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Baht is rising fast


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The Baht is the strongest Asian currency this year as reported by Bangkok Post today.

 

It's bad news for retirees and students alike. 

 

Baht is also stronger against Chinese currency meaning Chinese tourists number will drop too.

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2 hours ago, donnacha said:


Terrific idea. Do you have his phone number?

Try twitter ..... isn’t that his preferred form of communication?

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Well done  to the Thai Nation , it people and  its economy , they all worked hard to make the Baht a strong currency .

  All the"not doing to well* Westerners who want to live like kings on a small income  will have to move to Pakistan or Turkey or somewhere  else

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Just now, sanemax said:

Well done  to the Thai Nation , it people and  its economy , they all worked hard to make the Baht a strong currency .

I wonder how strong it would be without tourism?

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1 hour ago, sanemax said:

Well done  to the Thai Nation , it people and  its economy , they all worked hard to make the Baht a strong currency .

  All the"not doing to well* Westerners who want to live like kings on a small income  will have to move to Pakistan or Turkey or somewhere  else

you forgot to mention brexit,it would still be near enough 50 now its heading for a 20-25 year low of less than 40,maybe those Brits should work a bit harder 😆😭

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It's been rising since the floods of 2011.

 

- Nature attempts to claim back the farmlands bringing silt and gooey-glop to the auto-plants.  Royal Thai govt. extends tax-holiday and other subsidies in an effort to restart the auto-plants.

- At about the same time, Kiwi dollar commences it's lower-rates cycle. (Currently, Kiwi rates on par with Aussie and lower than Looney and the Greenback.)

 

In response to the above 2, Japanese money-centers switch from +Kiwi /-Yen to +THB/-JPY.

A strengthening THB attracts the weaker Euros, Brexiters into Thai "property" or THB strengthening the THB further.

 

Looks like the THB is very tightly wound.  And could stay wound for a very long time, perhaps a decade from here.

Or it could unwind tomorrow, suddenly like it did in 1997 when lacking foreign reserves to support the peg (25 to the dollar), the THB was floated, bringing Hedge-Funds into the picture, driving down the THB to 56 to the dollar in 6 months.

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12 hours ago, moe666 said:

If you are a US tax payer talk to Trump his new tariffs have caused the dollar to fall

Yeah, Trump ain't helping.  The dollar would have gotten a boost if the Feds had raised interest rates.  But because Trump was squawking about lowering rates, the Feds sat on their hands and did nothing.  Freakin Trump.

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8 hours ago, mshs said:

It's been rising since the floods of 2011.

 

- Nature attempts to claim back the farmlands bringing silt and gooey-glop to the auto-plants.  Royal Thai govt. extends tax-holiday and other subsidies in an effort to restart the auto-plants.

- At about the same time, Kiwi dollar commences it's lower-rates cycle. (Currently, Kiwi rates on par with Aussie and lower than Looney and the Greenback.)

 

In response to the above 2, Japanese money-centers switch from +Kiwi /-Yen to +THB/-JPY.

A strengthening THB attracts the weaker Euros, Brexiters into Thai "property" or THB strengthening the THB further.

 

Looks like the THB is very tightly wound.  And could stay wound for a very long time, perhaps a decade from here.

Or it could unwind tomorrow, suddenly like it did in 1997 when lacking foreign reserves to support the peg (25 to the dollar), the THB was floated, bringing Hedge-Funds into the picture, driving down the THB to 56 to the dollar in 6 months.

Im unsure and thus asking.... if its rising does it mean its good for me if Im intending to convert some baht to euro and english pounds cash??

thanks

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27 minutes ago, davidst01 said:

Im unsure and thus asking.... if its rising does it mean its good for me if Im intending to convert some baht to euro and english pounds cash??

thanks

Yes, a stronger baht will result in you getting more Euros or Pounds when you convert Thai Baht, but really not that much of a difference unless you're converting a large amount.

 

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13 hours ago, EricTh said:

 

Do you honestly think that he will pick up the phone?

 

Most probably, it is a recording that says 'vote for me in the next election'.

 

 

 

To be this smart your surname must surely end in 'lock'?

 

And begin with...

 

Sherrrr....?

 

Does it?

 

 

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53 minutes ago, makecoldplayhistory said:

It's not bad news if you're earning baht. Pretty good, really. 

Or for the Elite who are stealing it from the nation and sending it to save havens abroad !!

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17 hours ago, donnacha said:


Terrific idea. Do you have his phone number?

You have to go through his senior advisor:

phone  8 (800) 200 4040. You can also use 04040 for SMS and MMS messages.

http://en.kremlin.ru/events/president/news/54790

 

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It's good news for those of us who have substantial deposits in Thai banks, when we move to other SE Asian countries in response to the mandatory health insurance

( projected ). My 800K deposit was brought in when the AUD was getting 30 baht.

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14 hours ago, bomber said:

you forgot to mention brexit,it would still be near enough 50 now its heading for a 20-25 year low of less than 40,maybe those Brits should work a bit harder 😆😭

It has nothing to do with how hard Brits work and everything to do with Westminster arsing about with Brexit. If we'd got on with it straight away it would've been sorted by now. The money markets hate indecision.

 

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2 hours ago, sammieuk1 said:

It's bad news for retirees and students alike.

 

There is no other type of news here other than bad🤔

it's been bad news here since I stepped off the plane in 2007!

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16 hours ago, sanemax said:

Well done  to the Thai Nation , it people and  its economy , they all worked hard to make the Baht a strong currency .

  All the"not doing to well* Westerners who want to live like kings on a small income  will have to move to Pakistan or Turkey or somewhere  else

"they all worked hard to make the Baht a strong currency" did you read that after you wrote it? Oh, I get it, it's satire, right??

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41 minutes ago, jesimps said:

It has nothing to do with how hard Brits work and everything to do with Westminster arsing about with Brexit. If we'd got on with it straight away it would've been sorted by now. The money markets hate indecision.

 

The money markets hate brexit did you turn a blind eye to the 10 - 12% drop after the vote...i await your reply of coincidence and short term blip.

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1 hour ago, Lacessit said:

It's good news for those of us who have substantial deposits in Thai banks, when we move to other SE Asian countries in response to the mandatory health insurance

( projected ). My 800K deposit was brought in when the AUD was getting 30 baht.

 

Now, 1 AUD can only get you 21 baht

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57 minutes ago, jesimps said:

it's been bad news here since I stepped off the plane in 2007!

Wow! You have been staying in Thailand for 12 years.  That's a long time.

 

With the changes in visa requirement and stronger baht, are you thinking of moving to another country?

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