FarAngMoh

I’m still new here… any reason why we only see CNN articles on here?

Great is impossible to quantify, and the US has always had problems. But I think the 80’s was the best decade in my lifetime. The 50’s sounded like the best decade in my parent’s lifetime. Optimism was in the air and the future was so bright you had to wear shades ????. The current political culture is just disgusting, fueled by narrative spin from the media on both the left and right. I’ve stopped watching most all news out of the US for that reason. I have friends who are both liberal and conservative, and I can almost always find some common ground with both.

My family (my mother in particular) had a hard time accepting me marrying a non-white. My father-in-law was even more repulsed about his daughter marrying a non-Asian, so much so that it took over 10 years before he finally consented (grudgingly) and then we got married, that was 20 years ago (and the ice still hasn’t thawed completely). I think any family that genuinely loves you will understand in time… no matter if it’s age gap or whatever, as long as you are happy.

Equality is great… until it doesn’t fit our narrative. Sounds familiar. Conveniently forgotten are the Asian students who have been discriminated against - that is what the supreme court case was about.

I would at least bring her for a proper psychiatric evaluation first… after all, you did marry her, for better or worse, right? Let’s say you started flipping out, wouldn’t you want her to do the same for you? In the meantime, you might try to eliminate any breakable items from the home.

I didn’t say it was a good thing (too big to fail), it is just the reality we live in today, and it is not going to change overnight. And yes. you might need an alternate monetary system if you decide to wage war on a neighboring country — it’s just not considered good etiquette these days — times have changed.

Several years ago I opened an SDFCU account with just my passport and proof of residential address abroad. I used a promo code to get free ACC membership, so it cost nothing — good backup in case my primary bank account gets closed for being abroad. They sent the debit card by FedEx to my address abroad for free. Basic checking $0 balance requirement allows you to add TOD beneficiaries. No complaints so far.

One final morsel for thought… in the event that the dollar were to collapse, it would be highly unlikely that the THB could remain strong and not devalue as well. In fact, it might lose more than the USD in such an event. Like the old saying goes… when the US sneezes, the rest of the world gets a cold. Maybe it will change in the future, but for now the USD is a currency that is too big to fail and a collapse would be a catastrophic event for the entire planet.

I think all theoretical ways to lock in the rate (risk free hedge) have been covered in this thread. it’s important to understand that these methods are normally used by companies to reduce currency risk on large balance sheet items — not by individuals to protect their purchasing power on living expenses… so it should not be a surprise if these methods are unsuitable, impractical or even impossible on an individual basis and on such a small scale. I would encourage the OP to take a serious look at the USDTHB rate from Jan 1, 2007* (when it was 34) until today. It has mostly traded in the 29-37 range for the last decade and a half. This can help you assess the likely risk of upside (+9%) and downside (-15%) from the 34 level, and whether attempting to hedge that is really worthwhile. * pre-2007 rates include some “hangover” effect from the Asian crisis (I moved to Asia just before the crisis, lived through it all).

I am not sure why your message did not elicit any response, but I agree that this is another legitimate way to hedge currency, provided such options or futures contracts are available, and for that kind of dollar amount. However, I believe only forward contracts commit you to complete the transaction, futures contracts are more flexible. There is a cost associated with buying any such contracts, so have to weigh that against the potential savings in the event the USD dives. I really doubt buying this kind of “insurance” will pay off, but that is a separate question from how can it be done.

How about an unsecured line of credit back in your home country? Another alternative (if you really want to make a bet against the USD) is to buy a short dollar ETF like UDN that increases when the value of the USD decreases. If you have an account with Interactive Brokers for example, you could buy such an ETF on margin. Just be careful, as this kind of thing can be very risky.

You have a receivable of USD 25,000 coming in 6 months and want to guarantee you’ll end up with THB 850,000 in the end (at the current exchange rate of 34). The way to do this is to take out a 6 month USD 25,000 loan, convert it to THB 850,000 and put it into a 6 month time deposit. Then, 6 months later when you receive the USD 25,000, you pay off the loan and use the interest earned on the time deposit to help defray the cost of borrowing. Hedging is not without some cost, but this is exactly how to do what the OP is asking.

As often happens in Asia, what’s ordinary back home can suddenly become wildly noteworthy over here; not just because it’s from far away “exotic” lands… but rather — it doesn’t take much to beat the pants off wannabe Western restaurants here.

It is bring “xem” back. Better brush up on your gender neutral pronouns before you get cancelled. LOL

I used to have a PNC account with free domestic wires if you have a certain account status (didn’t take much to reach it, maybe $2,500), but the problem was, they insisted that I come physically to the bank branch to initiate EVERY wire. I have since closed my account. SDFCU offers $6 domestic wires for Emeritus members. I recently opened an account with them but have yet to try this.