Fex Bluse Posted September 3, 2020 Share Posted September 3, 2020 @sandyf if you have time, can you please explain to the government your analysis that the Thais will make up shortfall with their domestic tourism and reputation for big spending? I don't think they are aware. Link to comment Share on other sites More sharing options...
HappyinNE Posted September 3, 2020 Share Posted September 3, 2020 6 hours ago, soalbundy said: It does seem rather strange, the weaker the dollar the more Baht I get for the Euro That will not last. The west continues to print money which has the effect of reducing the value of a fiat currency. Just check what real money is doing. Real money is Gold. Also silver and soon to be crypto. Have to go to one of them to maintain the value of your money. Link to comment Share on other sites More sharing options...
Marco100 Posted September 3, 2020 Share Posted September 3, 2020 But foreigners are already back in from Myanmar, Laos Cambodia, Vietnam , the so called cheap labor and with them a bit of Covid as well , so what are this people afraid about ? Open the borders to Tourist with triple test's , Double twisted jumps ? Really I do not get it ???? 1 Link to comment Share on other sites More sharing options...
Popular Post SteveK Posted September 3, 2020 Popular Post Share Posted September 3, 2020 Thailand could make some money here by announcing an amnesty, lulling people into a false sense of security, then not recognising the amnesty as a genuine extension, leaving people high and dry and having to pay huge sums to agents. Oh wait...... 3 Link to comment Share on other sites More sharing options...
Flying Saucage Posted September 3, 2020 Share Posted September 3, 2020 11 hours ago, Bender Rodriguez said: so keep on pumping billions & billions of tax payer's money into FAKE tourism Not sure if it is taxpayers money. More likely Chinese loans, together with the money for the subs and the high-speed trains. Loans Thailand and the Thai taxpayer later never will be able to pay back later. This is an old business model when a superpower likes to bag a country. Who is interested to read more about it might read John Perkins "Confessions of an Economic Hit Man". Likely also that the closed borders are part of the game. Prayut and Prawit might be well donated for that by their Chinese buddies. For Philipp Patek 2020 might become the best year in history, I could imagine. This is not a conspiracy theory, as it is well known that this is part of China's road and belt initiative. I cannot post a link about that, as this was reason enough last time to delete my post as "off topic". 1 1 Link to comment Share on other sites More sharing options...
Stargeezr Posted September 3, 2020 Share Posted September 3, 2020 Domestic tourism is going to have a dismal future in many countries as most people who were not Government or essential workers have been out of work due to the corona virus. The school season has returned for a lot of the world and this is an added expense for parents. Rich retired people are waiting for somewhere to safely go to, but they will not be foolish to travel without being very cautious. Good Luck Thailand, this Winters high season will have very low numbers. Geezer 1 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted September 3, 2020 Popular Post Share Posted September 3, 2020 December, by my reckoning, will be the month the bomb goes off. Factories have been laying off workers and reducing operations, exports will continue to drop. Tourism will continue to flat line. A lot of Thai's and expats will delay purchases knowing that there is worse to come and good deals will be had. I am sure the purchase of military equipment will have a negative effect sooner or later. By Christmas there maybe riot in the streets...maybe! 2 1 Link to comment Share on other sites More sharing options...
Blumpie Posted September 3, 2020 Share Posted September 3, 2020 49 minutes ago, Grumpy John said: December, by my reckoning, will be the month the bomb goes off. Factories have been laying off workers and reducing operations, exports will continue to drop. Tourism will continue to flat line. A lot of Thai's and expats will delay purchases knowing that there is worse to come and good deals will be had. I am sure the purchase of military equipment will have a negative effect sooner or later. By Christmas there maybe riot in the streets...maybe! I fear that you may be right and hope that you are dead wrong. The pain felt after the high season goes by slowly - excruciatingly - will be brutal. Fling open the doors, offer insurance, the tourists are NOT going to come. Not! 2 Link to comment Share on other sites More sharing options...
nkg Posted September 4, 2020 Share Posted September 4, 2020 (edited) 11 hours ago, overherebc said: For a long time the general statements have been 'the baht is too strong' now it would appear that the baht is getting weaker, uk £ going to 41+ ( mid rate on xe ). Does that mean the uk £ is also getting weaker? or, does it mean they are both getting stronger? If the baht was too strong and if, as they say, it's getting weaker but stays at roughly the same rate to the dollar does that really mean they are actually getting stronger, or, they are getting weaker together. Good question. Here's some major currencies against the Thai Baht for the last 2 months: Thursday 2 July 2020 1 JPY = 0.28901 THB Wednesday 2 September 2020 1 JPY = 0.29496 THBYen - 2.06% increase against Baht Thursday 2 July 2020 1 USD = 31.076 THB Wednesday 2 September 2020 1 USD = 31.328 THBDollar - 0.81% increase against Baht Thursday 2 July 2020 1 GBP = 38.755 THB Wednesday 2 September 2020 1 GBP = 41.835 THBPound - 7.95% increase against Baht Thursday 2 July 2020 1 EUR = 34.933 THB Wednesday 2 September 2020 1 EUR = 37.134 THBEuro - 6.30% increase against Baht Thursday 2 July 2020 1 CHF = 32.868 THB Wednesday 2 September 2020 1 CHF = 34.384 THBSwiss Franc - 4.61% increase against baht Thursday 2 July 2020 1 AUD = 21.521 THB Wednesday 2 September 2020 1 AUD = 22.984 THBAustralian Dollar - 6.80% increase against baht The Pound, Euro and Australian Dollar are doing very well. The USD is doing poorly, but not as badly as the Baht, which has lost value to every other currency. I don't think that there's any connection between the Baht and the US Dollar's weakness, I'd say they are both weakening but for different reasons. Edited September 4, 2020 by nkg Link to comment Share on other sites More sharing options...
CALSinCM Posted September 4, 2020 Share Posted September 4, 2020 And tomorrow another minister will tell Thai news that tourism is 80% restored and the money is flowing and unemployment is virtually non-existent. And pigs fly. Link to comment Share on other sites More sharing options...
Eddy Ozark Posted September 4, 2020 Share Posted September 4, 2020 Another statement of the obvious meaning nothing. It's fun to see all the moaning over lost revenue from tourists in the face of all the red tape TM 30 and etc that these same people are fully or partly responsible for initiating. Link to comment Share on other sites More sharing options...
SteveK Posted September 4, 2020 Share Posted September 4, 2020 9 minutes ago, Eddy Ozark said: Another statement of the obvious meaning nothing. It's fun to see all the moaning over lost revenue from tourists in the face of all the red tape TM 30 and etc that these same people are fully or partly responsible for initiating. Tourists don't do TM30s. Link to comment Share on other sites More sharing options...
sandyf Posted September 4, 2020 Share Posted September 4, 2020 11 hours ago, Fex Bluse said: @sandyf if you have time, can you please explain to the government your analysis that the Thais will make up shortfall with their domestic tourism and reputation for big spending? "your analysis that the Thais will make up shortfall with their domestic tourism" I said no such thing, I said they planned to borrow the shortfall. In the absence of a valid argument it is inappropriate to post lies. An apology is in order but not holding my breath, not in the DNA of many. Link to comment Share on other sites More sharing options...
DrTuner Posted September 4, 2020 Share Posted September 4, 2020 8 hours ago, Grumpy John said: December, by my reckoning, will be the month the bomb goes off. Factories have been laying off workers and reducing operations, exports will continue to drop. Tourism will continue to flat line. A lot of Thai's and expats will delay purchases knowing that there is worse to come and good deals will be had. I am sure the purchase of military equipment will have a negative effect sooner or later. By Christmas there maybe riot in the streets...maybe! December or early 2021. Then it's been over six months tightening the belts and people will be at the end of the rope. Even if there is a treatment or vaccine, it won't be widely available before that. Link to comment Share on other sites More sharing options...
morrobay Posted September 4, 2020 Share Posted September 4, 2020 23 hours ago, overherebc said: For a long time the general statements have been 'the baht is too strong' now it would appear that the baht is getting weaker, uk £ going to 41+ ( mid rate on xe ). Does that mean the uk £ is also getting weaker? or, does it mean they are both getting stronger? If the baht was too strong and if, as they say, it's getting weaker but stays at roughly the same rate to the dollar does that really mean they are actually getting stronger, or, they are getting weaker together. Your pound to baht is only from 31.38 baht/$1 / 1 pound/$1.33 = 41.7baht/pound. So as you can see the baht can stay same rate to dollar , but as pound to dollar increases so does pound to baht. Link to comment Share on other sites More sharing options...
overherebc Posted September 4, 2020 Share Posted September 4, 2020 24 minutes ago, morrobay said: Your pound to baht is only from 31.38 baht/$1 / 1 pound/$1.33 = 41.7baht/pound. So as you can see the baht can stay same rate to dollar , but as pound to dollar increases so does pound to baht. And to think all this started because I said I had read reports that the dollar was forecast to weaken. As Greavsie said 'it's a funny old game'. Link to comment Share on other sites More sharing options...
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