Mac Mickmanus Posted July 27, 2021 Share Posted July 27, 2021 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 ? Link to comment Share on other sites More sharing options...
heybuz Posted July 27, 2021 Share Posted July 27, 2021 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 1 Link to comment Share on other sites More sharing options...
Popular Post Caldera Posted July 27, 2021 Popular Post Share Posted July 27, 2021 The weakening baht is about the only good news there is in Thailand these days. I wouldn't mind it getting even weaker still. 6 2 Link to comment Share on other sites More sharing options...
Popular Post sandyf Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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. 3 Link to comment Share on other sites More sharing options...
hotchilli Posted July 27, 2021 Share Posted July 27, 2021 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. 2 4 Link to comment Share on other sites More sharing options...
Popular Post Paul Henry Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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. 8 Link to comment Share on other sites More sharing options...
Popular Post Mac Mickmanus Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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 2 2 Link to comment Share on other sites More sharing options...
hotchilli Posted July 27, 2021 Share Posted July 27, 2021 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. 2 Link to comment Share on other sites More sharing options...
dallen52 Posted July 27, 2021 Share Posted July 27, 2021 What!!! Just because we say so? What's the reason? Link to comment Share on other sites More sharing options...
robsamui Posted July 27, 2021 Share Posted July 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted July 27, 2021 Share Posted July 27, 2021 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. Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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. 3 Link to comment Share on other sites More sharing options...
Popular Post Jonathan Swift Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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. 8 Link to comment Share on other sites More sharing options...
Popular Post sucit Posted July 27, 2021 Popular Post Share Posted July 27, 2021 Thailands only hope: 40 baht per dollar and open the damn country 5 Link to comment Share on other sites More sharing options...
bougnat Posted July 27, 2021 Share Posted July 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
Popular Post Muhendis Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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............ 4 Link to comment Share on other sites More sharing options...
Popular Post jacko45k Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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! 1 4 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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? 1 5 Link to comment Share on other sites More sharing options...
Popular Post RayC Posted July 27, 2021 Popular Post Share Posted July 27, 2021 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! 1 4 Link to comment Share on other sites More sharing options...
Isaan sailor Posted July 27, 2021 Share Posted July 27, 2021 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. 2 Link to comment Share on other sites More sharing options...
oznomad Posted July 27, 2021 Share Posted July 27, 2021 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. Link to comment Share on other sites More sharing options...
Popular Post vandeventer Posted July 27, 2021 Popular Post Share Posted July 27, 2021 22 minutes ago, sucit said: Thailands only hope: 40 baht per dollar and open the damn country Lets make that a Aussie Dollar!!! 3 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 27, 2021 Share Posted July 27, 2021 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. 1 1 Link to comment Share on other sites More sharing options...
placeholder Posted July 27, 2021 Share Posted July 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
charmonman Posted July 27, 2021 Share Posted July 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 27, 2021 Share Posted July 27, 2021 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. Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 27, 2021 Share Posted July 27, 2021 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. 1 1 Link to comment Share on other sites More sharing options...
HandsomeTallFarang Posted July 27, 2021 Share Posted July 27, 2021 teetering ever so closer to 33 per yankee dollar c’mon, you can do it! Link to comment Share on other sites More sharing options...
madmitch Posted July 27, 2021 Share Posted July 27, 2021 Typical. Not bringing any money to Thailand this year! Link to comment Share on other sites More sharing options...
Deez Posted July 27, 2021 Share Posted July 27, 2021 Good for everyone except the , elites who launder their money in foreign currency Link to comment Share on other sites More sharing options...
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