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    • Opening the week at 29.91 Baht per (1) US dollar. The baht still remains strong.


    The exchange rate on November 11th, 2019 is at 29.91 per (1) US dollar.

    • Finance Minister vows more action if baht continues rapid appreciation
    https://www.nationthailand.com/busin...ernal_referral
    • The questions that remain unanswered........
    Keep your friends close and your enemies closer

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    • Looks like Booners has left the building/been banned for now.
      Originally posted by Ergenburgensmurgen;n186588
      What are you talking about, I don't post on Teakdoor.


      https://thailandchatter.com/core/ima...ies/giggle.gif

      Comment


      • Sometimes, folks just have to take a break (enforced or otherwise) from the stress of posting.
        Majestically enthroned amid the vulgar herd

        Comment


          • Today (mid-week), November 13th, 2019 the Thai baht is being exchanged at 29.91 per every (1) US dollar. The baht remains strong.



          Originally posted by serrollt View Post
          Looks like Booners has left the building/been banned for now.
          Keep your friends close and your enemies closer

          Comment


          • Yesterday, there was an afternoon adjustment.

            The day ended (Nov. 13th 2019) with an exchange rate at 29.85 baht per (1) US dollar.

            Keep your friends close and your enemies closer

            Comment


            • Closing the week out. A stronger baht, but no current record broken.

              • The exchange rate on November 15th, 2019 is at 29.77 baht per (1) US dollar.


              Keep your friends close and your enemies closer

              Comment


              • Monday the 18th of November, 2019 the Thai baht should be a little weaker and being exchanged for less than 30.00 baht per (1) US dollar, if the end of the trading day today holds.

                Keep your friends close and your enemies closer

                Comment




                • By David Finnerty (Bloomberg)November 18, 2019, 6:00 AM GMT+7

                  • Baht rally slows as central bank takes steps to prevent gains
                  • Won strengthens as U.S.-China make progress toward trade deal
                  The won is also being supported by a brace of domestic factors. Industrial production growth for September was four times the median estimate of economists, while semiconductor inventories for the same month dropped the most in two years, suggesting a prolonged slump in tech demand may be easing. The won may get a further boost if trade data on Thursday backs up these green shoots.

                  Baht Faltersease rules
                  Majestically enthroned amid the vulgar herd

                  Comment


                    • Starting this week (Nov. 18th 2019) with the exchange rate at 29.85 baht per (1) US dollar. Baht is still strong.


                    Keep your friends close and your enemies closer

                    Comment


                      • Today (November 20th, 2019) is the 3rd Wednesday of the month and the Thai baht is being exchanged at 29.75 per (1) US dollar. No current record set (current record is 29.74 per 1 US dollar), however the Thai baht remains strong.


                      • rd Wednesday of the month when the pot-licker/boon mee will be issued its dwindling (vs the Thai baht) SS check and time for another review.


                      Keep your friends close and your enemies closer

                      Comment


                      • An update.

                        Today, November 21st, 2019 (Wednesday the 20th in the US) and the Thai baht is being exchanged at 29.76 per (1) US dollar.


                        Exchange history. 3rd Wednesday of the month when the pot-licker/boon mee receives its SS check so it can sign it and then hand it over to its lessor.

                        June 19th - 30.81


                        July 17th - 30.46


                        August 14th - 30.36


                        September 18th - 30.11



                        November 21st



                        Anyone else see a trend?

                        Keep your friends close and your enemies closer

                        Comment


                        • yep, that's what makes reading your baht posts a chore. Boon Mee is gone: suck it up.
                          Majestically enthroned amid the vulgar herd

                          Comment


                          • The Thai Baht closed out today at about 30.20 per (1) US dollar. If that number stands over the weekend the Thai baht should start out (being exchanged) at about 29.80 per (1) US dollar here in Thailand, Monday the 25th of November 2019.


                            Originally posted by harrymsmarkle View Post
                            yep, that's what makes reading your baht posts a chore. Boon Mee is gone: suck it up.
                            Keep your friends close and your enemies closer

                            Comment



                            • By Suttinee YuvejwattanaNovember 23, 2019, 3:19 PM GMT+7 Updated on November 23, 2019
                              • But central bank chief also warns against negative key rate
                              • Concern lingers baht may have strengthened beyond fundamentals



                              Tourists and locals visit the Wat Phrathat Doi Suthep temple in Chiang Mai, Thailand. Photographer: Brent Lewin/Bloomberg

                              The Bank of Thailand
                              Baht Concern
                              additional stimulus measures by the end of the year, on top of a $10 billion stimulus package
                              Majestically enthroned amid the vulgar herd

                              Comment


                                • Opening the week at 29.77 Baht per (1) US dollar. The exchange rate on November 25th, 2019 is at 29.77 per (1) US dollar.


                                • BoT boss admits baht too high/rate cut 'medicine' won't work


                                Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer "strong medicine" that can cure it.

                                The central bank governor on Saturday expressed concern over the currency's strengthening -- the most rapid in the region -- saying it is not consistent with economic fundamentals.

                                "It is hard to forecast whether the baht will weaken or become stronger. It could go either way due to increasing geopolitical risk. The currency could make a drastic about-turn if external circumstances change," Mr Veerathai told a group of Thai reporters during an annual press trip to Luang Prabang.

                                However, he said that it is likely that the baht will become more volatile in the future and the private sector must be able to manage the risks stemming from unpredictable exchange rates in the global foreign exchange market.

                                Mr Veerathai said there have been constraints on the implementation of monetary and fiscal policy, while structural factors have impeded their economic transmission.

                                "In the past, cutting the policy interest rate from 3% to 1.25% was seen to be 'strong medicine' [for economic woes]. But this is no longer the case.

                                "Therefore, a negative interest rate policy should not be adopted because it will lead to many problems in terms of stability,'' he said.

                                On Nov 6, the Bank of Thailand's Monetary Policy Committee (MPC) voted to cut the policy interest rate to 1.25%, matching a previous record low, to boost Thailand's economic growth impetus and support a targeted increase in headline inflation.

                                The central bank's policy interest rate has been repeatedly cut from 3.5% in 2011.

                                The current rate of 1.25% is the country's lowest since the global financial crisis in 2008.

                                Pursuing a negative interest rate policy any further is unlikely to prove efficient, said the central bank governor.

                                Five of the seven-member rate-setting panel voted for a 25-basis-point rate cut on the grounds that a more accommodative monetary policy would contribute to economic growth and support headline inflation to rise towards the target, the MPC said.

                                Two members voted to keep the policy rate unchanged, reasoning that a rate cut might not lend support for economic growth compared with a potential financial stability risk.

                                MPC secretary Titanun Mallikamas said the committee determined the Thai economy would expand at a lower rate than previously assessed, below its potential, because of a decline in exports that has affected employment and domestic demand.

                                "Headline inflation was projected to be below the lower bound of the inflation target. There is limited space to cut the policy interest rate further, as the existing level is already low,'' he said.

                                The committee sees the economy facing greater risks going forward, especially external threats from trade tensions, the economic outlook of China and advanced economies that could affect domestic demand.


                                The strong baht has put pressure on the Bank of Thailand and the MPC as it, along with global trade dispute, has adversely affected exports which contribute about 70% of the country's gross domestic product.

                                The contraction of exports has forced the National Economic and Social Development Council to cut its 2019 GDP forecast again to 2.6% -- from an earlier projection of 2.7%-3.2%.

                                Economic ministers agreed on Friday that fresh economic stimulus measures are necessary to help boost full-year economic growth.

                                Kobsak Pootrakool, deputy secretary-general to Prime Minister Prayut Chan-o-cha for political affairs, said the measures would play an important part in lifting the economy in the fourth quarter to over 2.8% growth and over 2.6% for the full year.

                                The Finance Minister is expected to place the new economic stimulus package on the cabinet table for consideration on Tuesday.: https://www.bangkokpost.com/business...-high#cxrecs_s
                                Keep your friends close and your enemies closer

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