฿aht gains as the dollar$ deflate

Wonder what tomorrow will bring

U.S. Federal Reserve expected to raise rates at their July 26 meeting! Will it influence the exchange rate ? สกลนคร Sakon Nakhon

Thai Baht weakening

Media opinion seems to indicate that there will be a Thai interest increase. 

More certain is another US interest increase at the upcoming meeting on July 26-27

Graph: June-July. (source BOT)

19 July             EURO 36.5976.                U.S. $ 36.4274

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Bank Transfer US$ to Thai฿ :: June

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The reason the US fared worse? In two words - high demand.

BBC News By Natalie Sherman Business reporter, New York

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Bank Transfer US$ to Thai฿ May 2022

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$ £ € vs ฿

  UK £ +EU €

Baht expected to further weaken

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Bank Transfer US $ to Thai ฿ April 2022

Analysts claim that the baht may remain weak for a time

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Bank Transfer US $ to Thai ฿ March 2022

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February Thai Baht

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2022 Bank transfer US$ to

Baht daily gains through February

Second chart January & February

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January 2022 Bank transfer US$ to Thai ฿

Added December in the second chart

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December US$ to THB

Added the beginning of the year in the second chart to show the baht gains aren't that drastic

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Sign of the times

It was always a bit of a joke to me: 

Half of the Thai population is doing the cooking, while the other half is deciding where to eat next.

During better times that was not a problem. 

These days more restaurants and street food stands have popped up as other employment becomes sparse.

There are some families who had their food carts collects spider webs, but they kept them close by in case of unemployment.  

Many of these carts show up at fairs, more frequently they are on many sidewalks

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US$ to Thai ฿ exchange rate

For a different perspective 

I added the 'first bank day of this year: January 4, 2021' 

in the second chart

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US$ to Thai Baht bank transfer rate

First banking day of each month and November daily  สกลนคร Sakon Nakhon

Bank Transfer rate Dollar to Baht October 2021

 Added the first banking day of 2021 as a better perspective in the second chart

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Expect shortages

Shopping yesterday noticed certain imported products either out of stock or low supply. 

Considering the world situation expect shortages for a while, and rising prices สกลนคร Sakon Nakhon

2021 Travel Prices rising - - - - - - - - - - - - Transportation and Air Fares UP

The highest oil and gasoline prices since 2014 CNN