Strong Thai baht hurting low income farangs

[Kasane]

Bloomberg reports that Thai baht is very strong in 2019 after a great run in 2018. Tourism is also on the rise again after a dip in 2018. These developments are great for the Thai economy, but for marginal farangs the strong Thai baht will create more financial headaches.

https://www.bloomberg.com//news/articles/2019-02-17/what-can-stop-the-baht-thai-gdp-could-give-rally-further-boost?srnd=markets-vp 

[Yellowtail]

Shocking

[RotBenz8888]

Disturbing

 

[Yellowtail]

8 minutes ago, RotBenz8888 said:

Disturbing

 

Well, at least that 800K in a fixed account is more attractive...

[Bullie]

So, so happy I am moving to Portugal next month.... Selling ovv our belongings is actualy making me a provit at the moment!!

[Cadbury]

For some it is like the perfect storm. With their own currencies weakening substantially against the US dollar while the baht is relatively stable. The Australian dollar and British pound are two examples. 

[Bullie]

5 minutes ago, Benroon said:

That's a really strange lisp

The "ev" is malvunctioning on this keyboard. No point in replacing it now.

[Kwasaki]

45 minutes ago, Kasane said:

These developments are great for the Thai economy, but for marginal farangs the strong Thai baht will create more financial headaches.

Planning retirement reminds me of Thai builders whatever they say double it.

[JAG]

Bloomberg should really consider changing their name to "Department of Stating the Bleeding Obvious"!

????

[whiteman]

kiwi 21 bhat from 2 years ago 25 ???? happy days

 

[LennyW]

38 minutes ago, Benroon said:

Surprised they haven't factored in the mass exodus of TV Cambodia fans (all 9 of them)

And the 3 that are off to the Philippines LOL!!

[Liverpudlian]

I dont have any money to worry over .

[Kasane]

I wonder if the Thai economy will accelerate after the elections. The Thai baht will get even more stronger if that happens. 

[Yellowtail]

24 minutes ago, Kasane said:

I wonder if the Thai economy will accelerate after the elections. The Thai baht will get even more stronger if that happens. 

A strong economy does not necessarily translate to a stronger currency. In any event, I doubt very much the economy will accelerate after the elections.

[Yellowtail]

I guess it depends on where your from and how long you've been here...

[GeKoSc]

1 hour ago, Liverpudlian said:

I dont have any money to worry over .

You have to worry over all fiat money...

[Yellowtail]

2 minutes ago, GeKoSc said:

You have to worry over all fiat money...

Yes, the only solid investment is crypto.

 

Put it all in Bitcoin and relax...

[Kasane]

23 minutes ago, Yellowtail said:

Yes, the only solid investment is crypto.

 

Put it all in Bitcoin and relax...

Crypto's yet to prove themselves.

And fiat good as gold as long as inflation remains below FED tgt of 2%.

[Fab5BKK]

 

[Yellowtail]

7 minutes ago, Fab5BKK said:

 

So had you bought five years ago you'd be rich...