Strong baht may finally weaken, according to Bloomberg

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2lz2p
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Re: Strong baht may finally weaken, according to Bloomberg

Post by 2lz2p » Sun Mar 01, 2020 7:40 am

Up2u wrote:
Fri Feb 28, 2020 8:19 am
Up2u wrote:
Mon Feb 24, 2020 7:58 am
Good news indeed. I will be using TransferWise this Wednesday afternoon and I just got a quote of 31.725.
I initiated a transfer using TransferWise yesterday. The guaranteed rate was 31.83. Money scheduled to arrive Monday, March 2, the first business day of the month.
Softening a bit - I initiated a transfer with Transferwise yesterday, due to arrive March 4 - the guaranteed rate was 31.52.

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Undaunted » Tue Mar 03, 2020 7:03 am

"In the land of the blind the one eyed man is king"

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Dodger » Tue Mar 03, 2020 9:19 am

Undaunted wrote:
Tue Mar 03, 2020 7:03 am
Baht strengthens: https://www.nationthailand.com/business/30383152
This is just Normal Variation. Look at the range.

During the week of March 2-6, KBank expects the baht to move within a range of Bt31.40-31.90/USD. The Average = 31.65, which is exactly where it had climbed to a week ago.

The daily exchange rates will fluctuate like a roller coaster due to people's fears about the coronavirus, but the Average of the range is what shows us the trend. And the trend (monthly, not minute by minute) still shows a weakening baht.

"The Nation" has a tendency to create perceptions.

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Gaybutton » Tue Mar 03, 2020 10:07 am

Once again, you can always check the latest exchange rates here:

https://www.scb.co.th/en/personal-banki ... tml#fxrate

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Dodger » Mon Mar 16, 2020 9:19 am

K-Bank buying rate today 31.7.

The trend still shows the baht weakening. 32.5 in 2020 appears highly probable due to the impact of the coronavirus...China's economy getting crippled......rebounding U.S. stock markets...lower U.S. interest rates (ZERO)...and the fact that tourists aren't going to be returning to Thailand any time soon. Evan those dirty white farnag who don't wash their clothes or wear face masks.

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Undaunted » Mon Mar 16, 2020 9:35 am

"In the land of the blind the one eyed man is king"

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Dodger » Mon Mar 23, 2020 3:59 pm

The baht just weakened to 32.78 to the U.S. dollar.

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Re: Strong baht may finally weaken, according to Bloomberg

Post by Dodger » Wed Apr 01, 2020 5:24 pm

The baht weakened to 33 to U.S dollar today. Trend continues.

With the collapsing economy - 34 seems likely (at least to me) in the second quarter.

Now, how do say "thank you" in Chinese

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