Andy from Kent Posted December 17, 2020 Share Posted December 17, 2020 The baht keeps getting stronger with no let up in sight. 1 Link to comment Share on other sites More sharing options...
CharlieH Posted December 17, 2020 Share Posted December 17, 2020 MOVED to Banking Link to comment Share on other sites More sharing options...
Popular Post Pilotman Posted December 17, 2020 Popular Post Share Posted December 17, 2020 (edited) what an odd title. Nobody has 'lost' anything,. it is what it is. I could say that I saved 10 million Baht today, because I didn't go out and buy a Ferrari. Same odd logic. Edited December 17, 2020 by Pilotman 7 5 1 2 Link to comment Share on other sites More sharing options...
Popular Post PJPom Posted December 17, 2020 Popular Post Share Posted December 17, 2020 When I arrived here in 2016 Aussie dollar was average 26 baht and Pound about 44. looking at the sums I have transferred I would have been at least 600K baht better off, hopefully the Aussie will hold its recent gains. 5 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted December 17, 2020 Popular Post Share Posted December 17, 2020 -27% for the £ ???? 2 1 2 1 Link to comment Share on other sites More sharing options...
Popular Post OneeyedJohn Posted December 17, 2020 Popular Post Share Posted December 17, 2020 I have lived and worked abroad for many years, and there is absolutely no point in fretting about exchange rates. It just ain't worth the stress. 14 1 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted December 17, 2020 Share Posted December 17, 2020 15 minutes ago, Andy from Kent said: The baht keeps getting stronger with no let up in sight. Well when I planned my future coming Thailand 2005 from England I look back at the baht history and lived on savings for 7 years. When frozen govt pension came I had worked out living with a 35. My private pension top ups came to much more than I expected. I've enough money to live on and I'm happy it can go as low as 15 but I don't really think about it. 2 Link to comment Share on other sites More sharing options...
whiteman Posted December 17, 2020 Share Posted December 17, 2020 I was lucky bought land and house when bhat was 25 to N.Z. now it has gone down 14% in the last 6 years but like many on here planned it all so well set up 1 Link to comment Share on other sites More sharing options...
lovethai123 Posted December 17, 2020 Share Posted December 17, 2020 25 percent Link to comment Share on other sites More sharing options...
JAS21 Posted December 17, 2020 Share Posted December 17, 2020 6 minutes ago, lovethai123 said: 25 percent About the same 1 Link to comment Share on other sites More sharing options...
Susco Posted December 17, 2020 Share Posted December 17, 2020 It's about time the bloodshed stops. Looking at the US market tonight, expect another 20 satang down for the US$ tomorrow 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Andy from Kent Posted December 18, 2020 Author Popular Post Share Posted December 18, 2020 15 hours ago, Pilotman said: what an odd title. Nobody has 'lost' anything,. it is what it is. I could say that I saved 10 million Baht today, because I didn't go out and buy a Ferrari. Same odd logic. I believe you missed the point entirely or possibly you're' just being silly or polemic. Would you be happier with the question ' "over the past five years, by how much has your buying power eroded with the continued strengthening of the baht"? Now there isn't a single work in this post that indicates a negative attitude. It is merely a question. One can choose to like or not like the facts. Satisfied? 8 2 Link to comment Share on other sites More sharing options...
Popular Post AlfHuy Posted December 18, 2020 Popular Post Share Posted December 18, 2020 Too mut. 4 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted December 18, 2020 Popular Post Share Posted December 18, 2020 Alot. As posted elsewhere: Although it does sound apocalyptic, I think there is a real chance we will see the baht at 20-25 to the dollar, within the next five years or so. Perhaps sooner. The dollar is only going to get weaker. And Asia will continue it's ascent. The more irrelevant the West, and especially America gets, the more relevant Asia seems to become. How that will effect the pound sterling if anyone's guess. The chief investment officer of currency manager A.G. Bisset believes the U.S. currency will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade. The greenback’s recent weakness “is the beginning of a very large move” that could hurt the droves of investors exposed to it through their holdings in U.S. stocks and bonds, Lindahl said. Wall Street is swarming with bearish dollar forecasts, though few are as extreme as Lindahl’s. The U.S. currency is near its lowest level in 27 months and is down about 11% from its 2020 peak against a basket of its peers, with Goldman Sachs, UBS and Societe Generale among the banks forecasting more losses. https://www.reuters.com/article/usa-markets-dollar-analysis/u-s-dollars-woes-are-only-beginning-some-bears-say-idUSKBN25S3KN U.S. stocks saw a historic rise in November, with the Dow Jones Industrial Average DJIA, +0.49%logging its biggest monthly rise since January 1987. The blue-chip gauge and the benchmark S&P 500 index SPX, +0.58% both saw their strongest November since 1928 as major indexes hit all-time highs. The greenback, meanwhile, got roughed up, with the ICE U.S. Dollar Index DXY, 0.21%, a measure of the currency against six major rivals, falling 2.3%, its worst month since a 4.2% fall in July and its worst November since 2006. A weaker dollar is often — but not always — seen as supportive to equities. Exceptions arise, for example, when the dollar is tumbling because of fears over the U.S. economy. https://www.marketwatch.com/story/why-a-weak-dollar-and-a-strong-stock-market-are-likely-to-keep-going-hand-in-hand-11607033311 3 Link to comment Share on other sites More sharing options...
lanng khao Posted December 18, 2020 Share Posted December 18, 2020 Over 1 million baht. Link to comment Share on other sites More sharing options...
Barnabe Posted December 18, 2020 Share Posted December 18, 2020 The dollar certainly seems to be going down and will keep doing so. But if a big crisis comes, it will go back up again as it did in March. It’s still a safe haven... Link to comment Share on other sites More sharing options...
Popular Post keith101 Posted December 18, 2020 Popular Post Share Posted December 18, 2020 15 hours ago, PJPom said: When I arrived here in 2016 Aussie dollar was average 26 baht and Pound about 44. looking at the sums I have transferred I would have been at least 600K baht better off, hopefully the Aussie will hold its recent gains. I came back in Sept 2017 and beleive i am around 250,000 worse off as of my last Pension payment . The AUD is now at 76 US and slowley climbing but still well down against the Baht . 3 Link to comment Share on other sites More sharing options...
Saltire Posted December 18, 2020 Share Posted December 18, 2020 The last 5 years is not what's important to me, it's the next 5 years. The bulk of my cash is in the UK and my pensions are paid in Sterling to my UK bank. I have been living here 3 years bringing over what I need monthly, which is not very much. The dilemma is should I transfer a large sum now to Baht or wait and see? Unfortunately there is no answer to this. 1 1 Link to comment Share on other sites More sharing options...
Popular Post Neeranam Posted December 18, 2020 Popular Post Share Posted December 18, 2020 For the last 5 years, I've put all my salary immediately into Bitcoin. It's done rather well against the baht, approximately getting 100% each year. 2 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted December 18, 2020 Share Posted December 18, 2020 13 minutes ago, Barnabe said: The dollar certainly seems to be going down and will keep doing so. But if a big crisis comes, it will go back up again as it did in March. It’s still a safe haven... It can't go on for ever. There is another Bretton Woods coming up where digital currency is going to take over. Mnucnkin is due to talk in 4/5 weeks or so. It would be foolish not to buy some digital assets at the moment. 2 Link to comment Share on other sites More sharing options...
Barnabe Posted December 18, 2020 Share Posted December 18, 2020 21 minutes ago, Neeranam said: It can't go on for ever. There is another Bretton Woods coming up where digital currency is going to take over. Mnucnkin is due to talk in 4/5 weeks or so. It would be foolish not to buy some digital assets at the moment. Not gonna happen. There will only be another Bretton Woods when there is a competitor to the USD, and right now, there is none. There is also no appetite from the USD government to change anything, and neither from all the other countries holding trillions of dollars in USD reserves. And in the far future if / when it does happen, none of the current cryptos will be chosen as the backing of the international system. It will be a new, government issued crypto that will fulfil that job. 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted December 18, 2020 Share Posted December 18, 2020 (edited) 8 minutes ago, Barnabe said: Not gonna happen. There will only be another Bretton Woods when there is a competitor to the USD, and right now, there is none. There is also no appetite from the USD government to change anything, and neither from all the other countries holding trillions of dollars in USD reserves. And in the far future if / when it does happen, none of the current cryptos will be chosen as the backing of the international system. It will be a new, government issued crypto that will fulfil that job. There's a lot of info out there to suggest otherwise. https://medium.com/@X__Anderson/ripples-connection-with-the-imf-and-central-banks-7edc6f32a0a Edited December 18, 2020 by Neeranam Link to comment Share on other sites More sharing options...
Popular Post Barnabe Posted December 18, 2020 Popular Post Share Posted December 18, 2020 1 minute ago, Neeranam said: I suggest you research "Keynes-Triffin Plan". Also, Ripple's CEO Brad Garlinghouse's involvement with the IMF/Christine Lagarde.. I am well aware of that plan, just didn't knew it had that name. Wishful thinking, the US government will never allow it, and all other countries are held hostage due to their massive USD reserves. The EUR had a chance but faltered, and there is still no competitor to the USD's dominance. In the next banking / financial crisis, which might happen sooner rather than later, the USD will rise again. The USD is a pig due to all their currency printing, but look at the Euro, Yen and Pound, they are all printing their way to oblivion, it's a race to the bottom. If there was an alternative, Russia, China and others wouldn't blink twice at the opportunity. I agree on your take to buy bitcoin and I'll add gold to that, just not for the reasons you mentioned. 3 Link to comment Share on other sites More sharing options...
Neeranam Posted December 18, 2020 Share Posted December 18, 2020 8 minutes ago, Barnabe said: I agree on your take to buy bitcoin and I'll add gold to that, just not for the reasons you mentioned. Bitcoin is strange as 5 years ago, some said I was too late when it was $400. People said Greyscale was too late a month ago when they bought $500 million+ at $12,000 baht each. The institutional money is pouring in now. I would still recommend to buy it now at $23,000 and am going to next week when I get my salary. 1 Link to comment Share on other sites More sharing options...
phetphet Posted December 18, 2020 Share Posted December 18, 2020 GBP to THB was around 53-54 in 2015. Now 39-40. So approx 25%. 1 Link to comment Share on other sites More sharing options...
Popular Post Mavideol Posted December 18, 2020 Popular Post Share Posted December 18, 2020 17 hours ago, Pilotman said: what an odd title. Nobody has 'lost' anything,. it is what it is. I could say that I saved 10 million Baht today, because I didn't go out and buy a Ferrari. Same odd logic. have to disagree with your first line, many or lots of us have lost Purchasing Power.... example, if someone received a 1,000 US Dollar month and exchanged it to Thai Baht at 1 USD = 33 Baht he/she could have 33,000 Baht to spend, if the current exchange is 1 USD = 29 Baht he/she only receive on exchange 29,000 Baht to spend thus losing 4,000 Baht in buying/purchasing power, so somebody LOST 4 Link to comment Share on other sites More sharing options...
Mavideol Posted December 18, 2020 Share Posted December 18, 2020 16 hours ago, sammieuk1 said: -27% for the £ ???? unfortunately the majority of us are on the same "boat" 555 Link to comment Share on other sites More sharing options...
Mavideol Posted December 18, 2020 Share Posted December 18, 2020 16 hours ago, OneeyedJohn said: I have lived and worked abroad for many years, and there is absolutely no point in fretting about exchange rates. It just ain't worth the stress. so you don't depend on income from overseas as maybe many of us do/does 1 Link to comment Share on other sites More sharing options...
MartinL Posted December 18, 2020 Share Posted December 18, 2020 I only transfer one of my pensions to Thailand, the others stay in UK. In the 54 months since the Brexit referendum in June '16, I've lost the equivalent of nearly 13 months of that pension. 1 Link to comment Share on other sites More sharing options...
luckyluke Posted December 18, 2020 Share Posted December 18, 2020 I am here about 20 years. When the Euro was implemented, the Belgian Franc was fixed at 1 Euro = 40,3399 B.F. For quite a time I got more than 40 Baht for my Euro, even reached 50+. After I got 35 and less, something like 36 actually. I don't know if for the hole period, I am winner or loser; it is what it is. Link to comment Share on other sites More sharing options...
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