thai baht rate update

[JWNY]

Falling domestic interest rates are also contributing...

Foreign demand for THB assets is also a factor....not strictly the Shin Corp issue, but they are probably the most visible. They hold the limelight at the moment. Shin Corp is the one which brought down Thaksin, I believe. Selling his share to Temasek - not sure. But bear in mind that Thai companies have limits on how much of a % they can sell shares to overseas companies.

Thai economy is stronger than people would think possible, but it could be factored by the weak USD keeping the THB strong. I suppose the truth of this will be tested when the USD changes direction, and the THB weakens. The effect on the economy will then be more obvious

And yes, ironically it (TBH) has STRENGTHENED since the coup, but this may be because with Thaksin out of the way, investors are more confident. I'm not sure how peoples' perception of Thaksin was, so can't comment on this thought...will call to ask my tirak :D

JWNY

[84gunner]

Still figuring about the strength of the TBH as the THB strength is proving to be a paradigm - economic analyses are suggesting weakness, but it remains quite well supported. I think it's more a function of USD weakness, (over Asia), which is keeping the THB strong.

As USDJPY begins to turn up, it will lead to a stronger USD against the THB, so this will hopefully weaken it. This will put it in line with Thailand's current economic situation (which is not fantastic)

Anyone got other views? Kindly share here...:)

JWNY

eh, seems tat I din post a few days only this thread quiet down quite abit. So it seems some pple here beo-ing me, waiting to chak every post of mine.

I share my views here, wait pple say I tua kang, hao lian, wanna be some financial adviser, blah blah blah. How do u think I'd still wanna contribute my views / analysis in Thailand/BKK threads for goodness sake?

[Mr.romantic]

hahaha, another assumption on yr own again.

Ya, I have no CPF in SG, how it happened, wat happened, I leave it 2 u 2 figure out. Some brudders who met me have seen my previous SG NRIC, kena punch hole by Govt liao, cannot use in SG liao. As I mentioned b4, think outta the box. I write 2 much here, the SG Govt's likely 2 implement some more new policies / law, it'll juz destroy those quitters wannabes' (who're able 2 tink outta the box) plans only.

who are those so called brudders? ask them come out and verify lah.

don't think so highly of yourself. think out of the box? haha more like your box (brain) is empty and think out of the box (brain) until you already 走火入魔！tua kang yao xiu kia! :D

[Mr.romantic]

eh, seems tat I din post a few days only this thread quiet down quite abit. So it seems some pple here beo-ing me, waiting to chak every post of mine.

I share my views here, wait pple say I tua kang, hao lian, wanna be some financial adviser, blah blah blah. How do u think I'd still wanna contribute my views / analysis in Thailand/BKK threads for goodness sake?

again you think too highly of yourself. never seen such a hao lian yao xiu kia in this forum before. hahahaha. :D

[yinyang]

[SIZE="3"][FONT="Garamond"]..THB strength is proving to be a paradigm - economic analyses are suggesting weakness, but it remains quite well supported. I think it's more a function of USD weakness, (over Asia), which is keeping the THB strong. ..in line with Thailand's current economic situation (which is not fantastic)
Not a true reflection of present macros anyhow. Growth forecast revised downwards. Neither think post Thaksin era is any more comfort to investors with all the political uncertainty, policies merry round (this is after all, Thailand). Spurring domestic economy aka consumption was spearheaded before present regime, but reality is exports underpines growth.

[justl00king]

Any update on rates in SIN/LOS? :D

[No-go]

Any update on rates in SIN/LOS? :D

today GM quote 22.54

[84gunner]

who are those so called brudders? ask them come out and verify lah.

don't think so highly of yourself. think out of the box? haha more like your box (brain) is empty and think out of the box (brain) until you already 走火入魔！tua kang yao xiu kia! :D

I am not obliged 2 prove anything 2 u, I have my own life 2 lead, holding watever passport / travel doc / nationality.

Haiz, wat can I do, when some pple wif inferior complex keep tinking tat other pple are tinking highly of themselves? Life goes on...

[justl00king]

today GM quote 22.54Thanks bro,

Wonder when can see 23 again...:(

[suteerak1099]

Thanks bro,

Wonder when can see 23 again...:( either wait for our SGD to appreciate, or for the THB to depreciate lor. apparently, things happen to look a little brighter for the thai econ, despite the recent trail of events... still recall it was 24.65 & nearly 25.15 once upon time.

[reuters]

Still figuring about the strength of the TBH as the THB strength is proving to be a paradigm - economic analyses are suggesting weakness, but it remains quite well supported. I think it's more a function of USD weakness, (over Asia), which is keeping the THB strong.

As USDJPY begins to turn up, it will lead to a stronger USD against the THB, so this will hopefully weaken it. This will put it in line with Thailand's current economic situation (which is not fantastic)

Anyone got other views? Kindly share here...:)

JWNY

Could be work of the central bank.

[reuters]

Thanks bro,

Wonder when can see 23 again...:(

Could ask your banker to offer some derivatives to hedge against further fluctuation.

[kelwong135]

From GM $100= 2253Bhat

[Mr.romantic]

I am not obliged 2 prove anything 2 u, I have my own life 2 lead, holding watever passport / travel doc / nationality.

Haiz, wat can I do, when some pple wif inferior complex keep tinking tat other pple are tinking highly of themselves? Life goes on...

not only you want to have the last laugh but always want to have the last say everytime.

where are those brudders you mentioned that saw your Singapore IC with a punch hole? if cannot show proof then you are just another tua pao xian. :rolleyes:

[Mr.romantic]

Thanks bro,

Wonder when can see 23 again...:(

Could ask your banker to offer some derivatives to hedge against further fluctuation.

there's even a better idea. follow tua pao xian 84 gunner's fukking boliao advice. open a Thai bank account to hedge against fluctuation. if you cannot afford to open a Thai bank account. according to 84gunner it means you have cash flow problems! hahaha. :D

[JWNY]

Not a true reflection of present macros anyhow. Growth forecast revised downwards. Neither think post Thaksin era is any more comfort to investors with all the political uncertainty, policies merry round (this is after all, Thailand). Spurring domestic economy aka consumption was spearheaded before present regime, but reality is exports underpines growth.
I agree that the underlying economic structure fails to fully explain the current THB situation. I think it is worth looking at Asia Pacific as a whole, and consider how onshore and offshore investments are developing. The underlying USD tone, (especially USD/JPY), is keeping local currencies strong - but this is probably about to change, as a large shift in sentiment develops...

JWNY

[No-go]

yest rate quoted fm hdy 22.47

[JWNY]

Could be work of the central bank. This is just an assumption on your part? :)

There's not been any indication that it's the Central Bank...

USD/THB likely to test higher levels on bullish USD/majors and USD/SGD. Threat of fresh deficit in the current account in coming months and political uncertainty to underpin sentiment too. Offshore prices held firm stance above 33.00 overnight, with markets likely to probe recent high at 33.50. Onshore USD/THB should see corporate buying towards 34.65 level intraday, with overnight high at 34.60 to see good support.

The current USD/THB structure is more a function of local FX than anything specifically THB related - at the moment. A minister resigned today, too, so that may also impact on the baht. Higher USD, lower THB. This then makes things more congruent with economic data...

JWNY

[yinyang]

..current USD/THB structure is more a function of local FX than anything specifically THB related - at the moment. A minister resigned today, too, so that may also impact on the baht. Higher USD, lower THB. ..This then makes things more congruent with economic data...
Such ongoings in LOS nothing new, and hardly make a dent on FX. Ironic on mismatch on economic macros vs FX. On micro level, our SG not getting fair mileage as our fortunes are linked to USD.
..agree that the underlying economic structure fails to fully explain the current THB situation. ..worth looking at Asia Pacific as a whole, and consider how onshore and offshore investments are developing. The underlying USD tone, (especially USD/JPY), is keeping local currencies strong - but this is probably about to change, as a large shift in sentiment develops......
We already see effect on drop in Jap visitors, but not so farangs -insulated with euros.

Kudos for analysis, not far fetched. Hope we ikan bilis have a bit more to stretch our notes like tips to puyings in our forays to LOS kekeke. Won't make us rich, but song mah...:p

[saintsrsaf]

Just went Mustafa centre to buy something,so kaypo go the money changer ask for rates,was offered 22.7. Will be flying to Thailand on June again,hope can get my 1-23 rates again this time hehe!

[keane16]

any good joint to exchange in BKK itself ?

[justl00king]

Today checked with local moneychanger 22.32. :(

[pe nis]

Changing in spore or in bkk better ?

If in sg, where the best rates

[High till Dry]

Today checked with local moneychanger 22.32. :(

Rates is really bad.

Anyone can get rates in thailand?

Usually Siam commercial bank is one of the better ones...

[Akina]

Hope rate get better, mi going next week ..

[No-go]

i think Bangkok Bank give better rates.

[JWNY]

i think Bangkok Bank give better rates.

The BOT relays that there are no significant factors that will put further pressure on the local currency, even with a lower surplus or the probability of a deficit in the balance of payments next year. BOT Governor, Tarisa Watanagase, explains that economic fundamentals do not indicate any pressure on THB to appreciate. The surplus in the balance of payments will be lowered by the rise in imports from the investments for the mega-projects and the import of aircrafts. Additionally, lower exports resulting from the global economic slowdown will contribute to this. The BOT's easing of investments from financial institutions overseas will also help temper the rising THB given the recent capital inflows to the Thai bourse and direct investment.

Exporters will rejoice when they see the THB's appreciation come to a screeching halt. The govt has been trying hard to accomplish this for a while now -- with a few mistakes here and there, as the world very well knows. Though an appreciating local currency is a good indicator of a progressive economy, it tends to hurt exporters significantly. And with Thailand heavily reliant on exports, this has become an issue that has been plaguing the central bank.

Soon bros...patience :)

JWNY

[OceanEleven]

Generally, small change in rate will not affect most much when planning for a trip. Put it this way, an increase in 0.1 baht against SGD fetch you an additional 100 baht only if you are changing SGD1000. Well how many bros gonna change SGD1k for a short trip assuming air tickets and hotels already settled in Singapore prior to departure?

Of course when comparing to 2002 when SGD fetch 24 baht and above, we lose in excess of 2k baht base on changing SGD1k compare to now but then again, that is if we knew….;)

[OceanEleven]

Soon bros...patience :)

JWNY

SO bro, since when moving into the financial sector? Planning to be the next Sorros? :D

[High till Dry]

Hope rate get better, mi going next week ..

I'll be there on 30th May to 3rd June to see my tirak as well...:p

[natto3]

hi bros, sorry to in interupt, but what is the current rate for the bht? thanks.:)

[No-go]

I'll be there on 30th May to 3rd June to see my tirak as well...:p


which part of thailand?

[lovebirds]

I'll be there on 30th May to 3rd June to see my tirak as well...:p

Should be quite a number of peeps goin bkk 4 the long weekend ... me too but with O C .. haiz ..

[justl00king]

Should be quite a number of peeps goin bkk 4 the long weekend ... me too but with O C .. haiz ..Any update on the baht? :)

[vmtech]

bangkok bank 22.27 :~

[High till Dry]

Siam Commercial Bank 22.7 to 22.8

[justl00king]

Siam Commercial Bank 22.7 to 22.8Bro,

Your rates got typo error? :D

If now still 22.7 good enough for me.. :D

[High till Dry]

Bro,

Your rates got typo error?

If now still 22.7 good enough for me..

Now 22.97.

http://www.scb.co.th/html/exchange/bk-txtexchange.htm

Did I see correctly? Leaving to BKK on wed...:D

[justl00king]

Now 22.97.

http://www.scb.co.th/html/exchange/bk-txtexchange.htm

Did I see correctly? Leaving to BKK on wed...:DYou must look at bank buying rates (last box). For cash only 22.33625

Wed to BKK? Me too! Morning or night flight? :D

[High till Dry]

You must look at bank buying rates (last box). For cash only 22.33625

Wed to BKK? Me too! Morning or night flight? :D

610pm Tiger. Staying in Watana. U?

[vmtech]

Siam Commercial Bank 22.7 to 22.8

huh zhun boh , u see wrong column i think bro

[JWNY]

USD/THB to hold firm tone ahead of court rulings on political parties tomorrow. Bond losses to add to bullish outlook for the pairing but markets wary of month end selling from exporters.

Onshore prices eye test of 34.65 resistance, with good support seen at 34.60. Offshore prices likely to remain trapped amid 32.70-90 range.

The outcome of the junta re-shuffling will no do much harm to the above

JWNY

[Mr.romantic]

JWNY,

why your fonts are so small? very hard to read you know?

[JWNY]

JWNY,

why your fonts are so small? very hard to read you know? this the first time i receiving such feedback...what is your screen resolution used?

Can't be that bad...for the record is Garamond size 3

JWNY

[tomvoyeur]

this the first time i receiving such feedback...what is your screen resolution used?

Can't be that bad...for the record is Garamond size 3

JWNY

Bro JWNY's font maybe hard to read but he is hard to miss in GM LOL.....:p

Happy retirement bro! ;)

[chanyboy]

You must look at bank buying rates (last box). For cash only 22.33625

Wed to BKK? Me too! Morning or night flight? :D

The rate at Chinatown Sg is 22.3

[JWNY]

Bro JWNY's font maybe hard to read but he is hard to miss in GM LOL.....:p I KNOW I FAT!!! :D

JWNY

[QQme]

Just change yday at Tj Pagar beside NTUC, 22.3 ....

[JWNY]

Finally, the USD/THB broke 34.65 level, with foreign bank cited heavy buyers early. The pairing opened at 34.62-63, with last indication at 34.65-66. Markets are seen bullish the pairing, irregardless of the outcome of the court ruling on political parties. BOT's comments yesterday is seen keeping the USD/THB well bid. Offshore USD/THB last 32.85-90, sidelined as usual.

Anyway, I just sent some money at GM rate ~ was 22.350 :)

JWNY

[yinyang]

..but he is hard to miss in GM LOL.....Happy retirement bro! ;)
He's part of GM's furniture arh? What's this premature retirement, like transfering his CPF to LOS? And you seem to be a LOS convert eh?:p

[kelwong135]

Change at Toa payoh central $100 = 2240Bhat

[Trojans]

Yo bros,

Went Tampines to change yesterday. S$100 = 2260Baht. Quite good rate.

It is the money changer at blk500+ facing the HDB Office near the traffic light.

Cheers
Trojans

[JWNY]

Bros,

I don't have much today...maybe next week :)

Monthly USDTHB looks like it'll settle above 31.70... At the moment, there's not much going on, but it's worth looking at the underlying USD picture, which is pointing for a stronger USD. Hence, weaker JPY and, by correlation, weaker THB...

JWNY

[T I U]

Last week rate in Spore, 22.30, at BKK airport notice it was 22.24 ... few basis points lower

[norice]

Hello,

What about US dollars?

[No-go]

yest hdy quote 22.48

[NobleEagle]

yest hdy quote 22.48


hi bro, may i know where is tis place?

[Mafan]

hi bro, may i know where is tis place?

hatyai lor :p

[justl00king]

610pm Tiger. Staying in Watana. U?Tied up with work..trip cancelled :(

[justl00king]

Hope can see 23 again soon...:(

[Trojans]

Yo bros

Just came back from BBK 2 hours ago. Very hot weather.

The exchange rate now is S$100 = 2240Baht in BBK.

Cheers
Trojans

[High till Dry]

Yo bros

Just came back from BBK 2 hours ago. Very hot weather.

The exchange rate now is S$100 = 2240Baht in BBK.

Cheers
Trojans

Bro, funny lei.

How come u 32 points, power still O?

[High till Dry]

Did some comparision.

From my observation, currently the rate in BKK is slighty lower than in Singapore.

[JWNY]

SGD/THB looking neutral - doesn't look like it wants to push too much higher. It should settle back, and trade sideways for the day. Traders will look at the 21.28 level, with selling interest to appear into any slip beneath here... The critical level is 23.75. If prices manage to get beneath here, (it's the Mar low), then I think a more deeper reaction will follow - ie sell SGD, buy THB...

Economists see further USD losses, and THB gains... I agree, and see further USD losses and SGD gains in tandem... (USD/JPY is looking like it's going to down for a while)

JWNY

[kelwong135]

Hope can see 23 again soon...:(

Soon you will see 23 cos now the rate is getting better.:cool:

[No-go]

Soon you will see 23 cos now the rate is getting better.:cool:


hope so...btw when u going again?

[kelwong135]

Planning to go on oct but will see how cos there are bomb everywhere i dun wan to come back only ash haha......:D

[No-go]

Planning to go on oct but will see how cos there are bomb everywhere i dun wan to come back only ash haha......:D

relax lar bro..i was there only last week in hdy..biz as usual over there.

[High till Dry]

Planning to go on oct but will see how cos there are bomb everywhere i dun wan to come back only ash haha......

U quite "Kwa Zhang" la Bro. I was in BKK during taksin coop, new year bombing and the recent disbandment of Thai Rak Thai. I'm still in one piece. U waitng for Coop 1st anniversary to be over b4 heading there? :p :D

[No-go]

U quite "Kwa Zhang" la Bro. I was in BKK during taksin coop, new year bombing and the recent disbandment of Thai Rak Thai. I'm still in one piece. U waitng for Coop 1st anniversary to be over b4 heading there? :p :D


he not Kwa Zhang lar...he is only Kiasi! hehe

[kelwong135]

he not Kwa Zhang lar...he is only Kiasi! hehe

Dun worry will jio u along when i wan to go.

[No-go]

Dun worry will jio u along when i wan to go.

okie bro..hope to cheong with u soon.

[justl00king]

Anyone been to a shop called "super rich"? Near big C and opposite WTC I think. Heard they offer better than bank rates? :)

[NobleEagle]

I think change in SIN is better, ytd changed at GM rate is 22.38 but seems to be sliding down everyday, last wk i checked was 22.48...

[CrazyThaiLover]

Hi all,

Today rate at GM, 1 = 22.37


CTL

[BulleYe]

Hi all,

Today rate at GM, 1 = 22.37


CTL

phee CTL!!!
finally u appear!:D

[Trojans]

Bro, funny lei.

How come u 32 points, power still O?

Haha...i also not so sure leh?? Maybe someone can advise??

Cheers
Trojans

[overnighter]

U quite "Kwa Zhang" la Bro. I was in BKK during taksin coop, new year bombing and the recent disbandment of Thai Rak Thai. I'm still in one piece. U waitng for Coop 1st anniversary to be over b4 heading there? :D

Wa bro.... everytime u there something major will happen leh. So when u going again? Will avoid going same period as u. :p

[Mafan]

Haha...i also not so sure leh?? Maybe someone can advise??

Cheers
Trojans

I know I know. tell u correct got prize bo :p cause u have last then 10 post thats why no power.

[High till Dry]

Wa bro.... everytime u there something major will happen leh. So when u going again? Will avoid going same period as u.

Then kindly avoid national day week & 2nd last week of Aug.

Risky peroid....:p :D

[overnighter]

Then kindly avoid national day week & 2nd last week of Aug.

Risky peroid....:p :D

Thats fast bro... considering u just got back.

[justl00king]

Soon you will see 23 cos now the rate is getting better.:cool:Dun seem like it...still dropping. :(

[justl00king]

Thats fast bro... considering u just got back.I have to go every month or will have Bangkok blues...:D

[High till Dry]

Thats fast bro... considering u just got back.

Nothing compare to my Sifu. He goes there 2 times more than me...:p :D

[High till Dry]

I have to go every month or will have Bangkok blues...:D

I can only do that if I earn S$5k per month with at least 21 days of leave. Every trip I will try to go for at least 4 nites...:p

[Hakoshu]

Going on Mid July.. Anyone??

[Bushnell 1918cb]

Going on Mid July.. Anyone??

Yo all bros,

I will be there on 7 July o7, Sat, reach BKK around 8am. Let me know who will be there the same date. Cheers.:)

[sibaysong4u]

BKK yesterday rate : 22.42baht.

[CrazyThaiLover]

Hi to Bros who may concerned,

Yesterday rate at Tampines Mall was 1 = 22.10


CTL

[cluboxed]

The rates are usually better in BKK...I always change my monies there..hee

[CrazyThaiLover]

Bro cluboxed,

Paiseh, r u sure? Seem like diff fr other bro?!! Which area of BKK will provide better rate?


Cheers,
CTL

The rates are usually better in BKK...I always change my monies there..hee
Did some comparision.

From my observation, currently the rate in BKK is slighty lower than in Singapore.

[Bushnell 1918cb]

The rates are usually better in BKK...I always change my monies there..hee

Hi all,

In my experience, Chiang Mai does provide good rate than SG. Cheers.

[justl00king]

BKK rates last Saturday 22.17/ Sunday 22.13.

Getting from bad to worse...:(

[Mafan]

Hi all,

In my experience, Chiang Mai does provide good rate than SG. Cheers.

wah bro power 3 laio hor steady lar. wah with the exchange rate like this i think got to cut down on HDY trip laio got to change to balai or batam or JB laio not so costly.

[Bushnell 1918cb]

[QUOTE=Mafan;2078466]wah bro power 3 laio hor steady lar.

Bro,

IMO, Hatyai is still better than BT or TPT. You should know better than me. How about heading to Chiang Mai on 2nd week on Jan 08? Most likely i will be there. Let me know. Cheers.

[Mafan]

Bro,

IMO, Hatyai is still better than BT or TPT. You should know better than me. How about heading to Chiang Mai on 2nd week on Jan 08? Most likely i will be there. Let me know. Cheers.

i will be up in HDY on aug and bkk in nov( got to attend frd wedding) got to miss that i think.

[Bushnell 1918cb]

i will be up in HDY on aug and bkk in nov( got to attend frd wedding) got to miss that i think.

Bro,

Think about it. I call you. I will be heading to GM to change some Baht this sun as I am heading to Bkk on 7 july. Maybe we go GM for a drink. Cheers.

[Mafan]

Bro,

Think about it. I call you. I will be heading to GM to change some Baht this sun as I am heading to Bkk on 7 july. Maybe we go GM for a drink. Cheers.

okok u let me know ba.

[No-go]

yest bkk quote 22.08

[Thai Rak Thai]

nowadays rate abit low

[No-go]

nowadays rate abit low


dunno will it break 22.00 in the near future or not.

[saintsrsaf]

Changed at Golden Mile Complex today,rate was 22.32

[Mafan]

Changed at Golden Mile Complex today,rate was 22.32

wah looking at last few day 22.1+ my heart almost pop out heng today got ppl post 22.32 hope to reach back 23 when i go to HDY in Aug :p

[saintsrsaf]

wah looking at last few day 22.1+ my heart almost pop out heng today got ppl post 22.32 hope to reach back 23 when i go to HDY in Aug :p

I managed to get 1-23 on April but not so lucky this time.Good luck for you on your Aug trip, I'm flying to HDY tomorrow =D

[sibaysong4u]

GM rates : 22.32

[yinyang]

..last few day 22.1+ my heart almost pop out heng today got ppl post 22.32 hope to reach back 23 when i go to HDY in Aug
If below 22... didi better behave or shrink liao ah?:p

[justl00king]

hope to reach back 23 when i go to HDY in Aug :pI strongly doubt so..:(

[ken7]

Bros,

Am i right to assume the rate wld be better in krabi than in Bangkok??? or wld i be paying more in krabi????

[keane16]

changed today at china town: 22.3

[saintsrsaf]

Changed at HDY,was given 23.1

[Trojans]

Changed at HDY,was given 23.1

Wah @@ 23 liao ar...

Cheers

[Mafan]

Changed at HDY,was given 23.1

wah sure bo u change where ??????

[chuahcq]

Changed at HDY,was given 23.1

Bro, where is your so call HDY. Think the rate quite good.

[saintsrsaf]

HDY= Hat Yai. Sintavee Tour near Sakura grand View. Please note:Not everyday is Sunday,I was lucky enough to get that rate there on tuesday night,was shock also.

[me|zuo]

i'm quite curious.. how come the rate differ so much.. 22.3 @ chinatown and 23.1 at HDY... any bro can enlighten me?

:o :p

[tasmania]

Hmm.. I got mine at 22.22 at Bishan Junction 8.

[blackjack_king]

Changed at HDY,was given 23.1

bro...u sure???

[No-go]

HDY= Hat Yai. Sintavee Tour near Sakura grand View. Please note:Not everyday is Sunday,I was lucky enough to get that rate there on tuesday night,was shock also.


very good rate indeed..mayb they misquote u? cos usually at nite they tend to give lousy rate.

[yinyang]

..maybe they misquote u? cos usually at nite they tend to give lousy rate.
Certainly got bros attention (or woke us up) at unheard of >23. Think most likely a mistake... and some1's paying for it :p

[No-go]

Certainly got bros attention (or woke us up) at unheard of >23. Think most likely a mistake... and some1's paying for it :p

agree with u bro. most likely a misquote.

[justl00king]

agree with u bro. most likely a misquote.Ya.. sounds too good to be true. :D

[yinyang]

.. sounds too good to be true. :D
Not unless changing (selling) bht back to $.. left over after chionging.:p Btw, when's your next LOS trip?

[justl00king]

Not unless changing (selling) bht back to $.. left over after chionging. Btw, when's your next LOS trip?I never sell back the bahts after trip cos always not enough. :D

My trips used to be once a month but now in "cold turkey" stage. :D So no idea already.

Recently just went early June stayed CPP.

[yinyang]

I never sell back the bahts after trip cos always not enough.
Hehe, good 1.. always deficit me too:p
...trips used to be once a month but now in "cold turkey" stage. So no idea already. Recently just went early June stayed CPP.
Hope you come out of withdrawal symptoms. My last was April en route europe. Just decided inpromptu on national hol period 8 (evening) to 12/8 and booked tg 300 -so if you there same stretch, split a beer?

Mafan --->you and rest gin gang are south and I'm in central LOS same time. How's your thai class preparing you for sianing gals and fight kc trap ah? Hear Devil won some money so he can buy more chang beer for you kekeke

[Mafan]

Mafan --->you and rest gin gang are south and I'm in central LOS same time. How's your thai class preparing you for sianing gals and fight kc trap ah? Hear Devil won some money so he can buy more chang beer for you kekeke

wah liew study 4 class teacher off 1 class cont 1 class today off again :( BTW how u like my new avatar. chang beer mai aw me now totally quit drinking laio. best is dont drink once start cant stop. Devil won money oh i dont know ler me busy sell satay, very long nvr meet him laio. if u want to know my location SMS me ba.

[yinyang]

..how u like my new avatar. ..if u want to know my location SMS me ba.
Me likeeee (much better than previous 1, frankly bit gross la).. can change colour to RED lagi best:p Definitely not blue.

Will sms you to kau kwan can?

[sibaysong4u]

Today rate at JR Tours Hatyai: $22.40

[justl00king]

Hehe, good 1.. always deficit me too

Hope you come out of withdrawal symptoms. My last was April en route europe. Just decided inpromptu on national hol period 8 (evening) to 12/8 and booked tg 300 -so if you there same stretch, split a beer?

How I wish that I could book early with many budget air on promo really cheap. Me always last minute schedule. My previous trip was supposed to be end of May. Booked thru TG at $350 but end up have to cancel and paid US$60 for cancellation charges.Went in June instead thru SQ paid $452. Booked and fly on the same day :(

Sure bro, if meet up drinks on me. :)

[justl00king]

Today rate at JR Tours Hatyai: $22.40Hope the rate can go back up to 23 soon..:(

So more bahts for cheonging. :D

[forumer]

miss the days of S$1 to 24-25 thai baht

[me|zuo]

let hope that it will higher n higher... still dun understand.. thai political situation is rather messy.. y the rate not affected...
:o :p

[Mafan]

miss the days of S$1 to 24-25 thai baht

wah bro thats last year de tai ji laio ler. * praying very hard for the baht go back to 24 * ...........

[Mafan]

Me likeeee (much better than previous 1, frankly bit gross la).. can change colour to RED lagi best Definitely not blue.

Will sms you to kau kwan can?

so this 1 can :p can no problem i selling at GL :p anytime.

[yinyang]

...praying very hard for the baht go back to 24
Bro, to even reach 23 is the very heng liao, dun talk 24. Honestly you gotta more than pray hard.. Btw, you new avatar's nicely red kekeke. But earlier 1 was stylo, only colour nia.
.. still dun understand.. thai political situation is rather messy.. y the rate not affected...
Linked up to (weak) US$ forex. Think bro GWNY said it all somewhere here:D

[yinyang]

...always last minute schedule. ...paid US$60 for cancellation charges.Went in June instead thru SQ paid $452. Booked and fly on the same day :(
Painful 1, bro.. Maybe we can do SQ's fly 2 pricing hehehe. Think you got hit with June's peak hol season. Those GM travel shops do CX and TG ard 300 quick fix. There's also Swissair (late flight).. Wish you every success:D

[homeaffair]

Mayb can try zuji,selling TG tickets at various pricing. Just book TG for national day period at $269.00(excl tax) got lotsa timing to choose from. But need to act fast before they are snap up.

[No-go]

Today rate at JR Tours Hatyai: $22.40


really sibaysong hor...so when u coming back?

[sibaysong4u]

I aready back on 23th June...:D

[sibaysong4u]

Back and Alive liao:D

[No-go]

I aready back on 23th June...:D


when going again then? hehehe

[sibaysong4u]

when going again then? hehehe
Next trip will be Shenzen:D Hatyai seems like ghost town now:(

[No-go]

Next trip will be Shenzen:D Hatyai seems like ghost town now:(

ghost town good wat...more puying for u to choose

[sibaysong4u]

ghost town good wat...more puying for u to chooseWonderful :less then 20 puyings,Suriya : 10 SC Heritage : KNN Two Puying onli....how to choose???:mad:

[No-go]

Wonderful :less then 20 puyings,Suriya : 10 SC Heritage : KNN Two Puying onli....how to choose???:mad:

ur standard too high lar...must lower abit okie? hehe

[sibaysong4u]

Now awaiting for Bros Stiffneck FR. Btw Stiffneck,i recieve yr message in Hatyai...me too busy drinking on friday nite so neber message you.
Got find any Kar Chng Lobang in Hatyai:D

[No-go]

Now awaiting for Bros Stiffneck FR. Btw Stiffneck,i recieve yr message in Hatyai...me too busy drinking on friday nite so neber message you.
Got find any Kar Chng Lobang in Hatyai:D

got such lobang meh? y never 'kai seow'? good lobang must share mah....

[CrazyThaiLover]

Hi Bros,

Any update of THB rate? Thx in adv.


Cheers,
CTL

[High till Dry]

Any thai currency update? :)

[snowwolf79]

Any thai currency update? :)

I will be back in Singapore on the 9th Jul with about 70K thai baht. any guys want to change ? pls pm me

[justl00king]

Any thai currency update? :)Saturday 22.17 Sunday 22.22 :)

[High till Dry]

Saturday 22.17 Sunday 22.22 :)

Bro still can smile huh? :(

[justl00king]

Bro still can smile huh? :) to you. :( to rates.

[JWNY]

Just sent some money today...22.27

JWNY

[Mafan]

I will be back in Singapore on the 9th Jul with about 70K thai baht. any guys want to change ? pls pm me

ur rate ??

[yinyang]

..Just sent some money today...22.27
Confirmed non-receipt my end, pls re-send... for better rate besides, hehehe. Emptying out your pigy bank?:p

[Prolink]

Maybe we can change..all.... kekeke
ur rate ??

[AmericanExpress]

use AMEX for all your FOREX trans

...i mean transactions :p

[yinyang]

use AMEX for all your FOREX trans...i mean transactions :p
Plastic fantastic? Promise no lousy rate or surcharges?
:p

[JWNY]

Confirmed non-receipt my end, pls re-send... for better rate besides, hehehe. Emptying out your pigy bank?:p Haha...of course not dear...after 3pm Bangkok time..check again :)

JWNY

[yinyang]

Haha...of course not dear...after 3pm Bangkok time..check again :)
Okie, after my generous CUT lol:p

[Bushnell 1918cb]

ur rate ??

Hi all,

Went to Pearl Centre,(Chiang Jiang) this late noon. Managed to change @22.30. This exchange is just facing opposite a small mobile phone shop, it runs by chinese gal. It's located just right inside the entrance. Cheers.

[scorelan]

The rate in spore is better. Currently, BBK rate is between 22.15 to 22.20. Change in spore before going. CHeers:)

[Mafan]

Hi all,

Went to Pearl Centre,(Chiang Jiang) this late noon. Managed to change @22.30. This exchange is just facing opposite a small mobile phone shop, it runs by chinese gal. It's located just right inside the entrance. Cheers.

knn u see girl u go change :( if the girl wear sexy u change all ur saving lol :p

[snowwolf79]

ur rate ??

my rates will be depending on the day's of buying and selling rate. the rate, i will set as the in-between.

[Bushnell 1918cb]

knn u see girl u go change :( if the girl wear sexy u change all ur saving lol :p


if she is really sexy & seductive, I would sian her to achieve the ultimate objective; "bonk her"..ha..ha. When is your exact date for you BKK's trip on Nov?

[Mafan]

if she is really sexy & seductive, I would sian her to achieve the ultimate objective; "bonk her"..ha..ha. When is your exact date for you BKK's trip on Nov?

should be 3-5 frd wedd on 4th

[suteerak1099]

caught a glimpse at the exchange rates yday... almost flipped. (0.045351) :eek:
SGD1 : THB22.05

i guess they're keeping the currency floating high, in preparation for the year end elections (if any)... or perhaps, until the coronation of the new RAMA X.

[Mr.romantic]

caught a glimpse at the exchange rates yday... almost flipped. (0.045351) :eek:
SGD1 : THB22.05

i guess they're keeping the currency floating high, in preparation for the year end elections (if any)... or perhaps, until the coronation of the new RAMA X.

always like to act smart! don't worry the high Thai Baht rate will not affect you. because you only dream about being in Thailand. unless you are still a sincere young chap and chai tao remitting money to Thai girl. hahaha. :D

[eQuipment]

look like the trend (http://ichart.finance.yahoo.com/z?s=SGDTHB=X&t=1y&q=l&l=on&z=l&p=s) is only 1 way.

[saintsrsaf]

Rate from Mustafa 21.97 :eek:

[Bushnell 1918cb]

Rate from Mustafa 21.97 :eek:

Hi,,

The exchange rate @ MBK yesterday was 22.00. Just came back from Khao Shan Rd, today rate is 21.50. I settled my room bill @ watana mansion, the visa rate is 21.something, can't recall. It's better to change in SG.Cheers.

[justl00king]

Its going down.... :( :cool:

[yinyang]

Its going down.... :(
You mean our money...:p Getting worse, crossed barrier 22 kns. Point of no return for awhile?

[justl00king]

You mean our money...:p Getting worse, crossed barrier 22 kns. Point of no return for awhile?Hope can go back up to 23. :D

[AmericanExpress]

Hope can go back up to 23. :D this will take some time but seriously u bros change how much unless in millions i dun think u guys will feel any tangible pinch think by now u guys got a rough idea the 'massive outflows' from US have nothing to do with a trade surplus just the coming collapse of USD! review some event of the past weeks some countries in the middle east are un pegging their currency with USD..have higher inflation in USA than expected and officially measured + the perspective of a recession due to the real estate bubble burst + the fact that USA is the land of debts a perfect cocktail for a perfect storm as for the FED they are in a dead end impossible to increase nor to decrease rates there is without doubt crisis of confidence toward the USD

[justl00king]

this will take some time but seriously u bros change how much unless in millions i dun think u guys will feel any tangible pinchNot in millions only thousands with 23 gainst 22- change S10K lost 10K baht.Change S5K lost 5K baht. Not alot but still feel it. :D

[AmericanExpress]

Not in millions only thousands with 23 gainst 22- change S10K lost 10K baht.Change S5K lost 5K baht. Not alot but still feel it. :D i c not many send such big amoun monthly u're tirak very fortunate :) also u will get higher rate if u do send big $$

[totti79]

Any bros who have any idea abt these trends have any advice for vistors to LOS abt whether its wise to change money now to prevent damage due to further drop in upcoming weeks/months? Or its worth waiting a while more to see if it recovers a bit? Plan to travel in september, now wondering......:confused:

[justl00king]

also u will get higher rate if u do send big $$I only change at LOS money changer. Can Amex offer slightly better rates for bros here? :D

[suteerak1099]

well, once upon a time, it was SGD1: THB17++
then there was a time SGD1: THB24++, or was it THB25++?
then now, the THB is strengthening again.... either that or our SGD is depreciating (thanks to the slump in the USD)

[Da Ming]

cheonging in bangkok is getting more ex than before

one day expenses include accomodation can be easily around sgd400

[Mafan]

well, once upon a time, it was SGD1: THB17++
then there was a time SGD1: THB24++, or was it THB25++?
then now, the THB is strengthening again.... either that or our SGD is depreciating (thanks to the slump in the USD)

Once upon a time there also 1SGD = 30+ baht

[justl00king]

cheonging in bangkok is getting more ex than before

one day expenses include accomodation can be easily around sgd400Yup..and now rates dropping further. :(

[JWNY]

The TBH rose to a fresh 10-year high on Tuesday, spurred by broad dollar-selling in Asia and the view that the central bank's new rules for offshore investors will lead to baht buying onshore...the funny thing is, who would have thought that i could actually convert my current TBH to USD...for a profit :cool:

JWNY

[yinyang]

..TBH rose to a fresh 10-year high on Tuesday, spurred by broad dollar-selling in Asia ...the funny thing is, who would have thought that i could actually convert my current TBH to USD...for a profit
Goody, you can now afford to buy us drinks...:p

Yesterday's news on strong bht victims from Nation: (Is there hope for us minnows yet?)

TCC: strong baht will claim more victims

Thai Chamber of Commerce Chairman Pramon Suthivongse admitted that the strong baht has affected exporters and more small factories will be shut down.

He noted that he did not know why Thai Silp South East Asia Import Export Co Ltd was closed, but believed that the Thai baht is just one of the factors as the company could have shouldered financial problems. Still, he said the strong baht has raised the losses for exporters especially those in the textiles industry.

"More small factories would be shut down as when the baht is about 10 per cent more expensive than neighbouring countries like Indonesia and Vietnam, exporters can't compete with them," he noted.

On July 16, the TCC will seek a meeting with Commerce Minister Krirk-krai Jirapaet, to ask if there will be any remedial measures. He also noted that the private sector could need to raise their product prices and consequently see their shares in the export markets slashed. Meanwhile, exporters could need to replace machinery to reduce production costs, and the government can help through a cut in machinery import tariffs.

On the Bank of Thailand's saying that exporters' sale of US dollar spurred the baht appreciation, he admitted that such behaviour really exists.

"But it should help alleviate the situation if the Bank of Thailand allows exporters to hold on their foreign exchange income for more than 15 days (before they are required to convert the income into Thai baht)," he said.

[JWNY]

Yesterday's news on strong bht victims from Nation: (Is there hope for us minnows yet?) Exports make up at least 60% if not more of the Thai economy and there are yet several factors as long as the Chinese Yuan continues to appreciate, in the absence of other factors such as political problems with regards to the forthcoming elections, the TBH should follow suit. The Yuan is expected to stregthen 10% vs the USD over the coming year. Other factors would be that, in actual fact the USD is weak as suggested and not that the TBH is strong. And remember bros...The TBH should hit 30 against the USD real soon, it is in general - good for the Thai people :)

JWNY

[yinyang]

Exports make up at least 60% if not more of the Thai economy..Yuan is expected to stregthen 10% vs the USD over the coming year. ..USD is weak as suggested and not that the TBH is strong. ...The TBH should hit 30 against the USD real soon, it is in general - good for the Thai people.
In short term, we small potatoes kena foot more in our LOS forays (aka vices for aggs, MPs etc).

Another plausible reason for strong bht is high capital inflows into equities market (regional bourses hot recently). Effects on exporters cascade to man in street too (yesterday, 5000 redundant garment workers had to be rescued by national trade association).

From Bkk post today:

$4 billion in inflows to SET propel Thai baht to new heights
Capital inflows of $4 billion into the stock market since the beginning of the year have been the main factor driving the baht's rapid rise, according to the Bank of Thailand. But pressure on the currency should ease in the second half as business sentiment improves, resulting in higher private investment and imports of capital goods, according to central bank governor Tarisa Watanagase.

INDUSTRY & EXPORTS / PRESSURE FROM STRONG BAHT
'300,000 garment jobs could be lost'
Up to 300,000 jobs in the apparel industry could be lost if Thailand's currency continues to strengthen, according to local exporters. Phongsak Assakul, president of the Thai Textile Manufacturing Association, said the apparel industry was facing a genuine crisis that would affect the 1.06 million people who work in the weaving, textile and garment sectors.

[ProfessorOokami]

Exports make up at least 60% if not more of the Thai economy and there are yet several factors as long as the Chinese Yuan continues to appreciate, in the absence of other factors such as political problems with regards to the forthcoming elections, the TBH should follow suit. The Yuan is expected to stregthen 10% vs the USD over the coming year. Other factors would be that, in actual fact the USD is weak as suggested and not that the TBH is strong. And remember bros...The TBH should hit 30 against the USD real soon, it is in general - good for the Thai people

JWNY

Interesting economic analysis presented. keep it up. I have learned a lot from here, as Economics is my weak subject :o

Strong THB is bad for us cheongsters :(

[gigantor]

Just change at GM at 21.6:(

[High till Dry]

Just change at GM at 21.6:(

that's ridiculous...:(

[gigantor]

that's ridiculous...:(

U said it. This will probably be my last trip to BKK for the year or until the rate really improved. Anyway, quite sian liao. Like to try other regions first.:D

[High till Dry]

U said it. This will probably be my last trip to BKK for the year or until the rate really improved. Anyway, quite sian liao. Like to try other regions first.:D

Bro, I can't lei.

Got tirak commitment there...

[justl00king]

that's ridiculous...:(Think will go down some more... :(

[gigantor]

Bro, I can't lei.

Got tirak commitment there...

HAHA... I can understand yr situation. What to do? We men are sucker... :(

[High till Dry]

Think will go down some more... :(

From an exchange rate of S$1 to $23 plus to currently $21 plus that's 10% difference in the past 1 year...:(

[84gunner]

haha, u all still talking about tis? Remember, more than 1 year ago, I oredi said, hedge it!! Bro High Till Dry noticed 10% difference oredi. If u regard it as a kinda investment, then u would've made 10% profit in this 1 year!!!

In investing, there is something called diversification. Most of u are holding yr $$, or currencies, of yr home country, ie. SGD or MYR. If u diversify yr $$, putting into other currencies, u lose some here, but u gain some there!

For those who hedged the currencies as I mentioned, I believe today u'll be happy u hedged it!

[yinyang]

..u all still talking about tis? Remember, more than 1 year ago, I oredi said, hedge it!! ..If u regard it as a kinda investment, then u would've made 10% profit in this 1 year!!!
Bro, take your point but this is also with benefit of wisdom of hindsight. Most of us are not so blessed as you with means (or know how).

Hedging cuts both ways. There's also the opportunity cost of tieing up your money. Investment? Or consumption? Many bros are with limited means for cheonging holidays, tiraks etc.

So from layman's point of view, can we just take it just as some useful information on exch rate trend?:)

[vertikal]

i changed 22.1 last sunday at one of the money changer in bedok

[84gunner]

Bro, take your point but this is also with benefit of wisdom of hindsight. Most of us are not so blessed as you with means (or know how).

Hedging cuts both ways. There's also the opportunity cost of tieing up your money. Investment? Or consumption? Many bros are with limited means for cheonging holidays, tiraks etc.

So from layman's point of view, can we just take it just as some useful information on exch rate trend?:)

I understand wat u mean.

I'm not in the finance industry, so tis is not my profession, I'm oso a layman, haha. I'm capitalising on the info & taking real actions (I'm not sitting there NATO - No Action, Talk Only) 2 enhance my financial convenience & hopefully gain some more spending power, not only in LOS, but at very least in countries / regions where I am.

Hedging or investing has it's risks. Even putting yr $$ in the bank oso has some risks, though the risk is very, very low, it doesn't mean totally no risk!!!

My suggestion is outta sharing some strategies 2 other bros here. End up, I tink it got more flames. When u mentioned know-how, I'm thinking, I had oredi said, they can open a bank acct in LOS, maintain the acct with some THB. Do I have 2 mention more details, or give step-by-step instructions, like how & wat documents 2 bring 2 open bank acct, etc? Do I oso have 2 mention, they may "modify" my ideas?

Example, instead of taking tat much $$ at 1 go, they can do something like a Regular Savings Plan, ie. put aside some $$ every month, or do a remittance once every few months, etc? They not only accumulate some savings, but oso with an element of investment in a foreign currency! When they travel to LOS, they dunnit go money changer (whether in SG or LOS) 2 change $$, they can go ATM & withdraw local cash / currency upon arrival in LOS, so convenient!!!

Do typical SGPeans really can't think outta the box, follow instructions / suggestions blindly, step-by-step? If tat's the case, maybe I can do side-line, provide these advice for a fee!!! No wonder SGP's banking & finance industry is short of pple recently, probably due 2 such needs / market demands?

[84gunner]

i changed 22.1 last sunday at one of the money changer in bedok

fren, exchange rates fluctuate everyday, round the clock, from Monday morning New Zealand / East Australia market start trading, until Friday nite US market close trading.

[84gunner]

for business travellers tat can reimburse their expenses & gets per diems, u even make some forex gains indirectly if u maintained some $$ in LOS bank accts!

[chujiarensg]

for business travellers tat can reimburse their expenses & gets per diems, u even make some forex gains indirectly if u maintained some $$ in LOS bank accts!

Hi Bro
Not to be rude but I kinda disagree in the issue of opening an acc. I'm not sure what is the regulation for a foreigner to open a bank account in Thailand but I believe not all thai banks will allow it. Unless you are a big spender in Thailand, else I do not see the need to do so. Also, Unless U put a real huge amount of money (10,20KSGD) into the account 2 to 3 year back, else anyone with a Thai Bank account with 2~3KSGD will still be subjected to the influence of the exchange rate. Anyway, I will not encourage anyone to do so rite now as the Baht is already too high. I rather put my money into the dollar(US)

No Offence. Just my thought:D

[High till Dry]

for business travellers tat can reimburse their expenses & gets per diems, u even make some forex gains indirectly if u maintained some $$ in LOS bank accts!

Bro, seems like u have already settled down in ur new job liao huh?

So free...:D

[ivor]

Hi, currently staying at Suhkumvit Soi 18.
The exchange rate here is average around 21.6 to 21.7.
Seriously, SGD seems to weaken...look at the trending of SGD/THB chart at yahoo.

Well, here to happy...so just wacked...happy can already.

[saintsrsaf]

Update from GM 21.83

[JWNY]

I'm not in the finance industry, so tis is not my profession, I'm oso a layman, haha. Well for a start, I am in the industry and i do it as a profession.

No doubt your intention may be non cynical but your way of "advising" is somewhat flawed. How much can we all benefit from it, as you said it the exchange floats and fluctuate everyday, and if we're talking about the hundreds of S$ it won't burn a hole in any of our pockets.

The purpose of the thread is to look at market movements and the TBH as a whole, not how many som-tams we can buy on our next visit. We have to think outside the box, but the core of the market is directed by fundamentals / derivatives (slightly more technical than what the layman thinks)...not gut feeling

As i had mention, those with TBH convert it to USD...for a profit

JWNY

[saintsrsaf]

Bro Jimmy,
Do you think SGD-THB rate will get higher on october or lower than now?

[JWNY]

Bro Jimmy,
Do you think SGD-THB rate will get higher on october or lower than now? If you are addressing me please get my name right :cool:

Indications suggest that the TBH will in fact gain MORE strength against the SGD...however, please take note of this post below as it is MOST important towards the threads in terms of dollars and SENSE per se

JWNY
Generally, small change in rate will not affect most much when planning for a trip. Put it this way, an increase in 0.1 baht against SGD fetch you an additional 100 baht only if you are changing SGD1000. Well how many bros gonna change SGD1k for a short trip assuming air tickets and hotels already settled in Singapore prior to departure?

Of course when comparing to 2002 when SGD fetch 24 baht and above, we lose in excess of 2k baht base on changing SGD1k compare to now but then again, that is if we knew….

[yinyang]

...Indications suggest that the TBH will in fact gain MORE strength against the SGD...however, please take note of this post below as it is MOST important towards the threads in terms of dollars and SENSE per se
Right on the button for re-post bit. Especially last bit on only if we knew.. reminds me of 1 kweilo bluntly told smart asses on "what ifs".. if only his granny had a prick (oh so gross!):eek:

This is not take away credit for this thread's purpose on THB development for most of us here.. whether for holiday, transfers or whatever. :)

[yinyang]

Some info as to THB's recent escalation.

Capital inflows for 1st week July equalled all of June's.

Some relief in sight (we ikan bilis hope)?? BoT (Bank of Thailand) governor has some measures to ease THB appreciation by loosening forex holding for trade payments. Bangkok Post excerpt today:

BoT eases tight grip on the baht
Surayud maps plan to relax upward pressure
The Bank of Thailand will introduce a package of relaxed capital controls this week to curb the continuing appreciation of the baht, BoT governor Tarisa Watanagase said yesterday. ..includes relaxing regulations that control capital outflow for investment and allowing exporters to hold US dollars for longer, instead of forcing them to hastily sell them and put upward pressure on the baht. ..in line with measures proposed to the government yesterday by Federation of Thai Industries, the Board of Trade of Thailand and the Thai Bankers' Association.

[me|zuo]

21.8 at GM..
:( :eek:

[84gunner]

Hi Bro
Not to be rude but I kinda disagree in the issue of opening an acc. I'm not sure what is the regulation for a foreigner to open a bank account in Thailand but I believe not all thai banks will allow it. Unless you are a big spender in Thailand, else I do not see the need to do so. Also, Unless U put a real huge amount of money (10,20KSGD) into the account 2 to 3 year back, else anyone with a Thai Bank account with 2~3KSGD will still be subjected to the influence of the exchange rate. Anyway, I will not encourage anyone to do so rite now as the Baht is already too high. I rather put my money into the dollar(US)

No Offence. Just my thought:D

If I'm not wrong, anybody can juz go to the bank in LOS wif his passport & open a bank savings acct.

Banks in PRC may be different (financial & monetary control still rather tight), I can't really remember. But besides my payroll acct, I think I opened accts wif several other banks in PRC using my ID document only, several years back.

Banks in HK oso, juz yr passport can open bank acct liao.

Actually, quite good idea oso, can start buying some USD while it is quite low now. But, as far as I see, USD isn't going the upside direction in at least the next few months. There's potential for further downtrend for USD.

[84gunner]

Bro, seems like u have already settled down in ur new job liao huh?

So free...:D

well, have oredi settled down in current job some time back, juz damn busy, until rather frustrated recently, have a little break, so come in here for some "entertainment".

[84gunner]

Well for a start, I am in the industry and i do it as a profession.

No doubt your intention may be non cynical but your way of "advising" is somewhat flawed. How much can we all benefit from it, as you said it the exchange floats and fluctuate everyday, and if we're talking about the hundreds of S$ it won't burn a hole in any of our pockets.

The purpose of the thread is to look at market movements and the TBH as a whole, not how many som-tams we can buy on our next visit. We have to think outside the box, but the core of the market is directed by fundamentals / derivatives (slightly more technical than what the layman thinks)...not gut feeling

As i had mention, those with TBH convert it to USD...for a profit

JWNY

My "advise" may be flawed, becos I'm not a professional!! Otherwise, I'll be much richer!!!

well, to u, u are not bothered by the difference of a few som-tams or khao meng khai or kuay teows, but there are some brudders here lamenting about these differences, whether it's 10 THB or 100 THB or more.

Take profit, convert to USD, then wat u gonna do wif USD? Keep it? Or convert USD to another currency?

[JWNY]

Take profit, convert to USD, then wat u gonna do wif USD? Keep it? Or convert USD to another currency?
For you, you can skip this part...it's very technical

The THB will continue to elevate, with weak domestic demand for the USD. Another factor not brought up properly is the position of BoT. Very confusing signals at times.

JWNY

[High till Dry]

well, have oredi settled down in current job some time back, juz damn busy, until rather frustrated recently, have a little break, so come in here for some "entertainment".

when going back to bkk? I've bought my tickets for aug liao...:D

[justl00king]

Seems like the rates slowly creeping back upwards...any updates? :)

[SmallD]

was in bkk airport this evening. SCB echange rate at 21.81 just for your information

[me|zuo]

Thai PM agrees on measures to weaken baht

BANGKOK : The Thai prime minister on Friday agreed on new measures aimed at curbing the baht's rise, while the central bank governor insisted the country would not return to a fixed exchange rate system.


"My government has a clear stance that we want to stabilise the currency," army-installed Prime Minister Surayud Chulanont said after meeting with top finance officials.


Surayud endorsed a package of measures laid out by his economic team, including Finance Minister Chalongphob Sussangkarn and Bank of Thailand governor Tarisa Watanagase.


Industry Minister Kosit Panpiemras said the cabinet was expected to formally approve the measures on Tuesday in hopes of weakening the baht.


Under the new rules, Thai firms will be allowed to keep foreign currency revenues for a longer period while also being encouraged to use dollars to pay down their debts.


Ordinary Thais would also be allowed to open US dollar-denominated bank accounts with deposits worth up to 100,000 dollars, Kosit said.


"The currency situation is improving as the baht is softening," Chalongphob insisted.


The baht was quoted at 33.62-66 to the US dollar in afternoon trade Friday, down from Thursday's close of 33.50-51.


Tarisa said the central bank was doing its utmost in an effort to halt the rising baht, which has remained at 10-year highs against the dollar, but stressed that Thailand would not go back to a pegged currency system.


"We cannot do things that are extreme such as (returning to) a currency peg system. We have to be moderate," she told reporters.


Thailand maintained a fixed exchange rate until 1997, when the currency came under speculative attack and the central bank exhausted its foreign reserves trying to defend it.


The decision to finally float the baht sparked the Asian financial crisis, sinking economies around the region.


A rising baht has alarmed the government as it puts pressure on exports, the key driver of the economy.


The strong baht makes Thai goods less competitive abroad and cuts the value of repatriated profits.

from CNA
:o :p

[demon83]

22.05 ...went GM in the evening...

[High till Dry]

was in bkk airport this evening. SCB echange rate at 21.81 just for your information

wah bro,quiet quiet go bkk cheong alone huh? :D

let me know if there is any nice place to vist.

am going there to visit my tirak in a month's time...

[KatoeyLover69]

Report from Bangkok Post dated Sunday 22 July 2007 :-

Business wants a 35.5 baht

A recent poll has found most businesspersons want the baht currency be kept from rising any higher than 35.50 baht per US dollar, that the government promptly reimburse cash out of a 5 billion baht fund for Small- and Medium-Enterprise (SME) projects and that a general election as soon as possible.

According to a poll recently conducted by the Thai Chamber of Commerce University of 808 businesspersons, most respondents preferred that the baht, which they worried would even further strengthen to 32.50 baht per dollar in the near future, be contained from rising beyond the level of 35 baht per dollar, otherwise their businesses, especially those involving the export industry, would be immensely damaged.

Most respondents suggested the government promptly repay foreign debts and cut interest rates by 0.25 per cent to one per cent, compared to the current rates of 6.5 to 7 per cent, so that more liquidity would be flowing from banks to small- and medium-sized enterprises nationwide.

The government was also advised to promptly reimburse cash out of its Bt5 billion fund earmarked to reinvigorate the economy and provide financial support for varied SME projects, according to the poll.

The respondents suggested that the diesel price be maintained at 28 baht a litre and believed the national economic growth would reach 3.5 to 4.5 per cent throughout this year.

The domestic consumption and investment projects would remain sluggish until the political situation has unfolded, with a general election expected by the end of the year, according to the respondents.

However, 56 per cent of the respondents said they had no plans to lay off their employees as feared though they had been considerably affected by the rising baht.
--- KatoeyNewsNetwork

[forumer]

saw from xe.com that the exchange rate is around 19.8 baht to 1 singapore dollar..

wondering how come the money changers/banks can give us better rates than that...

[yinyang]

saw from xe.com that the exchange rate is around 19.8 baht to 1 singapore dollar.. wondering how come the money changers/banks can give us better rates than that...
This only mid-market rate. Or some average of selling/buying rate. Not actual selling or buying rate. Also USD base (double conversion). See usd only <29++? So do not be misled.

Hope this helps. :p

[Devil73]

saw from xe.com that the exchange rate is around 19.8 baht to 1 singapore dollar..



From xe.com not very zun....I've just checked the rate is around 21.98 from asiaone exchange. I think we go there thailand change maybe will be higher coz all the exchange rate from net will be lower following banks rate.

[84gunner]

when going back to bkk? I've bought my tickets for aug liao...:D

dun tink I'm able 2 go BKK in aug. Anyway, PRC oso got lotsa fun, yet cheaper!!!

[High till Dry]

dun tink I'm able 2 go BKK in aug. Anyway, PRC oso got lotsa fun, yet cheaper!!!

then i gotta saved up and look for u soon...:p :D

[forumer]

This only mid-market rate. Or some average of selling/buying rate. Not actual selling or buying rate. Also USD base (double conversion). See usd only <29++? So do not be misled.

Hope this helps. :p

thanks for the info...

any other websites with more "accurate" rates to the ones at money changers?

[High till Dry]

thanks for the info...

any other websites with more "accurate" rates to the ones at money changers?

Alternatively u can visit the website of banks in BKK which gives you the actual rates there.

For example Siam Commercial Bank or Bangkok Bank.

Cheers!!

[justl00king]

Alternatively u can visit the website of banks in BKK which gives you the actual rates there.

For example Siam Commercial Bank or Bangkok Bank.

Cheers!!Today's rates form Bangkok bank. :)

SGD Singapore 21.96

[High till Dry]

Today's rates form Bangkok bank. :)

SGD Singapore 21.96

thanks Bro. Was kinda lazy to attach the link here.

Hope in the next 30 days the rate will shoot up to 23 baht. Am I dreaming of wat? :D

[yinyang]

..Hope in the next 30 days the rate will shoot up to 23 baht. Am I dreaming of wat?
Bro, we all live on HOPE:p Chok dee krap:D

[High till Dry]

Bro, we all live on HOPE Chok dee krap:D

ya. in this stressful world, it's HOPE that will keeps us alive...:p

[84gunner]

then i gotta saved up and look for u soon...:p :D

ok....juz lemme know when & which part of PRC u coming, then I can oso plan & make some arrangements

[SmallD]

wah bro,quiet quiet go bkk cheong alone huh? :D

let me know if there is any nice place to vist.

am going there to visit my tirak in a month's time...

Bro, i was transiting in BKK airport. didnt even step out of the airport.

if i go cheong bkk i sure jio u dun worried

[justl00king]

Hope in the next 30 days the rate will shoot up to 23 baht. Am I dreaming of wat? :DWhy 30 days? Going BKK to see tirak soon? :D

[justl00king]

Bro, we all live on HOPE Chok dee krap:DHi bro!

Lets all hope that it will go back up to 23!!! :D

[justl00king]

[QUOTE=High till Dry;2162802]ya. in this stressful world,


Agreed..that's why every month gotta go there to release. :p

[High till Dry]

ok....juz lemme know when & which part of PRC u coming, then I can oso plan & make some arrangements

Sure. I'll let u know again cos I've got BKK commitment...

Bro, i was transiting in BKK airport. didnt even step out of the airport.

if i go cheong bkk i sure jio u dun worried

I hardly can cheong in bkk liao. OC is 24/7 watching over me...:(

Why 30 days? Going BKK to see tirak soon?

Already booked my tickets. Counting down...



Agreed..that's why every month gotta go there to release

Dun have so much leave and finance Bro...:o

[justl00king]

Dun have so much leave and finance Bro...:oCan go weekend bro no need take leave? :)

[High till Dry]

Can go weekend bro no need take leave? :)

for me at least i'll like to go there for 3 nites.

anyway need to clear my debts 1st before i can go there more regularly.

currently going there once every 2-3 months...

[Nismo_boy]

Went to Golden Mile yesterday evening to change Thai baht. The rate was 22.06.

[justl00king]

for me at least i'll like to go there for 3 nites.

anyway need to clear my debts 1st before i can go there more regularly.

currently going there once every 2-3 months...Depart Friday evening last flight and Return Monday first flight. Then you will have Friday, Saturday and Sunday night to party.:)

Works for me! :D

[justl00king]

Double post deleted.

[SmallD]

Yesterday evening GM 22.10

[High till Dry]

Yesterday evening GM 22.10

wah, finally back to 22 :D

[thaiboy]

Yesterday evening GM 22.10

bkk have better rate 22.30

[ChaYen]

I'm just eagerly hoping that either happens:

Rates go up to >25, or another recession... :D

[JWNY]

I'm just eagerly hoping that either happens:

Rates go up to >25, or another recession... :D It will be a long process, new goverment, new legislation...less coups ;)

JWNY

[yinyang]

..long process, new goverment, new legislation ...less coups
...eagerly hoping that either happens. Rates go up to >25, or another recession...
Sorry to pop the balloon... if 23, the very tau cheo liao. Never mind 24, 25. Maybe we pull our resources to get JWNY to do a Soros. Nah, maybe not as lose our trousers in the process:p Not doubting his prowess, as he may switch sides with his multi billion hoard THB :p