Thai Baht Exchange Rate So Low How Are You Dealing With It?

[proton]

6 hours ago, BritManToo said:

Me too, when it was 45-47 I built up a 6 month reserve.

 

I'm OK until next Sept transferred at 46, doing 65k a month is not for me.

[worgeordie]

Tighten the belt again , although its nearly cutting me in half

as it is , 😋,

 

regards worgeordie

[Stevemercer]

I'm on a Marriage Extension and draw on my 400,000 Baht deposit rather than transferring ,omey from Australia when the exchange rate is poor. Of course, I'm hoping the rate improves when I have to top up 2 months before the next extension. The last 2 or 3 years have been lucky in this regard.

 

I also use a pessimistic exchange rate when doing exchange calculations (20 Baht per Australian dollar). So anything above this bottom line is a bonus. The rate is currently down to about 22.4.

 

My break even point is 18 Baht. Below this it would be cheaper to live in Australia.

[Taboo2]

Easy peasy....cut back on my ST and LT.  Ride it out.

 

No Whiners.

[Dakhar]

1 hour ago, Celsius said:

Simple. Earn income in Thai baht. 

 

This is why I chose an educated woman and not a bargirl. Extra 100,000b a month is a nice addition with no exchange rate worries.

 

Working girls are making more than 100k

 

But I digress, me personally, I am the provider....  That's the way I prefer things.

[renaissanc]

2 hours ago, Celsius said:

Simple. Earn income in Thai baht. 

 

This is why I chose an educated woman and not a bargirl. Extra 100,000b a month is a nice addition with no exchange rate worries.

When I saw the destruction caused in the North and North-East I thought about all the expats who are married to bargirls, and the amount of money they will be spending on house and car repairs.

[ModdaPunk]

- No more tips

- Less Grab, more walking

- No more bars and restaurants

- Basic accommodation always

- More time spent on the internet (reading, downloading, chatting, gaming...)

- More street food (night markets, food stalls, etc...)

- More water, less soda

- No more Starbucks, Café Amazon, etc... (coffee is ok when you buy it from street vendors)

- No more unnecessary trips (especially to overpriced touristy places #ByeByeSouthThailand)

- More time spent in Vietnam (3 months rather than 90 days)

- More bargain hunting on Lazada and thrift shops

- No Thai "girlfriend"

- Always on the lookout for off-the-beaten-path opportunities #IsaanRocks

- Cheaper mobile plan (went from 20Mbps to 8Mbps - no notable difference honestly)

 

At the end of the day, I probably spend less now than I used to before the baht got stronger :D

 

Disclaimer: I'm European. Few months ago, 1EUR was 40THB. Now it's around 37THB. Not that much of a drop really. But we'll see. If the THB keeps getting stronger I will probably relocate to Vietnam for a while. I'm pretty flexible, no ties whatsoever.

 

 

Edited 2 hours ago by ModdaPunk

[thrilled]

When it’s high around 35 or 36 baht to the dollar I load up. I transfer up to a years worth to the bank. That way when it drops down to 32,31 baht or lower I’m doing fine.

[Isaan sailor]

Is the Boht overpriced on USD?  Look at the ten year average USD/Baht rate:  33.20.  Yes, it is now overpriced.  And look what USD did yesterday vs Viet Nam Dong—it bounced up—not down like in Thailand.

[KannikaP]

8 hours ago, BritManToo said:

Me too, when it was 45-47 I built up a 6 month reserve.

I did that with GBP to THB be kept in my Wise THB account, so that I can still send the required amount for Retirement Extension each month.

[timendres]

My budget is based on 25 USDTHB. If it breaks that, all bets are off. Until then, happy days.

[Surasak]

14 hours ago, Mitkof Island said:

With the Thai baht the lowest exchange rate in over a year. I am curious how other expats are dealing with their monthly budgets. In my case had planned to buy a motorbike. Anything below 30 baht to the USD dollar everything outside survival comes to a stop. 33 to 34 baht to the dollar I can deal with that.

 

 

I guess I was fortunate having moved here, I had no intention of sitting around going to seed, so built a small business for the family of 5 when the Baht was @ 70 to the £. It will never make us rich, but keeps the wolf from the door and I don't have to transfer money very often. So the exchange rate going up and down does not bother me.

[ChaiyaTH]

1 hour ago, Isaan sailor said:

Is the Boht overpriced on USD?  Look at the ten year average USD/Baht rate:  33.20.  Yes, it is now overpriced.  And look what USD did yesterday vs Viet Nam Dong—it bounced up—not down like in Thailand.

Yeah it's just this overseas tax thing to become real and there really is almost only Pro's about moving to Vietnam for 6 months a year.

[Middle Aged Grouch]

First the taxing of foreign pensions etc...now the over high THB. For those who can, no point in grumbling. Relocate to other Asian countries or even India who are far more welcoming to foreigners and tax free and far less visa hassles or xenophobia towards westerners.

[ModdaPunk]

20 minutes ago, Middle Aged Grouch said:

First the taxing of foreign pensions etc...now the over high THB. For those who can, no point in grumbling. Relocate to other Asian countries or even India who are far more welcoming to foreigners and tax free and far less visa hassles or xenophobia towards westerners.

 

To be fair, Thailand is pretty chill on visas. I've been coming and going for a couple of years without visa: no problem. It's almost like there ain't any border for foreigners. 2-3 months in Thailand, 2-3 months in Vietnam; you can do that without visa forever really.

 

Maybe it's different for an expat but as a "professional drifter" or "dharma bum", it's pretty easy life.

Edited 20 minutes ago by ModdaPunk