December 9, 20205 yr This morning December 9, 2020, USD is 29.98 baht, cash rate in Bangkok at GrandSuperRich. Other location it is even lower. Forecast is 29.00 in 2021. There are reports of massive amounts of foreign currency piling into Thailand.
December 9, 20205 yr 6 minutes ago, Banana7 said: There are reports of massive amounts of foreign currency piling into Thailand. From China?
December 9, 20205 yr Popular Post The Bank of Thailand and Thai Government keeps announcing new measures to control the baht, but as usual nothing ever happens.
December 9, 20205 yr an export dependent country like thailand should keep the currency in control. What if in a decade , 1thb=1usd. then what? would u expect any western tourist coming over . NO The reason thailand has had so many tourists is the lower baht. westerners get more for their money. But this simple thing is something the govt doesn't understand. Even their chinese daddy would refrain from coming if baht continues to be stronger.
December 9, 20205 yr Author 26 minutes ago, Banana7 said: This morning December 9, 2020, USD is 29.98 baht, cash rate in Bangkok at GrandSuperRich. Other location it is even lower. Forecast is 29.00 in 2021. There are reports of massive amounts of foreign currency piling into Thailand. It is continuing to drop like a rock this morning, at 11 AM it is down to 29.96.
December 9, 20205 yr Not good. It is going to get worse. On the other hand, rents are lower. Many entertainment activities lower. Food discounts at restaurants. Domestic travel/hotels etc. generally lower.
December 9, 20205 yr Popular Post i'm sure the 7 trillion printed by the don has nothing to do with the value of the dollar vs other currencies.....
December 9, 20205 yr 2 hours ago, lovethai123 said: an export dependent country like thailand should keep the currency in control. What if in a decade , 1thb=1usd. then what? would u expect any western tourist coming over . NO The reason thailand has had so many tourists is the lower baht. westerners get more for their money. But this simple thing is something the govt doesn't understand. Even their chinese daddy would refrain from coming if baht continues to be stronger. Easy solution to that . . . : Leave
December 9, 20205 yr While the states have 27tn in debt and a failure to address it, there wont be a recovery of any note. Printing money is no solution.
December 9, 20205 yr 4 hours ago, Traubert said: While the states have 27tn in debt and a failure to address it, there wont be a recovery of any note. Printing money is no solution. to who exactly do they owe this money to?
December 9, 20205 yr 34 minutes ago, lovethai123 said: to who exactly do they owe this money to? Future generations which will have to either pay the debt or devalue the currency (as it is happening now).
December 9, 20205 yr 1 hour ago, Natai Beach said: You little ripper. My 800,000 keeps going up and up! it would go up in case you are able to transfer those funds back to a US bank account. But i have read posts where TVF members have found it hard to transfer their money back to US.
December 9, 20205 yr 2 hours ago, lovethai123 said: to who exactly do they owe this money to? China mostly.
December 9, 20205 yr Record Foreign Currency Reserves says the Baht is exactly where it deserves to be against the all important benchmark USD. Thailand is no longer that 3rd world country I experienced 30 years ago
December 9, 20205 yr 19 minutes ago, Chivas said: Record Foreign Currency Reserves says the Baht is exactly where it deserves to be against the all important benchmark USD. Thailand is no longer that 3rd world country I experienced 30 years ago Well, with all due respect, it wouldn't be, despite all the peanut gallery saying it is.
December 9, 20205 yr 1 hour ago, Chivas said: Record Foreign Currency Reserves says the Baht is exactly where it deserves to be against the all important benchmark USD. Thailand is no longer that 3rd world country I experienced 30 years ago That's not fair. Idiot big Kahuna posters can not accept this
December 9, 20205 yr 8 minutes ago, madmen said: That's not fair. Idiot big Kahuna posters can not accept this excuse me...... i'll have you know my measly pension and scones are what's keeping this economy afloat.
December 9, 20205 yr 4 hours ago, Natai Beach said: My 800,000 keeps going up and up! One advantage of keeping 800k in a Thai bank ... versus those who transfer every month will have to transfer more dollars for the same baht.
December 11, 20205 yr On 12/9/2020 at 11:35 PM, EricTh said: One advantage of keeping 800k in a Thai bank ... versus those who transfer every month will have to transfer more dollars for the same baht. Those with 800k in the bank still have to transfer money monthly / quarterly / annually to live on. What good is the exchange rate of the 800k if you are never returning to your home country?
December 17, 20205 yr Author This afternoon Dec. 17, 2020 at 16:30, the cash rate for USD is down to 29.90 baht in Bangkok at Super Rich. Some others are offering 29.93. With Thailand being placed on the US currency manipulation watch list a few days ago, there seems no hope for USD to stay above 30 baht.
December 18, 20205 yr Author This afternoon, Superich and GrandSuperRich in BKK head office USD cash rate is 29.85 baht. Sinking like a rock. Bank cash rates are even lower.
December 18, 20205 yr 30 minutes ago, Banana7 said: This afternoon, Superich and GrandSuperRich in BKK head office USD cash rate is 29.85 baht. Sinking like a rock. Bank cash rates are even lower. I was always wrong but I see it at 24 in the near future. I stopped long time ago already to think about my daily losses. It only will destroy my mood but not change anything. As long as I have enough to live here it is okay. Worrying every day does not change anything. But if you will be affected have a plan B.
December 18, 20205 yr Come on guys, positive thinking, if you live half like a Thai half like a farang, life will always be cheaper than living back home. If you live 100% like a farang it will be much more expensive...
December 18, 20205 yr 7 minutes ago, Barnabe said: Come on guys, positive thinking, if you live half like a Thai half like a farang, life will always be cheaper than living back home. If you live 100% like a farang it will be much more expensive... You are right. Many Thais are used to have little. Not many Farangs grew up like this. Perhaps check this link to understand how bad Farang life can get here. Here are some dreamers. Reality might be cruel after the dreams end. https://www.independent.co.uk/news/uk/home-news/why-are-so-many-westerners-homeless-thailand-8830302.html
December 18, 20205 yr 25 minutes ago, Barnabe said: Come on guys, positive thinking, if you live half like a Thai half like a farang, life will always be cheaper than living back home. If you live 100% like a farang it will be much more expensive... Unfortunately many people didn’t work hard all their lives to live like a Thai. I hope I don’t find myself in this situation.
December 18, 20205 yr Jeez... 36 to 29 in a matter of a couple years. I won't even make it to retirement age at this rate. Might as well start looking for a nice piece of property in Florida instead.
December 18, 20205 yr 41 minutes ago, Ron jeremy said: Unfortunately many people didn’t work hard all their lives to live like a Thai. I hope I don’t find myself in this situation. Then you are clearly in the wrong country, Thailand is far from being the best country to live a 100% westerner lifestyle.
December 20, 20205 yr On 12/19/2020 at 12:15 AM, Barnabe said: Then you are clearly in the wrong country, Thailand is far from being the best country to live a 100% westerner lifestyle. Where would you suggest?
December 20, 20205 yr Malaysia is much better for a 100% foreigner lifestyle. Much better quality western food, and cheaper than in Thailand. More people speak English fluently, less of a cultural shock all around.
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