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Australian dollar

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Ever the optimist - I think the time is ripe for the Generals and Hi So class to cash in big time on their American dollar purchases, devalue the Thai baht and reap the harvest. Say a devaluation of 20% - not a bad harvest if you are an insider.

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  • emptypockets
    emptypockets

    Failing some world changing event get used to 19 baht to the dollar until the mid 2020's. The Asian Century is upon us. Same as the Aussie buck 5 years 2010 to 2015 were good times, now it is the

  • IsaanAussie
    IsaanAussie

    Interest rates in Australia will be negative soon enough if the government passes the new legislation limited using cash to $10,000 (2 years jail penalty). Plenty of info of the web. The issue we have

  • STALINGRAD
    STALINGRAD

    As the Chinese economy is slowing it may also weaken the AUD.The baht should hold and gain some in this trade.There have been attempts recently to weaken the baht,but inflows are strong and growth is

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1 hour ago, poyai111 said:

Ever the optimist - I think the time is ripe for the Generals and Hi So class to cash in big time on their American dollar purchases, devalue the Thai baht and reap the harvest. Say a devaluation of 20% - not a bad harvest if you are an insider.

what stopped you doing the same?

More grim news for the AUD. The Reserve Bank has announced it is prepared to take drastic action should the Australian economy falter, which it likely will.

They are contemplating cutting the official interest rate a further 0.5% mid next year and then perhaps to 0% if the economy continues to weaken. 

The consequences are crystal ball stuff but assuredly will not be good for expats.

 

https://www.smh.com.au/politics/federal/cash-rate-could-fall-to-zero-as-rba-fights-to-meet-forecasts-20190801-p52d1f.html

Edited by Cadbury
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The immigration requirement prompted me to move over to Thai banking. Glad I did. With the planned cash limitation law, the existing law that allows the govt to grab your money, and the trend to negative rates, Australian banks are not a safe place to be.

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