1 hour ago, Henryford said:

The economic gurus on Youtube are always saying the dollar is about to collapse but no sign of it yet despite the trillions being printed.

These economic gurus are generally snake oil salesmen. Examples could be Peter Schiff, Mike Maloney, Mark Faber, and the list goes on. Spouting the same nonsense for many years. They will likely be dead by the time they can say they was correct. And strangely, they sell the product they are bullish on 555.

NZ$ verses the Thai baht has reached a near 4 year high at 23.45. But is still a wee way off the 10 year high of 28.49 back in 2014, and well up on the unexpected extreme low of 18.61 in March 2020. When I first started to frequent thailand several years ago 24-25 baht was the norm. 

Excellent news for anyone getting paid in USD from US companies that don’t care where you live ( vast majority of US companies post-covid. Learn to code folks!! ). Bad news for everyone else. Buy BTC and ETH now. Non-usd fiat will be worthless within five years. BTC is literally the only protection people have.
 

Here’s to hoping we see 60 baht / USD. I will go from Viceroy to God if true. Fingers crossed ???? 

Just my luck to have OZ dollar.

A rosy prediction. I see a 15-30% downside risk. 40-45 baht per dollar, within 12-18 months. In 1997 the baht fell to 56 to the dollar. This economic crisis is going to make 1997 look like a cakewalk. A four to seven year recovery period.

 

The extent to which they have demolished the tourism industry is beyond comprehension. Same applies to the economy in general, with the constant shutdowns, the inconsistent application of policy, the completely botched vaccination program, and the Covid fear mongering. You could not have destroyed the future of the nation more, if you were deliberately trying to do so. 

From the link, and pointing the finger very firmly on government members and other 'VIPs' who ignored Covid measures to party, and then allowing huge numbers to leave Bangkok for Songkran and to spread the virus - as they have recently done again.

Isara pointed out that the divergence started between late of the first quarter this year and early of the second quarter when the third wave emerged in Thonglor cluster venues then followed by more infections from Thai New Year holidays.

Baht depreciate and caused imported inflation on most products to rise. Doesn't this cancelled out the euphoria of receiving better returns on remittance. 

i can see it going to late 90s rates for sure

Long time coming and well deserved. Personally, I thought the Thai Baht became very strong costing tourists a fortune. The Thai Tourists Association not happy with that, started putting out the feelers for upper-class tourists to drain the pockets of Farangs internationally Not caring a not for Thai exports. leaving Thailand Over 6 years ago, the grass really is greener on the other side. All that visa innuendo, is such a bind having to go and sign whatever or even online. And God help you if you forget. I’m not going to slag off THAILAND is a nice place but there is better places believe me. My pet hate and Thailand is sanctimonious Thai apologists Expats. My Thai wife this, my Thai wife that? Who really cares to be honest. Filipino girls for instance, are very pretty as well With a vast array of choice. I’m just trying to say it’s not the be all and end of it all. Our company is going to  invest heavily in Thailand, so I have no choice but to come and work there from time to time but I’m sure I will be able to indulge in Thai delicacies if you get my drift ha ha. 

 

Rant over

15 minutes ago, Pracha Duang said:

Excellent news for anyone getting paid in USD from US companies that don’t care where you live ( vast majority of US companies post-covid. Learn to code folks!! ). Bad news for everyone else. Buy BTC and ETH now. Non-usd fiat will be worthless within five years. BTC is literally the only protection people have.
 

Here’s to hoping we see 60 baht / USD. I will go from Viceroy to God if true. Fingers crossed ???? 

I would guess from that, you're aged mid 30's

USD/THB dropped from 33.15 resistance level back to 33.06 this morning. A great opportunity to buy USD/THB, now 33.10.

 

 

1 hour ago, joloit said:

Maybe the donated vaccines will get more expensive for us now ????

Went to get the Pfizer vaccine today at the Chiang Rai OBJ. All they had was Sinovac. Most people do not realize that Sinovac does not cover the Delta Variant which is mostly in circulation now. Thailand has purchased millions of doses of Sinovac which is useless against the Delta Variant. It does cover the A Variant. Not sure but I think Thailand has already purchased 50 million doses of Sinovac which is worthless against the Delta Variant.  I have an appointment on August 23 at Mae Fah Luang University Hospital for the Astro Vaccine. It is effective against the Delta Variant. Guess I will have to wait.

 

Well I am not complaining about the baht losing out against other currencies

If its 50 to the Sterling pound end of the year will be happy as mentioned Pensioners  will be smiling ????

Next thing we'll hear is TV retirees whingeing about the decay of their 800000 Bahts deposits. 

 

Unless, of course, Thai Immigration switches to USD requirements...

2 hours ago, smutcakes said:

Normally this would not bother me one bit, but on the same day the deposit protection amount was announced to be reduced from 5 Million THB to 1 Million THB from 11th August, it makes it a little bit annoying.

 

I suppose will have to either just accept the risk, spread THB around to different accounts in different banks, transfer money into stock trading account or transfer money back to home despite a worse exchange rate compared to the last couple of years. Probably do a bit of everything.

@smutcakes yes must be annoying to have so much money you're not sure what to do with it!

It's temporary, the US dollar will continue its long term decline in a few months.

2 hours ago, Chosenfew said:

What happens to banks when many Thai’s cannot pay their mortgage and car payments?

That is already the case, i live on a modern  estate in  Issan with and ave prices about 4 million and 30% are and have been empty for 3 years to my knowledge, went to look at a car for daughter( yes i know) in Khonkaen and on the estate with very nice 4/5 bedrooms some pools again 30% literally with boards on the windows and overgrown tree's growing into the roof, but the banks wont write them down, all the time they are in the books they have  not lost money.

3 hours ago, smedly said:

you mean 47

The day of the Brexit vote it was at 52.1

10 minutes ago, Almer said:

That is already the case

All around us in this position but Banks and Government keeping a lid on the news as usual !

2 hours ago, redwood1 said:

I think the Thai banks have been carrying bad loans for a very loooong time....One day a spectacular day of reckoning will come...

I hope it does because they have been recklessly lending to people with no hope of paying it back for the last three Decades !

Can anyone join this fantasy-fest?

 

US$1 = 234 Baht.

Just now, KarenBravo said:

Can anyone join this fantasy-fest?

 

US$1 = 234 Baht.

Off to Icon Siam for that Ferrari....

Just now, KarenBravo said:

Can anyone join this fantasy-fest?

 

US$1 = 234 Baht.

  1 DKK = 38789 USD = 76297928 Baht

3 minutes ago, trainman34014 said:

I hope it does because they have been recklessly lending to people with no hope of paying it back for the last three Decades !

I don't know about that. Mortage loans are not that easy to get. Must be employed with good history, max term of loan 20 years...so if you are 45 you only get 15 year loan, etc. 

It baffles me how a self employed electrician ( i use the word loosely) can finance a car 800.000 and use his out of work daughter to be guarantor,  well the <deleted> has hit the fan and it is "dont look at me time"

51 minutes ago, Zack61 said:

As much as I'd like to see the slide continue I acknowledge that the THB has remained somewhat immune and resilient to similar predictions and forecasts over the past 5 years and I don't see this trend as a sure bet. The dice don't always fall as we hope and I'll not be counting on it and only believe it when it happens. .

Quite. For the last 15 years many have been wishing for a reversal in the strength of the baht but previous dips have never materialised. I often think that most foreigners drive around the country with their eyes shut. In that time the progress on infrastructure has very significant but gets viewed with contempt by many.

I for one would like nothing better than to see a rise in disposable income but will be pushing up daisies before there is any significant change, after all the UK government will only pay the same pension as 2012.

Their inference being when the pandemic  finally subsides, the Baht will return to most overpriced currency status.  Either way, tourism’s toast.

1 hour ago, jacko45k said:

Because then they have no control over monetary policy.....and are in effect giving a free loan to the USA. 

One just warns the US if they don't play fair we'll print some extra UDs to pay the "Loan" that you refer to. ????

10 minutes ago, Almer said:

It baffles me how a self employed electrician ( i use the word loosely) can finance a car 800.000 and use his out of work daughter to be guarantor,  wel the sh!t has hit the fan and it us "dont look at me time"

What baffles me is how some are quick to jump to conclusions, appearances are and always will be deceptive, we have a multi millionaire(£) living in a shack around the corner from us.

Out of work does not equate to out of assets.

5 hours ago, RichardColeman said:

Finding it hard to think of a good reason as to why this is not a bad thing

Imports more expensive ?