AndrewMciver Posted February 2, 2020 Share Posted February 2, 2020 1 hour ago, tropo said: You also fail to factor in how recovery after national disasters can stimulate the economy. Money starts working. You can't prevent forest fires in Australia just as you can't prevent draught or cyclones. After vast swathes of land have been burnt, the risk next year is already far lower. We will see how the exchange rate reacts. It's not solely Baht that people should look out for. But also inflation. If things in Thailand are getting more expensive, be it food, drinks, partying, massages, partying, then that inflation can play a far bigger role than any currency. Thai prices have become inflated - for many reasons of course. 1 Link to comment Share on other sites More sharing options...
tropo Posted February 2, 2020 Share Posted February 2, 2020 1 hour ago, AndrewMciver said: It's not solely Baht that people should look out for. But also inflation. If things in Thailand are getting more expensive, be it food, drinks, partying, massages, partying, then that inflation can play a far bigger role than any currency. Thai prices have become inflated - for many reasons of course. There's no point bringing up inflation. Every country has it. It's would only be a concern if the inflation in Thailand is higher than the country of where an expat's money is sourced. Link to comment Share on other sites More sharing options...
wasabi Posted February 3, 2020 Share Posted February 3, 2020 I am surprised the Baht has not weakened more. The economy was already tilting down and with the big tourism hit from the virus it is going down more. The Baht did drop but has been stable around 31.21 for a few days now. Link to comment Share on other sites More sharing options...
BritManToo Posted February 3, 2020 Share Posted February 3, 2020 27 minutes ago, wasabi said: The Baht did drop but has been stable around 31.21 for a few days now. That's cos XE doesn't move at the weekend. 1 Link to comment Share on other sites More sharing options...
Sparkles Posted February 3, 2020 Share Posted February 3, 2020 8 hours ago, tropo said: You also fail to factor in how recovery after national disasters can stimulate the economy. Money starts working. You can't prevent forest fires in Australia just as you can't prevent draught or cyclones. After vast swathes of land have been burnt, the risk next year is already far lower. We will see how the exchange rate reacts. Well the money is going to have to come from Government reserves. Centrelink is already being very generous in their payments.My daughter cut her own hours back after discussing it with her GH owners as they simply have no travelling visitors in the Mount Victoria/ Blue Mountains area which escaped the fires. So far just covered in ash from the Mt Gosper fire which burnt for 11 weeks During a visit to Centrelink she was amazed at the financial help and compensation she was offered. At no stage did she ,husband have to evacuate but the car was packed for a get away as they live on the edge of thousands of hectares of unburnt bush land, with no vehicular access for firefigherts just waiting to burn if some idiot decides to start a fire or a fire starst from lightening. Big country ,don't underestimate just how much area Australia still has left to burn. 1 Link to comment Share on other sites More sharing options...
observer90210 Posted February 3, 2020 Share Posted February 3, 2020 (edited) Sorry, still not low enough so not worth consuming in Thailand. Not to mention the prices in the shopping malls of Thailand that are equivalent or more then the prices of the shops in Europe !! Greed will be their loss in Thailand.... Edited February 3, 2020 by observer90210 Link to comment Share on other sites More sharing options...
AndrewMciver Posted February 3, 2020 Share Posted February 3, 2020 (edited) Pound Sterling falls again. Bloody Brexit hell will never end. Edited February 3, 2020 by AndrewMciver 1 Link to comment Share on other sites More sharing options...
tropo Posted February 4, 2020 Share Posted February 4, 2020 13 hours ago, observer90210 said: Sorry, still not low enough so not worth consuming in Thailand. Not to mention the prices in the shopping malls of Thailand that are equivalent or more then the prices of the shops in Europe !! Greed will be their loss in Thailand.... What are you referring to that is overpriced in shopping malls? Who is greedy? If people buy, then the price is right. Obviously imported goods are going to cost more than they do where they were produced. Have you not noticed the huge number of sales at most shopping malls. They are doing it very tough, and not because they are overpriced. Prudent shopping can get you great prices all year round. You'll do better than at markets. Link to comment Share on other sites More sharing options...
ivor bigun Posted February 4, 2020 Share Posted February 4, 2020 8 hours ago, AndrewMciver said: Pound Sterling falls again. Bloody Brexit hell will never end. Luckily i changed a load of cash on saturday ,was going to wait,but the misses said"remember what happened last time you waited)thanks love.???? Link to comment Share on other sites More sharing options...
thaicurious Posted February 4, 2020 Share Posted February 4, 2020 https://think.ing.com/articles/thailand-bahts-reversal-of-fortune/ ...We view 31-33 as a new higher trading range for the USD/THB rate in 2020 and we see it trading close to the top end of this range over the next three months.... The Thai baht’s (THB) 3.7% depreciation against the US dollar in January represents a reversal of fortune ... The 8.6% appreciation in 2019 was the highest among Asian currencies... ...We have revised our end-2020 view for the pair to 32.50 Link to comment Share on other sites More sharing options...
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