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World-beating currency gives Thailand major economic headache

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6 hours ago, ChrisY1 said:

Sphincters must be twitching in the finance department....devalue it and risk a crash....keep it high and risk falling business.

But never fear, Thailand has the Prayuth the Great to solve all such simple economic woes with a wave of the hand...!

Can not be devalued ,it has a world currency value they would be cheating on other counties if it was artificially lowered.

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6 hours ago, Teee said:

I gave up on Thailand last year after 2 years.

Bangkok so expensive...and when i came back end of the year for 2 weeks then a month in April...WOW!!! cheaper to live at home in the UK. Well not unless you eat filthy polluted food of the street.

Even condos are getting expensive to rent...to live in comparison as home min 35000bht...hey same rental as UK.

My ex gf who i lived with paid 10000bht a month for a small 35sq foot.

Toooo small. Cheap...but not what i moved to Thailand for to lower my living standards

No disrespect to all you old expats...why would you want to live Bkk?

Maybe easier to pick up a young asian buy her meal drinks and get your leg over?

For you over 65s thats cool for you...till your money runs out which the way the currency is now will get worse before in a couple of years maybe recovers.

My ex (fillapino) kept having a go at me saying i was counting (watching) my money too much. Considering we used to go beach every 3rd weekend if she was not working and trips to Cambodia (great place and cheap) Vietnam Malaysia and brought her to the UK to meet my family and see her family...i would tell her....if you dont count your money then eventually you run out.

She does not understand that money dont grow on trees ha ha

 

 

 

Chiang Mai still seems to be a great bargain in a much better city. I checked rentals a few weeks ago; there are still plenty of apartment for 7 to 10K baht that are adequate for westerners.

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5 hours ago, soalbundy said:

Actually there are hedge funds who even now recommend dumping American stocks and buy Chinese stocks in a big way.

As Dr, Grant said repeatedly in Jurassic Park III, "That's a very bad idea!"

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In your gut, you know it’s the hot money inflows at Bank of Thailand.  We know China’s overextended with Belt & Road, a military buildup, trade wars and now a currency problem.  Hot money has to come from somewhere.  It’s not coming from USA, Europe, or Japan.  And China now desperate to open banks up to partial foreign ownership.  

When China goes down, it will take it’s bi-lateral trade partners down with it.  You reap what you sow, Thailand.

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Just now, Isaan sailor said:

We know China’s overextended with Belt & Road, a military buildup, trade wars and now a currency problem.

Don't forget the ageing population. Medium term they're toast - worse than Japan

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I doubt it really hurt tourism.

 

I was in a VIP bus recently and the bus was full of Chinese tourists.

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7 hours ago, ChrisY1 said:

Sphincters must be twitching in the finance department....devalue it and risk a crash....keep it high and risk falling business.

But never fear, Thailand has the Prayuth the Great to solve all such simple economic woes with a wave of the hand...!

Yeah the blind leading the blind

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5 hours ago, NCC1701A said:

yes and my god whatever you do, don't open a unsafe Thai bank account five years ago and bring your money into the country. 100% for sure you will lose it all.:clap2:if I had a baht for every time I heard that sage advice here on TV I could make a fruit smoothie. 

 

Just 1 smoothie, now that Is a definite under-estimation, it should be at least 2

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1 hour ago, Percy P said:

Can not be devalued ,it has a world currency value they would be cheating on other counties if it was artificially lowered.

But they're CHEATING On Other Countries NOW,,,,,As it's OVER Valued In'it ??

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1 hour ago, Dustdevil said:

Chiang Mai still seems to be a great bargain in a much better city. I checked rentals a few weeks ago; there are still plenty of apartment for 7 to 10K baht that are adequate for westerners.

There's LOADS In Issan for 5,000 to 7,000 Baht....

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