Popular Post digger70 Posted December 25, 2019 Popular Post Share Posted December 25, 2019 2 hours ago, miamiman123 said: The “Thaitanic”... break out the life rafts! They will get saved by the Subs . 1 5 Link to comment Share on other sites More sharing options...
NoBrainer Posted December 25, 2019 Share Posted December 25, 2019 How about lowering the interest rates to match other countries, that would stop the inflow of so called "Hot Money" in short order. Problem solved. 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post robsamui Posted December 25, 2019 Popular Post Share Posted December 25, 2019 2 hours ago, Denim said: Prayut added that the government has prepared a host of measures to cope with employee layoffs at some companies and shutdowns at others. THE MEASURES 1) Look the other way 2) Deny the problem is serious 3) Propagate fake news that there are more new factories opening than old ones closing 4) Encourage the unemployed to spend spend spend. 5) Silence government critics 6) Discourage tourists but expect more to come. 7) Ban opposing political parties on trumped up charges. You missed one . . . ???? get the TAT to supply the statistics. 3 5 Link to comment Share on other sites More sharing options...
Popular Post allenberg Posted December 25, 2019 Popular Post Share Posted December 25, 2019 2 hours ago, RichardColeman said: Translation : They would wait for it to go down on its own and take the credit by making up some fanciful policy in retrospect Bloomberg has already forcast a reversal in the value of the baht due to worsening economic factors. Not human intervention... 3 1 Link to comment Share on other sites More sharing options...
Popular Post Don Aleman Posted December 25, 2019 Popular Post Share Posted December 25, 2019 Much to late as tourists/foreign investors/potential expats who have gone elsewhere unlikely to return. 3 Link to comment Share on other sites More sharing options...
Popular Post bluesofa Posted December 25, 2019 Popular Post Share Posted December 25, 2019 51 minutes ago, digger70 said: They will get saved by the Subs . Is that food or football? 4 Link to comment Share on other sites More sharing options...
mike787 Posted December 25, 2019 Share Posted December 25, 2019 REALLY?????? HOW????? WHEN??? Link to comment Share on other sites More sharing options...
bluemoonpattaya Posted December 25, 2019 Share Posted December 25, 2019 (edited) Thai baht appears to be paired with USD, GBP exchange rate is half of what it was in 2005. the USD has faired much better than the GBP, in this time span. the other factor was the Brexit vote. 52 baht to the pound before the vote. Edited December 25, 2019 by bluemoonpattaya line missed Link to comment Share on other sites More sharing options...
Popular Post brucegoniners Posted December 25, 2019 Popular Post Share Posted December 25, 2019 It’s a shame that this government is clueless on how to regulate its currency. Bring in some experts from overseas. 4 Link to comment Share on other sites More sharing options...
Baerboxer Posted December 25, 2019 Share Posted December 25, 2019 5 hours ago, ezzra said: Tell me about it, the USD TT rate stand at 30.40 baht to 1 usd, this is a fantastic rate and good for those who convert THB to USD... Where did you get that rate. Oanda shows 30.09 ThB for 1 USD. Pound also down against the USD which makes it worse for Brits - back to between 38-39 ThB again! 1 1 Link to comment Share on other sites More sharing options...
Baerboxer Posted December 25, 2019 Share Posted December 25, 2019 10 minutes ago, brucegoniners said: It’s a shame that this government is clueless on how to regulate its currency. Bring in some experts from overseas. You are joking! And where might these experts all be hiding? 1 1 Link to comment Share on other sites More sharing options...
Popular Post Brunolem Posted December 25, 2019 Popular Post Share Posted December 25, 2019 A lot of nonsense in the posts above. Comments show that the posters have no idea how currency markets work. For the baht to go up, it has to be bought with...foreign currencies. Assuming that rich Thais wanted to push the baht up, they would need to buy baht with the foreign currencies they own. And we are not talking about a few millions, because to move a currency market you need a lot of money...and the rich don't have that much cash on hand, especially foreign cash...most of their wealth is in assets. On top of that, they would gain nothing in the process, having to sell their dollars at a loss, only to buy them back later... The fact is that Thailand is one of the rare countries that is not debauching its currency, making it attractive to those in search of safe markets. This is causing pain to Thailand in the short term, but countries that are engaged in destroying their currencies (US, UK, EU, Japan...) will suffer much much more in the not too distant future... Think about the grasshopper and the ant... 1 1 2 Link to comment Share on other sites More sharing options...
Baerboxer Posted December 25, 2019 Share Posted December 25, 2019 (edited) 16 minutes ago, Brunolem said: A lot of nonsense in the posts above. Comments show that the posters have no idea how currency markets work. For the baht to go up, it has to be bought with...foreign currencies. Assuming that rich Thais wanted to push the baht up, they would need to buy baht with the foreign currencies they own. And we are not talking about a few millions, because to move a currency market you need a lot of money...and the rich don't have that much cash on hand, especially foreign cash...most of their wealth is in assets. On top of that, they would gain nothing in the process, having to sell their dollars at a loss, only to buy them back later... The fact is that Thailand is one of the rare countries that is not debauching its currency, making it attractive to those in search of safe markets. This is causing pain to Thailand in the short term, but countries that are engaged in destroying their currencies (US, UK, EU, Japan...) will suffer much much more in the not too distant future... Think about the grasshopper and the ant... You are right. Thailand enjoys a healthy current account balance and excellent foreign currency reserves. Plus, as you say, the not debauching of its currency makes it attractive to those in search of safety. Prior to the devaluations the interest rates were very attractive too, and are still better than most and most offshore rates. Despite what some TVF posters insist on posting Thailand is viewed somewhat differently by the currency markets! Bloomberg forecast a reversal - but when is another question; and one they don't answer. Has strengthened again at the moment. Edited December 25, 2019 by Baerboxer 1 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted December 25, 2019 Popular Post Share Posted December 25, 2019 Don't bother. Baht should reach parity with USD. That way, I can return to USA as a multimillionaire. 1 2 Link to comment Share on other sites More sharing options...
Mick501 Posted December 25, 2019 Share Posted December 25, 2019 4 hours ago, tropo said: https://www.bloomberg.com/news/articles/2019-12-22/thai-baht-asia-s-best-performing-currency-faces-reversal A good read. Thanks for the link. 2 Link to comment Share on other sites More sharing options...
Huckenfell Posted December 25, 2019 Share Posted December 25, 2019 4 hours ago, malibukid said: i am boycotting the baht. spend my money elsewhere. Viet Nam seems a favourite place. Link to comment Share on other sites More sharing options...
ujayujay Posted December 25, 2019 Share Posted December 25, 2019 7 hours ago, Robert Tyrrell said: So far what I’ve seen is ALOT OF HOT AIR !! and Brown Envelopes getting FATTER !! Meanwhile the reality of honest working hard Thai People’s lively hoods being destroyed !! .......???????????? Link to comment Share on other sites More sharing options...
Ireland32 Posted December 25, 2019 Share Posted December 25, 2019 8 hours ago, ezzra said: Tell me about it, the USD TT rate stand at 30.40 baht to 1 usd, this is a fantastic rate and good for those who convert THB to USD... 8 hours ago, ezzra said: Tell me about it, the USD TT rate stand at 30.40 baht to 1 usd, this is a fantastic rate and good for those who convert THB to USD... What you talking about 30.08 is the dollar at TT currency in Pattaya Link to comment Share on other sites More sharing options...
Ireland32 Posted December 25, 2019 Share Posted December 25, 2019 2 hours ago, Baerboxer said: Where did you get that rate. Oanda shows 30.09 ThB for 1 USD. Pound also down against the USD which makes it worse for Brits - back to between 38-39 ThB again! Where does this guy get his figures Link to comment Share on other sites More sharing options...
Jaggg88 Posted December 25, 2019 Share Posted December 25, 2019 6 hours ago, RichardColeman said: 11 hours ago, webfact said: He said the measure is expected to be launched soon. Translation : They would wait for it to go down on its own and take the credit by making up some fanciful policy in retrospect They keep making these statements and the doing nothing. I expect they are hoping one of them will coincide with the actual fall of the THB and then take the plaudits. I bet they're bringing in all sorts of different fortune tellers to predict the fall. The one that get's it right will be rewarded handsomely. 19th century government in action. Link to comment Share on other sites More sharing options...
dallen52 Posted December 25, 2019 Share Posted December 25, 2019 I think any government plans in this country to form a committee, hold an investigation, meetings, or feasibility studies, normally leads to one outcome. A number of fat cats getting fatter, and richer, and millions of baht being distributed in the plain brown paper envelopes. A failure to plan, is a plan to fail. Sadly they have had their noses in the trough too long, and obviously enjoyed the benefits of the out of control strong baht. Link to comment Share on other sites More sharing options...
Popular Post Expat Tom Posted December 25, 2019 Popular Post Share Posted December 25, 2019 I left Thailand for Vietnam. I have been here for 2 weeks and have met at least 10 other farang who, like me , gave up on the LOS. THE BIGGEST REASON IS NOT THE BAHT.. MY ONE YEAR VISA FOR VIETNAM TOOK 10 MIN OB LINE AND COST $150 USD!!!! Thailand did not want the 120,000 baht that i spend there every month Stupid government!!!! I feel welcome in Vietnam. I would have perfered to stay in Thailand. 1 2 Link to comment Share on other sites More sharing options...
GeorgeCross Posted December 25, 2019 Share Posted December 25, 2019 is this a warning of an impending devaluation? 10,000 baht notes next week maybe? Link to comment Share on other sites More sharing options...
dallen52 Posted December 25, 2019 Share Posted December 25, 2019 (edited) Several words spring to mind. [<deleted>] "Management Economics." Both of these are sadly misunderstood in Thailand. Many industries are built around domestic and export markets. Domestic is normally made during normal periods and exports are made using incremental rates. Quite simply if the domestic economy is out of kilter the ability to manufacture for export does not have a sound footing.. Throw in the rampant baht and in a nutshell nobody can produce anything for export in Thailand. Not only does it depend upon the daily local consumption but also overseas countries being able to buy at an affordable baht rate. Currently costs about 30% more to buy any product made in Thailand and export it... So how do you export? The big companies rely heavily on 2 shift 100 hours a week production. It's simply not happening. And when the multi national companies pull out, they need huge incentives to return... Edited December 25, 2019 by metisdead Profane acronym removed. Link to comment Share on other sites More sharing options...
sambum Posted December 25, 2019 Share Posted December 25, 2019 Conscription for 10 years? Link to comment Share on other sites More sharing options...
LALes Posted December 25, 2019 Share Posted December 25, 2019 Look for 28 soon. Anytime one of these clowns starts spouting off, you know things will get worse. Link to comment Share on other sites More sharing options...
Popular Post Oziex1 Posted December 25, 2019 Popular Post Share Posted December 25, 2019 The Thai economy is where the elites want it to be. 2 1 Link to comment Share on other sites More sharing options...
Jiggo Posted December 25, 2019 Share Posted December 25, 2019 I am quite happy as it is, keeps all those nasty tourists away.... Link to comment Share on other sites More sharing options...
Ketyo Posted December 25, 2019 Share Posted December 25, 2019 Why would they tell Donald Trump they want to devalue their currency. He's going to put a bunch of sanctions on them. He doesn't give a toss whether poor or middle income countries and people get poorer. In fact he wants that to happen so that he and his buddies can get richer. 1 Link to comment Share on other sites More sharing options...
metisdead Posted December 25, 2019 Share Posted December 25, 2019 Posts using trolling memes have been removed. Link to comment Share on other sites More sharing options...
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