thumper63 Posted December 23, 2019 Share Posted December 23, 2019 Thanks big fella for all the updates. They are greatly appreciated. Link to comment Share on other sites More sharing options...
Toy Boy Posted December 24, 2019 Share Posted December 24, 2019 Interbank is 38.99 at the moment, so the pound is well and truly back down into the 38's at the likes of TT. 😞 Merry Christmas. Link to comment Share on other sites More sharing options...
Blue Streak Posted December 24, 2019 Share Posted December 24, 2019 Tonight at about 18.30 downtown Patts time........ 3 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 25, 2019 Share Posted December 25, 2019 Tonight at about 18.30 downtown Patts time........ Link to comment Share on other sites More sharing options...
Bazle Posted December 26, 2019 Share Posted December 26, 2019 https://pattayaone.news/thai-baht-is-facing-a-reversal/?fbclid=IwAR1qug7Zkq351jdOdCafr9B4cAm-Cyroqm8QUvDHKB592azOfadkCP-u7Qc The Thai baht’s heady gains are petering out, thanks to slowing growth and a central bank that’s bent on taming the currency’s strength. After clocking an 8 percent rise this year, Asia’s best-performing currency is losing momentum as easing United States-China trade tensions damp its appeal as a haven. Falling yields on local bonds and equity outflows are adding to the pressure. The baht has defied the broad weakness in regional currencies as investors sought refuge in Thailand’s safe but low-yielding debt. A hefty current account surplus and a sizeable pile of foreign reserves helped reel in global funds. But, the tide has started to turn. The baht has climbed just 0.1 percent in December, making it the region’s worst-performing currency. It has dropped 0.2 percent to around 30.2 per US dollar since rallying to the strongest in more than six years in October. The baht may continue this underperformance if US-China trade relations improve further as Bloomberg’s analysis of 19 emerging-market currencies shows it’s among those that are least responsive to the yuan’s move. The baht’s retreat in December came as the central bank lowered its economic growth forecasts, citing global risks. November trade data due Monday may confirm the slowing trend, with the nation forecast to have recorded its first trade deficit since April as both exports and imports shrank. The baht is expected to decline 1 percent to 30.5 per US dollar by end-2020, a performance that would put it behind all but three of its Asian peers, according to a Bloomberg survey of analysts. If Thailand’s growth weakens, this could fuel further selling in Thai stocks and weigh on the baht. The 12-month foreign outflow from domestic equities is already above the five-year average. Link to comment Share on other sites More sharing options...
john luke Posted December 26, 2019 Share Posted December 26, 2019 Now 2 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 26, 2019 Share Posted December 26, 2019 Tonigh5at about 18.30 downtown Patts time...... 2 Link to comment Share on other sites More sharing options...
john luke Posted December 27, 2019 Share Posted December 27, 2019 Link to comment Share on other sites More sharing options...
Krapow Posted December 27, 2019 Share Posted December 27, 2019 If it could keep slowly but steadily climbing, and hit 40 by the time I arrive next week, I'd be delighted. Wow, getting delighted if it hit 40, how things have changed lol Link to comment Share on other sites More sharing options...
Blue Streak Posted December 27, 2019 Share Posted December 27, 2019 Tonight at about 18.30 downtown Patts time.... 1 Link to comment Share on other sites More sharing options...
Stillearly Posted December 27, 2019 Share Posted December 27, 2019 https://www.chiangraitimes.com/economy-business/thailands-prime-minister-orders-quick-action-on-thai-baht/ Thailand’s Prime Minister Prayut Chan-o-cha has ordered authorities to immediately stabilize the baht value and control its rise. He also ordered the Finance Ministry to form a new committee for the task. Finance Minister Uttama Savanayana said Gen Prayut made the order as baht appreciation was affecting exporters. Many groups of operators in exports and tourism has pressured the PM over the soaring baht. There will not be any order for a particular direction of the baht value, Mr Uttama said. That is the responsibility of the Bank of Thailand. The new committee idea will be proposed to a meeting of economic ministers. It will be a forum for organizations to exchange information,” he said. The Finance Ministry will form the baht stabilization committee together with the Bank of Thailand; the National Economic and Social Development Council; the Office of the Insurance Commission; and the Stock Exchange of Thailand. The Finance Ministry also plans to set up another committee to implement national strategies. Concerning small and medium-sized enterprises, start-ups and the grassroots economy. Furthermore so that the strategies would significantly boost the economy. Central Bank Trying to Curb Baht Thailand is trying to coax the baht down from six-year high territory as the currency’s strength threatens local manufacturing and tourism. The central bank has cut interest rates and eased capital controls to rein in emerging Asia’s best-performing currency this year. It is an ironic twist for a country that became the epicenter of the 1997 Asian financial crisis after its currency collapsed. Thailand now finds that its relatively sound fundamentals have made it a safe haven for capital in Southeast Asia. The bank cut its benchmark one-day repurchase rate to 1.25%, tying an all-time low, while also making it easier to take funds out of the country. Link to comment Share on other sites More sharing options...
Blue Streak Posted December 28, 2019 Share Posted December 28, 2019 For the weekend lads.... 1 1 Link to comment Share on other sites More sharing options...
RR007 Posted December 30, 2019 Share Posted December 30, 2019 Just had quick look at Sterling and colleague on the ground says TT is 39.29 at time of post but was higher earlier Link to comment Share on other sites More sharing options...
john luke Posted December 30, 2019 Share Posted December 30, 2019 No picture but it was 39.15 about 30 minutes ago. 1 Link to comment Share on other sites More sharing options...
Bazle Posted December 30, 2019 Share Posted December 30, 2019 2 hours ago, john luke said: No picture but it was 39.15 about 30 minutes ago. ..... and now 39.05. It was 39.30 earlier in the day. Link to comment Share on other sites More sharing options...
Esco Posted December 30, 2019 Share Posted December 30, 2019 What's the best place to exchange in Jomtien gents? Link to comment Share on other sites More sharing options...
Stillearly Posted December 30, 2019 Share Posted December 30, 2019 2 minutes ago, Esco said: What's the best place to exchange in Jomtien gents? A few TT exchanges in Jomtiem Link to comment Share on other sites More sharing options...
Krapow Posted December 30, 2019 Share Posted December 30, 2019 We're going straight to hotel in Bangkok. Next day gonna change at Superrich in MBK, then deposit into my Kasikorn. When changing £2K, even 1 Baht is £50 difference. Plus, excuse for a Swensens Link to comment Share on other sites More sharing options...
Krapow Posted December 31, 2019 Share Posted December 31, 2019 Right, what's the latest ffs, arriving the mora, though probably closed until 2nd. Link to comment Share on other sites More sharing options...
Stillearly Posted December 31, 2019 Share Posted December 31, 2019 25 minutes ago, Krapow said: Right, what's the latest ffs, arriving the mora, though probably closed until 2nd. 39.10 at Vasu lower Suk Link to comment Share on other sites More sharing options...
Stillearly Posted December 31, 2019 Share Posted December 31, 2019 http://www.vasuexchange.com Link to comment Share on other sites More sharing options...
Stillearly Posted December 31, 2019 Share Posted December 31, 2019 ^ just noticed they are closed until 2nd as well Link to comment Share on other sites More sharing options...
john luke Posted December 31, 2019 Share Posted December 31, 2019 39.05 now Link to comment Share on other sites More sharing options...
RR007 Posted December 31, 2019 Share Posted December 31, 2019 Jesus Wept.... 1 Link to comment Share on other sites More sharing options...
RR007 Posted December 31, 2019 Share Posted December 31, 2019 Fortunately Sterling has risen against the Greenback likewise so that drop has been nullified for now. Sterling 39.32 interbank 1 Link to comment Share on other sites More sharing options...
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