3 minutes ago, Will B Good said:

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!!

Your immune system must be pretty robust, I though mine was as well.  Many of the places we frequented before getting sick were cash free and only used bank transfer because they were afraid of money transferring the virus.

3 hours 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.

IMO the Euro will be badly affected by EU member states having to pay for gas in Roubles but the USD will rise, not affected by the gas and seen as a safe haven.  Only currency which can be printed without inflationary effect.

4 minutes ago, thaibook said:

IMO the Euro will be badly affected by EU member states having to pay for gas in Roubles but the USD will rise, not affected by the gas and seen as a safe haven.  Only currency which can be printed without inflationary effect.

But will that solve the Thai banks  eg. Thai gov. problem ...?

5 hours ago, it is what it is said:

 

no chance.

They will just keep manipulating  it.  Like last twi years they kept it 32-34 to USD with the mean at 33.5.  No way has it maintained  this strength. 

3 minutes ago, david555 said:

But will that solve the Thai banks  eg. Thai gov. problem ...?

No the manipulation  and and false value will save it.

53 minutes ago, shackleton said:

Wishful thinking 

It will gain strenth and manipulation  as it has been last twoor more  years.

1 minute ago, WEBBYB808 said:

No the manipulation  and and false value will save it.

good luck....! For that to happen ....

58 minutes ago, Clydesdale said:

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.

Bs.. its been right where t is for years.  Manipulated and strong

1 hour ago, david555 said:

so a 1000 000 Thb would be a  logic new amount .

And that would mean retirees keeping taking 200,000 out of money going into the Thai economy. Banks happy. But not retailers, restaurants, and the like. 

5 hours ago, ezzra said:

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

Good for you, Rockefeller, but who hasn't?

Just now, John Drake said:

And that would mean retirees keeping taking 200,000 out of money going into the Thai economy. Banks happy. But not retailers, restaurants, and the like. 

It should only follow a logic we got 25% more in those years following yearly inflation .....

BTW  does the petrol company's pity anyone he has to pay more than before .... no .... so that is how it goes in the World 

 

But you are right in the less consumption ....... but it does not stop the spiraling trend of rising costs and need of increasing demands for higher compensation ($ £€¥...)

5 hours ago, itsari said:

BBB 

Next one down is junk status

Nonsense.

2 hours ago, Harveyboy said:

not the euro or sterling terrible.

Towards the end of August 2019, Sterling to baht exchange rate went as low as 36.9126.  The Euro was around 33.3.  

Let us only hope the Th. Gov / Th. banks  go NOT restrict transferring out of Thailand as of now it is easy to send money out , as that would disturb really 

Edited March 25, 20224 yr by david555

Off topic posts about masks and herd immunity have been removed, also replies.

 

Please do not feed these trolls, mods have  to remove their off topic posts and all the dozens of replies they generate.

Just report them, then at least its only the one post to remove

'The surging price of oil and spiralling demand within the kingdom is the latest problem for the government'  A GREAT JOKE :-)))

This jeans higher tax income für government!!

Can someone give a (serious) example of how this THB manipulation is achieved successfully for years.

8 hours ago, Gold Star said:

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

Nah it's teflon coated.

8 hours ago, Gold Star said:

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

They won't let that happen.

Already we are getting headlines that exports are up 16% yoy

7 hours ago, arick said:

Can somebody tell me what the rating is? I can't seem to see it in the article. 

The rating is some value corrupted by financial interests. 

 

 

5 hours ago, Boomer6969 said:

Yeah, nothing  beats stability when it comes to currencies, hope it stays in the 32-34 range to the USD. Some guys are dreaming of getting a 50% increase on their pensions. Would be just enough to get drunk a couple of times, and then to consequences of the cataclysm would make them even poorer than before.

 

Just got this from my pension fund:

 

"In accordance with the UNJSPF Pension adjustment system, there will be an 8.6 per cent cost-of-living adjustment to the US dollar track of periodic benefits for this year. The adjustment will be applied effective 01 April 2022. Cost-of-Living Adjustment (COLA) letters with these details will be issued by the end of April 2022."

 

Is this good new? Nope.

Plus there was just a COLA increase of 5.9% to social security. 

5 hours 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.

This is very likely to happen to be honest. Russia now demands payments for its resources in Rubles for any country that has put sanctions on Russia. So demand for Rubles is very likely to rise, just so countries like Germany can get their gas from Russia.

4 hours ago, ThailandRyan said:

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

Thailand may get roubles anyway.

 

Russia is now invoicing gas sold to the West to be paid for in roubles.

 

It may ask that Thailand takes roubles for whatever Thailand exports to Russia.

 

I am not even an amateur economist, so I am unable to support my supposition with whatever financial logic, if any, would encourage that.

 

 

 

 

6 hours ago, Skeptic7 said:

Oh for The GREAT OLE DAYS! ????

Yes indeed - 80+ Thai baht for 1 GBP, 62+ Thai baht for 1 US$!! I remember those days very well when the economy crashed and many Bangkok "Hi-So's" suddenly lost their luxury apartments, cars and jobs.

7 hours ago, itsari said:

BBB 

Next one down is junk status

Still a long way behind Northern Rock.

Get your money out from

this country ASAP! 

5 minutes ago, sandyf said:

Still a long way behind Northern Rock.

Perhaps Virgin Money is there waiting 

12 minutes ago, racket said:

Get your money out from

this country ASAP! 

i am bizzy doing that already 3 years.... in slow motion .....????, now just the last part from immigration, the last 400K + needed for living costs for the last 5 month's awaiting .... ????.....leaving LOS 

2 hours ago, thaibook said:

IMO the Euro will be badly affected by EU member states having to pay for gas in Roubles but the USD will rise, not affected by the gas and seen as a safe haven.  Only currency which can be printed without inflationary effect.

Tell that to the US citizens being told inflation is running above 7%, but seeing inflation north of 12% in real prices.

7 hours ago, blazes said:

Could be 1998 all over again. 

The Tom Yum Crisis (1998 currency crisis) was amplified by loans denominated in USD.

That is not the situation today.