1 minute ago, Old Croc said:

I did exactly the same thing thinking it had hit a peak and then watched it continue to rise!

I'll cry in your beer, you can cry in mine.

4 hours ago, Gold Star said:

The high flying Baht may get it's wings clipped.

I sure bet the new ex-bargirl G/f of a man I just met hopes this does not happen. She  is planning I think on completely fleecing him when he sells his house and all his UK assets in the coming months to come and live here !

1 minute ago, RichardColeman said:

I sure bet the new ex-bargirl G/f of a man I just met hopes this does not happen. She  is planning I think on completely fleecing him when he sells his house and all his UK assets in the coming months to come and live here !

Don't understand. She'll be getting more baht than before, unless the GBP is tanking too.

4 hours ago, RandiRona said:

That's ok...CCP will save them and Arabs ofcourse...

And if that fails there is always GoFundMe ????????

Unfortunately Covid and war in Ukraine is going to harm every countries economy with rising inflation and interest rates not seen on such a scale for decades. Tourism is unlikely to return to prepandemic levels any time soon but relaxation of entry conditions and visa requirements will assist although Thailand has lost the initiative in these respect to other South East Asian Contries.  Visa free entry should be allowed and extension of visa exemption to 60 days would be helpful as well as a welcoming smile upon entry by officials which has been severely lacking for some years now from what used to be called land of smiles  

6 hours ago, ezzra said:

wouldn't want that to happen, i got <deleted> load of bahts in Thai banks at the moment, not to mention my properties... 

FYI, cash/baht is being decimated (due to inflation. E. g. Eggs are up ~10% this week). And the property market is stagnant at best here. Certainly not like in California. 

4 hours ago, RandiRona said:

That's ok...CCP will save them and Arabs ofcourse...

Forgot Indians ?

 

44 minutes ago, wombat said:

 

With that pesky treasury buying baht with the money in the foreign exchange account it isn't going to happen.

The flow on from Europe having to pay for gas in Roubles not US dollars is only just starting to be felt.

If I was into doing the currency thing I'd be offloading $US and buying Roubles...the only place that Roubles can go is up in value and the only place $US can go is down.

Congratulations on your sanctions.

Wonder if the BOT will exchange the USD Greenbacks for Rubles to help support and back their friends in Russia.

Edited March 25, 20224 yr by ThailandRyan

23 minutes ago, Swampy999 said:

And if that fails there is always GoFundMe ????????

Can you start one for me, I mean I am suffering a severe case of IDGAF for those that created the mess.

Is the all mighty dollar going to be 40 baht again?

54 minutes ago, Lacessit said:

I wish just once I could time my transfers at peak value, got 24.8 baht last week.

Never mind, I suppose it's better than being Russian.

The guarantee on deposits up to 1 million baht may be next.

Or maybe 2 million, you never know what genius ideas they have in government to get everyone out of the country.

 

I am not holding my breath around the decline of the baht as it's seems to have teflon status.

In the mid 40s yesterday against the GBP.

2 hours ago, khunpa said:

What happened to all the Saudis and the millions of super-rich Indians dying to go to Thailand and invest THB 32 mill. for a visa? 
 

 

They both failed their Covid test on entry, and got packed off to quarantine...

1 hour ago, Lacessit said:

I wish just once I could time my transfers at peak value, got 24.8 baht last week.

Never mind, I suppose it's better than being Russian.

The guarantee on deposits up to 1 million baht may be next.

I rememember being disappointed when we only used to get 28/29 for the

$Aus must have been 11/12 years ago.

5 hours ago, Gold Star said:

The high flying Baht may get it's wings clipped.

Clip the wings of a dodo 

Another farang tax of some kind coming?  They already have an Arrival tax, maybe they will bring in a Non Arrival tax and make tourists pay for the years they didnt come to Thailand.  I mean lets face it, its the tourists fault that Thailand is so dependant on tourist dollars as it wouldnt have happened if they didnt come in the first place  (Thai logic).

3 hours ago, it is what it is said:

 

no chance.

nope it would take intelligence to do this ... don't forget where we are eh!!

1 hour ago, Old Croc said:

The AUD is at its highest rate to the Baht for several years. Over 25 again.

 

not the euro or sterling terrible..

Just now, Harveyboy said:

not the euro or sterling terrible..

Sterling had a recent rise....mid-March from 43.5 up to 44.4, but seems to be rolling back now. Started after I made a transfer!

If things get really bad they might have to entertain the idea of 'welcoming' US and EU citizens.......tough one to swallow.......

I am surprised it has taken so long. The banks in Thailand has lent billions to the construction industry to erect unsaleable buildings. This is in part due to Covid but was a problem before the pandemic occurred as the property market has been in recession for years due to oversupply. If bad debts were correctly provided for then I wouldn’t be surprised to learn that they have been trading while insolvent which is illegal. This is an accounting and enforcement issue so provides good opportunities for banks to show their appreciation. 

11 minutes ago, CiderFizz said:

.......................... The banks in Thailand has lent billions to the construction industry to erect unsaleable buildings. This is in part due to Covid but was a problem before the pandemic occurred as the property market has been in recession for years due to oversupply.........................

I agree with you. And they still cannot (or do not) stop building if you just look around.

What is a mystery to me though, is why prices for property for have not unhalfed.

Edited March 25, 20224 yr by moogradod

3 minutes ago, moogradod said:

I agree with you. And they still cannot (or do not) stop building if you just look around.

What is a mystery to me though, is why prices for property for have not unhalfed.

Thai economic theory.......it must be taught in schools.......if you have fewer customers you must increase the price to make up for the lower numbers.......cannot fault that logic.

6 hours ago, webfact said:

The rating agency Standard and Poor or S&P Ratings

As a government, I'd feel somehow uneasy and squishy if an agency calling itself Standard & POOR rated my country's financial standing. 

4 hours ago, tonray said:

Time to up the Retirement Visa requirements to shore up the banks...ha ha ha...maybe OA Visa "Bank Failure" insurance ?

It is anyway a very long time it was brought up to 800 000 Thb ....i got since that 2008 already a 25 % increase on my pension in those 13 years (at a 2% a year approx)...so a 1000 000 Thb would be a  logic new amount .

But the bad tourisme factor withold them i to do this i guess ....( Let's hope ????)

Edited March 25, 20224 yr by david555

6 hours ago, Gold Star said:

The high flying Baht may get it's wings clipped.

Nothing very high-flying recently about THB, which has been trading weak (but not necessarily against GBP and EUR, which have their own problems). Should certainly go weaker on high oil price.

Just now, ThailandRyan said:

Fever, Upper respiratory, Nausea, Dizziness, Fatigue, sneezing, coughing and a loss of taste and smell.  Day 11 my taste and smell started coming back. Today Day 12 starting t finally feel free of the brain fog and the congestion has decreased.  No my sinuses are the major issue.  Slept for a few days almost all day long.  The GF had the same symptoms except she had a monster fever for 3 days and a major headache.  She after 14 days is still congested and coughing, yet yesterday her ATK test came back negative while mine still shows a slight line at the T. So tell me more, it may be mild for some but I was one step from driving to the hospital with the GF until her fever at 39 broke finally and her headache went away.

Yikes. Sounds horrific......cannot believe me and the wife have not caught it......spent most of the pandemic in the bars around Khlong Toei before being vaccinated or traveling back and forth to the UK afterwards!!

3 hours ago, DjSilver said:

Great news. More like this and the baht will be where it was 10 years ago.

Wishful thinking 

If only the 5 year Elite visa could be put up another 100K baht, this would surely solve the problem.  

3 hours ago, Lacessit said:

I wish just once I could time my transfers at peak value, got 24.8 baht last week.

Never mind, I suppose it's better than being Russian.

The guarantee on deposits up to 1 million baht may be next.

I now transfer my Nz pension and other funds,  through wise. That way, I only do transfers when the rates are quite high, like yesterday..