my THB are stuck there as THB --> SGD is at 25.80

Congrats on your marriage bro.

25.4 is still good rates, suggest u can keep the bahts for future spendings?

[TonyCheong]

Originally Posted by etct88

So how, nephew? i have some bahts, and wouldn't be going to Thailand for a while, should I change back to SGD and spend?

May lose some on exchange, but who care, the amount not significant.... anyone want to change can PM me......

If not hard up for that sum of money.
Keep for future usage.

[Mavrick69]

Toa payoh central, exchange was @1.00SGD = 25.72 THB at this timing

[ahtecklim]

woohoo - Baht continues to fall

http://www.bangkokpost.com/business/...tinues-to-fall

Thailand’s baht fell the most in a week on concern overseas investors will keep pulling money from the nation’s assets as anti-government protests that began late October show no sign of abating


The Bank of Thailand cut this year’s growth forecast to about 3% on Wednesday from a November prediction of 4% after unexpectedly holding its policy rate at 2.25%. Caretaker Prime Minister Yingluck Shinawatra declared a 60-day state of emergency in Bangkok on Tuesday as she sought to combat violent attacks that threaten to derail elections scheduled for Feb 2. Global funds pulled a net US$195 million from local bonds and equities this month, official data show.

“We will most likely see continued fund outflows from Thailand and the baht is staying on a downward trend,” said Tsutomu Soma, manager of the fixed-income business unit at Rakuten Securities Inc in Tokyo. “There’s no clear picture of the protests ending or the situation improving, while we don’t even know if the elections can be held as scheduled.”

The baht dropped 0.3%, the most since Jan 15, to 32.967 per dollar as of 9.28am, according to data compiled by Bloomberg. The currency has weakened 5.6% since the protests began on Oct 31. One-month implied volatility, a measure of expected moves in the exchange rate used to price options, fell two basis points, or 0.02 percentage point, to 7.2%.

Fourteen of 21 analysts surveyed by Bloomberg had expected the central bank to cut its policy rate by 25 basis points, while the rest forecast no change.

[yinyang]

Waiting for the down cascading effect. Clementi Mall was only doing 25.4, so was GM earlier in week kns. Better be lower 5/2 for some loose change in bangers then

[H9000C]

Originally Posted by justl00king

Congrats on your marriage bro.

25.4 is still good rates, suggest u can keep the bahts for future spendings?

cheers bro! but my baby's arriving soon so have to get some spare cash as my wife is delivering the baby here in SG. the hospital deposit is chor de lor for foreigner spouse!

[justl00king]

Originally Posted by H9000C

cheers bro! but my baby's arriving soon so have to get some spare cash as my wife is delivering the baby here in SG. the hospital deposit is chor de lor for foreigner spouse!

Congrats on your soon to be newborn!

Wishing u a happy CNY!

Bros, any update on the baht rates?

[newbie9999]

This might be a dumb question but it is better for me to change thai baht now or wait until the election is over? Hopefully bros can help!
And wishing u guys a happy CNY!

[sylves512]

Originally Posted by newbie9999

This might be a dumb question but it is better for me to change thai baht now or wait until the election is over? Hopefully bros can help!
And wishing u guys a happy CNY!

Is not a dumb question but when you going. Bkk rate will be a bit better but you not not changing a lot then no point. Baht may still drop I think so is up to you.

[newbie9999]

Im going in March. 22-25