Gsxrnz

Good Lord!!!! I thought for a minute they'd arrested "Litterers" when I read the headline. Gave me a helluva fright!

Must be going lysdexic.

No the fare system is only 10 baht per ride and 20 for long haul but long is not defined by the company. I am sure about that

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Then show some good old American generosity (or Thai nam-jai) and if you're slightly in doubt, err on the generous side.

It'd be a bugger if the Baht Bus Company barred you for frequently ripping of their drivers and being rude to them.

For alfieconn

Spot the difference:

[attachment=243469:Forex.docx

Yes confirms what i said earlier

So to put it in simple terms if the cable GBP/USD is higher because of the strength of the pound then the GBP/THB would go higher

The crux of it is you said if the Dollar is weak then you'll get more Baht per Pound, which i don't agree with :

In a thread that predominantly discusses GBP/THB, the statement, "if the Dollar is weak..." infers that the Pound is strong hence you will get more Baht per Pound and that remains true! The statement is designed as an indicator to holders of GBP rather than a discussion about the global strengths and weaknesses of a particular currency.

Your going round in circles, "if the Dollar is weak..." infers that the Pound is strong hence" no it doesn't, the dollar is the dollar, the pound is the pound, they are not related, it could well be that you have a strong dollar and a strong pound, they don't have to be doing the opposite of each other !

E.G USD/THB 30.50 GBP/USD1.6450 GBP/THB 50.17

Now in that example the dollar is weaker than it is today, yet you are getting less Baht per pound !

This conversation does seem to be getting repetitive hence I am going to bring it a close, my involvement at least! There is some amount of semantics in what's being said here plus a degree of precision is being sought that is really unnecessary.

You asked earlier what does the US Dollar have to do with the Baht and the Pound and I have told you and I have shown examples how GBP/USD and GBP/THB both follow very similar trading patterns. I referred to holders of GBP earlier being able to get more THB for their Pound when the USD was weak, this in the context that GBP has strengthened against USD from around 1.59 to 1.64 recently and that the audience here is not comprised of currency or day traders who require to understand comparative strengths and weaknesses of global currencies but merely expats and tourists looking for when to exchange money. None of that is to say that USD is a weak currency however it is reasonable to suggest that it is the weaker of the (only) two currencies that we are discussing in comparative terms over recent times.

Both of you need to use the term "cross rate" in your discussion, and understand that in every cross currency transaction, the USD is invisibly involved. The relative value of any one currency (say GBP) against another currency (say THB), is called a cross rate. Each of those currencies will also have a value against the USD. It's the relevant value of the GBP and the THB respectively against the USD that gives you a GBP/THB cross.

If you say something like "the GBP is weak", then you are automatically pegging it against the USD because that's the jargon. More correct to say something like "the GBP/THB cross is weak, or strong, or stable....or whatever when you're talking about cross rates But know which way you are talking, because GBP/THB is not the same as THB/GBP.

Assuming over two days, the GBP and the THB do not move an iota against the USD respectively, the cross between the two currencies will be identical over the two days. Over the same two days, if the NZD firmed against the USD, the NZD/GBP and the NZD/THB will show that the NZD has more value over both currencies than two days earlier. Simply because you can now buy more USD with your NZD, and therefore buy more GBP and THB because they stayed the same against the USD.

Hope that's understandable, I kept it as simple as I could and skipped a few technical points.

Edit: Could have made life simpler by just showing the formula - Currency A / Currency B = (Currency A / USD) x (USD / Currency B )

I've been lucky as a Kiwi. In the 3 years I've been here the NZD/THB cross has climbed from circa 21 to circa 26. I'm 24% better off than I was in terms of buying power, plus profits on regular forwards.

so you missed the 2009 kiwi-shocker of NZD/THB at 17.50

by the way, for me NZD strength vs. AUD is quite surprising. from 1.375 to 1.10 !

Wasn't interested in the THB as a resident back then, but it was an investment currency I dabbled in. 2009 to now has been good fun all around really

Yeah, the Aussie Kiwi cross is interesting at the moment. I think the Kiwi is generally over valued and the Aussie has taken a bit of a hit of late. But the Kiwi is such a darling currency the markets love to play with it. I think the strength of the banks, relatively high interest rates, and viewed as a safe haven tends to attract the buyers. Kiwi has climbed virtually steadily since 2009 with a few hiccups. So did the Aussie, but has taken a tumble recently, probably been oversold.

The AUD/NZD cross has therefore benefitted the Kiwi. If I were a betting man, the Aussie at anything north of 91 on the NZD cross is in relatively uncharted waters (in recent years) and worth a punt. Not much headroom to lose, but it's a decent trip back to low 80's where it really belongs.

Did an open Forward contract to sell THB in Aug at 24.1 against the Kiwi.

Just closed it out at 26.5 spot.

9.95% profit in 4 months. It's been in the money for the entire time but figured today is probably as good as it will get. And the profits in NZD anyway, so if the THB gets any weaker I'll just buy some actual THB and bring it over here.

Mind you, I think its been over sold so if it sees 27 I might just do a forward to sell THB against the Kiwi and make the money on the way back up.

Happiness fulfilled.

take a wild guess how many participants here (besides you and me) know what a "forward" is? i use forwards quite often but unfortunately they are not available for all pairs and one has to resort to NDFs.

Good point - it seems that crosses are a mystery to some as well.

I've been lucky as a Kiwi. In the 3 years I've been here the NZD/THB cross has climbed from circa 21 to circa 26. I'm 24% better off than I was in terms of buying power, plus profits on regular forwards. The Kiwi is a great currency to play with. Keeps getting overvalued and then oversold, 5cent moves against the USD over 3 months are routine - just got to be on the right side of it and don't be too greedy.

Naam - what pairs can't you trade via forward that you have to use NDF's?

Did an open Forward contract to sell THB in Aug at 24.1 against the Kiwi.

Just closed it out at 26.5 spot.

9.95% profit in 4 months. It's been in the money for the entire time but figured today is probably as good as it will get. And the profits in NZD anyway, so if the THB gets any weaker I'll just buy some actual THB and bring it over here.

Mind you, I think its been over sold so if it sees 27 I might just do a forward to sell THB against the Kiwi and make the money on the way back up.

Happiness fulfilled.

JT - how can you claim that he/they are above the law in this instance when you have not made the police aware of the assault.

How much was the disputed amount?

I've got a mate in Pattaya with a PCX that has all the mods shown on that one. He's had no trouble with the BIB.

However, I have heard of several cases where riders (Thai and Falang) have been fined for a modified exhaust. It depends on how greedy the BIB is that particular day.

I think there is a law saying it's unlawful to modify a car or bike from standard............and this law is avidly adhered to by everybody in Thailand.

Put up a "No Littering" sign.

Any idea if a train actually came?

What a joke this country must be seen from the outside world, so now we see street mobs rule politics and now even the police and the way forward for the country. If there is one elitist among the mob i have seen attacking government offices he must have been well hidden. All i have seen is tattooed long hair stone trowing bullies, and where do they come from certainly not from the middle class or the so called elite, Who have been paying them this time when not Thaksin. As a father to small children, i fear for the day the mob get a sudden urge to turn on us foreigners on some or another pretense. Not paranoid at all, just realistic. Who is going to protect us when all hell break loose. Police is not functioning as they should, the political system in shambles and a former prime minister Abhisit, who by the way never was elected, got his 3 min on CNN today saying that all the chaos could have been avoided if just the present prime minister just had given the power back to the people. What people, did he mean, oh yes the non electable peoples committee.

The "elite" are all too busy talking to their currency and futures brokers and making a bundle while their anarchist brethren roam the streets.

Political turmoil is great for the savvy investor or speculator.

Rest assured that the elite from both sides have all gotten considerably richer over the last month.

Underwritten.

Too many troll threads over the past week or so - getting somewhat tedious.

Most drivers (world wide) have probably never actually used their ABS to even know what it feels like or what can be done with it.  But then the same applies to drivers of non-ABS vehicles as well. 

If you want to see how it feels to brake heavily and familiarise yourself with the experience so you can use it in a real emergency situation, find a good safe quiet bit of tarmac and try braking with varying amounts of pressure from 130-200+klm/h.  It's only if you've had this experience that you can use it in a real situation with good effect.

I was in a car once as a passenger and the driver (experienced and safe) hit the brakes in the wet.  We were only doing 30klm/h but the brakes pulsed and he felt the surging/let go feeling in the braking effect.  He thought the brakes had failed or something, got totally confused because he'd never felt it before.......lets off the brake, and yes, we did roll nicely into the BMW in front of us at probably 15klm/h.  It was a sad, slow, sickening feeling to rear end somebody at that speed.  I had time to read a novel while the driver was looking at his "broken" foot brake as we rolled slowly into the beamer.

Depends on tyre pressures.................... ...................

Especially the pressure in the spare tyre. 

Maybe you're being slowly poisoned by someone/something? Here are 59 causes of food tasting bitter. Fill your boots, but get to a doctor.

1. Acid reflux / heartburn
2. Acute mercury inhalation
3. Anchovy poisoning (clupeotoxin)
4. Bonefish poisoning (clupeotoxin)
5. Cetirizine -- Teratogenic Agent
6. Chemical poisoning -- Cadmium
7. Chemical poisoning -- Disulfiram
8. Chemical poisoning -- Glaze
9. Chemical poisoning -- Selenium
10. Chemical poisoning -- Solder
11. Chemical poisoning -- Thallium Sulfate
12. Chemical poisoning -- Vanadium
13. Copper toxicity
14. Dental caries
15. Dental conditions
16. Gastritis
17. Heartburn
18. Henkin syndrome
19. Herring poisoning (clupeotoxin)
20. Insect bite allergy
21. Jaundice
22. Lead poisoning
23. Mercury poisoning
24. Metal Fume Fever -- Aluminium
25. Metal Fume Fever -- Antimony
26. Metal Fume Fever -- Cadmium
27. Metal Fume Fever -- Chromium
28. Metal Fume Fever -- Copper
29. Metal Fume Fever -- Iron
30. Metal Fume Fever -- Magnesium
31. Metal Fume Fever -- Manganese
32. Metal Fume Fever -- Nickel
33. Metal Fume Fever -- Selenium
34. Metal Fume Fever -- Silver
35. Metal Fume Fever -- Tin
36. Metal Fume Fever -- Zinc
37. Metal fume fever
38. Non-Food Allergy -- Africanized honeybee
39. Non-Food Allergy -- Ant
40. Non-Food Allergy -- Black fire ant
41. Non-Food Allergy -- Bumblebee
42. Non-Food Allergy -- Hornet
43. Non-Food Allergy -- Red fire ant
44. Non-Food Allergy -- Tropical fire ant
45. Non-Food Allergy -- Yellow jacket Wasp
46. Non-Food Allergy -- honey bee
47. Non-Food Allergy -- scorpion
48. Non-Food Allergy -- wasp
49. Plant poisoning -- Protoanemonin
50. Postnasal drip
51. Pyrosis
52. Rattle snake poisoning
53. Sardine poisoning (clupeotoxin)
54. Scombrotoxic fish poisoning
55. Selenium -- overuse
56. Slickhead poisoning (clupeotoxin)
57. Tarpon poisoning (clupeotoxin)
58. Tooth abscess
59. Zyrtec -- Teratogenic Agent

Um........have you consulted a member of the medical fraternity? Or do you expect a more informed diagnosis by ill-informed TV contributors.

I humbly suggest you consult a doctor at one of the better hospitals in your area.

I thought it was a British thing the women wear s singlet while they beat their little man

Flo' never wore a wife-beater when she bashed Andy. She always wore a pinny. British women have much more decorum than that.

Gsxrnz, I missed that detail...in the case of aftermarket tires the manual means nothing.

And we are in 100% agreement on the low profile tires...you almost have to run them at or near max pressure to keep from bashing your expensive rims on the great roads found in most places. They will definitely give you a shitty ride.

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Yep, first pothole (translation: small swimming pool), and you've knackered your rim. And if you suddenly brake to save your rims, you'll be wearing a two scooters and a concrete truck up your jacksie. TIT

A nail gun would be much more efficient. Just disable the automatic setting and the drunks in Patts wouldn't do too much damage.