Oz $ losing so much value to the Baht

[Pattaya57]

And it continues, $A is at the lowest vs the Baht since November 2020, so an almost 4 year low.

 

On the streets of Pattaya it's 21.98 today 😞

[KhunHeineken]

On 9/24/2024 at 11:23 AM, Pattaya57 said:

This is crazy, US drops interest rates, baht gets stronger. Australia keeps interest rates on hold, baht gets stronger vs A$ 😞

Wait till when we lose our AAA rating and see what happens to the AUD. 

 

http://australiandebtclock.com.au

[still kicking]

1 hour ago, KhunHeineken said:

Wait till when we lose our AAA rating and see what happens to the AUD. 

 

http://australiandebtclock.com.au

Well you can still move to Zimbabwe 

[G_Money]

Would Oz be better off if they were still under British rule and the pound?

[still kicking]

2 minutes ago, G_Money said:

Would Oz be better off if they were still under British rule and the pound?

Hahahahaha good try 

[KhunHeineken]

40 minutes ago, still kicking said:

Well you can still move to Zimbabwe 

I might not even be able to exchange AUD there, the way it's going. 

[gearbox]

On 9/25/2024 at 1:25 AM, chiang mai said:

An interesting piece below on the implications for Australia's economy as a result of Chinese policy changes. The bottom line is that exports to China have peaked and are in decline, this will manifest itself in the exchange rate, unless Australia can find new markets for its commodities, which seems improbable, given its remote location.

 

"For Australia, it does not take Albert Einstein to work out the implications. China is already using less coal, gas and iron ore. Even less is ahead.

Steel and iron have been falling for years already and they are not even halfway down yet. This affects the economy in three ways over time.

First, budget receipts are hit, spending is cut, or taxes rise. Second, falling prices force miners to curtail investment. Third, equity prices fall, which has begun but has far still to run.

 

These three impacts comprise a giant national income shock that wipes out wage growth and inflation. The Reserve Bank of Australia will be forced to cut the cash rate much deeper than anybody expects through the next few years".

 

https://au.finance.yahoo.com/news/chinas-interest-rate-move-leaves-australia-exposed-future-is-grim-200035137.html

The outlook for the Aussie is not that good, but the currency is still backed with tangible assets like resources and agricultural products, not by some hot air like a "service economy".

[Pattaya57]

9 hours ago, G_Money said:

Would Oz be better off if they were still under British rule and the pound?

Wouldn't change anything against the ridiculously strong Baht. The £ has tanked vs the Baht just like $A, gone from 47 to 43 in last 3 months

 

[bbi1]

Holy crappp, just had a look on Wise and the AUDTHB price is 21.77 which is basically the worse it's been since 2020 COVID times. The USDTHB still has a great exchange rate. What has happened that has made the AUD go down the toilet even more than it already was?

[KhunLA]

1 hour ago, bbi1 said:

Holy crappp, just had a look on Wise and the AUDTHB price is 21.77 which is basically the worse it's been since 2020 COVID times. The USDTHB still has a great exchange rate. What has happened that has made the AUD go down the toilet even more than it already was?

I don't know about great, more like just normal.  Although don't expect it to last, as will probably go to 30 before 2028, if Trump repeats.

[JimHuaHin]

16 hours ago, bbi1 said:

Holy crappp, just had a look on Wise and the AUDTHB price is 21.77 which is basically the worse it's been since 2020 COVID times. The USDTHB still has a great exchange rate. What has happened that has made the AUD go down the toilet even more than it already was?

There have been several recent reports on the ABC and articles in the Australian media suggesting issues such as the housing supply crisis, declining GDP growth (most of the recent GDP growth has been due to unsustainable government spending; but per capita GDP has been declining since COVID), stagnant productivity, economic decline in China, and more recently Trump's win in the USA.  To which I would add the recent storms/flooding in eastern Australia and the potential for a very active cyclone seasons due to high sea water temperatures, may also be contributing factors.

 

I suspect that unless the Christmas - New Year retail sales are not exceptionally good, the decline in the A$ will continue into at least the first quarter of 2025.

 

Unless, of course, the Thai Baht crashes.

[KhunHeineken]

On 9/29/2024 at 9:00 PM, gearbox said:

The outlook for the Aussie is not that good, but the currency is still backed with tangible assets like resources and agricultural products, not by some hot air like a "service economy".

Yet, Australia is looking at the very real possibility of having to import gas, despite having huge gas resources, and being a major exporter of gas.

 

What a disgrace. 

[KhunHeineken]

On 12/9/2024 at 8:45 AM, bbi1 said:

Holy crappp, just had a look on Wise and the AUDTHB price is 21.77 which is basically the worse it's been since 2020 COVID times. The USDTHB still has a great exchange rate. What has happened that has made the AUD go down the toilet even more than it already was?

http://australiandebtclock.com.au

[KhunHeineken]

On 12/10/2024 at 1:32 AM, JimHuaHin said:

There have been several recent reports on the ABC and articles in the Australian media suggesting issues such as the housing supply crisis, declining GDP growth (most of the recent GDP growth has been due to unsustainable government spending;

https://www.sbs.com.au/news/article/worsening-deficits-higher-spending-jim-chalmers-unveils-mid-year-budget-update/53n2wa55m

 

What a mess successive governments over the last few decades have left for our kids, and grand kids, and beyond.

[still kicking]

On 9/17/2024 at 10:08 AM, norbra said:

Many currencies ha ve cut their interest rates whilst AU have not so in this scenario AUD not in same basket 

Thanks to Albo

[G_Money]

Just to let you’all know I’ll refrain from posting on Orstrayin politics and problems with their country/government.  Ditto for UK.

It's the right thing to do.

 

Maybe I’ll start a trend on other’s posting about America's.

Every time I look at exchange rates I think it’s great to be American.

 

Don’t hate.

 

[KhunHeineken]

31 minutes ago, G_Money said:

Just to let you’all know I’ll refrain from posting on Orstrayin politics and problems with their country/government.  Ditto for UK.

It's the right thing to do.

 

Maybe I’ll start a trend on other’s posting about America's.

Every time I look at exchange rates I think it’s great to be American.

 

Don’t hate.

 

I'm not anti American, nor have I ever been. 

 

That said, it's well known that America's biggest employer is defense, either directly, or indirectly.  This is a fact, and I have posted links in the past showing this. 

 

Unfortunately, what this means is, America's economy is based on a "war economy."  Putin has taken a leaf out of America's book and has done the same in recent years, 

 

Basically, war is good for America's economy.  Fact. 

 

Make of that what you will, but the end result for many around the world, America's prosperity is not a pleasant one for them. 

[G_Money]

5 minutes ago, KhunHeineken said:

I'm not anti American, nor have I ever been. 

 

That said, it's well known that America's biggest employer is defense, either directly, or indirectly.  This is a fact, and I have posted links in the past showing this. 

 

Unfortunately, what this means is, America's economy is based on a "war economy."  Putin has taken a leaf out of America's book and has done the same in recent years, 

 

Basically, war is good for America's economy.  Fact. 

 

Make of that what you will, but the end result for many around the world, America's prosperity is not a pleasant one for them. 

Point taken.

 

To be honest I’ve never seen your display name on the American political threads.

 

Perhaps you have but not enough to be recognizable.  
 

The others, not so much.

 

[KhunHeineken]

2 minutes ago, G_Money said:

Point taken.

 

To be honest I’ve never seen your display name on the American political threads.

 

Perhaps you have but not enough to be recognizable.  
 

The others, not so much.

 

This is the Australia thread, and you come on here and post about American politics, and then question why myself, as an Australian, with an opinion, hasn't been seen on the USA thread. 

 

Interesting. 

 

I am only replying to your post because it's on the Australia thread.  I don't look at the USA thread. 

 

Anyway, as they say, "God Bless America, and Only America." 

[G_Money]

7 minutes ago, KhunHeineken said:

This is the Australia thread, and you come on here and post about American politics, and then question why myself, as an Australian, with an opinion, hasn't been seen on the USA thread. 

 

Interesting. 

 

I am only replying to your post because it's on the Australia thread.  I don't look at the USA thread. 

 

Anyway, as they say, "God Bless America, and Only America." 

Perhaps you can pass on your logic to your fellow Australians and maybe the Poms will take notice.

 

Probably not.

 

G’day.

[KhunHeineken]

6 minutes ago, G_Money said:

Perhaps you can pass on your logic to your fellow Australians and maybe the Poms will take notice.

 

Probably not.

 

G’day.

Take notice of what, exactly?

 

What point are you trying to make? 

[Pattaya57]

1 hour ago, G_Money said:

Just to let you’all know I’ll refrain from posting on Orstrayin politics and problems with their country/government.  Ditto for UK.

It's the right thing to do.

 

Maybe I’ll start a trend on other’s posting about America's.

Every time I look at exchange rates I think it’s great to be American.

 

Don’t hate.

So you've decided to come into an Australian forum to tell Australians what not to do in the American politics forum? Get over yourself as most Aussies don't give a <deleted> about America or their politics

[still kicking]

1 minute ago, Pattaya57 said:

So you've decided to come into an Australian forum to tell Australians what not to do in the American politics forum? Get over yourself as most Aussies don't give a <deleted> about America or their politics

Well said 

[G_Money]

10 hours ago, Pattaya57 said:

So you've decided to come into an Australian forum to tell Australians what not to do in the American politics forum? Get over yourself as most Aussies don't give a <deleted> about America or their politics

American political threads tell a different story than yours.

[Pattaya57]

3 hours ago, G_Money said:

American political threads tell a different story than yours.

I'm guessing those threads are in the 'Political soapbox' which is not an American forum, however you have come into an Australian forum in a thread about Aus$ to complain about Australians talking politics in that neutral forum? Are you happy you derailed an Aussie thread with off topic political rubbish?

 

This is a good example of why I'm starting to really hate Americans since I retired. In Pattaya you can't go to any bar without at least one American trying to be the loudest person in the bar with their brainwashed "everyone look at me, I'm American from the greatest country in the World" bullcrap

[G_Money]

Just now, Pattaya57 said:

I'm guessing those threads are in the 'Political soapbox' which is not an American forum, however you have come into an Australian forum in a thread about Aus$ to complain about Australians talking politics in that neutral forum? Are you happy you derailed an Aussie thread with off topic political rubbish?

 

This is a good example of why I'm starting to really hate Americans since I retired. In Pattaya you can't go to any bar without at least one American trying to be the loudest person in the bar with their brainwashed "everyone look at me, I'm American from the greatest country in the World" BS

yawn

[jas007]

On 12/9/2024 at 3:45 PM, bbi1 said:

Holy crappp, just had a look on Wise and the AUDTHB price is 21.77 which is basically the worse it's been since 2020 COVID times. The USDTHB still has a great exchange rate. What has happened that has made the AUD go down the toilet even more than it already was?

Just a guess, but if China is slowing down, doesn't that affect the Australian mining industry?  Less demand for Australian dollars, perhaps? 

[KhunHeineken]

7 hours ago, G_Money said:

American political threads tell a different story than yours.

Can you name some Australian members from this forum that post on the American forum? 

[KhunHeineken]

5 hours ago, Pattaya57 said:

"everyone look at me, I'm American from the greatest country in the World" bullcrap

 

Australia gets a mention. 

[KhunHeineken]

4 hours ago, jas007 said:

Just a guess, but if China is slowing down, doesn't that affect the Australian mining industry?  Less demand for Australian dollars, perhaps? 

Difficult to know, exactly, how China's economy is at any one point in time, because they fudge the books.