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


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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 🤞 

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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.....

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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.
 

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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.

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