A seriously new low for the Australian dollar

[TechnikaIII]

Well, this makes me sick in the gut. The Aussie dollar was over 30 Baht when I first came here in 2010.

This is from xe.com just a few minutes ago.

[Damaz6052]

18.50 at the Kbank ATM yesterday.

[Guderian]

Look on the bright side, cobber, that's still less than 40% down. The pound was down from a high of around 76 to a low of 36 a few months ago, that's way more than a 50% drop. Things could still get worse, in times like these every government will be trying to push its currency down against all the others.

[bbbbooboo]

I remember when I first came to Thailand in 2008 the rate was 32 baht/ AUD $1 and that was from a roadside money converter place in Karon Beach(Jeebers I must be old?)

[Neeranam]

I just got a voucher from BA for cancelling my UK trip. Might be a good time for a holiday in Oz. I'm sure it was 18 years ago. 

 

BTW, when I came to Thailand Oct 1992, the us$ a 25 and uk£ 37.

[ThaiBunny]

Just now, Neeranam said:

I just got a voucher from BA for cancelling my UK trip. Might be a good time for a holiday in Oz. I'm sure it was 18 years ago. 

Does the voucher cover the cost of the 14-day self-isolation requirement when you arrive in Australia?

[Neeranam]

1 minute ago, ThaiBunny said:

Does the voucher cover the cost of the 14-day self-isolation requirement when you arrive in Australia?

Is for flights. 

 

My sister had a lovely beach house in Pt Lonsdale, if he happy to stay in for a couple of weeks and do my work online. 

[Mavrix]

39 minutes ago, Neeranam said:

Is for flights. 

 

My sister had a lovely beach house in Pt Lonsdale, if he happy to stay in for a couple of weeks and do my work online. 

Great spot...l use to holiday at nearby Queenscliff as a kid...... doing up the golf course there as well...looks fantastic.

[PlastikbinLina]

17 hours ago, TechnikaIII said:

The Aussie dollar was over 30 Baht when I first came here in 2010.

When I first came here in 1992 it was struggling to make 20 baht/$1.00.Aust. No doubt it will rise again until the next covid19 appearance in 2026.

 

[Brickbat]

A low $ may make our economy stronger . A high baht will screw these clowns. The screws are already deep. 
And to be fair, thailand does have a ton of surplus . And...It’s not spent on the public. It’s there to sell bonds , bringing in more $$$. 
 

well, buckle up boys. We do feed a fair few bludgers . Reduces our surplus. Being a southern province of a China also does not help. 

[ianezy0]

AUD is a commodity currency, much like Canada, NZ and some others. Therefore, it is tied into the Australian resources.

3 main factors have dragged the AUD in recent years.

 

1. USA/China trade war.

2. Covid-19.

3. Russia/Saudi OPEC oil price dropping.

 

Each of the above will greatly affect commodity prices so, also AUD exchange rate.  
Back when the exchange rate was 30+, oil prices were high, iron ore and coal exports to China and Sth Korea (main exports for Aus) were booming.

If you check Canadas exchange rate this is also dropping based on their commodities.
IMHO...I think it will keep dropping until we see some stabilisation of the above. Not good for those of us who bring money over.

[Max69xl]

3 hours ago, Damaz6052 said:

18.50 at the Kbank ATM yesterday.

19.32 was the TT buy rate at Bangkok Bank today 3:15pm. That's what you get from an ATM, but then you have to pay the fees on top of that. 

[PatOngo]

It's been great for transferring baht out of Thailand. ???????? Thanks for the over valued baht Thailand!

[Mulambana]

When I came in 2005, a US dollar was fetching 40 baht. 

Edited March 17, 2020 by Mulambana

[PatOngo]

2 minutes ago, Mulambana said:

When I came in 2005, a US dollar was fetching 40 baht. 

Don't you just wish it was still 2005? ????

[White Christmas13]

3 minutes ago, Pravda said:

It should be 10 baht. There is nothing Australia has to offer to the world.

 

Victoria Bitter, Vegemite and Wicked Weasel are your famous brands.

 

'nuf said

 

 

yes you said enough nonsense

[Fairynuff]

5 minutes ago, Pravda said:

It should be 10 baht. There is nothing Australia has to offer to the world.

 

Victoria Bitter, Vegemite and Wicked Weasel are your famous brands.

 

'nuf said

 

 

If you have nothing of value to say.......

[Fairynuff]

4 hours ago, Guderian said:

The pound was down from a high of around 76

During the 1997 crash the GBP touched 91 baht very briefly 

[WalkingOrders]

With low price of oil you have a great opportunity to diversify your import export away from China.

[ozfarang]

The low in mid 86 was 1AUD=฿15.5

 

The high in Jan 96 was ฿36

Edited March 17, 2020 by ozfarang

[Lacessit]

I'm waiting for the Thai baht to depreciate, seriously. Uncompetitive exports, jammed supply chains, no income for many rural Thais, tourist industry in a tailspin. I could have fired a cannon in Big C's Chiang Rai store today and not hit anyone.

[Lacessit]

24 minutes ago, Pravda said:

It should be 10 baht. There is nothing Australia has to offer to the world.

 

Victoria Bitter, Vegemite and Wicked Weasel are your famous brands.

 

'nuf said

 

 

I suppose that's why Chinese buy up Australian property hand over fist, buy all our minerals, and send bulk buys of stuff like infant formula and supplements back home. Because they know the quality is there.

Dumbest post I have read for quite a while.

[wazzadg44]

Patongo-how do you manage to transfer Baht back to Aus. and how much can you send?

Thanks

[Straight8]

Can't imagine any Aussie wanting to come to Thailand for a holiday until the dollar is at least back up over 23 baht...even then it will quite an expensive holiday, with much better options elsewhere around the world

[Mulambana]

1 hour ago, PatOngo said:

Don't you just wish it was still 2005? 

Really, I dont. My wealth has increased five times in the last 15 years since than. So it is OK as long as it remains more than 30BHT/USD for the next five years. My financial planning is based on 25BHT/USD but this corona virus and the economic fall out may keep baht to at least 30USD for the next decade. 

[Pravda]

35 minutes ago, Lacessit said:

I suppose that's why Chinese buy up Australian property hand over fist, buy all our minerals, and send bulk buys of stuff like infant formula and supplements back home. Because they know the quality is there.

Dumbest post I have read for quite a while.

 

But are they buying Victoria Bitter?

[Lacessit]

2 minutes ago, Pravda said:

 

But are they buying Victoria Bitter?

Big buyers of Australian wine. And if you eat a lobster tail anywhere on the West Coast of America, odds are very good it came from Tasmanian waters. Finished trolling?

[drbeach]

3 hours ago, PlastikbinLina said:

When I first came here in 1992 it was struggling to make 20 baht/$1.00.Aust. No doubt it will rise again until the next covid19 appearance in 2026.

 

Possibly...the USD, EUR, GBP and CHF have all managed significant gains against the Baht over the past 3 months...USD from below 30 in Dec, 2019 to roughly 31.9 now. EUR from a low of 32.5 to 35.5 now; CHF from 31ish to 33.7 currently and the GBP from 36ish to 39.5ish (a slight drop from 40 a week or so ago).

 

Only the AUD continues to fall further...it's now 1 Baht weaker than it was just a week or so ago (19.5 vs. 20.5).

[WalkingOrders]

42 minutes ago, Lacessit said:

I suppose that's why Chinese buy up Australian property hand over fist, buy all our minerals, and send bulk buys of stuff like infant formula and supplements back home. Because they know the quality is there.

Dumbest post I have read for quite a while.

You're quite dependent on China. A problem for us all to varying degree.

[Lacessit]

2 minutes ago, WalkingOrders said:

You're quite dependent on China. A problem for us all to varying degree.

It's a nice problem to have. Without it, Australia would have been in recession for a decade.