Thai Baht to go to 28?

[S Landreth]

including fees

[S Landreth]

Bump for FOJ

[lamphun]

^No Tax Cheat, it is not (after costs)

https://wise.com/

33.16 after all charges.

[Mr Tinkles]

33.16 after all charges.

I concur, just checked my exchange app & I got 33.23

[S Landreth]

^^Good news. When we come back from the states we’ll each bring a bulk of cash with us. Most of the time for trips overseas. We might use some of it this time to convert over to Thai baht.

• The week ending August 6th, 2021 the Thai Baht was being exchanged at 32.87 baht to every 1 US dollar.

• Bank of Thailand holds rate, cuts GDP forecast on Covid spike

The Bank of Thailand (BoT) held its key interest rate unchanged and cut its economic forecast a day after lockdown-like measures were extended to more of the country, with two dissenting members saying rates should be lowered even further.

The BoT’s Monetary Policy Commitee voted four to two to hold the one-day repurchase rate at a record-low 0.5% for a 10th straight meeting Wednesday. The two dissenters called for a 25-basis point rate cut, the committee’s first split vote since May 2020.

The central bank also cut its 2021 gross domestic product forecast to 0.7% growth, just two months after lowering it to 1.8%. The Finance Ministry last week revised its own forecast to 1.3% growth, from the 2.3% it expected in April.

“This round of the pandemic will affect the economy both this year and next year. The impact is greater than what we have forecast and the downside risk remains significant,” Assistant Governor Titanun Mallikamas said in a briefing on Facebook Live. “The key mission for us is try to control the outbreak and speed up on vaccinations to revive confidence and boost economic activity.”

The decision comes after the government on Tuesday expanded quasi-lockdown measures to additional regions of the country, now covering about 40% of the population. The most stringent restrictions, which have been in place in Bangkok and some provinces since June 20, were extended to the end of August as the nation grapples with a surge in Covid cases fuelled by the delta variant.

The baht was down 0.1% at 33.071 to the dollar at 2.17pm local time, near its lowest level since April 2020. It’s down 9.5% against the dollar so far this year, the worst performer among Asian currencies tracked by Bloomberg. The benchmark SET Index dropped 0.3% when trade resumed after Wednesday’s lunch break.

Mr Titanun said government measures were needed to offset the blow from the latest virus wave. Fiscal policies should be targeted to fragile groups in Thai society, he said.: https://www.bangkokpost.com/business...on-covid-spike

[S Landreth]

Thanks

[Sliick]

^Good news. When we come back from the states we’ll each bring a bulk of cash with us. Most of the time for trips overseas. We might use some of it this time to convert over to Thai baht.

Maybe one day this dumbass will realize that with wise.com you don’t actually “exchange” money and thus carrying a wad of cash through the airport system to exchange at a local bank is totally unnecessary and costs a shitload of money, especially when trying to move “bulks” of cash.

[Mr Tinkles]

Maybe one day this dumbass will realize that with wise.com you don’t actually “exchange” money and thus carrying a wad of cash through the airport system to exchange at a local bank is totally unnecessary and costs a shitload of money, especially when trying to move “bulks” of cash

You must understand the old goat doesn't understand or trust modern currency exchange methods. So here he is peddling exchange rates that aren't even competitive with readers ignoring his posts - like on all his other threads

A horrible old man - try not to become 1

[S Landreth]

[S Landreth]

Dire Covid situation expected to continue impacting baht

The Thai currency is likely to move between 33.10 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said.

Poon explained that the baht would continue to weaken due to the Covid-19 situation. Importers have also purchased US dollars as they are afraid the baht could weaken quickly and sharply, he said.

Moreover, the baht will continue to weaken until the Covid-19 situation gets better, which is expected to be in early September, Poon added.

He said the dollar would strengthen if the US Federal Reserve implements a strengthened monetary policy and investors hold onto safe-haven assets amid concern about the Covid-19 situation.

The dollar could also weaken if investors felt safe and ready to take risks, he pointed out.

Poon believed the key resistance level was between 33.20 and 33.25 to the US dollar. He also felt the Bank of Thailand would help to decrease baht volatility in the short term. Therefore, the currency would tend to stay between 33.10 and 33.20.

The support level would be between 32.90 and 33.00, which is the price range importers are waiting for as a pullback to close risks, he added.: https://www.nationthailand.com/in-focus/40004240

When we come back from the states we’ll each bring a bulk of cash with us. Most of the time for trips overseas.

Was thinking about a trip to Perth later this year, but………(covid)

Maybe ..........

Advice from a known tax cheat

You must understand.......

Advice from TC’s day drunk

[S Landreth]

he doesn't read the fine print

Most of the time for trips overseas.

it's a tax cheat.

[lamphun]

^^Good news. When we come back from the states we’ll each bring a bulk of cash with us. Most of the time for trips overseas. We might use some of it this time to convert over to Thai baht.

Nowaday it's quite unusual for people to carry large amounts of cash while travelling, unless you're a drug dealer or you're going to North Korea.

[S Landreth]

or you're using it to exchange when in a country where you don't have a bank account,......as we did in Japan and Australia recently (before Covid)

Most of the time for trips overseas.

[Sliick]

or you're using it to exchange when in a country where you don't have a bank account

https://wise.com/us/multi-currency-account/

[S Landreth]

^are you lonely?

"Get an account in minutes"

I have trust issues