THai baht stronger and stronger

[parafareno]

WHy is this happening? I remember few years back 1 euro was like 45 bahts....not little over 30.....

Is it inflation in Thailand or what

I also talk with some girl working in some office and she earns like 1100 usd......few yers back every girl i talked to earned 300 usd per month

 

 

[FritsSikkink]

It is called Thailand's economy is doing good.

[RichardColeman]

48 minutes ago, parafareno said:

I also talk with some girl working in some office and she earns like 1100 usd

She tell you about her flying car and ability to predict the future too ? 

[ravip]

6 minutes ago, FritsSikkink said:

It is called Thailand's economy is doing good.

Incredible that some find it difficult to comprehend this...

Is it that only 'my home' country's economy should flourish?

[FritsSikkink]

5 minutes ago, RichardColeman said:

She tell you about her flying car and ability to predict the future too ? 

33K a month isn't that much, there are loads of people who earn a lot more.

[SteveK]

52 minutes ago, FritsSikkink said:

33K a month isn't that much, there are loads of people who earn a lot more.

Even more people who earn a lot less.

Edited October 5, 2019 by SteveK

[Puchaiyank]

Thailand's economy is doing so well as for the past few years the government has taken strong positions on corruption, human trafficking, drug smuggling, slave labor, and illegal immigrants...and that is just in the ex-pat community...????

[PatOngo]

It's a good time to be earning Thai Baht. ????

[FritsSikkink]

38 minutes ago, SteveK said:

Even more people who earn a lot less.

Do you feel better now?

[alacrity]

Baht's lagging the Yuan. What's going to happen if Trump gains a second term?

[alacrity]

5 hours ago, Puchaiyank said:

Thailand's economy is doing so well as for the past few years the government has taken strong positions on corruption, human trafficking, drug smuggling, slave labor, and illegal immigrants...and that is just in the ex-pat community...????

Say what???

Where's the corroborative data to support?

[villerupt]

don't forget the question please ...

anybody to explain clearly, without too much technical details, why the THB is so strong?

thx

[PatOngo]

13 hours ago, alacrity said:

What's going to happen if Trump gains a second term?

America will gain another 4 years of disrespect! Voters can't be that naive, can they?

[AsiaCheese]

20 minutes ago, PatOngo said:

Voters can't be that naive, can they?

Yes they can...!

[craigieboy1973]

Like ...girl in office now only 300 you mean office agogo 55555

Yes more i dian chinese less monwy for them 

[BigFun]

53 minutes ago, villerupt said:

don't forget the question please ...

anybody to explain clearly, without too much technical details, why the THB is so strong?

thx

Well, from what I understand, and often gets little mention...there were massive inflows for the buying of short term govt bonds. Demand for buying these, in baht, drove the baht price up, as is the case for the GBP, due to the need to use the English financial system in GBP. Now the govt has finally made some restrictions on these inflows - withholding taxes etc the demand should (And as I understand it, has) subside, at least partially.

[soalbundy]

58 minutes ago, PatOngo said:

America will gain another 4 years of disrespect! Voters can't be that naive, can they?

Nobody ever went broke underestimating the sense of good taste of the American public

[HHTel]

22 hours ago, parafareno said:

WHy is this happening? I remember few years back 1 euro was like 45 bahts....not little over 30.....

Is it inflation in Thailand or what

I also talk with some girl working in some office and she earns like 1100 usd......few yers back every girl i talked to earned 300 usd per month

 

Wages in Thailand increased to 14353.55 THB/Month in the second quarter of 2019 from 13995.56 THB/Month in the first quarter of 2019. Wages in Thailand averaged 9684.42 THB/Month from 1999 until 2019, reaching an all time high of 14353.55 THB/Month in the second quarter of 2019 and a record low of 6344 THB/Month in the first quarter of 2000.

 

• Historical
• Data
• API

[dotpoom]

22 hours ago, parafareno said:

I also talk with some girl working in some office and she earns like 1100 usd......few yers back every girl i talked to earned 300 usd per month

 

 

This subject has been talked to death in the last few days alone.

  But I find the above surprising...a Thai office worker getting paid in USD... Next thing we'll be hearing they are getting paid in GBP...some other currency?

[Isaan sailor]

Thai Baht strong because Bank of Thailand prefers to take in hot money inflows from foreign (Chinese) buyers.  It bolsters foreign currency reserves--and lines some pockets.  They don't really care about expats, western tourism or exports.  And this suits their master, China, just fine.

[HHTel]

Girls working in bars still get around 9,000 baht (300 USD) but boosted by 'extras'.

 

The Thai baht is strong due to the Thai economy - GDP, Capital inflows, low inflation, massive foreign reserves, etc etc.

[kingofthemountain]

22 hours ago, parafareno said:

WHy is this happening? I remember few years back 1 euro was like 45 bahts....not little over 30.....

Is it inflation in Thailand or what

Nothing to do with the inflation (Around 1% by year)

Trying to explain with some simple things

the value of a currency is based on few elements

(Rationals or not) and one of them is the country's ''value'' 

determined by the global wealth supposed to guarantee the currency.

The global wealth include gold and foreign currency reserves.

Thailand has a lot of foreign currency reserves, brought by tourists but

mostly by ''investissors'' (They try to escape the taxes in their country and\or it's money laundering, and Thailand seems to be a safe a easy place for them)

nothing to do with a real ''good'' economy

if the real thai economy was so ''good'', why to launch the 1000 bahts scheme ''chim.shop.chai''?

 

''The new study indicates that despite significant growth in average wealth, which increased from US$3,350 per adult in 2000 to US$9,969 in 2018, millions of Thais have been mired in grinding poverty while the richest citizens have kept their stranglehold on opportunities for personal wealth creation'' (19 dec 2018)

 

Edited October 6, 2019 by kingofthemountain

[theonetrueaussie]

1 hour ago, PatOngo said:

America will gain another 4 years of disrespect! Voters can't be that naive, can they?

yeah they should be smart and vote in the democrats that will destroy america instead!! Why would you want a country to flourish when you can just usher in socialism and destroy it ????????

[rwill]

Wasn't there an article a little while ago about Kingpower buying up property in the UK?  I'm sure other rich Thai families are doing similar.  Once they are done then the baht will go back down.

[GalaxyMan]

45 minutes ago, theonetrueaussie said:

yeah they should be smart and vote in the democrats that will destroy america instead!! Why would you want a country to flourish when you can just usher in socialism and destroy it ????????

Try telling that to Denmark, Sweden, Norway, Finland, Iceland, Netherlands...total nonsense.

[roobaa01]

21 hours ago, Puchaiyank said:

Thailand's economy is doing so well as for the past few years the government has taken strong positions on corruption, human trafficking, drug smuggling, slave labor, and illegal immigrants...and that is just in the ex-pat community...????

oh yeah, here are numbers gdp growth down from 5 to 7% to 2.7 %, export growth down from 3 to 4 % to minus 2 to 0 %. now they want allow thais to stockpile debts externally, then it goes like 1996. wondering how long before moodys, fitch revise their grading ??

 

wbr

roobaa01

[BestB]

Budget surplus , huge foreign reserves and capital inflow is why this is happening .

 

how true or inflated any of the above is anyone’s guess

[marin]

23 hours ago, parafareno said:

I also talk with some girl working in some office and she earns like 1100 usd......few yers back every girl i talked to earned 300 usd per month

 

So you are upset that the Thai's are finally making a fare wage?  Think a little bit more globally, and a little less about the past and yourself..

[Trentham]

1 hour ago, theonetrueaussie said:

yeah they should be smart and vote in the democrats that will destroy america instead!! Why would you want a country to flourish when you can just usher in socialism and destroy it ????????

At first I thought you were another redneck but then I noticed you were just an Ocker.

[Nanaplaza666]

23 hours ago, RichardColeman said:

She tell you about her flying car and ability to predict the future too ? 

1100 dollars is about 33000 baht , there are enough people who work in an office that make this a month .