jon46 Posted December 16, 2014 Report Share Posted December 16, 2014 Does anyone know the reason why the Thai Baht has remained so stable this year against the strong US dollar? Due to sharp decline of crude oil prices, which is largely in US $, the US $ has gained against most currencies but not as much with the Thai baht vis a vis other Asian currencies and the Aussie $. Link to comment Share on other sites More sharing options...
Coss Posted December 16, 2014 Report Share Posted December 16, 2014 After years of perturbation on the stability of the Baht, I've come to one conclusion that seems to explain the stability and also encompass the explanations I've seen, from experts and the lay alike. When the deck chairs get reshuffled in the event that we dare not speak of, the Baht will not be so strongly underpinned and volatility will be the order of the day. Link to comment Share on other sites More sharing options...
yfs Posted December 17, 2014 Report Share Posted December 17, 2014 I like your answer. I would have just said the Thai banks were manipulating the Baht. Link to comment Share on other sites More sharing options...
cavanami Posted December 17, 2014 Report Share Posted December 17, 2014 Check the SET in Thailand. If investment money is flowing in to Thailand, the SET is high and the Baht is strong. The SET is about 1460, not high, not low, so the investments going in to Thailand are not that strong. With worldwide oil prices low and gold prices under 1200, this makes the US dollar stronger. Link to comment Share on other sites More sharing options...
Guest Posted December 17, 2014 Report Share Posted December 17, 2014 Is it a good idea to buy gold whilst prices are low ? Link to comment Share on other sites More sharing options...
Coss Posted December 17, 2014 Report Share Posted December 17, 2014 No, I bought when it was on the way up and it promptly crashed, remaining to this day, well below my buy price. The reason the oil price is falling, is that I bought when it was over 100 a barrel, it's been falling ever since. I've sent a letter to Apple offering to refrain from investing in their company if they give me a new iPhone... 1 Link to comment Share on other sites More sharing options...
cavanami Posted December 18, 2014 Report Share Posted December 18, 2014 Coss, Good to see another proud member of the Cavanami School of Economics! Link to comment Share on other sites More sharing options...
Flashermac Posted December 18, 2014 Report Share Posted December 18, 2014 Coss, Good to see another proud member of the Cavanami School of Economics! Buy high, sell low ... Link to comment Share on other sites More sharing options...
jitagawn Posted December 18, 2014 Report Share Posted December 18, 2014 IMHO Gold is not" a trade" . It can be held outside of governmental control Also bear in mind there is no counter party risk. Tangible highly fungible wealth Those paper Fed promises or hard money.??? No contest Been in Asia too long I like a % of cash in AU Link to comment Share on other sites More sharing options...
Dexi Posted December 20, 2014 Report Share Posted December 20, 2014 low oil price should be good for the Thai economy,as a net importer,hence the strong baht,maybe... Link to comment Share on other sites More sharing options...
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