Thai baht: Good news for British pensioners in Thailand

[webfact]

File photo

 

The Thai baht has burst through the 43 baht mark to a UK pound sterling.

 

This will be good news to thousands of UK pensioners living in the kingdom.

 

Yesterday sterling hit 43.35 on SuperRich and today it is currently trading at 43.20 to large denomination notes.

 

Other rates on the site as of today (7th April) are 31.27 for US dollars, 37.00 for a Euro, 33.45 for a Swiss franc and 23.80 for an Aussie dollar. 

 

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[Kwasaki]

4 minutes ago, webfact said:

This will be good news to thousands of UK pensioners living in the kingdom.

Depends how much the frozen pension is. ????

 

How about Thailand making an agreement like the Philippines has.

[KannikaP]

Well I am looking forward to my 3 quid a week increase from next week. (Shhhhhhhhhh)

The differerence bewteen 42 & 43 to the GBP will be Bht 3 !    LOL 

Edited April 7, 2021 by KannikaP

[steve187]

transferwise(wise) hit 43.58 yesterday (6th)

[ukrules]

I tend to send myself about 2500 pounds each month so compared to when it was 39 Baht per pound I will receive an extra 10,000 Baht per month.

 

Better than a kick in the nuts ????????

[petermik]

7 hours ago, ukrules said:

I tend to send myself about 2500 pounds each month so compared to when it was 39 Baht per pound I will receive an extra 10,000 Baht per month.

 

 

You sound like a rather generous sponsor.....

[Johnny Mac]

4 minutes ago, petermik said:

You sound like a rather generous sponsor.....

 

Not everyone lives frugally, fella. Some actually 'live' and not just exist, like yourself. Don't worry what others spend.

Edited April 7, 2021 by Johnny Mac

[scubascuba3]

1 hour ago, Kwasaki said:

Depends how much the frozen pension is. ????

 

How about Thailand making an agreement like the Philippines has.

Shouldn't really be relying on the govt pension anyway

[petermik]

7 hours ago, Johnny Mac said:

 

Not everyone lives frugally, fella. Some actually 'live' and not just exist, like yourself. Don't worry what others spend.

This "fella" spends his time here in his apartment in Pattaya and his house down in Trang province....he travels locally in Pattaya on his motorcycle and drives his car down to the house on monthly trips....yeah I,m frugal all right.

p.s. forgot to mention the house back in the UK that I own also

Edited April 7, 2021 by petermik

[petermik]

7 hours ago, scubascuba3 said:

Shouldn't really be relying on the govt pension anyway

Unfortunately some long term expats came out when the pound was 70+ and with prices then they managed on their pension....times change of course.

[scubascuba3]

10 minutes ago, petermik said:

Unfortunately some long term expats came out when the pound was 70+ and with prices then they managed on their pension....times change of course.

Yes but when people did their long term forecasts, budgets whatever, they should have considered different exchange rates plus factored in inflation over 20-30+ years, but I appreciate most people can't even work out their electricity bill

Edited April 7, 2021 by scubascuba3

[Johnny Mac]

26 minutes ago, petermik said:

This "fella" spends his time here in his apartment in Pattaya and his house down in Trang province....he travels locally in Pattaya on his motorcycle and drives his car down to the house on monthly trips....yeah I,m frugal all right.

p.s. forgot to mention the house back in the UK that I own also

 

You only have 3 properties?

 

Why did you comment on the poster transferring 2500 a month, why did that shock you?

Edited April 7, 2021 by Johnny Mac

[Pottinger]

Great, a 'who's got the bigger dick' argument already, and we're only on the first page!

[Susco]

2 hours ago, webfact said:

The Thai baht has burst through the 43 baht mark to a UK pound sterling.

 

This will be good news to thousands of UK pensioners living in the kingdom.

 

Now it is just waiting until the prices of imported goods increase more than the exchange rate has improved.

 

Been in Big C lately.

 

The Casino products increased by 25-30%. Not the dry foods yet, because they will have been imported longer ago.

 

Company has taken over the butchery, and most meat prices increased by up to 100% over night. KU burger, which is Thai produce, from 250 to 450 Baht over night.

 

Whole chicken fried, normally 125 Baht, yesterday 209 Baht.

 

I feel a trend coming. Haven't been in Lotatt for months, but maybe someone can confirm if the same is happening there.

[BritManToo]

1 hour ago, Johnny Mac said:

Not everyone lives frugally, fella. Some actually 'live' and not just exist, like yourself. Don't worry what others spend.

Why spend more, for the sake of spending,

i couldn't drink any more alcohol without dying.

i'm too old to bang any more hookers than I already use.

I already have a nice house, pickup, scooter and a M/c.

My fridge is full of bacon, milk and cheese, if I eat any more I'll explode.

All my party holiday countries are closed (Vietnam, Cambodia, Philippines).

 

How is it possible to spend more than 50k/month?

Edited April 7, 2021 by BritManToo

[Johnny Mac]

14 minutes ago, BritManToo said:

Why spend more, for the sake of spending,

i couldn't drink any more alcohol without dying.

i'm too old to bang any more hookers than I already use.

I already have a pickup, a scooter and a M/c.

My fridge is full of bacon, milk and cheese, if I eat any more I'll explode.

All my party holiday countries are closed (Vietnam, Cambodia, Philippines).

 

How is it possible to spend more than 50k/month?

 If I answered you would only disagree and belittle, so there is little point.

 

What I will say though is that this forum has been 'discussing' the monthly spend topic not only for years but for DECADES and it still will be in another 10 years (if the world hasn't already ended) Round and round and round we go. Rinse and repeat.

[BritManToo]

Just now, Johnny Mac said:

What I will say though is that this forum has been 'discussing' the monthly spend topic not only for years but for DECADES and it still will be in another 10 years

How would you know?

You've only been a member for 1 month.

[RichardColeman]

2 hours ago, KannikaP said:

Well I am looking forward to my 3 quid a week increase from next week. (Shhhhhhhhhh)

The differerence bewteen 42 & 43 to the GBP will be Bht 3 !    LOL 

Well, not exactly - you'll get about 550 baht more a month on that £3 a week increase, plus the extra 1 baht per £ you send.

 

However, I would hold back on calling the bank for the extension to the house or applying for the elite visa.

 

 

[ukrules]

1 hour ago, petermik said:

You sound like a rather generous sponsor.....

Lol, I send it to myself to cover my day to day expenses.

[Dogbarker]

2 hours ago, KannikaP said:

Well I am looking forward to my 3 quid a week increase from next week. (Shhhhhhhhhh)

The differerence bewteen 42 & 43 to the GBP will be Bht 3 !    LOL 

 Trouble is when you calculate your Thai investment and  looking to exit many millions of baht out of Thailand that can be quite a loss even if only on paper ... Works both ways ...:-(

[KannikaP]

2 minutes ago, Dogbarker said:

 Trouble is when you calculate your Thai investment and  looking to exit many millions of baht out of Thailand that can be quite a loss even if only on paper ... Works both ways ...:-(

I am here full stop, no exiting or sending millions out.

 

Got a better house, car, woman & way-of-life here than I could ever have in UK on my pension.

Edited April 7, 2021 by KannikaP

[csmith]

Wow … now I'll be able to afford to buy Bitcoin

 

 

 

[DaLa]

1 hour ago, Pottinger said:

Great, a 'who's got the bigger dick' argument already, and we're only on the first page!

Can I join in with the smallest dick?  43 to the £ as against 37 to the pound costs me £4,700 for each container of goods I ship in for my business.

[salavan]

If the idiots hadn't voted to leave the EU it would be over 55 baht to the £ now

 

[Surelynot]

2 hours ago, Pottinger said:

Great, a 'who's  the bigger dick' argument already, and we're only on the first page!

 

[Surelynot]

6 minutes ago, salavan said:

If the idiots hadn't voted to leave the EU it would be over 55 baht to the £ now

 

Spot on.......and now the same idiots are finding out Spain isn't part of the British Empire....who would have thought?

[ChaiyaTH]

Wouldn't be happy too soon yet. That aside, Thais raised prices locally too so we never get back to the real cheap.

[scubascuba3]

20 minutes ago, salavan said:

If the idiots hadn't voted to leave the EU it would be over 55 baht to the £ now

 

????

[Kwasaki]

3 hours ago, scubascuba3 said:

Shouldn't really be relying on the govt pension anyway

You can and some do my private pensions I  just save and hand give to family Frozen UK govt pension still enough for me thanks. 

[steve187]

1 hour ago, salavan said:

If the idiots hadn't voted to leave the EU it would be over 55 baht to the £ now

 

that old chestnut