5 minutes ago, BritManToo said:

Fuel for my m/c was 33bht/l when I first arrived in 2009. Yesterday I paid just under 25bht/l.

My apartment was 5000bht/month in 2009, today I can rent that same apartment for the same price.

You're posting nonsense.

Up to you to make sense, for yourself.????

22 hours ago, Tayaout said:

Like a Chinese depression? 

I phoned the local chinese takeaway and ordered 20 number 6 for the party I was holding

I got depressed when they delivered these. Is that what you mean?

How is it that tourism can move a currency? Really is a banana republic.

9 hours ago, Number 6 said:

How is it that tourism can move a currency? Really is a banana republic.

There is also the possibility that a bat in China has weakened all the bahts in Thailand a wee bit.

Just got 41.2bht/pound.

16 minutes ago, BritManToo said:

Just got 41.2bht/pound.

If this keeps up I will put an extra beer on the monthly shopping list.

1 hour ago, overherebc said:

If this keeps up I will put an extra beer on the monthly shopping list.

Why not? Have one for me

1 hour ago, BritManToo said:

Just got 41.2bht/pound.

Pound Sterling (GBP) has risen by 0.5% against the Thai Baht (THB) today, hitting a two-week interbank exchange rate high of THB42.8580. ... If the GDP reading grows instead of falling then the Pound could rise further against the Baht on GBP trader optimism

1 minute ago, ChipButty said:

Why not? Have one for me

OK but it won't be a Corona.

????????????

On 1/30/2020 at 6:08 PM, ravip said:

WOW! What the lovely 'guests' wishes for Thailand!!!

Anyone surprised about the new immigration laws? I dunno about the Baht diving, but the immigration laws will sure rise...

Who's to blame?

The central bank of Thailand itself does not want an overly strong baht and would prefer 32-33 USD. 

On 1/31/2020 at 8:47 AM, Brickbat said:

According to the IMF's real effective exchange rate calculations, which take into account Thailand's trade flows, the currency's already well overvalued. It's at the strongest by that measure since its crash in 1997, which triggered the Asian financial crisis.Oct 24, 2019

https://www.bloomberg.com › articles

 

 

If you believe the IMF on anything, I have a bridge to sell you.  They couldn't tell their @$$ from a hole in the ground 

Some troll posts have been removed. 

On 1/30/2020 at 8:34 PM, teatime101 said:

I don't know about other countries, but Australia had around 450 deaths from the flu last year. Fewer than 200 deaths in a country of well over one billion would suggest it's not time to panic yet.

Here is your answer: total death from the flu, worldwide, around 650,000 per year!

 

So what's so frightening about those 250 deaths related to the coronavirus?

 

Probably that we are not told the whole story...by a long shot...

A post containing a link to Bangkok Post has been removed:

 

26) The Bangkok Post and Phuketwan do not allow quotes from their news articles or other material to appear on Thaivisa.com. Neither do they allow links to their publications. Posts from members containing quotes from or links to Bangkok Post or Phuketwan publications will be deleted from the forum.

6 hours ago, yourauntbob said:

If you believe the IMF on anything, I have a bridge to sell you.  They couldn't tell their @$$ from a hole in the ground 

 

They are not geologists.

 

~o:37;

On 1/30/2020 at 7:14 PM, alex8912 said:

I did better than that I got 31.19 to the dollar at exchange this afternoon. 

Before the previous thread was closed and opened here somebody said the baht had dropped 2 points against the USD in 2 months. 

Not true, but I'm still happy about the 1 baht more I'm getting now. 

 

If I had bought my house here now instead of the end of November I would have saved over $7,000.

 

Oh well, can't look back I guess. 

Australians should not expect any great improvement for their $A v the baht.The economy has been devastated by the fires which by the way are at this time bearing down on Canberra. 

 

In some areas that rely on tourism its deadsville .My daughter manages a GH in the Blue Mountains, the number 2 spot in NSW for foreign visitors, she said its like a ghost town.

 

Add the Chinese virus factor, its a perfect storm.

 

The $A is just hanging in their with no improvement.Some will remember when it was 32 baht to the $A now 20.8.

47 minutes ago, Sparkles said:

Australians should not expect any great improvement for their $A v the baht.The economy has been devastated by the fires which by the way are at this time bearing down on Canberra. 

 

In some areas that rely on tourism its deadsville .My daughter manages a GH in the Blue Mountains, the number 2 spot in NSW for foreign visitors, she said its like a ghost town.

 

Add the Chinese virus factor, its a perfect storm.

 

The $A is just hanging in their with no improvement.Some will remember when it was 32 baht to the $A now 20.8.

Nine news headline a few weeks ago was its further hit hard with the Chinese tourists. Same problem as Thailand. AUSTRALIA is the perfect storm being battered from all directions 

1 hour ago, RocketDog said:

Before the previous thread was closed and opened here somebody said the baht had dropped 2 points against the USD in 2 months. 

Not true, but I'm still happy about the 1 baht more I'm getting now. 

 

If I had bought my house here now instead of the end of November I would have saved over $7,000.

 

Oh well, can't look back I guess. 

 

I keep track of my monthly, start of the month ATM withdrawals here using a U.S. MC debit card with no fees.

 

Nov. 1 was 30.10

Nov. 29 was 30.17

Jan. 2 was 29.70

Jan. 31 was 30.916

On 1/30/2020 at 3:59 PM, RotMahKid said:

When I came here, I was more lucky and the thb/eur was over 50 for a while, that time will never come again. However never say never again ^^

I would think you are unlucky, as you've experienced a much higher inflation rate compared to people who arrived when the rate was in the 30's.   

1 hour ago, Sparkles said:

Australians should not expect any great improvement for their $A v the baht.The economy has been devastated by the fires which by the way are at this time bearing down on Canberra. 

 

In some areas that rely on tourism its deadsville .My daughter manages a GH in the Blue Mountains, the number 2 spot in NSW for foreign visitors, she said its like a ghost town.

 

Add the Chinese virus factor, its a perfect storm.

 

The $A is just hanging in their with no improvement.Some will remember when it was 32 baht to the $A now 20.8.

Not necessarily true. The AUD can offer surprises. As a highly traded currency on the world FX market, it is driven by market sentiment, not real economics. Australia is no stranger to natural disasters (floods, drought and fires) and they can stimulate the economy. The 30 plus exchange rate of AUDTHB was a brief moment in history that was soon corrected. It was not a realistic level and should not be used for comparative purposes. I can remember when the AUD was under USD $0.50. One could just as easily say that historically the AUD is doing well.

 

Well Thai govt don't want strong baht. Guess they get what they want now eh.................

 

Except they don't get bonus of increase tourist but much less tourist ????

Edited February 1, 20206 yr by Acrylic

14 hours ago, tropo said:

Not necessarily true. The AUD can offer surprises. As a highly traded currency on the world FX market, it is driven by market sentiment, not real economics. Australia is no stranger to natural disasters (floods, drought and fires) and they can stimulate the economy. The 30 plus exchange rate of AUDTHB was a brief moment in history that was soon corrected. It was not a realistic level and should not be used for comparative purposes. I can remember when the AUD was under USD $0.50. One could just as easily say that historically the AUD is doing well.

 

I don't, with respect,think you have factored in the massive hit the fires have had on the Australian economy and the full repercussions of them are only just emerging.This is no ordinary bush fire season and my family and many friends confirm my thoughts through their communications and they are on the ground watching it unfold.

 

Yes the 32 baht was unrealistically high but 17 yrs back it was 26 baht which was stable for quite some time.

 

The amount of money which will need to be spent by the Government on prevention of this happening again before next summer will be astronomical. Infrastucture has been largely ignored.

The farming community is on its knees and other countries, having their own financial woes, are lessening their demand for our resources.Tourism which we rely so heavily on is down a massive amount. I fail to see any positives at this stage but would welcome some good news

On 1/30/2020 at 6:16 PM, BRUFC said:

Maybe the baht will dive and TAT will be courting the farang...'come back, all is forgiven', 'it was all a misunderstanding'.

Farang say: Only if you promise to abolish those pesky TM30, 90 day reporting, lower financial requirement and cancel the insurance requirement.

 

 

Edited February 2, 20206 yr by EricTh

22 hours ago, Acrylic said:

Well Thai govt don't want strong baht. Guess they get what they want now eh.................

 

Except they don't get bonus of increase tourist but much less tourist ????

Yes, weaker baht but lesser Chinese tourist.

 

Top 5 ranking by countries in 2019

 

1. China 11 million

2. Malaysia 4 million

3. India 2 million

4. South Korea 1.9 million

5. Laos 1.8 million

 

So you see how important Chinese tourists are

1 hour ago, EricTh said:

Farang say: Only if you promise to abolish those pesky TM30, 90 day reporting, lower financial requirement and cancel the insurance requirement.

 

 

+ make dual pricing illegal. Doubt that will happen. Otherwise, what is the use of tourist and expat if not for money machine ????!!!! (sarcasm). 

Edited February 2, 20206 yr by Acrylic

1 hour ago, EricTh said:

Yes, weaker baht but lesser Chinese tourist.

 

Top 5 ranking by countries in 2019

 

1. China 11 million

2. Malaysia 4 million

3. India 2 million

4. South Korea 1.9 million

5. Laos 1.8 million

 

So you see how important Chinese tourists are

Yes that's why I said it is without bonus. The goal is to lure tourist to become cash cow for Thailand (otherwise, no need to charge expat and tourist several times more than local). Maybe this is karma for how Thai gov treat tourist and expat (specifically) all this time. 

Edited February 2, 20206 yr by Acrylic

On 1/31/2020 at 12:01 PM, ravip said:

 

 

Really? The exchange rate is effecting ONLY the price of imported goods and holidays overseas? I am no Economist, either. But this pattern of thinking is extraordinary!

Falling of a currency =  A prosperous economy!

Yes, obviously a flaw exists in my argument (of course according to yours theory)!!! 555 555

 

I agree , you are no economist !

A prosperous economy is only one factor in the determination of a particular nations currency strength.

Simply look at the past 12 months , the baht has performed amazingly well yet the Thai economy has become increasingly sluggish. If there were a singular correlation , as you seem to imagine , that would simply not happen.

Edited February 2, 20206 yr by joecoolfrog

On 1/31/2020 at 12:56 PM, ravip said:

May ALL the worlds currencies fall!

Unemployment will disappear and economies will be at a super high level.

And the humans will happily live ever after...

(The secret formula is out)

Its fine to be sarcastic but remember it was you who made the original ill informed post regarding ' poor natives' . We are simply attempting to educate you.

12 hours ago, Sparkles said:

I don't, with respect,think you have factored in the massive hit the fires have had on the Australian economy and the full repercussions of them are only just emerging.This is no ordinary bush fire season and my family and many friends confirm my thoughts through their communications and they are on the ground watching it unfold.

 

Yes the 32 baht was unrealistically high but 17 yrs back it was 26 baht which was stable for quite some time.

 

The amount of money which will need to be spent by the Government on prevention of this happening again before next summer will be astronomical. Infrastucture has been largely ignored.

The farming community is on its knees and other countries, having their own financial woes, are lessening their demand for our resources.Tourism which we rely so heavily on is down a massive amount. I fail to see any positives at this stage but would welcome some good news

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.