AUD is 21.84THB lowest ever recorded

[Pattayabeerbacon]

Its becoming a joke, but a reality on how asia may  overtake the west, the currency may have been the whole time undervalued.

[HungDonger]

Aus $ was 16.4 in 1993.   

[whiteman]

think about us poor kiwis ours nearly always is lower than the ausy so you are lucky bro kiwi now 20.40750

Edited June 1, 2019 by whiteman

[Pattayabeerbacon]

28 minutes ago, whiteman said:

think about us poor kiwis ours nearly always is lower than the ausy so you are lucky bro kiwi now 20.40750

Pretty expensive to holiday in thailand, unless you live on a very tight budget and live thai style is it really worth it??

[steven100]

11 minutes ago, Pattayabeerbacon said:

Pretty expensive to holiday in thailand, unless you live on a very tight budget and live thai style is it really worth it??

yes .... it's still better than australia. imo

[oxysong]

Thailand's hole gets deeper. At end of day they need to export,and exports are taking a dive,looking at average Thai they live on loans,car house ,from each other  ,flat broke in general,and now stirrings of problems invokes another thread.  jobs going because of strong baht,rice/rubber kaput,outdone by cheaper prices elsewhere..and the 3 billion submarine contract needs a strong baht to pay for it all

[steven100]

12 minutes ago, oxysong said:

looking at average Thai they live on loans,car house ,from each other  ,flat broke in general,

you could say that about the average Australian family.

Household debt is astronomical in australia right now.

Most middle-low income earners are living paycheck to paycheck.

[worgeordie]

Australia, with all its natural resources,Thailand with nowt in comparison,

still been lead by an ex army general,you have to ask yourself what's happening.

also a report Sterling lowest for 22 Years.is the THB only been kept at high levels

to benefit the privileged few. 

regards worgeordie

[worgeordie]

1 minute ago, steven100 said:

you could say that about the average Australian family.

Household debt is astronomical in australia right now.

Most middle-low income earners are living paycheck to paycheck.

That could apply to the rest of the Western World too,its a

"I must have it,and have it now"world. 

regards worgeordie

[steven100]

4 minutes ago, worgeordie said:

Australia, with all its natural resources,Thailand with nowt in comparison,

still been lead by an ex army general,you have to ask yourself what's happening.

also a report Sterling lowest for 22 Years.is the THB only been kept at high levels

to benefit the privileged few. 

regards worgeordie

"Growth in the economy was subdued, reflecting soft household spending and a decline in dwelling investment," ABS chief economist Bruce Hockman said.

and ... Australia's economy just entered recession on a per capita basis.

 

Thursday, 30 May 2019 Australian housing struggles to rebound.

The fallout is weighing on weak inflation and consumer spending in an economy that’s already slowed enough to warrant a likely interest-rate cut next month.

[Pungdo]

Got down to around 21.3 early in 2009 after the financial crisis  and could get there again next week if the Reserve Bank lowers interest rates as they are suggesting they will.

[davidst01]

so its a good time to run a business in Thailand and earn thai baht. Leave your AUD back home

[Baerboxer]

GBP 39.84/ThB this morning on Oanda. Normally deduct .5 and that's what you;ll roughly get from banks and money changers.

 

The baht is very strong and shows no signs of weakening at the moment.

[natway09]

The headline is totally wrong.

When I first came to live here I was getting 14.8 Bht to the Oz $

[from the home of CC]

1 hour ago, steven100 said:

you could say that about the average Australian family.

Household debt is astronomical in australia right now.

Most middle-low income earners are living paycheck to paycheck.

same in Canada,  more than  half the people are 1 or 2 checks away from inability to pay bills..

[madmen]

8 minutes ago, natway09 said:

The headline is totally wrong.

When I first came to live here I was getting 14.8 Bht to the Oz $

I think it may end up testing that low within a few years. I have a condo ready to sell in BKK for a big profit on exchange rate alone but now is not the right time.

When it does happen I will head back to oz where the dollar is still worth a dollar and Im guessing many here will do the same thing

[yodsak]

 

Been below 21.84 many times.

[mikosan]

1 hour ago, Baerboxer said:

GBP 39.84/ThB this morning on Oanda. Normally deduct .5 and that's what you;ll roughly get from banks and money changers.

 

The baht is very strong and shows no signs of weakening at the moment.

Ouch.  Just checked the Transferwise rate and it's 39.83.  That's as low as I've seen it, this is getting really bad.

[Farang99]

And 39.5 to the £. I think that is the first time it has gone through the 40 floor

[Pattayabeerbacon]

Perhaps stay in Udon thani rather than pattaya with than strong baht, Theres rooms for 1500 Baht a month there and 20 baht pad thai , home brew loa khao is cheap too up isaan way?

 

 

[oxysong]

1 hour ago, Baerboxer said:

GBP 39.84/ThB this morning on Oanda. Normally deduct .5 and that's what you;ll roughly get from banks and money changers.

 

The baht is very strong and shows no signs of weakening at the moment.

Not showing?  but the country is,its flat broke,no advertising  the giant billboards are empty,exports virtually on its back,house loans under scrutiny again,  Id say Thailand is heading for another coup

[Tajasia]

will recover quickly

[4MyEgo]

On the 25th September last year when I exchanged 20,000AUD, I got 469,654 baht or 23.48 baht after transferwise took their fee out.

 

Last month the day before the federal election back home on the 17th May I got 434,029 baht for the same amount 20,000AUD. I got 21.70 baht to the $ after transferwise took out their fee.

 

The difference in baht for the same amount is 35,625 or around 8%, that does throw things out a bit, especially when you planned your retirement on the baht being 25 baht, at worst 22 baht, which it is under now and heading further south.

 

Fortunately for us we have enough to last us for a couple of decades, (worked hard for it, no inheritances), a lot of planning went into this before the move, that said I feel for the pensioners, because most would be under the 40,000 baht per month on the marriage extension, forget the retirement extension of 65,000, so a few would have to be putting in the 400,000 baht for the marriage extension if they didn't do it that way before, and 800,000 baht for the retirement extension, although I have heard the agents are back in business since Big Joke got removed which would help a lot of X-pats who don't have that money to put in the bank to get them out of dire straits.

 

The above said, I have regigged our budget of 60,000 baht per month to reflect the current situation, i.e. if I was to go out 2 nights less drinking at the local waterhole and not buy the usual 3 x 12 packs of water that I buy weekly, and drink from the big 10 baht bottles we order like the rest of the family, this will save me the pretty much the difference between what I received in September and May, i.e. 32,448 baht.

 

When the $ goes south, you have to look at ways of adjusting your budget or start going backwards, that said, I will find other things to cut back on so that I get back those two nights out drinking, afterall you can't take a man's drink away from him, heaven forbid. 

[Catoni]

1 hour ago, Benroon said:

and $455,000,000,000 in reserve - as much as I would like to see the baht come unstuck, you're talking nonsense. They've also just RISEN in the world economic rankings

 

I said a while ago Brits would be dreaming of 40 baht to the pound soon

455 billion dollars in reserve?

[beautifulthailand99]

1 hour ago, mikosan said:

Ouch.  Just checked the Transferwise rate and it's 39.83.  That's as low as I've seen it, this is getting really bad.

Brexit the gift that keeps on giving. 

[Knocker33]

2 hours ago, davidst01 said:

so its a good time to run a business in Thailand and earn thai baht. Leave your AUD back home

Probably, as long as it not connected to food as I shop on average about four times a week for the restaurant. The prices rise every couple of days. Today in makro tomatoes up 25 bht a kilo, 

 aubergines up 20 bht a kilo,  eggs up up 15 bht a tray and many other items

With the lack of tourists it's not worth opening some days unless you own a 7/11 where all the Chinese buy their pot noodles.  I don't know how the average Thai keeps affording these rises. As another poster said the average household debt must be quite high

[BritManToo]

1 minute ago, beautifulthailand99 said:

Brexit the gift that keeps on giving. 

And is Brexit affecting the Aussie dollar as well?

And the Canadian dollar?

Edited June 1, 2019 by BritManToo

[Wake Up]

5 hours ago, worgeordie said:

Australia, with all its natural resources,Thailand with nowt in comparison,

still been lead by an ex army general,you have to ask yourself what's happening.

also a report Sterling lowest for 22 Years.is the THB only been kept at high levels

to benefit the privileged few. 

regards worgeordie

Sterling deserves to suck because Brexit is a man made disaster. Who the heck wants to own sterling from a tiny little island that is not very competitive with the rest of the world. Great for NYC and Ireland and Frankfurt and Paris and China but sucks for the British. And Thailand economy is doing well and will do better with the EEC. Get used to it. If global growth stalls and China goes into recession I would not give you 15 baht for an Aussie dollar. 

Edited June 1, 2019 by Wake Up

[KiChakayan]

6 hours ago, Pattayabeerbacon said:

Pretty expensive to holiday in thailand, unless you live on a very tight budget and live thai style is it really worth it??

Nope; I miss the hiking in Tassie, even had some good boomboom in our little tent, followed by good sleep, before shaking off the frost at dawn.

(For those who may ask: she wasn't Thai)

[namatjira]

No problems , when 1 baht is equal to 1 dollar I will sell my condo to a China man and buy Sydney.....sounds like a plan