Baht is rising fast

[BestB 9,519]

19 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

Were you not the one crying about paying 100 baht for a beer in a gogo bar not too long ago?

[theboogeyman 45]

Were you not the one crying about paying 100 baht for a beer in a gogo bar not too long ago?[emoji848]

WHAT!!! Who paid 100 baht for a beer in a go go bar? I believe go go bars are mostly just in Bangkok. I pay less than 100 baht for my favorite kinds of imported beer here in Korat. 120 baht max depending on the restaurant if it’s Corona, Guinness, and a few other kinds. 80 baht for a Beer Lao if I remember right. Although there is one fancier place that I remember was charging 200 baht just for a Corona I don’t know if that’s still the same because we haven’t been back there for a while. Right now I’m down with the flu or influenza so I don’t even want to think about anything else except water.


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[david555 2,106]

1 hour ago, Mavideol said:

thanks, told that to my wife (she's a gold investor freak) and she didn't believe me

in 2009 I paid 13800 baht for a 1 baht gold chain , today price for 1 baht gold is 19400 baht, show me your wife is  not right ,... explain me ? 

I think more you try to deceive her , so you don't have to buy more for her ….

Edited May 16 by david555

[Captain 776 527]

23 hours ago, moe666 said:

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

This set my B S meter into the RED zone.

The highest the Stock Market has been in HISTORY.......not in the 2 yrs of his Presidency.......in HISTORY.

Highest other economic and employment numbers in 50 yrs.

 

I am sure your home country is significantly worse.

Edited May 16 by Captain 776
Addition

[Captain 776 527]

31.58 right now against USD.........EXPLAIN how that relates to rising fast

[theboogeyman 45]

31.58 right now against USD.........EXPLAIN how that relates to rising fast

Well that’s actually the point it’s not actually rising fast. The baht ranks 20th in all of Asia lol.


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[theboogeyman 45]

31.58 right now against USD.........EXPLAIN how that relates to rising fast

In fact it hasn’t really budged in the last few years at all except to decline a little bit once in a while. Bottom line the OP is wrong period. I just didn’t want to be so blunt about it.


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[theboogeyman 45]

It’s actually staying about the same and it declines a little bit once in a while honestly no the baht isn’t rising fast in fact it’s not really going anywhere. It’s risen a little bit over the last 10 years I guess you could say that lol.


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[JaiLai 1,746]

8 hours ago, makecoldplayhistory said:

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

only good if you're moving it out the country.

[sandrabbit 1,249]

what none of you have mentioned is about how much the elite make from a strong baht sending money abroad, car companies etc are complaining but have you seen the central bank trying to control the rate? 

it's deliberate, imagine how much money the rich elite are making transferring abroad for the future?

Edited May 16 by sandrabbit

[ericthai 1,057]

17 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.

Those were the days!

[Lancelot01 88]

18 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.

Hedge your bets?

[Naam 14,089]

5 hours ago, Mavideol said:

thanks, told that to my wife (she's a gold investor freak) and she didn't believe me

why should she believe you? our wives know <deleted> everything better than we do.

[jmd8800 594]

On 5/15/2019 at 10:01 PM, donnacha said:

Terrific idea. Do you have his phone number?

You might be able to catch him at a McDonald's Drive Thru

[Naam 14,089]

46 minutes ago, sandrabbit said:

what none of you have mentioned is about how much the elite make from a strong baht sending money abroad, car companies etc are complaining but have you seen the central bank trying to control the rate? 

it's deliberate, imagine how much money the rich elite are making transferring abroad for the future?

your insight seems to indicate that you belong to this elite. or are you just rehashing barstool fairytales heard from envious poor Farangs?