Once Asia’s top performer, the Thai baht is now becoming the region’s worst-hit currency

[Nong Khai Man]

On 7/27/2021 at 2:55 PM, Irate priest said:

That is correct i remember exchanging  travelers cheque in a bank in Pattaya and the rate was in the high 90s

As YOU Are a Priest ( LOL ), I Now think people WILL Believe Me when I Say " I DID Get 92 to The Pound in ' 97 " 

[nauseus]

2 hours ago, Isaan sailor said:

Baht up 10 Satang today on USD and even Euro.  When someone dumps USD into Thailand (billions), it would raise the Baht.  Conversely if someone dumps Baht into another country, it would also jack up the Baht.  The vast majority of international monetary transactions are done in USD.

So 10 satang is a trouncing. Got it.

[Nong Khai Man]

On 7/27/2021 at 3:05 PM, GroveHillWanderer said:

According to fxtop.com, it never got above 80 at any point in 1997. They show that its highest ever rate was just below 91 (90.6745) in January 1998.

 

Pound to baht historical exchange rates

 

 

'97...'98...What's A Month between Friends ??

[nauseus]

2 minutes ago, Nong Khai Man said:

As YOU Are a Priest ( LOL ), I Now think people WILL Believe Me when I Say " I DID Get 92 to The Pound in ' 97 " 

Sounds like you are both novices. ????

[Nong Khai Man]

On 7/27/2021 at 4:26 PM, nauseus said:

More flannel - never been high 90's - I  wish! 

 

Hard partying can alter reality but that's OK.

NOBODY Said HIGH 90's, 92 is hardly HIGH is it.....??

[nauseus]

1 hour ago, candide said:

Well, the euro/£ exchange rate evolution since the Brexit referendum shows a different picture.... ????

https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart

The chart from New Year (when we actually left) is more relevant:

 

[Nong Khai Man]

8 minutes ago, nauseus said:

Sounds like you are both novices. ????

Oh Really ?? So Just How LONG have YOU Been coming here ??

 

Me.......1st Time...February 1976 !!

Edited July 28, 2021 by Nong Khai Man

[Nong Khai Man]

GBP Is Now at 45.57 On Wise ....

 

[EricTh]

The Baht has climbed up again.

[nauseus]

3 minutes ago, EricTh said:

The Baht has climbed up again.

Or down.....as the case may be.....

 

[smedly]

they keep saying worse performing - that is not correct, the baht going down could be a good thing 

[candide]

3 hours ago, nauseus said:

The chart from New Year (when we actually left) is more relevant:

 

No. It's a short term variation among other similar short term variations which occurred previously (see graph). It doesn't change the medium-term trend, 

Edited July 28, 2021 by candide

[Caspersfriend]

11 hours ago, Nong Khai Man said:

Currently it's 45 To The Pound Mate NOT 40 !!!

I note from your other posts on this topic and the heavy emphasis [NOT 40 !!!] that you are pedantic by nature. My 40/40 comment was a generalisation, my apologies if it offended you or made the gist of my post unclear. Suck it up mate.

[jacko45k]

On 7/27/2021 at 1:13 PM, Pinot said:

I've seen very little inflation in LOS in the 10 years I've lived here. My rent is the same as when I signed the lease 5 years ago. If anything I could get it cheaper now. 

Food prices are surging recently.... 

Yes many are haggling down rents as owners know they cannot find new tenants, and I certainly spend less each month as I haven't bought a lady-drink, or been in a bar for a long time.... so a mixed bag.

[Nong Khai Man]

6 hours ago, Caspersfriend said:

I note from your other posts on this topic and the heavy emphasis [NOT 40 !!!] that you are pedantic by nature. My 40/40 comment was a generalisation, my apologies if it offended you or made the gist of my post unclear. Suck it up mate.

I'm NOT Pedantic,Just Get it CORRECT & There would be NO need for me to Reply to your Inaccurate Posts !!

[Nong Khai Man]

17 hours ago, EricTh said:

The Baht has climbed up again.

NO it Ain't M8 I just transferred my U.K. Pension via @Wise & I'got 45.78 to The GBP.....

[Nong Khai Man]

6 hours ago, jacko45k said:

Food prices are surging recently.... 

Yes many are haggling down rents as owners know they cannot find new tenants, and I certainly spend less each month as I haven't bought a lady-drink, or been in a bar for a long time.... so a mixed bag.

Food prices are surging recently.... Seems More prevalent in Lotus at the present time MOST Things have gone Up there !!

[3NUMBAS]

its strength was always a mirage ,,downhill all the way now theve been found out

[Caspersfriend]

8 minutes ago, Nong Khai Man said:

I'm NOT Pedantic,Just Get it CORRECT & There would be NO need for me to Reply to your Inaccurate Posts !!

Okay, i'll just quietly listen until you actually have a contribution to the OP's [indeed any] thread that's worth SHOUTING ABOUT.

[chalawaan]

Giddyup! Reality finally wears away teflon Thailand's bogus baht brawn. 

 

Everyone wins but the fat cats, even poorer Thais, so good on us.

 

[Rinrada]

16 minutes ago, Nong Khai Man said:

NO it Ain't M8 I just transferred my U.K. Pension via @Wise & I'got 45.78 to The GBP.....

Wise........45.8499......go for... 46...

[Airalee]

7 hours ago, jacko45k said:

Food prices are surging recently.... 

Yes many are haggling down rents as owners know they cannot find new tenants, and I certainly spend less each month as I haven't bought a lady-drink, or been in a bar for a long time.... so a mixed bag.

Where are they surging?  Is this a Pattaya specific phenomenon?  I buy a lot of imported food (cheeses/sardines/almonds/steaks) with the exception of TGM deli meats, Broccoli, Cauliflower, Japanese Cucumbers, Chicken, etc etc etc. and I’m not seeing anything budge upwards.  In fact, most of what I eat now seems to be perpetually on sale.  With the Happyfresh delivery service coupon on top of the already discounted prices from Tesco, Big C and Gourmet Market, food is cheaper than it was 10 years ago for me.

[huangnon]

31 minutes ago, Nong Khai Man said:

Food prices are surging recently.... Seems More prevalent in Lotus at the present time MOST Things have gone Up there !!

Food and service prices are surging due to big disruptions on the Thai supply side. Manufacturing (domestic and exports) and food production are now severely disrupted due to Covid, or at least the PCR-testing finding 'cases' and clusters among factory workers and staff.

Expect inflation and impacts (shortages) of goods presently.

[jacko45k]

15 hours ago, Nong Khai Man said:

Food prices are surging recently.... Seems More prevalent in Lotus at the present time MOST Things have gone Up there !!

Even on the Thai wet markets food prices are going up, A few more have been closed in the Banglamung area to get cleaned up too. 

[Excel]

15 hours ago, Rinrada said:

Wise........45.8499......go for... 46...

Soon, XE and WISE just a minute ago 45.89. I shall wait till Monday to transfer though, looking forward to 46.10 hopefully, been a long time

[JensenZ]

Talking about stretching for a story. They are talking about The Asia region, yet quoting the yen and AUD. The PHP has performed about even with the THB all year, and currently nearly exactly at the same exchange rate it was at in January, and the last 3 months it has been very evenly matched.

 

The quote in the report about Tourism is absurd:

 

"Tourism decline hits Thailand

Still, the Asian currency’s underperformance this year cannot be solely blamed on the Covid pandemic, considering that the impact of the delta variant on the rest of the region is “far more dismal,” Varathan said.

 

Varathan pointed out the sharp decline in tourism numbers has actually multiplied the “Covid devastation” on Thailand’s economy."

 

For starters, tourism has not been in decline since the pandemic started. It has been totally absent. Suggesting that tourism decline has increased the "devastation" is absurd - It's one of the main reasons for the "devastation". Wake up Varathan, tourist across the globe has been cancelled out, just incase you were unaware. These people seem to live in a very small bubble.

 

[JensenZ]

4 hours ago, jacko45k said:

Even on the Thai wet markets food prices are going up, A few more have been closed in the Banglamung area to get cleaned up too. 

I have not noticed an increase in prices of most if not all items that I buy. Milk and other dairy products are the same, as is my meat, chicken and fish. At the 7Eleven everything is the same price as it has been for over a year. I'm saving money due to the number of sales on imported items at the major supermarkets.

 

Note: I don't go to wet markets, but the big supermarkets are able to keep prices stable with bulk buying, whereas a wet market vendor might not be able to.

[Nong Khai Man]

On 7/28/2021 at 8:37 PM, nauseus said:

So 10 satang is a trouncing. Got it.

Depends How Much Yer Changing Don't it ??

[nauseus]

27 minutes ago, Nong Khai Man said:

Depends How Much Yer Changing Don't it ??

Nope.

[Nong Khai Man]

11 hours ago, nauseus said:

Nope.

But It DOES.....