News Forum - Thai baht rises as officials consider resumption of Test & Go

[Thaiger]

Thailand saw strength in its currency “baht” today as expectations are high for the relaxing of quarantine for vaccinated visitors under “Test & Go” quarantine exemption scheme. Registration for the entry scheme was closed last month, but the Public Health Ministry is proposing the scheme be reopened again. The Public Health Minister says that if approved by the Centre for Covid-19 Situation Administration, the registration for the scheme can resume on February 1. Treasuries surged throughout the curve during Asia hours as investors braced for a more hawkish Federal Reserve, with two-year rates, which mirror short-term rate forecasts, crossing 1% […]

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[Jason]

This could change in the twinkling of an eye..... speculators might benefit....

[Prosaap]

Had problems for 2 year and the bath just move a little now a rumor and the bath go up i not get it everything is borrowed here lots can not pay back not much new money come in how this can be 

[Poolie]

The baht is a 'safe' currency. It doesn't matter if it comes in or not. It's held offshore.

[riclag]

Sorry! Test and Go is all about a Thai govt revenue rape scheme  imop!

I don’t support anybody (tourists) who uses it ! I hope tourists go to other vacation spots ,where there aren’t restrictions ,especially the Covid Insurance.As long as travelers use this scheme ,it gives these crooks here incentive to keep it forever.

If they come and get caught up in a forced Q room, som nam na!

 

[Rain]

2 hours ago, Poolie said:

The baht is a 'safe' currency. It doesn't matter if it comes in or not. It's held offshore.

Yeah. And any such entry programs have little to do with the speculation and fluctuation of the Baht. 

That's not how it works. 

[harry1]

no doubt george soros having a field day with this government

[Eric]

Sorry, but the  relative value of currencies have a significant impact on tourism. 
it is well known that currency appreciation can cause travel and spending to stagnate. 
A weaker currency on the others hand is attracting people from around the world. 
Having a Thai Baht upward give more per USD or dollar 

For Foreigners coming to Thailand or retired they definitely prefer to receive 35.00 THB per USD instead of 30.00 Having the THB going down from nearly 34.00 down to 30.00 will not help ! 

Hope this make sense 

Eric