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

[FruitPudding]

On 9/21/2024 at 5:39 AM, Mitkof Island said:

 What I do not understand with Thailand in so much debt for years now I would have thought the banks would have crashed already. Another bigger repeat of 1997 is on the way.

 

 

Here's hoping 🤞 

[rickudon]

As a Brit, exchange rate fall is not so bad (good GBP to dollar rate though!). I am on 400,000 baht in the bank extension, so can cut back on transfers until after my extension date, then draw it down if exchange still poor. have a year before panicking.....

[ukrules]

I'm in Cambodia at the moment, everything is priced in USD and Riel and it seems to be pegged at around 4000-4100 Riel per dollar and nothing changed that I noticed, been here for a few months so far.
 

[Mike Teavee]

Pound to tip over $1.40 within a year, says Goldman Sachs 

 

https://uk.finance.yahoo.com/news/pound-tip-over-1-40-173040960.html

 

Seem to be more about the dollar weakening against many currencies rather than GBP getting stronger. 

Edited Tuesday at 12:45 AM by Mike Teavee

[Speedhump]

On 9/22/2024 at 2:01 PM, itsari said:

A combination method of the two methods could be used .

Some immigration offices will not accept that method of applying for a 12 month extension.

If you had 800,000 baht in the country and transferred the funds to a dollar account you would win with the strengthening baht. 

And you lose when it falls. Swings and roundabouts. Not a reason to keep 800k in country year on year.

[GammaGlobulin]

The Baht is still too low.  Needs to go to 26.

 

 

 

Or, the Baht is too high.  And needs to go to 39.

 

I cannot make up my mind.

 

 

[it is what it is]

i'm exchanging baht, so pretty happy