Buy Thai baht now or better wait?

If it's not urgent to buy ThB, it's best to just wait. Example: last January I went to exchange Eur 1000 in Paragon, and got ThB 37200. Today more than ThB 2k less. You won't hear me grieving: I also experienced the time when the ThB did more than 45 (even approached 50 or more). Around 2007 we bought our first property at an average price of ThB 49.

It is more convenient to work the other way around now: for ThB 35K you now get Eur 1000. At the beginning of the year you needed ThB 37,2K for that. Bangkok Bank, among others, cooperates beautifully with TH/NL transfers.

So you see: it is not possible to give an unequivocal answer to Appel300's question, because it depends on where you are at what time, and in what financial circumstances you find yourself. Play it smart and take advantage of opportunities as they arise, (as the opportunity allows.)

One thing is clear: TH is pricing itself out of the market. Not only economically because of the much too expensive Baht, also because of the increasingly manifest political and latent social conflicts. There comes a time when TH all this comes at a cost. It is time for the country to embark on a solid democratic path. Also that the Euro will eventually return to ThB 40.

As mentioned a few weeks ago: the economy in Thailand is not doing very well at all. The first signs are being felt in the automotive industry, where significant reductions/cutbacks are being made in production and personnel. The question remains how long the Baht will continue to be so high...tourism is also suffering...and not even a little bit. Perhaps after the rice harvest it will turn out that people cannot sell it because it is too expensive. I don't have a crystal ball either...but I believe that things cannot continue like this. Moreover, it has been in the air for years and it increasingly appears that the global economy is aiming for parity of the Euro with the Dollar. This means that the Euro will continue to deteriorate... until proportionality with the dollar rate is achieved. It looks like even if the Baht makes a correction, it will remain disadvantageous in the long term as long as the Euro continues to fall... Conclusion: if the Baht makes a correction, buy... because the Euro continues to deteriorate.

My opinion is that the thai bath is artificially high ge
being kept. And that can't go well for much longer.
And that it will fall soon and hard, I certainly expect.

The THB has been pegged to the US$ for a VERY LONG time. Formerly 1 US$ = 25 THB by law, in the Tom Yam crisis it collapsed to even 57 per TBH (see https://theculturetrip.com/asia/thailand/articles/understanding-thailand-better-the-tum-yum-kung-crisis/ ), and after a very long time between 34,5 and 31,5 (with some small outliers) see https://www.xe.com/currencycharts/?from=USD&to=THB&view=10Y of https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/usd/USD-to-THB.
The fact that the Europeans cannot get an equal fiscal block with their eternal squabbling, and now that the Italians, for example, again do not care one bit about the agreements, means, among other things, that their currency, the €uro, remains low compared to the other major = US$. 3/4 or more of the world's trade is in $, so the Thais prefer their currency = cost price as close as possible to that "selling" currency, despite the EU being the largest economic bloc in the world. Hardly anyone cares what Europeans think of it.
And a national bank, which influences the exchange rate? ? In the mid 80s, Reaganomics made the $ stronger and stronger. The Bundesbank thought it would intervene with DM 3 BILLION at $ 1 = DM 3. Within a few hours, that pot had evaporated. Or like when my UvA lecturers said international exchange rates: “$1000 trillion is circulated per DAY. Did people in Bonn really think they could do something about that? For the exchange rate of the US$ you have to go to the Faculty of Psychology, NOT that of Economics”.
Dragi succeeded a while ago: “to defend the value of the Euro by all means. and believe me, that will be enough”. With a budget of € 750 billion, 10 times more if Merkel and Hollande dared to bet on it.
also see https://www.thailandblog.nl/lezersvraag/waar-om-daalt-de-koers-van-de-thaise-baht-zo-snel/

I have a friend who invests 9 billion for a pension fund. Of course not alone, but with a team. He told me that based on economic analysis, the baht is the most overvalued currency in the world. He also goes on holiday in Thailand, but that aside. So the advice is to exchange what you really need at the moment. A major correction is coming. The baht should be 38.5 – 40 against the Euro. If you would if I still have some baht lying around at the former rate of 49 from first use up or exchange Euros as suggested earlier.

Do you want to go for certainty? To buy!
Do you want to gamble? To wait!
It's that simple.

The height of the Baht is caused by the weakness of the Euro.
The expensive Baht is bad for Thailand's export position, think of the rice that they now have to sell expensively abroad.
The Euro interest is so low that it is wiser to hold other currencies.
This interest rate is dictated by the ECB, headed by the Italian Draghi.

prof. Dr. van Duijn called him a “total idiot”, see the interview in Weltschmerz (You tube). Low interest rates are good for the Southern countries but bad for the Northern ones. Our pensions may be cut, it is bad for our economy and of course also for you as a Dutch or Flemish person abroad.
Should the Euro fail and there will be a “Neuro” (read for the Northern countries) then you will certainly get more than 50 baht for your hard-earned Neuro.

Fortunately, Draghi will leave in October. he may be succeeded by a Northern economist.

People, then I would say… buy Bitcoin and hold on… in January 2017 you got 1000 dollars for a bitcoin, at the end of 2017 even 20.000 dollars and now you get (it is actually quite low) 9000 dollars for it, so 900% profit compared to January 2017.
Forecast: in a few years you will receive 40.000 dollars for a bitcoin (you can also buy parts)…
I have made more than 50% profit in the last three months…
Why then am I worried about the few % difference between Euro and Thai baht?

Don't take my advice too seriously. I know that the price differences with Bitcoin are huge. But what I do want to point out:
The Euro, Baht, Dollar and many other currencies have fallen dramatically in the past decade. In some cases you look at half the value there. In ten years.
Bitcoin was worth a few euros ten years ago. For 20 Bitcoin you could just buy one pizza. Had that man known then that these 20 Bitcoin would now be worth $180.000? Just sayin.