balo Posted July 25, 2019 Share Posted July 25, 2019 Fake news! 2 Link to comment Share on other sites More sharing options...
Popular Post Seismic Posted July 25, 2019 Popular Post Share Posted July 25, 2019 I just checked this article and the heading reads "Overseas Thai workers unable to pay debts back home due to baht appreciation" So, either they corrected it on their website, or someone is telling porkies ???? 1 1 1 Link to comment Share on other sites More sharing options...
djayz Posted July 25, 2019 Share Posted July 25, 2019 2 hours ago, Misterwhisper said: Is this a case of serious misreporting by The Nation? I have just looked up the USD:THB exchange rate and it is 30.86 THB for 1 USD. Or are they talking about the CAD, which stands at 23.49. If she lives and works in Canada, then yes, it's probable the CAD that's meant here. 1 Link to comment Share on other sites More sharing options...
Steve Vincent Posted July 25, 2019 Share Posted July 25, 2019 im a frequent visitor to Thailand and have a family to support myself,can remember my first visit to this beautiful country when the exchange rate was 72 baht to the British pound. When the recession hit the baht dropped overnight to 54 from around 68 and its continued dropping ever since. The country has been run by the army in recent years,yes they've improved roads,hospitals and much more however the banks have continued to remain strong ? Corruption has been rife in recent years - tourism has dropped to around 42% ex pats have had to move back to the U.K. Exports have also dropped because of the Thai baht - remember reading in the Bangkok post,Thai banks have purposely devalued the baht as they f/c the markets ahead. I'm predicting the baht will crash as it cannot sustain its current level. Those overseas Thai workers will struggle to repay there agreed payments in turn some will lose there houses and land,that's inevitable I'm afraid,. Also foreign travelers have a right to complain as when taking money from atm Thai bank your charged a different rate and your penalized 250 baht to get your money and under the current exchange rates that makes trips to Thailand less appealing. Today's exchange rate between 36 & 38 baht to the pound. If it continues to devalue the pound then i will be left with no other option than remove my family and move back to England on a full time basis. Tourism has seen bars shops and businesses cease trading within the last 2yrs 2 Link to comment Share on other sites More sharing options...
androokery Posted July 25, 2019 Share Posted July 25, 2019 Kannada is working in Canada...? 2 Link to comment Share on other sites More sharing options...
cerox Posted July 25, 2019 Share Posted July 25, 2019 I think for those from the EU as me many set 30 THB for EUR now as a final limit. Now we are scratching the 33mark (1% fee Transferwise included to the midmarket rate). Never seen a worse rate. It is also because the EUR is super-weak, but still in other countries (because their currency is not so strong at the same time) it gets more appealing. Link to comment Share on other sites More sharing options...
from the home of CC Posted July 25, 2019 Share Posted July 25, 2019 3 hours ago, spidermike007 said: No, that is not correct. The woman was working in Canada. 22 baht sounds about right for the looney, especially when transferred from overseas. Actually closer to 23, but some commissions and fees are involved, probably. No doubt this is taking it's toll on millions of Thai people, between overseas workers, people working in the export industries, and people working in tourism. The overly inflated value of the baht is decimating alot of families, hurting alot of good and honorable ex-pats, and tourists alike. One can only hope with the continue gross incompetency of this administration, combined with the dramatic decline in tourism, that the baht eventually corrects itself, and assumes it's rightful place at a far lower rate than it currently occupies! No, the reason she's feeling it is our land locked low priced oil which has knocked the shit out of our dollar. A few years back we were almost par with the US buck, this has dick to do with the Thai Baht Link to comment Share on other sites More sharing options...
arithai12 Posted July 25, 2019 Share Posted July 25, 2019 3 hours ago, spidermike007 said: No, that is not correct. The woman was working in Canada. 22 baht sounds about right for the looney, especially when transferred from overseas. Actually closer to 23, but some commissions and fees are involved, probably. Actually the article says 3 hours ago, webfact said: one US dollar fetching only Bt22 – a large drop over the usual Bt30 rate If they meant CAD, then why Bt30 rate... last time it was there it was 2014, not exactly "usual". So no mattter how you want to look at it, there is one or two huge mistakes in the article, or the workers have been seriously scammed, or both. Link to comment Share on other sites More sharing options...
Popular Post Travello01 Posted July 25, 2019 Popular Post Share Posted July 25, 2019 The Nation: "When you think about it, the real victims of an over-inflated Baht are the Thai people in Western nations." She should be thankful that she is allowed to work without restrictions! We are blackballed in her country of origin and targeted by their immigration. Is it time for them to consider some compromise? NO! They tighten restrictions on us. 3 1 1 Link to comment Share on other sites More sharing options...
madmen Posted July 25, 2019 Share Posted July 25, 2019 Seriously no articles from them should be believed ever . 1 1 Link to comment Share on other sites More sharing options...
dcnx Posted July 25, 2019 Share Posted July 25, 2019 3 hours ago, edwinchester said: If ever there was an article proving The Nations journalists know next to nothing about the subject they're reporting this is it. What else is new? Journalism in Thailand is right up there with being a policeman when it comes to doing a good job. 1 1 Link to comment Share on other sites More sharing options...
RotBenz8888 Posted July 25, 2019 Share Posted July 25, 2019 (edited) 1 hour ago, androokery said: Kannada is working in Canada...? To crown this rubbish article. Im sure they mixed up her name with the country. Unbelievable. Edited July 25, 2019 by RotBenz8888 Link to comment Share on other sites More sharing options...
dcnx Posted July 25, 2019 Share Posted July 25, 2019 Don’t care. Thais are not the only ones who feel the pinch. 1 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted July 25, 2019 Popular Post Share Posted July 25, 2019 ""Mom! I got a job writing stories for the Nation!" "You don't want to herd buffalo any more?" 3 Link to comment Share on other sites More sharing options...
Isaanbiker Posted July 25, 2019 Share Posted July 25, 2019 4 hours ago, PhonThong said: Someone is really ripping them off. The USD today is at 30.89 baht. It's not about the Trump dollar here. 1 Link to comment Share on other sites More sharing options...
CygnusX1 Posted July 25, 2019 Share Posted July 25, 2019 The mathematical illiteracy of journalists never ceases to astound me. Those in my native country of Australia can be just as bad. 1 Link to comment Share on other sites More sharing options...
Justgrazing Posted July 25, 2019 Share Posted July 25, 2019 4 hours ago, webfact said: Thai labourers from the northeast who are working overseas urged the new government on Thursday to address the fall in the value of baht currency, which has seen one US dollar fetching only Bt22 – a large drop over the usual Bt30 rate. Are there no pyramid schemes abroad for 'em to plug into to make up the shortfall .. 2 Link to comment Share on other sites More sharing options...
Huayrat Posted July 25, 2019 Share Posted July 25, 2019 Unlucky.. Welcome to my world.. 1 1 Link to comment Share on other sites More sharing options...
Popular Post thaiguzzi Posted July 25, 2019 Popular Post Share Posted July 25, 2019 2 hours ago, BestB said: I am guessing they sending it back via western union which gives crappy rate and also charges high fees so it may in the end work out to be 30% less than the actual rate Guess wrong. That was in the bad old days 10-15 years ago. Most are savvy enough to send via bank to bank these days. Even illegal migrant workers have a way or a friend of sending money via the banks. Back to the Op. Yes it is badly written and badly reported. However, bar the odd decent intelligent post that spotted reporting/translating foibles, the majority of posts are the usual bitter, twisted "serve 'em right" xenophobic rants. Our exchange rate is crap, and i'm hurting, so Som Nom Na. Pathetic. By the way, i'm hearing even migrant workers in South Korea are suffering with the exchange rate and sending money home. 1 2 Link to comment Share on other sites More sharing options...
asiaexpat Posted July 25, 2019 Share Posted July 25, 2019 Just another Nation error. Should have stated Canadian Dollar, not US. Only takes a quick look at the exchange rates to determine the error, but Nation reporters are not up to the internet technology apparently. Sad media. 1 Link to comment Share on other sites More sharing options...
moe666 Posted July 25, 2019 Share Posted July 25, 2019 Yes flawed but the meat came thru workers cannot pay their debts in Thailand, geez guys get over it Link to comment Share on other sites More sharing options...
EricTh Posted July 25, 2019 Share Posted July 25, 2019 Misleading title. It's not baht plunge but baht strength. The baht is strengthening against most currencies. It should be Canadian dollar and not US dollar. Can't they do some editing first before publishing? 2 Link to comment Share on other sites More sharing options...
inThailand Posted July 26, 2019 Share Posted July 26, 2019 At least one Thai understands and has first hand pain that many expats feel. Link to comment Share on other sites More sharing options...
Bob12345 Posted July 26, 2019 Share Posted July 26, 2019 Is this the same lady who complained in a video a couple of years ago that the baht was too weak and she was repaying all her debts too quickly? No, didnt think so either. 1 Link to comment Share on other sites More sharing options...
frozenpuck Posted July 26, 2019 Share Posted July 26, 2019 - Overseas Thai workers unable to pay debts back home due to baht plunge - Its not due to the Baht plunging, its due to it RISING. And the 22 baht exchange is Canadian dollar not US. Just a couple of minor typos geeez. Link to comment Share on other sites More sharing options...
RichardColeman Posted July 26, 2019 Share Posted July 26, 2019 I'm sure this will be twisted into "Dem dere Farangs deliberately making it hard for workers abroad" Link to comment Share on other sites More sharing options...
hotchilli Posted July 26, 2019 Share Posted July 26, 2019 19 hours ago, webfact said: The plunge in value has made earnings that they have sent back to Thailand shrink significantly and has left them unable to repay debts at home. Som nam na.... what goes around comes around.... welcome to the expat world !!! 1 1 Link to comment Share on other sites More sharing options...
Atens4 Posted July 26, 2019 Share Posted July 26, 2019 Thailand is getting more and more expensive Link to comment Share on other sites More sharing options...
Thingamabob Posted July 26, 2019 Share Posted July 26, 2019 Wrong use of the word 'plunge'. Maybe a translation error ? Link to comment Share on other sites More sharing options...
thaiguzzi Posted July 26, 2019 Share Posted July 26, 2019 35 minutes ago, hotchilli said: Som nam na.... what goes around comes around.... welcome to the expat world !!! See what i mean? I rest my case. 14 hours ago, thaiguzzi said: the majority of posts are the usual bitter, twisted "serve 'em right" xenophobic rants. Our exchange rate is crap, and i'm hurting, so Som Nom Na. Pathetic. 1 Link to comment Share on other sites More sharing options...
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