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Thai Baht to go to 28?

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  • paid 30.38 yesterday

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    • Originally posted by Pattaya Plies View Post
      paid 30.38 yesterday
      th of October, 2019) the Thai Baht was being exchanged at 29.81 baht per US (1) dollar

      Keep your friends close and your enemies closer

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      • i purchased usd my friend @ 30.38

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        • Originally posted by Pattaya Plies View Post
          i purchased usd my friend @ 30.38
          This thread is about purchasing baht not US dollars. You strange clown
          Keep your friends close and your enemies closer

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          • I spent a night at a Holiday Inn Express with Thai Baht converted to USD - does that qualify?
            God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

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            • Originally posted by Boon Mee View Post
              I spent a night at a Holiday Inn Express with Thai Baht converted to USD - does that qualify?
              Originally posted by S Landreth View Post
              The Thai baht remains strong against the US dollar in the middle of the week.

              October 30th, 2019 the Thai baht is being exchanged at 29.78 to every US (1) dollar. Current record still holding for the Thai baht against the US dollar


              The pot-licker will be in dire straits if this rate continues to the third Wednesday next month when it receives its SS check.
              Keep your friends close and your enemies closer

              Comment


              • Current record broken. Another bad day for the pot-licker/boon mee

                October 31st, 2019 the Thai baht is being exchanged at 29.76 to every US (1) dollar.


                Awful way to end the month.
                Last edited by S Landreth; 10-31-2019, 08:49 AM.
                Keep your friends close and your enemies closer

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                • this clown purchased @ 30.33

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                  • Asian money isn't real money.

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                    • ^the peon clown
                      • Awful way to start the month (November 1st, 2019) with the Thai baht being exchanged at 29.75 to every (1) US dollar.


                      Current record is broken again and the pot-licker/Boon mee is going to have another miserable morning.

                      Keep your friends close and your enemies closer

                      Comment




                      • Another bad start of the week for the pot-licker/boon mee.

                        Keep your friends close and your enemies closer

                        Comment


                        • Another awful way to start the week for the pot-licker/boon mee

                          Current record broken.

                          November 4th, 2019 the (strong) Thai baht is being exchanged at 29.74 to every US (1) dollar.

                          Keep your friends close and your enemies closer

                          Comment


                          • A review and some news.

                            First the news.
                            • BoT eases up on exporters' rules


                            The Bank of Thailand has relaxed regulations related to exporters' foreign currency proceeds and foreign securities investment to encourage capital outflows and rein in the baht's strength.

                            The central bank on Wednesday announced four measures, taking effect tomorrow, to stimulate capital outflows and lessen pressure on the baht. The moves are also aimed at reducing Thailand's massive current account surplus.

                            For the first measure, the central bank will allow exporters to keep foreign currency proceeds overseas. Exporters with proceeds below US$200,000 per bill of lading shall be allowed to keep the proceeds abroad, without a time limit, a relaxation from the current $50,000 threshold.

                            In 2018, bills of lading with value of less than $200,000 amounted to export value of over $100,000, accounting for almost half of all exports.

                            Central bank governor Veerathai Santiprabhob said the relaxed regulations will help businesses reduce fund transfer costs and manage foreign exchange risks more efficiently.

                            The central bank has been talking with the Finance Ministry about increasing the threshold for export proceeds that don't need to be repatriated to $1 million per bill of lading within the next three months.

                            For the second measure, retail investors will be allowed to invest up to $200,000 per year in foreign securities, without having to invest via a Thai intermediary. Previously, they would need to meet specified criteria in terms of asset ownership in order to invest directly.

                            The aggregate investment limit allocated to investors regulated by the Securities and Exchange Commission will also be increased to $150 billion.

                            The third measure is associated with tweaking outward transfers, which are currently allowed based on a positive list of specific purposes. Such transfers will be allowed freely except for a few specific purposes, such as for settlement of foreign exchange or baht transactions with financial institutions abroad.

                            "Individuals who want to relocate abroad or transfer funds to relatives abroad shall be able to do so freely," the central bank said. "Those who want to purchase real estate abroad shall be allowed to do so up to $50 million per year as previously, but the property can now be in the name of a family member [rather than their own name]."

                            Documentation shall no longer need to be provided to commercial banks when conducting outward transfers of less than $200,000. This is an increase from the current $50,000 threshold.

                            For the fourth measure, the regulator has eased the settlement of gold trading in foreign currency. Thai investors shall be allowed to trade gold in foreign currencies, through foreign currency deposit accounts opened with onshore commercial banks, with designated gold trading companies that have received approval from the central bank.: https://www.bangkokpost.com/business...xporters-rules
                            • Bank of Thailand cuts interest rate to record low


                            https://www.bangkokpost.com/business...-to-record-low


                            Monday (the 4th) the Thai baht was being exchanged at 29.74 baht per (1) US dollar.


                            Good news. Today, November 8, 2019 the Thai baht is being exchanged at 30.00 baht per (1) US dollar.

                            Keep your friends close and your enemies closer

                            Comment


                            • Originally posted by S Landreth View Post


                              Monday (the 4th) the Thai baht was being exchanged at 29.74 baht per (1) US dollar.


                              Good news. Today, November 8, 2019 the Thai baht is being exchanged at 30.00 baht per (1) US dollar.

                              • Correction.


                              On November 8th, 2019 (end of day) the Thai baht was being exchanged at 29.95 baht per (1) US dollar.


                              The pot-licker/boon mee will not be sleeping well this weekend.
                              Keep your friends close and your enemies closer

                              Comment


                              • Thailand Cuts Interest Rate to Record Low to Rein in Surging Baht
                                By Suttinee Yuvejwattana (Bloomberg)



                                The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb a surging currency.

                                Five of the seven Monetary Policy Committee members voted to cut the key rate by a quarter-percentage point to 1.25%, the central bank said in a statement. That matches a record low and was in line with the forecasts of 16 of the 26 economists in a Bloomberg survey.






                                Officials told reporters in Bangkok that the central bank is worried about the strength of the baht, which may continue to weigh on the economy. The bank will ease rules on outflows and consider further steps to rein in the currency, they said.
                                The baht extended losses, falling as much as 0.7% to 30.399 per dollar, and was at 30.327 as of 3 p.m. in Bangkok.



                                Governor Veerathai Santiprabhob said the currency steps announced Wednesday would address the imbalance in capital flows to make it easier to take money out of the country. These are some of the measures that will take effect on Nov. 8:
                                • Exporters with proceeds below $200,000 per bill of lading will be allowed to keep proceeds abroad without a time limit. The previous threshold was $50,000
                                • Retail investors will be allowed to invest up to $200,000 a year in foreign securities, without having to invest via a Thai intermediary institution
                                • No restriction on outward transfers, except for a few specific purposes
                                • Thai investors will be allowed to trade gold in foreign currencies. Previously, these transactions could only be done in baht













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