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 🤞 

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.....

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.
 

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. 

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.

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.

 

 

i'm exchanging baht, so pretty happy

What's going on recently, with the dollar dropping like a rock towards 32 baht?

1 hour ago, StayinThailand2much said:

What's going on recently, with the dollar dropping like a rock towards 32 baht?

The higher the Baht goes—the less we spend in Thailand.