Strong baht: why prices steady?

[LivinLOS]

Just now, marcusarelus said:

You got it wrong.  Thailand has no control over the pound or Aussie dollar.  

ohh your a genius I can tell.. 

 

Its the THB/AUD rate.. the THB/GBP rate.. see those 2 ratios ?? See what one element of the ratio is made from ?? 

Anyway, I didnt claim Thailand 'has control of it' but its is a fact that tha THB has risen the most of all ASEAN countries this year.. The RISING baht is against baskets of currencies, not a single Fx pair. 

[nauseus]

Prices are actually going up. Believe it or not!

[ukrules]

47 minutes ago, nauseus said:

Prices are actually going up. Believe it or not!

Of course they are, and once they're up they never go back down again

 

If the value of the Baht decreases (what goes up will come down) then expect more price increases to maintain profit, it's a one way equation.

Edited July 26, 2019 by ukrules

[marcusarelus]

1 hour ago, LivinLOS said:

ohh your a genius I can tell.. 

 

Its the THB/AUD rate.. the THB/GBP rate.. see those 2 ratios ?? See what one element of the ratio is made from ?? 

Anyway, I didnt claim Thailand 'has control of it' but its is a fact that tha THB has risen the most of all ASEAN countries this year.. The RISING baht is against baskets of currencies, not a single Fx pair. 

The basket of currencies have one thing in common - they have all gone down.  The pound and the Aussie dollar have both dropped in value vs any precious metal or the USD.  

[marcusarelus]

53 minutes ago, nauseus said:

Prices are actually going up. Believe it or not!

How about the price of bulk water?  How about the price of Song Taus?  How about the price of Pineapple?  How about the price of motorcycle taxi's?  How about the price of coke?  How about the price of Retirement extensions?  How about the inflation rate?   

 

Thailand inflation rate https://tradingeconomics.com/thailand/inflation-cpi

Edited July 26, 2019 by marcusarelus

[farangkinok]

On 7/25/2019 at 11:28 AM, NCC1701A said:

why does the sun go on shining?

Don't they know it's the end of the world? 

[LivinLOS]

32 minutes ago, marcusarelus said:

The basket of currencies have one thing in common - they have all gone down.  

 

If a basket of currencies have all gone down, then the other has risen in relative terms. 

Compare the baht to every other ASEAN currency, saying the baht hasnt risen they have all gone down is moronic. 

[Roy Baht]

2 hours ago, sanemax said:

No, they are ordered years before at set prices

Are you on drugs? (Ordered two years ago.)

[nauseus]

36 minutes ago, marcusarelus said:

How about the price of bulk water?  How about the price of Song Taus?  How about the price of Pineapple?  How about the price of motorcycle taxi's?  How about the price of coke?  How about the price of Retirement extensions?  How about the inflation rate?   

 

Thailand inflation rate https://tradingeconomics.com/thailand/inflation-cpi

How about it? The comment was about imported stuff. But your graph supposedly shows inflation, which does not preclude several Thai domestic products costing more too.  

[marcusarelus]

13 minutes ago, LivinLOS said:

 

If a basket of currencies have all gone down, then the other has risen in relative terms. 

Compare the baht to every other ASEAN currency, saying the baht hasnt risen they have all gone down is moronic. 

The baht hasn't risen check it in relation to precious metals or USD.  The baht has stayed the same and the other currencies have gone down compared to the USD or precious metals.  

[Roy Baht]

1 hour ago, nauseus said:

Prices are actually going up. Believe it or not!

True.

 

https://www.thailand-business-news.com/economics/74976-thai-inflation-climbed-to-1-24-in-march-2019.html

[marcusarelus]

2 minutes ago, nauseus said:

How about it? The comment was about imported stuff. But your graph supposedly shows inflation, which does not preclude several Thai domestic products costing more too.  

Because the poster whom I was responding to said everything has gone up and I demonstrated to him and you that it has not.  Things going up is the inflation rate.  

[marcusarelus]

1 minute ago, Roy Baht said:

True.

 

https://www.thailand-business-news.com/economics/74976-thai-inflation-climbed-to-1-24-in-march-2019.html

Look at the rate for the past few years and compare it to your home country.  

[Roy Baht]

46 minutes ago, marcusarelus said:

How about the price of bulk water?  How about the price of Song Taus?  How about the price of Pineapple?  How about the price of motorcycle taxi's?  How about the price of coke?  How about the price of Retirement extensions?  How about the inflation rate?   

 

Thailand inflation rate https://tradingeconomics.com/thailand/inflation-cpi

Oh <deleted>! Enough with these idiot charts of yours. They are from dubious sources, known to distort figures, and when they measure anything at all it's usually the wrong thing (arrivals instead of actual tourists, etc.)

[marcusarelus]

Just now, Roy Baht said:

Oh <deleted>! Enough with these idiot charts of yours. They are from dubious sources, known to distort figures, and when they measure anything at all it's usually the wrong thing (arrivals instead of actual tourists, etc.)

The charts are the way knowledgeable people measure the economy and Trading Economics is an very reputable source. The charts are very accurate and rarely wrong.  If they are please link where Trading economics has proved wrong.  We are not discussing tourist arrivals.  Stop calling me an idiot.  It is against posting rules and not polite.  

[LivinLOS]

11 minutes ago, marcusarelus said:

The baht hasn't risen check it in relation to precious metals or USD.  The baht has stayed the same and the other currencies have gone down compared to the USD or precious metals.  

Precious metals are back on a tear because the world looks to be on the edge of a new recession, the ECB and FED are going to print money.. 

The baht is the strongest currency in ASEAN this year.. If you cannot understand that fact and keep wishing to maintain every other currency is falling and its not the baht rising, your failing at basic comprehension. 

[nauseus]

15 minutes ago, marcusarelus said:

The baht hasn't risen check it in relation to precious metals or USD.  The baht has stayed the same and the other currencies have gone down compared to the USD or precious metals.  

Yes, check it in relation to the USD.

 

 

The Baht is UP at least 12% v the USD since the start of 2017. Up = risen. Get it?

 

 

[marcusarelus]

5 minutes ago, LivinLOS said:

Precious metals are back on a tear because the world looks to be on the edge of a new recession, the ECB and FED are going to print money.. 

The baht is the strongest currency in ASEAN this year.. If you cannot understand that fact and keep wishing to maintain every other currency is falling and its not the baht rising, your failing at basic comprehension. 

What percent have other currencies gone down against precious metals and the USD as opposed to the baht.  The baht does not exist in a vacuum as you are trying to prove it only has value relative to other currencies or metals or diamonds or any other measurable thing that has a consistent value.  To say 10 baht is worth 10 baht is to say nothing.  10 baht has to be worth something USD or pound or oz of something.   

[nauseus]

21 minutes ago, marcusarelus said:

Because the poster whom I was responding to said everything has gone up and I demonstrated to him and you that it has not.  Things going up is the inflation rate.  

This thread is (supposed to be) about the cost of imported goods from Europe not going down! In fact the cost of everything has gone up, especially imported stuff. 

[marcusarelus]

3 minutes ago, nauseus said:

Yes, check it in relation to the USD.

 

 

The Baht is UP at least 12% v the USD since the start of 2017. Up = risen. Get it?

 

 

10 years ago baht traded at 31 to the USD.  This year the baht also traded at 31 to the USD.  Sure you can pick years but 10 years is a standard measure.  Now check 10 years against the pound.  

Edited July 26, 2019 by marcusarelus

[marcusarelus]

2 minutes ago, nauseus said:

This thread is (supposed to be) about the cost of imported goods from Europe not going down! In fact the cost of everything has gone up, especially imported stuff. 

I was answering another poster who said everything has gone up in price and that means inflation has gone up.  The rate of Thai inflation is from 0 to 2% - not much in relationship to the rest of the world.  If you think it has gone up more post some facts to back up your assertions.  

Edited July 26, 2019 by marcusarelus

[nauseus]

4 hours ago, possum1931 said:

They are not even worth it, there is hardly any steak in them, that is why I stopped buying them years ago.

Sorry for going off topic.

But you are quite right. They used to be great - now just a goo filling.

[nauseus]

9 minutes ago, marcusarelus said:

10 years ago baht traded at 31 to the USD.  This year the baht also traded at 31 to the USD.  Sure you can pick years but 10 years is a standard measure.  Now check 10 years against the pound.  

Done, what next?

[marcusarelus]

1 minute ago, nauseus said:

Done, what next?

Write it down and share it with us. 

[nauseus]

8 minutes ago, marcusarelus said:

I was answering another poster who said everything has gone up in price and that means inflation has gone up.  The rate of Thai inflation is from 0 to 2% - not much in relationship to the rest of the world.  If you think it has gone up more post some facts to back up your assertions.  

Inflation is similarly low in the majority of major economies. It high in the basket cases like Venezuela. You still don't want to address the question of this thread. Maybe you should start your own?

[nauseus]

3 minutes ago, marcusarelus said:

Write it down and share it with us. 

[marcusarelus]

2 minutes ago, nauseus said:

Inflation is similarly low in the majority of major economies. It high in the basket cases like Venezuela. You still don't want to address the question of this thread. Maybe you should start your own?

Prices in Thailand are steady to no increase because inflation is 0 to 2%.  Thailand does not import much as opposed to exports.  Prices on imported goods from the UK or Australia are staying the same because Thai merchants think Thai people are stupid.   

[Number 6]

34 minutes ago, marcusarelus said:

The charts are the way knowledgeable people measure the economy and Trading Economics is an very reputable source. The charts are very accurate and rarely wrong.  If they are please link where Trading economics has proved wrong.  We are not discussing tourist arrivals.  Stop calling me an idiot.  It is against posting rules and not polite.  

Charts rarely wrong 555. That depends entirely on the data and who's making the charts.

 

Inflation is running at least 5% here. Thais really don't see much insofar as raises. Perhaps 2%

[marcusarelus]

Just now, Number 6 said:

Charts rarely wrong 555. That depends entirely on the data and who's making the charts.

 

Inflation is running at least 5% here. Thais really don't see much insofar as raises. Perhaps 2%

No it's not.  Back up your assertions with fact.  

[marcusarelus]

7 minutes ago, nauseus said:

Inflation is similarly low in the majority of major economies. It high in the basket cases like Venezuela. You still don't want to address the question of this thread. Maybe you should start your own?

Did you agree with my answer in post #57?