simoh1490 Posted October 29, 2018 Share Posted October 29, 2018 1 minute ago, zzaa09 said: Not if one makes and spends Baht, less the dependence on a false and phony-baloney foreign currency exchange rate. Thailand is a net importer of oil that it pays for in USD, earning Baht is therefore no hedge at all. Link to comment Share on other sites More sharing options...
Huayrat Posted October 29, 2018 Share Posted October 29, 2018 Not a chance.. The figures are all fixed.. Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted October 29, 2018 Popular Post Share Posted October 29, 2018 TV members need to learn about the 1997 financial crisis when George Soros crashed the Bank of Thailand. After that, the BOT followed the safeguards put in place by the world bank. That is one of the reasons the Baht is so strong. They got their act together. And the Thais swore they would never let a farang screw them over again. (and they sent their daughters after us to get their money back) So as much as you want to dream about the baht "correcting" 20 or 30 percent it is not going to happen unless there is a civil war. 1 4 Link to comment Share on other sites More sharing options...
CALSinCM Posted October 29, 2018 Share Posted October 29, 2018 8 hours ago, Lacessit said: Eh? If I'm bringing in foreign currency, I'll get more baht for my buck. The oil price is a minor fraction of my expenditure here. Hit me again, please. With a car that gets 55 miles per gallon and a bike that gets 110 mpg, gas prices don't worry me much. (Yes, I did the conversion for liters per kilometer). 2 Link to comment Share on other sites More sharing options...
Hoppyone Posted October 29, 2018 Share Posted October 29, 2018 8 hours ago, mfd101 said: Oh goodie, let's bring in lots of our homeland currencies to change, thereby driving up the Baht again ... Why not 8 hours ago, mfd101 said: Oh goodie, let's bring in lots of our homeland currencies to change, thereby driving up the Baht again ... Link to comment Share on other sites More sharing options...
AtoZ Posted October 29, 2018 Share Posted October 29, 2018 (edited) 11 hours ago, marcusarelus said: Sure we do. Showing how little you know? Brazil has double of that, how is R$ doing? Argentina has 1/4 = not little at all... how is the peso doing? Turkey has half = not little at all... how is lira doing? and let's not forget the "source" is under article 44, defamation, computer crime act, and what else control Edited October 29, 2018 by AtoZ 1 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted October 29, 2018 Share Posted October 29, 2018 8 minutes ago, AtoZ said: Showing how little you know? Brazil has double of that, how is R$ doing? Argentina has 1/4 = not little at all... how is the peso doing? Turkey has half = not little at all... how is lira doing? and let's not forget the "source" is under article 44, defamation, computer crime act, and what else control Did you figure the Brazil per capita? Plus it's not really the same situation. There are many historical reasons to consider Thailand's foreign reserves. I can't discuss 44. 1 Link to comment Share on other sites More sharing options...
JimmyJ Posted October 29, 2018 Share Posted October 29, 2018 (edited) 7 hours ago, CALSinCM said: With a car that gets 55 miles per gallon and a bike that gets 110 mpg, gas prices don't worry me much. (Yes, I did the conversion for liters per kilometer). What car is that? For that matter, what bike? Although I don't know what bikes get these days and what is standard but that sounds huge. Well done at any rate for keeping your fuel costs super low. Edited October 29, 2018 by JimmyJ Link to comment Share on other sites More sharing options...
stanleycoin Posted October 29, 2018 Share Posted October 29, 2018 7 hours ago, NCC1701A said: And the Thais swore they would never let a farang screw them over again. (and they sent their daughters after us to get their money back) + 1 2 Link to comment Share on other sites More sharing options...
MaxYakov Posted October 29, 2018 Share Posted October 29, 2018 (edited) If the baht is going to weaken I hope it gets with the program soon. Every baht down against the USD costs me 1,800/month. Edited October 29, 2018 by MaxYakov Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now