Lemsta69 Posted June 27, 2022 Share Posted June 27, 2022 3 minutes ago, brianthainess said: I left OZ when the AUD was Higher than the USD ???? shoulda converted it all into USD and bought AMZN or $BTC. 1 1 Link to comment Share on other sites More sharing options...
brianthainess Posted June 27, 2022 Share Posted June 27, 2022 45 minutes ago, vandeventer said: With the prices going higher and the Baht going lower this will have a huge effect on the Thai people that don't get a cost of living increases in pay. example, I get a cost of living increase twice a year on my pension. ???????? Link to comment Share on other sites More sharing options...
KhunLA Posted June 27, 2022 Share Posted June 27, 2022 (edited) 2 hours ago, sandrew33 said: Extremely narrow focus of Baht v USD. AUD was almost 33 Baht a decade ago it’s now 25 baht. Perhaps remove the focus on USD and take a bigger picture view? Perhaps join the 21st Century, instead of living in the past. USD was 53.9 baht 1Jun98. Who cares, as doesn't help now. 40 in 2020 when I got here, up to 45, then dropped to 29, now back to 35. All I care about is what it will be when it gets deposited in my account here. Not that there's anything I can do, except rejoice it's not longer 29. Cigarettes used to be $.33 cents a pack for Pall Mall. My brother and I used to fight over who went to the store to buy them for our parents, as we got the change from $.35 cents. 2 cents bought 2 X 5 pieces of candy that contained 5 pieces inside. 50 chewables ... pure bliss to a 5-6-7 yr old. 1st salaried job I got paid < $1 an hour. Paper route before that was $12 a week and I was happy to have that. Beginning of the financial empire ???? All totally irrelevant to my next deposit at the bank, and how much it will cost to make beef jerky this week for me & the dog. Biggest fear is Singha stopped making Kopper Craft beer, and I now have to go back to Snowy. Mind you, not the end of the world. Edited June 27, 2022 by KhunLA 1 Link to comment Share on other sites More sharing options...
brianthainess Posted June 27, 2022 Share Posted June 27, 2022 1 minute ago, Lemsta69 said: shoulda converted it all into USD and bought AMZN or $BTC. So lose money on the exchange rate, wonder why I never gave that a thought. Shoulda, coulda, woulda. Link to comment Share on other sites More sharing options...
Lemsta69 Posted June 27, 2022 Share Posted June 27, 2022 2 minutes ago, brianthainess said: So lose money on the exchange rate, wonder why I never gave that a thought. Shoulda, coulda, woulda. lose money, how do you figure that? if you'd bought a big chunk of USD at parity or higher (the peak was AUD1 = USD 1.07 I think), you'd be laughing all the way to the bank right now. Link to comment Share on other sites More sharing options...
Popular Post Fairynuff Posted June 27, 2022 Popular Post Share Posted June 27, 2022 2 hours ago, jacko45k said: Why focus on Sterling..... ? It is a weak currency in a dire political situation and carries massive debt. They just announced 9% inflation there and are heading into widescale strike actions. Third world numbers.... The UK is a basket case that voted to impose economic sanctions on itself. 5 1 1 Link to comment Share on other sites More sharing options...
Will B Good Posted June 27, 2022 Share Posted June 27, 2022 5 hours ago, webfact said: and a rapidly ageing population Can't see how they will tackle this as, apart from some cheap labour for construction work.............foreigners will not be allowed in. Merkel, it is claimed, saw this problem and let in the Syrians......Syrian doctors, dentists, architects, surgeons that is.....clever. 1 Link to comment Share on other sites More sharing options...
vandeventer Posted June 27, 2022 Share Posted June 27, 2022 34 minutes ago, brianthainess said: I left OZ when the AUD was Higher than the USD ???? That must have pre 1969? You poor guy. But that's the time when I came to Australia and lost almost 40% on the exchange rate , than they floated the Aussie dollar and it took a nose dive against the USD ever since. Link to comment Share on other sites More sharing options...
shackleton Posted June 27, 2022 Share Posted June 27, 2022 For those of us who transfer Sterling pounds to Thailand I think is wishful thinking for the Baht rate getting more for the pound The UK economy is in a mess cost of living. Fuel food. Now strikes people wanting more pay I can only see the pound suffering against the American $ and Thai Baht Hope I am wrong time will tell ???? 1 Link to comment Share on other sites More sharing options...
Popular Post Mywayboy Posted June 27, 2022 Popular Post Share Posted June 27, 2022 On 6/17/2022 at 11:21 AM, sammieuk1 said: Was he not Russian yesterday! and today? ???? 58 minutes ago, kevin612 said: The baht was strong for many years, let it weaken for one year. Why the heck this dude want baht stay strong forever. Baht totally overvalued for many years. Falsely inflated by the powers to be for years I'm afraid. 3 Link to comment Share on other sites More sharing options...
Old Croc Posted June 27, 2022 Share Posted June 27, 2022 (edited) 17 minutes ago, vandeventer said: That must have pre 1969? You poor guy. But that's the time when I came to Australia and lost almost 40% on the exchange rate , than they floated the Aussie dollar and it took a nose dive against the USD ever since. The AUD was buying 1.05 USD in April 2013. My superannuation scheme has just announced a rise of 3.5% following interest rate rises in Australia. Edited June 27, 2022 by Old Croc 1 Link to comment Share on other sites More sharing options...
David T Pike Posted June 27, 2022 Share Posted June 27, 2022 What fake news! The baht was lower 5 years ago when it hit 36.4 to the dollar. 1 Link to comment Share on other sites More sharing options...
crazykopite Posted June 27, 2022 Share Posted June 27, 2022 Back in 2005 I was getting 74+ baht to the £ wise rate this morning is 43.4 to the £ . Prices over the past month have risen sharply and here on the islands petrol is now 47+ to the litre a month ago I could buy a cooked chicken in Big C for 109 bht yesterday 130 bht . The bht has been manipulated so much so that by the end of the year I can see it going belly up and who will suffer the normal working people 1 Link to comment Share on other sites More sharing options...
crazykopite Posted June 27, 2022 Share Posted June 27, 2022 8 minutes ago, shackleton said: For those of us who transfer Sterling pounds to Thailand I think is wishful thinking for the Baht rate getting more for the pound The UK economy is in a mess cost of living. Fuel food. Now strikes people wanting more pay I can only see the pound suffering against the American $ and Thai Baht Hope I am wrong time will tell ???? It’s not just the U.K. the rest of the world is suffering there are strikes in Europe as well billions are being invested into the U.K. markets by major companies relocating from overseas its not all gloom and doom but like you I wish I was getting a better rate for my £ . I use wise there fees are way cheaper than the banks and I have always found them to have the best exchange rates . 2 Link to comment Share on other sites More sharing options...
SymS Posted June 27, 2022 Share Posted June 27, 2022 3 hours ago, ExpatOilWorker said: Total garbage article. The baht is not at a 15 years low, it was 36.3 to the US-$ back in October 2015. They did not use the best of words, but they probably mentioned that because that was also the price at one point in 2007. 2 Link to comment Share on other sites More sharing options...
brianthainess Posted June 27, 2022 Share Posted June 27, 2022 34 minutes ago, vandeventer said: That must have pre 1969? You poor guy. But that's the time when I came to Australia and lost almost 40% on the exchange rate , than they floated the Aussie dollar and it took a nose dive against the USD ever since. 2013. and interest on my super was 11% then it all crashed. At that time I wasn't even on the internet, only at cafe's sometimes to check my e-mail. 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted June 27, 2022 Share Posted June 27, 2022 1 hour ago, Mywayboy said: Baht totally overvalued for many years. Falsely inflated by the powers to be for years I'm afraid. I am curious to learn from a better mind as to why the powers that falsely inflated the Baht don't do the same now. Link to comment Share on other sites More sharing options...
hotchilli Posted June 27, 2022 Share Posted June 27, 2022 7 hours ago, webfact said: While the kingdom maintains a strong external financial situation and prudent fiscal management to support its economy, the growing impact of chronic problems such as household debt and a rapidly ageing population as well as inequality and political instability are undermining any prospect of decisive action to find a solution. The result is an economy that has now performed below its regional peers for years Time for a change of leadership? 2 Link to comment Share on other sites More sharing options...
tjo o tjim Posted June 27, 2022 Share Posted June 27, 2022 5 hours ago, cardinalblue said: International travel to/from Asia is sky high; tourists won’t be coming nor expats going home this summer It was far cheaper for us to get to Thailand than Europe from the US. Tourist destinations seem relatively busy given the limited options for them. Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 27, 2022 Share Posted June 27, 2022 4 hours ago, ThailandRyan said: 35.46 Thb to $1 this morning, not sure why it dropped, but lets see what happens when the banks open. Waiting on 36 to transfer a chunk needed for a purchase. 35.43 on USD now. Looks like the Baht going the wrong way. Link to comment Share on other sites More sharing options...
Skeptic7 Posted June 27, 2022 Share Posted June 27, 2022 Total load of ???? headline. THB was at 36.48 in October 2015 and well above 36 in early 2016 and 35.81 on 1 January 2017 against USD. Lie-Land. 1 Link to comment Share on other sites More sharing options...
GroveHillWanderer Posted June 27, 2022 Share Posted June 27, 2022 5 hours ago, RichardColeman said: Fears for the baht as it hits a 15-year low Really ? The £/baht was higher than currently last week ! Talk about a nonsense headline True but (although as some have pointed out, it may be wrong in its conclusions) the article is quite clear that it is talking about, "The Thai baht [...] against the US dollar." Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 27, 2022 Share Posted June 27, 2022 6 minutes ago, Isaan sailor said: 35.43 on USD now. Looks like the Baht going the wrong way. Market manipulation it would seem, as nothing has changed since last Friday. Maybe the BOT has used their USD surplus to buy more Baht.... 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted June 27, 2022 Share Posted June 27, 2022 BOT this morning at an analyst meeting has dropped a big hint on hiking interest rate. Their focus will be on monetary policy adjusted in a timely manner to keep inflation expectation anchored. BOT will hope that it will reverse the capital outflow and stablize the Baht and together will tourism increasing that will creat demand for Baht. Don't think it will effective to strengthen against the hefty rate increase by FED but certainly possible to stabilize the Baht which is much needed for the economy. 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted June 27, 2022 Popular Post Share Posted June 27, 2022 2 minutes ago, Eric Loh said: BOT this morning at an analyst meeting has dropped a big hint on hiking interest rate. Their focus will be on monetary policy adjusted in a timely manner to keep inflation expectation anchored. BOT will hope that it will reverse the capital outflow and stablize the Baht and together will tourism increasing that will creat demand for Baht. Don't think it will effective to strengthen against the hefty rate increase by FED but certainly possible to stabilize the Baht which is much needed for the economy. They are praying that the FED does not uncork another .5 to .75 basis hike coming up after the G7 summit. Prices are rising globally and that goes for everything imports and exports. 3 Link to comment Share on other sites More sharing options...
Skeptic7 Posted June 27, 2022 Share Posted June 27, 2022 2 minutes ago, ThailandRyan said: They are praying that the FED does not uncork another .5 to .75 basis hike coming up after the G7 summit. Prices are rising globally and that goes for everything imports and exports. They're gonna need more than worthless prayers. The .75 hike next month is a lock and .5s after that. 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted June 27, 2022 Share Posted June 27, 2022 9 minutes ago, ThailandRyan said: They are praying that the FED does not uncork another .5 to .75 basis hike coming up after the G7 summit. Prices are rising globally and that goes for everything imports and exports. The FED hasn't hiked interest rates this agreesive in decades. So far FED has hike rate by 1.75 percentage points this year and will most likely to push rate all the way up to 2.75-3 percent. How will BOT respond and is there risk that the FED hike does more harm than good to the economy. A recesssion will take the sail out of dollar strength. 2 Link to comment Share on other sites More sharing options...
Lacrimas Posted June 27, 2022 Share Posted June 27, 2022 Yeah fear that the elite won't be able to take advantage of a strong baht when going to shopping to the US? Hope it falls to 40 so this country can start living again. 1 Link to comment Share on other sites More sharing options...
userabcd Posted June 27, 2022 Share Posted June 27, 2022 3 hours ago, Mywayboy said: Baht totally overvalued for many years. Falsely inflated by the powers to be for years I'm afraid. More evidence and details explaining why this is so would be welcome. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 27, 2022 Share Posted June 27, 2022 They’re trying to talk the USD down—and it seems to be working today. 1 Link to comment Share on other sites More sharing options...
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