
nigelforbes
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Everything posted by nigelforbes
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It won't happen, save your money. Some years ago I made a complaint about a doctor at one of the country's largest private hospitals, I saw in real time how the wagons circled and the drawbridge went up, it was an educational but frightening experience TBH. You almost certainly wont find a decent lawyer who is willing to take the case, don't go there.
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Not higher than 25 feet, beyond that they get altitude sickness, which is why you never find mossies in the Alps. The could get some medicine to prevent that but it would mean going to a special pharmozzie.
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Here's a cut and paste from an earlier post today, read it slowly and try to join up the dots, you may need to refer back to the pictures I posted earlier for the penny to drop. I can't play any more tonight but I'll look in and answer your questions tomorrow. Now concentrate man, focus: "Currency value is measured against the key Reserve Currency, USD, the prime relationship is between individual currencies and USD. When USD strengthens, individual currencies appear weaker, even though they haven't changed in value in their own right, per se. USD strengthened earlier this year because the Federal Reserve Bank became hawkish on inflation and let it be known they were going to keep raising interest rates, until inflation was under control. That news attracted capital inflows into USD based assets where they could make a better return, and, it also caused the value of USD to strengthen. Subsequently, markets now have sight of how far and how fast the Fed will increase rates and the value of USD is returning to near normal. Meanwhile, the Baht went from 30 ish to 38 ish and is now returning to low 30's. Why? Because USD has returned to its near normal level AND because the forecast for the Thai economy is better than many other economies. Why? Because Thailand has a comparatively lower volume of debt than other economies and almost none of it is foreign debt. Plus, Thailand is an export based economy and tourism is classed as an export, export bills are denominated and settled in USD). This means that as tourism has improved and is indeed forecast to improve even further, the current account will be in surplus (more exports than imports) and BOT's foreign currency reserves will increase even further, all of which will cause THB to strengthen. BOT's increases in interest rates were very mild by comparison, probably to help protect consumer debt but also to help narrow the gap between USD and THB and protect capital inflows".
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No silly billy, it's because the US Dollar weakened from 115% to 104%. You do know that USD is the worlds reserve currency and that since Thailand is an exporting country, USD effectively determines the value of its exports? Here, I'm posting two pretty pictures for you to study, whilst I eat my dinner. Back soon, lots of love.
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Central Banks that operate the Managed Float system are permitted, under IMF rules, to intervene in markets to smooth out the peaks and troughs in the exchange rate. That is their primary role, to manage the currency. There's a big difference between that and currency manipulation, which is something Thailand doesn't need to do via the FOREX system when it already does so very effectively, via the balance of trade account. If the value of imports are always less than exports, the current account will be in surplus, (all things being equal). That means the currency will increase in value.....that's the indirect currency manipulation that the US keeps screaming about, not some piddling selling of USD and buying baht etc that posters keep telling us the elite do so they can buy their chalets in Switzerland, dear God almighty!
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Tips: If you can avoid buying used, do so, it's very high risk here, lease or buying new is much safer and cheaper. But if you must buy used: Have the car inspected by a reputable agency/dealer etc, not just any old dealer, ask around for referrals. Look at driver seat material wear and brake pedal rubber wear to see if they match the age/mileage of the vehicle. Ask to see the blue book/log book to confirm the age of the vehicle, the VIN and the number of owners...if no book or can't see, walk away. Tires all carry date stamps of manufacturer, check, make sure all under 4 years old. Stand at front of car and kneel down. look down the sides of the car SLOWLY for ripples indicating repair...take your time and repeat from front and back, both sides, several times with different light. When the engine is cold: check the exhaust when the vehicle first starts, blue smoke is oil, white smoke is water, both to be avoided. Dip the engine oil and feel the consistency, often an additive has been mixed wit the oil to quieten engine noise, you'll know it when you touch it. Lift the carpets/covering in the truck/boot, both sides and the bottom, you want to see metal....look for damage uneven/repaired surfaces. Does the drivers door close easily, without much pressure? Repaired bodies usually show up in poor door closure. Do the digits in the odometer line up perfectly or are some wonky, clocked cars odometers will be wonky. When you drive it, is the steering wheel straight or does it tilt left or right, and/or, does it pull left or right....indicative of steering/alignment frame issues if not. If I think of any more, I'll call you. :))
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Almost any Thai based travel insurance will cover her nicely, I buy AXA for my wife, it's inexpensive.
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Aussie Dollar vs Thai Baht
nigelforbes replied to steevjee's topic in Jobs, Economy, Banking, Business, Investments
Don't give up your day job. -
Baht exchange rates are an emotive subject, I understand that only too well. But if I'm brutally honest we only have ourselves to blame for where we are currently. The value of the Pound has been in decline since after WWII, the graphs are all very clear about its direction. The same is true of the Baht. The value of THB has strengthened almost continuously since around year 2000 and the forecast for the future is that will continue. If we all had done our homework and research before we moved over here, we would have understood what was in our future. But we didn't, the best we can do today is to try and understand why things are happening the way that they are and avoid blaming others when the fault is really ours. So we are not being penalised for leaving the UK, we are being penalised for being slightly stupid.
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I don't know if you're addressing that to me, it looks like you replied to your own post. Anyway, I have no idea what you're talking about or what your issues are. The graphs and the article's stats. seems pretty conclusive to me, unless of course you don't want them to be, in which case I'm not the person to discuss this with. bye.
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Aussie Dollar vs Thai Baht
nigelforbes replied to steevjee's topic in Jobs, Economy, Banking, Business, Investments
A secondary reason why AUD has fallen in value is because commodity prices have fallen and Australia is dependent on commodity exports and a key part of its economy. -
Aussie Dollar vs Thai Baht
nigelforbes replied to steevjee's topic in Jobs, Economy, Banking, Business, Investments
The Baht is appreciating against the reserve currency, USD, the THB rate against AUD is a FOREX bi-product of that.