Even as the baht surges, Thailand faces economic recession in mid-2023 with lower earnings

[flexomike]

2 hours ago, morrobay said:

Assuming 38 baht last month and 34 baht this month. With a little algebra: 38x = 34x + 7332. Then. 4x=7332.  That's $1833/month

thats not even close to what I get, I got around 92500 in November and 7332 less this month, you can use your algebra to figure out what I got this month

[morrobay]

3 hours ago, flexomike said:

thats not even close to what I get, I got around 92500 in November and 7332 less this month, you can use your algebra to figure out what I got this month

With correct exchange rates: 36.4 Nov and 34.6 Dec. So 92500/36.4 = $2541/month income. Then your short fall this month would have been 4066 baht not 7322 baht. Maybe bank fees: (36.4) (2541) = (34.8) (2541) + 4066

Edited December 8, 2022 by morrobay

[flexomike]

8 hours ago, morrobay said:

With correct exchange rates: 36.4 Nov and 34.6 Dec. So 92500/36.4 = $2541/month income. Then your short fall this month would have been 4066 baht not 7322 baht. Maybe bank fees: (36.4) (2541) = (34.8) (2541) + 4066

bank fees don't change month to month, XE rate for that period was close to minus eight percent, here are my exact amounts that I received for Nov and Dec - 92802 - 85470 goes through BKK Bank NY , same fees every month for the last six years

9 hours ago, morrobay said:

With correct exchange rates: 36.4 Nov and 34.6 Dec. So 92500/36.4 = $2541/month income. Then your short fall this month would have been 4066 baht not 7322 baht. Maybe bank fees: (36.4) (2541) = (34.8) (2541) + 4066

exchange rate for November was around 38 not 36.4

[flexomike]

9 hours ago, morrobay said:

With correct exchange rates: 36.4 Nov and 34.6 Dec. So 92500/36.4 = $2541/month income. Then your short fall this month would have been 4066 baht not 7322 baht. Maybe bank fees: (36.4) (2541) = (34.8) (2541) + 4066

just checked on XE on November fourth the date of my deposit it was 38.01 and on December second date of deposit was 34.72 now try out your algebra again, 

[jacko45k]

14 hours ago, flexomike said:

thats not even close to what I get, I got around 92500 in November and 7332 less this month, you can use your algebra to figure out what I got this month

And surely it went up substantially each month from February to October this year.

[BritManToo]

On 12/2/2022 at 8:50 AM, Pinot said:

The pandemic killed 15 million people. It's still killing people. It's not the flu! Jesus wept. 

But those people were mainly useless to their countries economy.

COVID must have saved the UK millions on pension payments.

 

Back on topic,

Currency manipulation is the answer IMHO.

Edited December 9, 2022 by BritManToo

[jacko45k]

2 minutes ago, BritManToo said:

COVID must have saved the UK millions on pension payments.

You are ignorant as to what Covid cost the UK with furloughs etc? 

£410 billion. This is the equivalent of about £4,600 to £6,100 per person in the UK..

[BritManToo]

Just now, jacko45k said:

You are ignorant as to what Covid cost the UK with furloughs etc? 

£410 billion. This is the equivalent of about £4,600 to £6,100 per person in the UK..

All self inflicted, nobody forced the government to close the country for 2 years.

[jacko45k]

5 minutes ago, BritManToo said:

All self inflicted, nobody forced the government to close the country for 2 years.

1200 deaths a day forced their hand!

[morrobay]

2 hours ago, flexomike said:

just checked on XE on November fourth the date of my deposit it was 38.01 and on December second date of deposit was 34.72 now try out your algebra again, 

From the post above November was 92802 baht and December 85470 baht. Then that says your income was for November 92802baht/38b/$= $2442 and December  85470baht/34.72b/$= $2461. So it seems the banks exchange rates and what you recorded vary. As well as what I get on searches. So about $2450/month equals x.  Then ( 38x) = (34.72x) + 8036baht. This shows shortfall of 8036 baht. Or 3.28x = 8036 baht.  That is x = 8036baht/3.28baht/$= $2450/mo

Edited December 9, 2022 by morrobay

[flexomike]

1 hour ago, morrobay said:

From the post above November was 92802 baht and December 85470 baht. Then that says your income was for November 92802baht/38b/$= $2442 and December  85470baht/34.72b/$= $2461. So it seems the banks exchange rates and what you recorded vary. As well as what I get on searches. So about $2450/month equals x.  Then ( 38x) = (34.72x) + 8036baht. This shows shortfall of 8036 baht. Or 3.28x = 8036 baht.  That is x = 8036baht/3.28baht/$= $2450/mo

XE rates and what BKK Bank pays are not exactly the same