2 minutes ago, vandeventer said:

Except for imports as I see the prices going up each week at the shops.

What imported items have you seen the price rise every week ?

6 hours ago, boogiewoogie said:

So how expensive coconut gonna be if driver gonna pay 30 bahts more than usual to carry 1000 coconuts?

U take ur economics out of ur ass btw.

He will just put hungry boards on the pickup and put 2000 coconuts

 

The weakening baht is about the only good news there is in Thailand these days. I wouldn't mind it getting even weaker still.

28 minutes ago, malibukid said:

the Thai's will just raise their prices.  they do not understand the concept of supply and demand, nor delayed gratification.  they want cookie now.

Historically flawed, sitting down to eat kaphao or fried rice for 35/40 baht is quite common, not much change in 20 years. Beer in bars can be bought cheaper now than 20 years ago.

In that time the most significant change has been in the price of accommodation, primarily due to the introduction of the minimum wage and constant whinging by foreigners over the quality.

11 hours ago, Mac Mickmanus said:

Local prices may rise by 2 % , whilst foreign currency has risen by 20 %

I've seen my daily/weekly shop increase a lot this year,almost every commodity has risen by something.

As foreigners who choose to come to Thailand they will be subjected to the local rip-offs by sharks wanting to put long lost money back in their pockets.

They may get a better exchange rate but that won't help in the streets.

The pessimism of prices in Thailand increasing to tourism overlooks one major factor. ie. The bun fight amongst local Thais to get their share of the tourists money this will increase competition and tourist should barter harder to keep prices down , no Thai will walk away from any money once the gates open.

3 minutes ago, hotchilli said:

I've seen my daily/weekly shop increase a lot this year,almost every commodity has risen by something.

As foreigners who choose to come to Thailand they will be subjected to the local rip-offs by sharks wanting to put long lost money back in their pockets.

They may get a better exchange rate but that won't help in the streets.

Yes, prices always go up , prices rise all the time in every Country , that is caused in inflation though , I doubt that it has anything to do with exchange rates

12 hours ago, RotBenz8888 said:

But still far too expensive. 

I've seen my daily/weekly shop increase a lot this year,almost every commodity has risen by something.

As foreigners who choose to come to Thailand they will be subjected to the local rip-offs by sharks wanting to put long lost money back in their pockets.

They may get a better exchange rate but that won't help in the streets.

What!!!

Just because we say so?

What's the reason?

49 minutes ago, malibukid said:

the Thai's will just raise their prices.  they do not understand the concept of supply and demand, nor delayed gratification.  they want cookie now.

Ye's, I think s'o.

29 minutes ago, vandeventer said:

Except for imports as I see the prices going up each week at the shops.

Even for local grown produce this is happening.

5 minutes ago, hotchilli said:

I've seen my daily/weekly shop increase a lot this year,almost every commodity has risen by something.

As foreigners who choose to come to Thailand they will be subjected to the local rip-offs by sharks wanting to put long lost money back in their pockets.

They may get a better exchange rate but that won't help in the streets.

So, "local rip-offs by sharks" is finally coming to Thailand? I guess we should all be grateful that the phenomenon didn't exist before.

12 hours ago, AnotherFarang8 said:

Tourists will have to pay inflated prices for everything as weakened baht will buy less on international markets. Just to transport coconuts to the resort the farmer will pay more for gasoline because Thailand imports oil. Tourists will need to pay for that, who else. Not to mention household private debts accumulated by Thais over the jobless period. So no, tourists won’t see their currency do better than 2 years ago.

Gee, all those tourists spending all that money! Funny, I haven't seen any. Are they all staying at your place? I think the picture you paint is vastly oversimplified, and do not reflect today's realities. In my humble 64 years of experience when sellers inflate prices, buyers stop spending. If there's no wiggle room then raising prices is economic suicide. The attraction of Thailand as an affordable attraction will disappear along with tourists. Revitalizing tourism in Thailand will be uphill all the way, if inflation occurs then economic recovery will slide back down that hill. Who will pay for gasoline if no one buys the coconuts? But then, I'm not a financial genius beyond the fundamental principle of supply and demand. If the retailers are in fact absorbing higher costs the influx of money caused by the exchange rate's buying power for foreigners should increase sales UNLESS those sales are stymied by inflated prices. Then you likely will see a stalemate. It will be a delicate balance. We've all seen retailers whose shops and stands are virtual museums gathering cobwebs because their prices are unrealistic. There are limits.

Thailands only hope: 40 baht per dollar and open the damn country

12 hours ago, internationalism said:

that's good news for export, as well as, paradoxically, for incoming international tourists

The baht fell like all other currencies except the Yuan, with the announcement of the US rate hike in 2023. This fall is temporary, because the fed cannot hike its rates without causing a huge stock market crash. In 6 months we won't talk about it anymore.

 

 

 

 

5 hours ago, ourmanflint said:

When it hits 55bt to the pound I will be dancing in the streets

Me too if I'm still alive............ 

5 hours ago, ourmanflint said:

When it hits 55bt to the pound I will be dancing in the streets

Not in groups of more than 5 please!

2 minutes ago, bougnat said:

The baht fell like all other currencies except the Yuan, with the announcement of the US rate hike in 2023. This fall is temporary, because the fed cannot hike its rates without causing a huge stock market crash. In 6 months we won't talk about it anymore.

Evidence from the future. What could be more convincing than that?

I can predict - with 100% confidence - that the value of the baht against the pound on 31/12/21 compared to today (27/7/21), will either have increased, decreased or remained the same.

 

No need to thank me for this insight!

The Baht likened to a “performer”?  As if we want this performer to rise and shine again?  It’s faulty and dangerous thinking like this that encourages traders to include Thailand in their group of “Emerging Markets”.  In reality—nothing could be further from the truth.  Given the situation in LoS today, one would expect the Baht to go far lower.

12 hours ago, AnotherFarang8 said:

I don’t think the worst of this economic shock is there yet. Give it time, it’s a slow motion train wreck.

It's just getting warmed up. The train is still at the station.

22 minutes ago, sucit said:

Thailands only hope: 40 baht per dollar and open the damn country

Lets make that a Aussie Dollar!!!

11 hours ago, 3NUMBAS said:

waiting for it to hit 100 to the pound like 97 .it was a glorious time in the bars

Maybe you over-imbibed in the bars. It was 75, never remotely close to 100 ????. But yes, I agree about the good times.

2 minutes ago, Bangkok Barry said:

Maybe you over-imbibed in the bars. It was 75, never remotely close to 100 ????. But yes, I agree about the good times.

Well, he might have good cause to differ with you. It's likely his evidence was 40 proof.

13 hours ago, AnotherFarang8 said:

Tourists will have to pay inflated prices for everything as weakened baht will buy less on international markets. Just to transport coconuts to the resort the farmer will pay more for gasoline because Thailand imports oil. Tourists will need to pay for that, who else. Not to mention household private debts accumulated by Thais over the jobless period. So no, tourists won’t see their currency do better than 2 years ago.

Well my main expense is for beer which is domestically produced so I should be OK. I think the idea that the rising cost of transportation from more expensive fuel would completely cancel out the advantage of a significantly better exchange rate is a bit of a stretch.

54 minutes ago, sandyf said:

Historically flawed, sitting down to eat kaphao or fried rice for 35/40 baht is quite common, not much change in 20 years.

20 years ago it was 20-25 baht. And the tom yum I usually have for lunch has gone up from 30 to 45 in the last 10 years.

28 minutes ago, Muhendis said:

6 hours ago, ourmanflint said:

When it hits 55bt to the pound I will be dancing in the streets

Me too if I'm still alive............ 

Dancing in the street at my age might kill me.

teetering ever so closer to 33 per yankee dollar 

 

c’mon, you can do it!

Typical. Not bringing any money to Thailand this year!

Good for everyone except the , elites who launder their money in foreign currency