Strong Baht Weak Baht

[Billy69]

It's worse than a barfine!

You pay barfine  you shag...At ATM you pay and  get shagged ...lol

[xyzzy]

Well Arch in the US you can get a Schwab debit card that charges no foreign transaction fees, gives a slightly better rate than the banks TT rate and refunds the ATM fees. For my type of usage it's too good to pass up.

[xyzzy]

Did an ATM pull on Jan 22 and got 36.17 baht to the US$. Today I got 35.45 baht to the US$. The dollar is still stronger than most currencies but it's down 2% in two weeks. 

 

BTW it was a VISA debt card and I got exactly the rate listed here:

 

https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html/?fromCurr=USDUnited+States+Dollar&toCurr=THBThai+Baht&fee=0&exchangedate=02%2F08%2F2016&submitButton.x=58&submitButton.y=13

 

FWIW it was 0.03 to 0.1 baht more to the US$ than any Thai bank's listed TT rate at the time.

[Tomcat]

You pay barfine  you shag...At ATM you pay and  get shagged ...lol

 

you will be probably shagging a bit less if BREXIT happens ... the £ will fall to around 38 baht is my guess in the event this comes to pass..maybe lower

 

The odds on BREXIT are around 3-1 at the  mo.  The Euro maybe fucked as well in the process

 

from  now to June the £ is southwards

[duke007]

 the £ will fall to around 38 baht is my guess in the event this comes to pass..maybe lower

 

from  now to June the £ is southwards

 

Thats my November trip cancelled then , will just have to make most with the trip next month then 

[Luung]

Well, when the pound goes tumbling down it's certainly going to make my life a hell of a lot more difficult, for sure.

 

...But, if in the end we've got an England that I could go back to & get a decent job in, if need be? Then it'll most definitely be worth it...  After all, the pound will go back up, hopefully after our exit from the EU.... We have still got the WTO, after all.

 

I think we can all keep it in our pants, just for just a little while longer, until we get our country back lads.

[Tomcat]

Thats my November trip cancelled then , will just have to make most with the trip next month then 

 

About the same time as Trump gets his finger on the Nuclear button ... should be interesting reading back here then

[Pdoggg]

Quote

The U.K. could be dethroned by the U.S. as Thailand’s top tourist source from outside Asia after the Brexit vote triggered a plunge in the pound. The U.K. sent 947,000 visitors to Thailand in 2015, the most among Western nations, topping Russia, whose citizens cut travel after the ruble’s collapse started in 2014. With the dollar outperforming the pound, ruble and so-called Aussie the past year, Bangkok, Phuket and Chiang Mai may see more Americans.

http://www.bloomberg.com/news/articles/2016-07-01/americans-may-pass-brits-russians-in-visits-to-thailand-chart

[Bartman]

I don't think so about more americans. Americans don't travel over seas as much as people from Europe do. But we will see. I rember when all the Russan people started going to Pattaya and Phukett  now I don't see many at all, but the people from China are everywhere now.  

[Pdoggg]

There might be certain circumstances where one might want to use Travelex to transfer money.  But probably not the best for most of you.

 

http://www.asiahotelandtravel.com/index.php/topic/434-transfering-money-overseas/?p=1020

[globetrotter]

Fuck only 26 baht for our dollar now ,  what a shitty time to be tanking 

[Pdoggg]

4 minutes ago, globetrotter said:

Fuck only 26 baht for our dollar now ,  what a shitty time to be tanking 

I've heard that the possibility of a Trump presidency is hurting the loonie.

USD just broke 48 pisos at Fields exchange booths. 

[rxpharm]

1 hour ago, Pdoggg said:

I've heard that the possibility of a Trump presidency is hurting the loonie.

USD just broke 48 pisos at Fields exchange booths. 

That's because Trump is against free trade deals he consider "bad deals for the US". NAFTA has been a benefit to the Canadian economy and if he decides to end it, this would be bad for the Canadian economy.

[globetrotter]

3 hours ago, Pdoggg said:

I've heard that the possibility of a Trump presidency is hurting the loonie.

USD just broke 48 pisos at Fields exchange booths. 

And just when I thought I couldn't  hate Trump anymore than I already  do . . . 

[bumblebee]

Sterling is taking a hit this week it appears.  Change of tactics while on the ground for some perhaps in the coming weeks and months?

[globetrotter]

Fxxxkinhg hell  our dollar was holding  at its current shitty rate for a few weeks but just checked and it took another hit just in time for my upcoming vacay :(:((

[bumblebee]

7 minutes ago, globetrotter said:

Fxxxkinhg hell  our dollar was holding  at its current shitty rate for a few weeks but just checked and it took another hit just in time for my upcoming vacay :(:((

Maybe a good idea to knock one out some evenings just before you head out for a night's naughtiness so you have a clear head and a subdued urge to splash the cash.

[globetrotter]

2 hours ago, bumblebee said:

Maybe a good idea to knock one out some evenings just before you head out for a night's naughtiness so you have a clear head and a subdued urge to splash the cash.

The intention is always  to keep the urge subdued it  just never seems, to work out that way :(:(

[xyzzy]

The US$ didn't take much of a hit. If Hillary wins next week it will likely go up a bit. Trump's surge in the polls has unsettled the economic community a bit. And if Hillary wins, and things normalize, there is a good chance the FED will finally raise the US interest rate 0.25% in December which should further boost the US$.

Personally I think the current exchange rate is great. Because I have lived through some crap exchange rates in the last 10 years.

http://www.xe.com/currencycharts/?from=USD&to=THB&view=10Y

[Pdoggg]

 

Quote

Global markets were thrown into disarray as Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor.

Futures on the S&P 500 Index plunged by a 5 percent limit that triggers trading curbs and European equities sank the most since the aftermath of Britain’s shock vote to leave the European Union. Gold advanced with haven assets including the yen and sovereign bonds. Mexico’s peso tumbled the most since 2008 amid concern U.S. trade policies will become more protectionist under Trump. The dollar pared losses and Treasuries trimmed gains after Trump appeared before supporters.

http://www.bloomberg.com/news/articles/2016-11-08/stocks-higher-with-mexican-peso-as-vote-count-nears-yen-weakens

Quote

HONG KONG — Share benchmarks are tumbling across Asia after Donald Trump gained the lead in electoral votes, with 123 to Hillary Clinton’s 97 as of 9 p.m. EST (0200 GMT). Markets had opened solidly higher but quickly shed those gains, reflecting investor concern over what a Trump presidency might mean for the economy and trade.

Japan’s Nikkei 225 index dropped 2.4 percent to 16,777.85 as the U.S. dollar sank against the Japanese yen, a trend that would be unfavorable to exporters. Hong Kong’s Hang Seng plunged 1.7 percent to 22,514.70.

South Korea’s Kospi index fell 1.4 percent to 1,976.49 and Australia’s S&P ASX/200 lost 1.2 percent to 5,196.70.

Earlier, investors had appeared convinced that Hillary Clinton would win the presidency. Clinton is viewed as a more stable option who might maintain current policies.

http://www.khaosodenglish.com/news/international/2016/11/09/markets-asian-shares-tumble-trump-gains/

 

[Pdoggg]

The Donald's remarks make it slightly more expensive to get your dick sucked in Thailand tonight. It also makes it more expensive for Yank cocksuckers to suck dick in Thailand.

 

Quote

On Wednesday morning, currencies in emerging markets across Asia started to rise: The Chinese yuan and the Thai bhat hit two-month highs, while Taiwan’s dollar reached a three-month peak, according to Reuters. Meanwhile, the value of the U.S. dollar had dropped 1.3 percent on Tuesday, to its lowest point in a month.

Those searching for an explanation didn’t have to look very hard. Over the weekend, President-elect Donald Trump delivered some remarks to The Wall Street Journal that took many by surprise. In response to a question about trade with China, Trump declared that the U.S. dollar is “too strong.” He added, “Our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”

Trump’s comments, were notable for a few reasons. The first is  that U.S. presidents (and presidents-in-wait) have traditionally made an effort to refrain from talking about the value of the American dollar in order to avoid shaking up global markets. “We've worked long and hard to get to a protocol where heads of state, finance ministers, and central banks don't target and specifically mention levels of their currency,” one financial analyst told Bloomberg. “He [Trump] just blew that.” Speaking in Davos on Wednesday, Larry Summers, the former Treasury Secretary under President Bill Clinton, called Trump’s remarks “unusual” and added that they had left “the market confused.”  

While an instance of Trump verbally breaking conventions (and causing some upheaval) is hardly groundbreaking, this particular instance is consequential because it represents a break with longstanding thinking that assumes that a very strong U.S. dollar to be a good thing. A strong dollar, the theory goes, keeps inflation and interest rates in check and helps American consumers flex better buying power abroad. “This is the first time we have a president-elect say the dollar has gone too far,” Marc Chandler, a Brown Brothers Harriman strategist, told CNBC. “He's saying things and doing things that no president has ever done before."

Part of what guides Trump’s remarks is the fear that the might of the U.S. dollar—which has been steadily rising since 2014—will make American exports less attractive in foreign markets, particularly as other currencies remain relatively weak. Of course, Trump’s comments also reflect a logical extension of his campaign-trail rhetoric in which Trump portrayed China as a currency manipulator that kept its currency value to make its exports more popular. “We need to be careful about the rising currency, not just because of what is going on internationally but it will have an impact internally to the United States as well," said Trump advisor Anthony Scaramucci at the World Economic Forum in Davos on Tuesday, echoing the president-elect’s comments.

Regardless of Trump’s comments, the conventional wisdom among financial analysts is that the dollar will continue to get stronger for the foreseeable future. As one executive at HSBC inelegantly told Bloomberg, “The dollar is the tallest pygmy.” For now, the president-elect’s comments still have the power to sway the markets. And they could also influence his nominee for Treasury secretary, Steven Mnuchin, who will almost certainly be asked to defend or reject the president-elect’s stance during his confirmation hearing on Thursday.

https://www.theatlantic.com/business/archive/2017/01/donald-trump-dollar-dollar-ills-yall/513572/

 

[sustra2]

2 hours ago, Pdoggg said:

The Donald's remarks make it slightly more expensive to get your dick sucked in Thailand tonight. It also makes it more expensive for Yank cocksuckers to suck dick in Thailand.

 

 

Go to Russia....Putin said russian sex workers are " the best "

[rxpharm]

No need, president DJT will give the keys of the USA to Putin and all the Russian sex workers will have a new market.

[Pdoggg]

BANGKOK, 19 January 2017 (NNT) - Executives of commercial banks have forecast that the baht currency will likely fluctuate more than last year mainly due to the uncertainty about the policy of the new US President. 

Executive of Kasikornbank Kiit Charornkitchaichana said the US politics was the key factor affecting the Thai currency during this period. This year, the baht will have a tendency to fluctuate either by depreciating and appreciating quickly. The bank therefore forecast the baht’s value this year will stay around 35-37 baht to the USD, said the executive. 

Meanwhile, TMB Analytics of TMB Bank has predicted that this year’s baht currency will be on the depreciation side although it appreciated against the USD in the last two weeks. This baht appreciation was the result of USD currency speculation, said the bank. 

TBM added that the Thai economy and other economies in the Asian region will rebound this year, leading to capital inflows. The baht will likely move between 35.50 – 36.80 baht to the USD. 

http://thainews.prd.go.th/website_en/news/news_detail/WNECO6001190010016

 

[Pdoggg]

 

Qatar row helping boost baht, says central bank governor.

A sharp appreciation in the baht in Wednesday morning’s trading – to Bt33.90 per dollar – has sparked concern over a potential impact on Thai exports. 

Thais held back on investments in Qatar amid volatility in the Middle East after Saudi Arabia and other Persian Gulf countries cut off diplomatic relations with their neighbour. Thai money stayed home instead, driving up the baht’s value.

Central bank governor Veerathai Santiprabhob noted on Wednesday that Thai investors usually have around Bt200 billion worth of assets based in Qatar, but have withdrawn much of it.

Foreign investors were also more heavily subscribing to Thai bonds, demonstrating greater confidence in the Thai economy’s ability to recover, he said. 

At the same time, there is doubt over the United States’ economic outlook with President Donald Trump under fire for sacking the chief of the Federal Bureau of Investigation.

The combination of factors has triggered large capital inflow into Thailand and driven up the baht’s value, Veerathai said. He advised exporters to hedge against high volatility in currencies.

http://www.nationmultimedia.com/news/business/EconomyAndTourism/30318041