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easyozzi
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The baht is strengthening due to capital inflows into Thailand. The country's stock market has been on a tear so more foreign investors are flocking to the Thai stock market to invest. In order to do so, they buy their baht, usually with dollars and it's been happening at such volume that it's affecting the exchange rate and making the Thai baht stronger. Also, interest rates are rock-bottom in the US so investors are also seeking out better returns on bonds in Thailand.
Additionally, the economy is growing at a good clip here, generating more income for the country. Finally, large international companies continue investing in new factories in Thailand. To do that they buy more baht, which, again, strengthens the local currency.
Hit - Nail - Head
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I was travelling through the airport at Suvarnabhumi the other day and it was £1 = 45.09 THB, as usual you can get closer to 46.50THB in the city but either way it's expensive living in Thailand these days.
If the THB continues to strengthen then I'd be looking to move elsewhere - the reason "most" people move to Thailand is for the cheap living outlay and thats no longer the case.
As for land prices, it's just comical now, people are asking 50k THB for 1sq wa on the outskirts of Chiang Mai. Besides which we foreigners cant own the land so why should we care ? It's a case of paradise lost
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I suspect this is as much to increase the tourism numbers and the country profile as much as anything else, but seriously - who wouldn't want an F1 race in Thailand, it would be brilliant.
I heard whispers that Chiang Mai was also in the mix to host an F1 event (scenically more appealing IMO) .......... either or, bring it on. Can we also have a time trial on Doi Suthep as well please
........... if you don't ask you don't get -
The heading was NUCLEAR Thailand ............ was it a typo and should read UNCLEAR ???
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IKEA who haven't even officially opened in Thailand, have also donated Bt20 million.
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Where is the love ??
I just spoke to a friend who is living in Don Muang who is being asked for 9,000 baht to evacuate family members from the floods ................ so much for helping each other - where has it all gone wrong ?
........... if you don't ask you don't get
Dust Alert In All Eight Of Thailand's Northern Provinces
in Thailand News
Posted
The SMOKE gets worse, year on year - Chiang Mai has seen a worsening this week in particular. Listening to the tourists going around town and everyone is complaining about it - hopefully they pass on this information through social media because it is only when the tourism figures drop that the authorities will actually do anything about it (even then, it's only a strong maybe of that happening)
I for one am sick and tired of listening to media reports whereby "the government are looking into it" - words are cheap, DO SOMETHING ABOUT IT !
I agree that News Channels should be covering this in greater detail and embarrass the local authorities into ACTION, as it is the only way that progress will be made. This is affecting the health of tens of thousands of people
Instead of "Amazing Thailand", why not tell then truth and make it "A Haze Over Thailand"