dallen52 Posted November 7, 2019 Share Posted November 7, 2019 21 hours ago, sammieuk1 said: The baht <THB=TH> fell up to 0.63% after the announcement, touching its weakest level to the dollar in nearly three weeks. The baht is emerging Asia's best performing currency this year. Or a thimble full of wine???? Don't get me started on wine. 160 baht in Australia.. Link to comment Share on other sites More sharing options...
steevjee Posted November 7, 2019 Share Posted November 7, 2019 26 minutes ago, dallen52 said: Don't get me started on wine. 160 baht in Australia.. Singha song of sixpence ???? Link to comment Share on other sites More sharing options...
madmen Posted November 7, 2019 Share Posted November 7, 2019 ING said the baht was likely to stretch its bull run into the year-end. says it all Link to comment Share on other sites More sharing options...
Lacessit Posted November 7, 2019 Share Posted November 7, 2019 1 hour ago, dallen52 said: Don't get me started on wine. 160 baht in Australia.. Jacob's Creek is a very average wine in Oz. Not sure where the winemaker gets the front to describe a Shiraz and Cabernet blend as classic. At 33 AUD here, I'm not buying. Link to comment Share on other sites More sharing options...
kingdong Posted November 7, 2019 Share Posted November 7, 2019 75 baht to the £ december experts predict Link to comment Share on other sites More sharing options...
spiroinusa1 Posted November 7, 2019 Share Posted November 7, 2019 every Christmas Link to comment Share on other sites More sharing options...
dallen52 Posted November 8, 2019 Share Posted November 8, 2019 15 hours ago, Lacessit said: Jacob's Creek is a very average wine in Oz. Not sure where the winemaker gets the front to describe a Shiraz and Cabernet blend as classic. At 33 AUD here, I'm not buying. Even the better labels are only around the $12 / 240 baht in Australia. Once that excise sticker goes on a bottle here, ka ching, ka ching. Link to comment Share on other sites More sharing options...
brianthainess Posted November 9, 2019 Share Posted November 9, 2019 Now the Baht has dropped, this month i might treat myself to some peanuts to celebrate. ???? Link to comment Share on other sites More sharing options...
saengd Posted November 9, 2019 Share Posted November 9, 2019 On 11/7/2019 at 10:37 AM, Xonax said: I guess that the Chinese and Indian tourists does not spend much money on expensive wine and other stuff, while vacationing in Thailand. But Thailand still won´t admit, that the western tourists should have been more appreciated, before they found other holiday destinations. The original Thailand that western tourists fell so hard in love with, does no longer exist. Today´s massive concrete hotels located side by side in tourist destinations, leading their faecal waste directly out in the ocean, does not attract any quality tourists. Most Westerners still don't get that Thailand doesn't care about one tourism model over another, Western or Asian, it doesn't matter. The Western model remained the key one for so many years, the beer bars and the ago-go's but that changed to the mass tourism group with flag leading tour guides and daily speedboat trips out to the islands and buffet dinners for 299 baht.....it's all revenue, it's all income and the Asian mindset is to make a little bit of profit from each of a large number of customers. Should the Western tourist have been more appreciated? Well, India and China both have their fair share of high spenders and I doubt many of them break the rules to the same extent, percentage wise, as their Western counterparts have, necessitating radical changes in visa laws and immigration sweeps. One thing is certain however, as soon as the GBP/THB exchange rate returns to sane territory, the Brit/European tourists at least will be back in their droves, faecal matter or not! Link to comment Share on other sites More sharing options...
kingdong Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 2:21 AM, phkauf said: Playing the currency game is a dangerous game for Central Banks (Governments) and it looks like Thailand is going to learn a hard lesson in the near future. While they might have had a sugar high when the Baht was strong, it has come at the cost of killing the economy. Exports are suffering - just the other day rice exporters are crying about how Thai rice is uncompetitive, which makes sense since it's basically a commodity with little differentiation. The hoped for benefit of the US - China trade spat is unlikely to happen now that is coming to an end. Plus with the high Baht, Vietnam and others are more attractive locations as an alternative to Thailand. The tourism sector is bleeding out. While it's mostly anecdotal (more reliable than TAT), there are constant stories about how this is the worst season in years. I was speaking with a friend yesterday who wholesales high priced wine to hotels and restaurants in Bangkok and this year is horrible. Tourists are not spending on the luxuries like the used to. Sadly, there is no easy solution to this mess. If they lower rates more to stimulate the economy, that could lead to an outflow of the hot money which would drop the baht but that could also get out of control as well. It looks like the BoT is about as well managed as THAI Airlines. Good post,think the baht will crash soon,you can only blow up a balloon so far before it exploded in your face. Link to comment Share on other sites More sharing options...
billd766 Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 8:00 PM, kingdong said: 75 baht to the £ december experts predict I would love to see that happen and I know that it will the day I win the Thai lottery. Link to comment Share on other sites More sharing options...
White Christmas13 Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 9:24 AM, jarda said: What dip? Cheese Dip? Link to comment Share on other sites More sharing options...
White Christmas13 Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 4:37 PM, Lacessit said: I'm just wondering where the doomsayers who were predicting the AUD was only going to buy 15 baht have gone. I was quoted 19.6 today in Perth but in Pattaya 20.46 Link to comment Share on other sites More sharing options...
White Christmas13 Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 8:15 PM, steevjee said: Singha song of sixpence ???? Well I bought a 5 liter box today of decent dry red in Perth and I paid $16 so that is about 320 baht. Link to comment Share on other sites More sharing options...
kingofthemountain Posted November 15, 2019 Share Posted November 15, 2019 On 11/7/2019 at 9:37 AM, Miami007 said: If it were easy.. everyone would do it Exchange rates don't always do what politicians want them to do. And the USA is not looking favorably on countries which take measures to lower their currencies (currency manipulators). So Thailand seems to be caught between a rock and a hard place. Many of the countries in SE Asia have fairly small economies.. their currencies can easily be impacted by outside forces and they cannot do much about it I am not saying it's easy but the gouverment can decide to control the incoming capital (The actual level limit for the foreign investissors is ridiculously high) and release or even encourage the capitals outflows (The limit is actualy ridiculously low)? And in the same time start to use the mountain of foreign devises reserves with a massive investissment in the health, education, ecology and so on. It should help a little bit if it's not too late now..... Link to comment Share on other sites More sharing options...
Cryingdick Posted November 15, 2019 Share Posted November 15, 2019 Hopefully the Baht can climb up a bit higher. I have maybe two or three thousand Baht left over from my days in Thailand. A ten percent upside to the Dollar and I would probably cash it out. Link to comment Share on other sites More sharing options...
Cryingdick Posted November 15, 2019 Share Posted November 15, 2019 On 11/9/2019 at 4:44 PM, saengd said: Most Westerners still don't get that Thailand doesn't care about one tourism model over another, Western or Asian, it doesn't matter. The Western model remained the key one for so many years, the beer bars and the ago-go's but that changed to the mass tourism group with flag leading tour guides and daily speedboat trips out to the islands and buffet dinners for 299 baht.....it's all revenue, it's all income and the Asian mindset is to make a little bit of profit from each of a large number of customers. Should the Western tourist have been more appreciated? Well, India and China both have their fair share of high spenders and I doubt many of them break the rules to the same extent, percentage wise, as their Western counterparts have, necessitating radical changes in visa laws and immigration sweeps. One thing is certain however, as soon as the GBP/THB exchange rate returns to sane territory, the Brit/European tourists at least will be back in their droves, faecal matter or not! I think maybe the Thais over estimated what Farang really have awhile back. Imagine you meet this guy he seems filthy rich you go to nice places and life is good. Now you marry him and his last 400K goes into a bank and the price of flip flops suddenly matter. Link to comment Share on other sites More sharing options...
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