What are the implications of the Baht's recent strengthening against the Euro?

Lot of Chinese money flowing in. I don’t expect the baht to get weaker anytime soon. Plus western banks cutting their interest rates so western currencies will be getting lower as investors look for better returns elsewhere

Thailand will do like Mexico Iremener M

it’s always up and down, legendary for it

Then maybe it's a good time to buy 😉

It's not a good situation for Thai exports is it

Life must be boring if you've got to create a conversation on Facebook about something you can't do anything about

Always before high seasone drop down,till to 31-32.

Great for Thais that purchase foreign products.

Sucks for me.

I remember when it was 25, 34,35 seems to be the average on a long-term basis

FED cut interest rate by 0.50% and another cut is planned in November.

They said it is to fight against inflation. Strange from decades we hear that to fight inflation interest rates have to increase.

Bad news expected. The big crash is coming....

Look at the “bright” side…. Wine & western food is supposed to get cheaper …😊 but who believes in that😵‍💫🤔😆😆😆?

the £ is up but not against the bhat heheh, work it out for your self

Will keep going down and even worse thailand pricing might even go up.

sucks. It costs so much more to send my 65,000b monthly.

I remember when it was 30-32.

Back in the day I can remember getting between 55 to 60 to the £

don't think that will happen again.

EUR and USD are weak. 1 BTC = 65 THB

I heard it started to go to the gym and bulk up some muscles. That's how it got strong

What goes up comes down…can’t time it.

The targhet will be the lowest of recently history. 31,50. Loking the usd wat will happen in the near future

The next 30 days

The dollar and especially even my.ua currency is on the decline, sadly. Best to invest in crypto now. Is will provice you the best Gains over the next yeat

Based on Euro to Baht that is over a 7% decline based on Dollar to Baht it is over a 12% decline. Both the Euro and Dollar have declined. Germany economy is weakening and the interest rates are going lower. in US interest rates are going lower so both currencies can be expect more weakling.

Don’t expect Baht to weaken during the high season, country needs all the reserve currencies. The Fires in Brazil hurt the sugar industry, so if Thailand can harvest record amounts of sugar expect the baht to stay strong.

It depends on what the Bank of Thailand does with interest rates - would suspect there will be a 25-50bps cut before the end of the year.

It is what it is!

All currencies rise and fall as so their economies. The baht can’t rise much further , just like any country’s currency around the world , as this would destroy their exports as international vendors would avoid buying their once cheap products . Eventually central banks will “intervene “ and bring the exchange rate of the currency lower again. Maybe over the course of a year ..

It typically falls during the high seasons. I suspect 33-34 by then.

Xmas will hit a low spot. I made the mistake of not getting some Baht for dollar in my last visit. I was lazy and ran out of time.

Thai government will cut rates in October

Thailand is kind of different for most countries. The money supply has been significantly lower than most countries.

This creates a positive consequence when looking comparing the currency to other currencies. Because they’re debasing the currency much less

The only country that is not debasing its currency is Switzerland. But actually Thailand comes in as the second best out of all the currencies I’ve on my daily radar

Eventually, Thailand will need to raise interest rates, then the baht will lower.

This is why the G came out with the 5 years DTV.

Since the BOT is not under the control of the Thai G of the day and with inflation at sub-1% still refuses to reduce the interest rate, what do you expect?

Look at VND & IDR, why they keep softening against USD & EUR?

One of the reason why more & more people are leaving Thailand for other SEA countries.

.

Banks playing games again.

Nit one article true

banks say stable at 33.5 to 33.65, when it's 32.39, was projected to be 36.5

Reminds me alot of 2019. Historic data will tell you how many times we have seen this. Its alot in the past 30 years. That high we just experienced was nice but it pendulums

Over the last five years, the highest and lowest levels for the USD/THB exchange rate were:

Highest: Around 39 per USD in October 2022.

Lowest: Around 29.83 THB per USD in December 2020.

I'm watching 30 as the first key downside level and resistance around 34.

Good luck 👍

Thailand doesn't have to pay for countries with a weaker economy unlike some EU countries. So it will probably get worse. Same as the last 20 years for Euro V Baht. I say it factually, not judgementally.

It always fluctuates

Sell

The bhat is very expensive around Christmas season I've found I believe it's probably on purpose due to the high tourist season

I AM RUINED ! Can’t wait till January 25

It always bounces around the same area every year.

Yes, in July and August I was getting 47 to the GBP, it’s now just under 44, pre Covid it was down to 37 at one point. I’m still happy getting 44.

It was at one point 39.89

It’s supers glued 43-47 baht to the £

How the hell it’s stays so strong it’s begged to believe.

Let’s be honest

Even if the euro and USD is say 30-1 ?

We are still winning bro…

I wouldn’t sweat it too much 🙏

The strength of the baht is pummelling some western currencies and seems poised to run further. If you haven’t bought over your next year or two of expenses, now may be the time

The baht had reached even 40/Euro briefly. I follow the move closely since November last year when baht was around 38.

Economy is not great, the prime minister changed, therefore baht should not have gained approx 9% as of today.

However most, if not all Asian currencies became stronger ag Euro and USD but what a noticed, and it might be a coincidence, the baht increased daily since the DTV was introduced and, what I hear, a lot of foreigners from all over the world have been approved…. those people have bought the baht for sure.

A visa exempt tourist needs a relatively small cash amount but DTV approved guys need money for 180 days!

Just my thoughts and yes, Thailand cannot afford a strong baht but will, or better, can they do something against it?

It’s a free currency market, offer and demand rule it.

I wouldn’t put too much hope in the BOT😱

Who cares, only peasants do🤓

With the USA expected to lower interest rates over the next few years the baht is likely to continue to strengthen. That’s called the Interest Rate Parity Theorem. I expect basic economics to continue to apply.

Businesses in Thailand and even the Thai government have been asking their Central Bank to rein in the baht as it's appreciating too much, but the Central bank governor feels that there's no need to do anything at the moment, hence the strong baht !

We will survaivle...!

the US Dollar and Euro will get back up against the Baht. It's another hickup, I assume. But don't you take my werdz for granted, dude

The trends your friend until you hit the bend

It’s cyclic. On source (forget where) says October and April tend to be the highs.

It swings in roundabouts. Up down up down up...

If anyone knew they'd be rich from investing in forex