What is the future of the Thai baht?

[robbo]

with all the trouble thats going on once again in LOS,could it be that after a good period of exchange rate stability for the baht, are things about to change?
over the last couple of days its lost ground,could this be the start of the return to more realistic exchange rates?as other currencies over the next 12 months will i think pickup,this could accentuate the change in the baht?

[Stogie]

It's 52 baht to the pound at the moment...

The currency could go either way but any way it goes is likely to be short lived and it'll change track again soon enough.

I'd love to see it back near 68 baht but that's not happening as Ireland brings the UK down with its' impending bankruptcy. Thailand has coups all the time and actually more people are shot and killed during times of steady governance because the eyes of the world aren't looking!

It'll stay around 50 for the rest of the year. (And there you have it... an armchair expert speaks!)  

[aktiv-passiv]

Compared to Euro, the Baht moves exactly like the US-$. As far as I know Thai government does everything to cling to the Dollar.

Do not know how long they can afford it.

[robbo]

me to stogie,id sure like a return to the 70 baht/£1.00 that i had 4 years agolife was sweet and my dick was sore that may not happen,but ive looked at historical rates and the average over a 6 year period back then was indeed around the 67 mark.i think you could be right,but ive a hunch that as the west picks up it will change.

[seamus]

I fecking hope so Robbo, it was hard getting 5000 baht for my £100, last march i was getting 6000 baht to the £100

[manarak]

I have swiss franc and euro, so I am optimistic for these 2 currencies against baht...

Political instability will not increase real estate prices either!

[Stogie]

So long as rents stay low!

[Anthony_Mustang]

Nah that would mean some sort of logical thought by the currency traders.

Considering that next to the majority of countries Australia is still doing rather well (but battered) and we have lost something like 30% against the baht just goes to show logical thought is not the traders strong suit.

[jimslim]

People tend to look at things the wrong way round , the pound is struggling worldwide against many currencies .

The rate of Pound v Baht will only get better when the UK starts to show economic recovery , which could be a while yet by all accounts

[jet712]

(Stogie @ Apr. 13 2009,15:30) that's not happening as Ireland brings the UK down with its' impending bankruptcy.

While we may not be helping the situation in the UK, I would have thought that Gordon Brown was doing a pretty good job of destroying the UK economy all by himself irrespective of our contribution.  

I can only hope that you're wrong about the end result for our economy...the corrective budgetary measures that the Government has already taken have reduced my take home pay by approx. 13% in the last three months and there's more pain to come later in the year

[robbo]

its all part of my guess that actually this world crisis and individual economy crisis has in no way hit the bottom yet.
sounding very negative i know,but i think things are about to get a whole lot worse over the next 12 months.weve had the causes slowly weeping out of hiding,now the effects are going to start in earnest in the next few months,job losses insolvencies, just more of the same except a greater cumulative effect.and this time deep rooted..
in the meantime im off to have a wank.

[sukebe]

My first trip to Thailand, it was about 42 per dollar, it's not hovering around 35.

I think in the near term, we'll see the baht drop in value, meaning better exchange rates. With the current political situation, tourism is going to take a major hit. Which could also translate into better deals when in Thailand.

But, the main reason I think it will get better is that I read that the government is or has tried to keep the value of the baht down. This is mainly because they are losing a lot of money in exports. Thailands economy depends largely on manufacturing exports...foreign companies using Thai companies to produce their products. With the baht being strong, the Thais are losing this business to the other Asian nations, China, Phillipines, Malaysia, Vietnam, etc. Given that and add the poor tourism expected should translate into better exchange rates.

This will probably temporary, and last for a couple of years before the baht starts to gain strength again. It's always cyclical.

[Stogie]

Almost 53 baht...

[Stogie]

Unchanged... and the panic is now over, right?

[robbo]

highest its been for months? am i correct?