What is the best time of day to exchange dollars for Thai Baht based on historical data?

Question

I have already received my pension for March deposited in my US bank account. I will be sending 65K THB to my Thai bank account tomorrow. I decided to ask Chat GPT ( the new artificial intelligence chat bot) at which time of the day I can expect the dollar to be strongest against the Baht over the past 5 years, on average. I will include two screen shots. First screen shot will be the question I asked Chat GPT and second the response. I don't know if this will help anybody reading this post but I thought I'd share it with you, regardless. If you are using a different currency than the dollar, just copy my question and insert your currency instead. Good luck to you all.

Ask Thailand · Answer

The post discusses exchanging USD to THB, referencing a user inquiry to ChatGPT about the optimal time to exchange based on five-year historical data. Several comments provide insights into exchange rate trends, asserting better rates in the middle of the month, the limitations of AI in predicting market movements, and the suggestion to use forward contracts for regular payments.

แมทธิว ************** · Answer

I tend to use forward contracts which are useful if you have a regular currency payment to be made and when the market is above the forward use spot.

Bennito ********* · Answer

Nobody cares

Eric ******* · Answer

Illogical and unsmart expectations and move.

You gotta analyse, check, think, understand, decide, bet and pick manually, YOURSELF.

Luc ******** · Answer

Totally wrong answer.  Went from 33 to 35…. Not the other way round… 😂

Tony ********* · Answer

It is impossible for chat GPT to predict movements in the markets. The human beings who programed it can't so neither can the AI.

Marianne ******** · Answer

ChatGPT does not know anything that happened after 2021.

That is the cut-off for content it has been fed.

Kool ******* · Answer

You'll also find that you get better exchange rates in the middle of the month, rather than the beginning, or ending of the month historically.

Jamie ******* · Answer

Interesting....i just keep this running in the background on my computer, watching for beneficial shifts in exchange.....this is for the canadian dollar, but you will note too (not mentioned by ChatGPT above)  that for the past several days the rate for the USD against the baht has been consistently improviing. [url redacted]

What is the best time of day to exchange dollars for Thai Baht based on historical data?

Activity

Related

Resources