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    • Today January 27th 2020 the Thai baht is being exchanged at 30.23 per every 1 US dollar.



    Originally posted by Somchai Boonporn View Post
    29 and decreasing!!

    Perhaps, this will persuade Farang visitors from coming around and Farang residents a mass exodus.

    Less Farang.
    Can only be beneficial.
    Tourists not entering Thailand would cost Thailand about 20% of its GDP and would make a lot of tourism operators, resort/hotel business owners/suppliers and their families very upset along with making hordes of Thai women unhappy.

    Now go F Off peon clown
    Keep your friends close and your enemies closer

    Comment


      • Today January 29th, 2020 the Thai baht is being exchanged at 30.36 to every 1 US dollar


      • Thai Baht Is Brought Back to Earth After a Winning Year in Asia


      https://www.thestar.com.my/business/...g-year-in-asia
      • Strong Thai baht affecting cross border trade: commerce ministry


      BANGKOK, Jan. 28 (Xinhua) -- A senior official from the Thai Ministry of Commerce on Tuesday told reporters that he is worried that the continuing strong Thai baht currency will again affect Thailand's border trade with Cambodia, Laos and Myanmar.

      Last year, Thailand missed the target of cross-border trade volume due mainly to the baht appreciation; this year the baht has not weakened, said Keerati Rushchano, said director-general of the ministry's Foreign Trade Department.

      The border trade in 2019 totaled 1.33 trillion baht (43.1 billion U.S. dollars), a 3.43 percent drop, he added.

      Other than the strengthening of the Thai baht, global economic slowdown, trade frictions and overall volatile foreign exchange have also weighed in on Thailand's border trade, Keerati said.

      Of the total figures, exports from Thailand accounted for 750 billion baht (24.3 billion U.S. dollars), down 2.72 percent from the previous year, while imports were worth 587 billion baht (19 billion U.S. dollars), down 4.31 percent, said the senior official.: http://www.xinhuanet.com/english/202..._138739926.htm
      Keep your friends close and your enemies closer

      Comment


        • Today January 31st 2020 the Thai baht is being exchanged at 30.70 baht to every 1 US dollar.


        • Baht hits 7-month low as China virus threatens tourism/Currency Asia's worst performer this year



        The baht has lost half of 2019's gains in just a month, hit by emerging market outflows and as the spread of a flu-like virus in China threatens the country's tourism sector.

        The baht was emerging Asia's best performer last year, rising 8.8% against the US dollar. Since the start of 2020, the currency is now the region's worst performer, down nearly 4% as investors weighed the economic impact of the coronavirus and China's slowdown on the economy.

        China's ban on group tours to help contain the spreading virus that has left 170 people dead, will take a toll on the tourism industry, a key driver of growth.

        China is Thailand's biggest source of foreign tourists, with 11 million visitors last year making up 28% of the total. The Tourism Authority of Thailand expects 2 million fewer Chinese visits this year.

        China was also Thailand's top foreign investor and second-largest export market last year.

        Jitipol Puksamatanan, chief markets strategist of Krung Thai Bank, said virus cases would affect tourism. The country's health authorities have detected 14 cases, the most outside of China.

        "Importers are also panicking, rushing to buy dollars for fear that the baht will weaken further," he said, adding the baht might reach 32.5 per dollar in the current quarter.

        The baht was at 31.11 per dollar on Thursday, at a seven-month low. It had reached a more than six-year high of 29.91 last year.

        "In the short term, a weak baht is good for exports, which should not contract," said Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers' Council.

        But the outbreak has compounded problems for the economy as exports already took a hit from the Sino-US trade war and investments were slowed by a delayed 3.2-trillion-baht fiscal budget.

        The finance ministry on Wednesday slashed its 2020 growth outlook to 2.8% from 3.3%, after it estimated growth would be 2.5% in 2019, a five-year low.

        With new headwinds, the baht could head lower on outflows.

        The central bank, worried about the baht's strength, had announced plans to further relax rules on capital outflows and was expected cut rates further to help growth.

        Foreign investors have sold a net 12 billion baht worth of Thai shares this year, as the stock market hit three-year lows, with tourism shares sliding.

        Manufacturing will be affected next if the China shutdown to contain the virus extends beyond early February, said Kobsidthi Silpachai, head of capital markets research of Kasikornbank.

        "So the next shoe to fall is supply chain disruption," he said. "China sneezes...Asia catches the economic flu".: https://www.bangkokpost.com/business...eatens-tourism - https://www.nasdaq.com/articles/thai...ism-2020-01-30 - https://www.reuters.com/article/thai...-idUSL4N29Z17Q
        Keep your friends close and your enemies closer

        Comment


        • Should only be a slight concern to those who actually reside here.

          Comment


          • Originally posted by Somchai Boonporn View Post
            Should only be a slight concern to those who actually reside here.

            ...that's probably why he posted it...
            Majestically enthroned amid the vulgar herd

            Comment


              • Today January 3rd 2020 the Thai baht is being exchanged at 30.75 to every 1 US dollar.




              We view 31-33 as a new higher trading range for the USD/THB rate in 2020 and we see it trading close to the top end of this range over the next three months. We are also downgrading our current account and GDP growth forecasts for 2020




              The year started with both the Finance Ministry and the Bank of Thailand (BoT) intensifying their efforts to curb the currency's appreciation. A strong currency is bad for the country's export recovery and also weighs on the tourism sector, which now faces an added threat from the coronavirus. Up until now, tourism was the only really good sector in an otherwise sluggish economy.

              Tourism makes up a fifth of the economy and visitors from China alone account for about a quarter of total tourism receipts. A sharp fall in tourism spending will undoubtedly put a big dent in the current account surplus, which has been the main reason behind the Thai baht's appreciation in recent years. Data released today on the balance of payments in December showed the annual current account surplus at $37 billion in 2019 (about 7% of GDP), up from around $28 billion (5.6% of GDP) the year before.

              Depressed growth outlookhttps://think.ing.com/articles/thail...al-of-fortune/
              Keep your friends close and your enemies closer

              Comment


              • Today January 5th 2020 the Thai baht is being exchanged at 30.58 baht to every 1 US dollar

                • Foreigners avoid Thai stocks with fewer tourists squeezing baht


                https://www.bangkokpost.com/business...squeezing-baht
                Keep your friends close and your enemies closer

                Comment


                  • Today January 7th 2020 the Thai baht is being exchanged at 30.78 baht to every 1 US dollar


                  https://www.cnbc.com/2020/02/06/coro...-thailand.html
                  Keep your friends close and your enemies closer

                  Comment


                  • Start of the week.
                    • Today January 11th 2020 the Thai baht is being exchanged at 30.78 baht to every 1 US dollar


                    • Ministry issues new measure on strong baht




                    Finance Minister Uttama Savanayana said on Thursday (February 6) that exporters could park more of their money abroad as the latest measure to curb appreciation of the Thai currency.

                    Exporters will be allowed to keep a larger amount of their profits in overseas accounts, up to one million dollar from the $200,000 currently allowed, he said.

                    It will lower cost for exporters and at the same time lessen pressure on the baht's appreciation as exporters need not repatriate large sums of money back to the country.

                    It will also lead to more balance between capital outflows and inflows, he said.

                    The baht gained 8 per cent against the US dollar last year.

                    The currency was highly volatile in the first month of 2020, moving past the Bt30/dollar level and retreating below Bt31.

                    It weakened at the outbreak of the coronavirus, but has since regained strength.

                    At the close of trade on Thursday, the weighted-average interbank exchange rate stood at Bt31.078/ dollar, compared with Bt30.110 on January 2, the first day of trade this year, according to the Bank of Thailand.

                    High current account surplus and slowing investment were blamed for the strong baht.: https://www.nationthailand.com/busin...ernal_referral
                    Keep your friends close and your enemies closer

                    Comment


                    • Ending this week (Jan. 14th, 2020), the Thai baht is being exchanged at 30.74 baht to every 1 US dollar

                      Keep your friends close and your enemies closer

                      Comment


                      • Get a new calendar this is February.
                        I visited TC a few times as a guest but had to stop. It is a sickening place. - Aging One

                        Comment


                        • Much easier on the soul to make Baht and spend Baht.

                          Comment


                          • Originally posted by Somchai Boonporn View Post
                            easier on the soul
                            Keep your friends close and your enemies closer

                            Comment


                            • Not getting it.
                              Clueless.



                              To be expected.

                              Comment


                              • Originally posted by Somchai Boonporn View Post
                                easier on the soul

                                Keep your friends close and your enemies closer

                                Comment

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