thai baht rate update

[justl00king]

Any update on rates in SIN/LOS?

[No-go]

Originally Posted by justl00king

Any update on rates in SIN/LOS?

today GM quote 22.54

[84gunner]

Originally Posted by Mr.romantic

who are those so called brudders? ask them come out and verify lah.

don't think so highly of yourself. think out of the box? haha more like your box (brain) is empty and think out of the box (brain) until you already 走火入魔！tua kang yao xiu kia!

I am not obliged 2 prove anything 2 u, I have my own life 2 lead, holding watever passport / travel doc / nationality.

Haiz, wat can I do, when some pple wif inferior complex keep tinking tat other pple are tinking highly of themselves? Life goes on...

[justl00king]

Originally Posted by No-go

today GM quote 22.54

Thanks bro,

Wonder when can see 23 again...

[suteerak1099]

Originally Posted by justl00king

Thanks bro,

Wonder when can see 23 again...

either wait for our SGD to appreciate, or for the THB to depreciate lor. apparently, things happen to look a little brighter for the thai econ, despite the recent trail of events... still recall it was 24.65 & nearly 25.15 once upon time.

[reuters]

Originally Posted by JWNY

Still figuring about the strength of the TBH as the THB strength is proving to be a paradigm - economic analyses are suggesting weakness, but it remains quite well supported. I think it's more a function of USD weakness, (over Asia), which is keeping the THB strong.

As USDJPY begins to turn up, it will lead to a stronger USD against the THB, so this will hopefully weaken it. This will put it in line with Thailand's current economic situation (which is not fantastic)

Anyone got other views? Kindly share here...

JWNY

Could be work of the central bank.

[reuters]

Originally Posted by justl00king

Thanks bro,

Wonder when can see 23 again...

Could ask your banker to offer some derivatives to hedge against further fluctuation.

[kelwong135]

From GM $100= 2253Bhat

[Mr.romantic]

Originally Posted by 84gunner

I am not obliged 2 prove anything 2 u, I have my own life 2 lead, holding watever passport / travel doc / nationality.

Haiz, wat can I do, when some pple wif inferior complex keep tinking tat other pple are tinking highly of themselves? Life goes on...

not only you want to have the last laugh but always want to have the last say everytime.

where are those brudders you mentioned that saw your Singapore IC with a punch hole? if cannot show proof then you are just another tua pao xian.

[Mr.romantic]

Originally Posted by justl00king

Thanks bro,

Wonder when can see 23 again...

Originally Posted by reuters

Could ask your banker to offer some derivatives to hedge against further fluctuation.

there's even a better idea. follow tua pao xian 84 gunner's fukking boliao advice. open a Thai bank account to hedge against fluctuation. if you cannot afford to open a Thai bank account. according to 84gunner it means you have cash flow problems! hahaha.

[JWNY]

Originally Posted by yinyang

Not a true reflection of present macros anyhow. Growth forecast revised downwards. Neither think post Thaksin era is any more comfort to investors with all the political uncertainty, policies merry round (this is after all, Thailand). Spurring domestic economy aka consumption was spearheaded before present regime, but reality is exports underpines growth.

I agree that the underlying economic structure fails to fully explain the current THB situation. I think it is worth looking at Asia Pacific as a whole, and consider how onshore and offshore investments are developing. The underlying USD tone, (especially USD/JPY), is keeping local currencies strong - but this is probably about to change, as a large shift in sentiment develops...

JWNY

[No-go]

yest rate quoted fm hdy 22.47

[JWNY]

Originally Posted by reuters

Could be work of the central bank.

This is just an assumption on your part?

There's not been any indication that it's the Central Bank...

USD/THB likely to test higher levels on bullish USD/majors and USD/SGD. Threat of fresh deficit in the current account in coming months and political uncertainty to underpin sentiment too. Offshore prices held firm stance above 33.00 overnight, with markets likely to probe recent high at 33.50. Onshore USD/THB should see corporate buying towards 34.65 level intraday, with overnight high at 34.60 to see good support.

The current USD/THB structure is more a function of local FX than anything specifically THB related - at the moment. A minister resigned today, too, so that may also impact on the baht. Higher USD, lower THB. This then makes things more congruent with economic data...

JWNY

[yinyang]

Originally Posted by JWNY

..current USD/THB structure is more a function of local FX than anything specifically THB related - at the moment. A minister resigned today, too, so that may also impact on the baht. Higher USD, lower THB. ..This then makes things more congruent with economic data...

Such ongoings in LOS nothing new, and hardly make a dent on FX. Ironic on mismatch on economic macros vs FX. On micro level, our SG not getting fair mileage as our fortunes are linked to USD.

Originally Posted by JWNY

..agree that the underlying economic structure fails to fully explain the current THB situation. ..worth looking at Asia Pacific as a whole, and consider how onshore and offshore investments are developing. The underlying USD tone, (especially USD/JPY), is keeping local currencies strong - but this is probably about to change, as a large shift in sentiment develops......

We already see effect on drop in Jap visitors, but not so farangs -insulated with euros.

Kudos for analysis, not far fetched. Hope we ikan bilis have a bit more to stretch our notes like tips to puyings in our forays to LOS kekeke. Won't make us rich, but song mah...

[saintsrsaf]

Just went Mustafa centre to buy something,so kaypo go the money changer ask for rates,was offered 22.7. Will be flying to Thailand on June again,hope can get my 1-23 rates again this time hehe!