EricTh Posted May 15, 2019 Share Posted May 15, 2019 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. Link to comment Share on other sites More sharing options...
moe666 Posted May 15, 2019 Share Posted May 15, 2019 If you are a US tax payer talk to Trump his new tariffs have caused the dollar to fall Link to comment Share on other sites More sharing options...
donnacha Posted May 15, 2019 Share Posted May 15, 2019 25 minutes ago, moe666 said: If you are a US tax payer talk to Trump his new tariffs have caused the dollar to fall Terrific idea. Do you have his phone number? Link to comment Share on other sites More sharing options...
NightSky Posted May 15, 2019 Share Posted May 15, 2019 1 hour ago, donnacha said: Terrific idea. Do you have his phone number? Here you go.. http://time.com/3983939/donald-trump-gawker-cell-phone/ ..be a sport and do let us know what he says would you. Link to comment Share on other sites More sharing options...
EricTh Posted May 15, 2019 Author Share Posted May 15, 2019 52 minutes ago, NightSky said: Here you go.. http://time.com/3983939/donald-trump-gawker-cell-phone/ ..be a sport and do let us know what he says would you. 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'. Link to comment Share on other sites More sharing options...
MikeN Posted May 15, 2019 Share Posted May 15, 2019 2 hours ago, donnacha said: Terrific idea. Do you have his phone number? Try twitter ..... isn’t that his preferred form of communication? Link to comment Share on other sites More sharing options...
sanemax Posted May 15, 2019 Share Posted May 15, 2019 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 Link to comment Share on other sites More sharing options...
KittenKong Posted May 15, 2019 Share Posted May 15, 2019 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? Link to comment Share on other sites More sharing options...
bomber Posted May 15, 2019 Share Posted May 15, 2019 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 ???????? Link to comment Share on other sites More sharing options...
mshs Posted May 15, 2019 Share Posted May 15, 2019 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. Link to comment Share on other sites More sharing options...
Berkshire Posted May 16, 2019 Share Posted May 16, 2019 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. Link to comment Share on other sites More sharing options...
davidst01 Posted May 16, 2019 Share Posted May 16, 2019 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 Link to comment Share on other sites More sharing options...
sammieuk1 Posted May 16, 2019 Share Posted May 16, 2019 It's bad news for retirees and students alike. There is no other type of news here other than bad???? Link to comment Share on other sites More sharing options...
makecoldplayhistory Posted May 16, 2019 Share Posted May 16, 2019 It's not bad news if you're earning baht. Pretty good, really. Link to comment Share on other sites More sharing options...
rickb Posted May 16, 2019 Share Posted May 16, 2019 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. Link to comment Share on other sites More sharing options...
NightSky Posted May 16, 2019 Share Posted May 16, 2019 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? Link to comment Share on other sites More sharing options...
dotpoom Posted May 16, 2019 Share Posted May 16, 2019 14 hours ago, NightSky said: Here you go.. http://time.com/3983939/donald-trump-gawker-cell-phone/ ..be a sport and do let us know what he says would you. Can tell you now..... "Let's see what happens....it'll be beautiful....and everybody knows it". Link to comment Share on other sites More sharing options...
soalbundy Posted May 16, 2019 Share Posted May 16, 2019 It's like electric street lamps, it's a fad that won't last long. Link to comment Share on other sites More sharing options...
Ireland32 Posted May 16, 2019 Share Posted May 16, 2019 15 hours ago, NightSky said: Here you go.. http://time.com/3983939/donald-trump-gawker-cell-phone/ ..be a sport and do let us know what he says would you. I can tell you right , Now his answer will be Duhhhhhh, he hasn’t a clue , what he’s doing Link to comment Share on other sites More sharing options...
geoffbezoz Posted May 16, 2019 Share Posted May 16, 2019 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 !! Link to comment Share on other sites More sharing options...
jmccarty Posted May 16, 2019 Share Posted May 16, 2019 From mid-2010 to end of 2013 it was stronger! Link to comment Share on other sites More sharing options...
Srikcir Posted May 16, 2019 Share Posted May 16, 2019 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 Link to comment Share on other sites More sharing options...
Lacessit Posted May 16, 2019 Share Posted May 16, 2019 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. Link to comment Share on other sites More sharing options...
jesimps Posted May 16, 2019 Share Posted May 16, 2019 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. Link to comment Share on other sites More sharing options...
jesimps Posted May 16, 2019 Share Posted May 16, 2019 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! Link to comment Share on other sites More sharing options...
Kurtf Posted May 16, 2019 Share Posted May 16, 2019 Good. That means the dollar is sinking and gold is going up. ???? Link to comment Share on other sites More sharing options...
TPI Posted May 16, 2019 Share Posted May 16, 2019 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?? Link to comment Share on other sites More sharing options...
bomber Posted May 16, 2019 Share Posted May 16, 2019 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. Link to comment Share on other sites More sharing options...
EricTh Posted May 16, 2019 Author Share Posted May 16, 2019 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 Link to comment Share on other sites More sharing options...
EricTh Posted May 16, 2019 Author Share Posted May 16, 2019 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? Link to comment Share on other sites More sharing options...
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