And Trump Does It Again!

[AndreasHG]

Here are two charts showing the average monthly exchange rate of the US dollar against some major currencies and our beloved Thai baht. The exchange rate is indexed, with 100 being the rate recorded on the day of the inauguration of both Trump's first and second presidencies.

 

During his first term, Trump's obsession with the US trade deficit and his erratic behavior caused the dollar to collapse, losing 16.8% of its value against the Thai baht (THB), 12.3% against the Japanese yen (JPY), 10.7% against the euro (EUR), and 6.9% against the AUD. It did appreciate against the British pound (GBP), but that was due to the incompetence of the conservative governments of the time and Brexit.

 

Four months into Trump's second term, here he is again. Only this time it's happening faster. The dollar has already depreciated by almost 10% against the Japanese yen (JPY) and the euro (EUR), 7% against the British pound (GBP), and 2% against the Thai baht (THB) and AUD. Only the Chinese yuan, thanks to the currency manipulations of the PBoC, has followed the depreciation of the US dollar.

 

Hard times ahead for our American friends who live on income in US dollars and expenses in Thai baht.

 

If you are wondering what happened during Biden's presidency, I add a third chart. Let's focus on the THB: the dollar appreciated by a healthy 13.8% against the Thai currency, evidence that doing nothing is always better than doing the wrong thing. But those good times are behind us now.

 

[blaze master]

You should edit your post and take put the <derogatory nickname edited out> bit. Name calling against forum rules. 

 

No need in an otherwise well presented thread. 

[AndreasHG]

1 hour ago, blaze master said:

You should edit your post and take put the <derogatory nickname edited out> bit. Name calling against forum rules. 

 

No need in an otherwise well presented thread. 

I would but the post is currently locked.

[metisdead]

15 minutes ago, AndreasHG said:

I would but the post is currently locked.

 

The post has been edited. 

[Tug]

What’s that saying …..everything trump touches dies….yea that’s the one,elect a fraud expect disaster.

[3NUMBAS]

the ruble is now better than the US dollar as the dollar becomes a shunned currency and no longer a safe  haven

[Harrisfan]

Weaker dollar is good for exports

[Jingthing]

Who needs a real Manchurian candidate when you elect someone as massively stupid as Trump that he may as well be? 

[Cryingdick]

Well as an American living in the USA my thoughts and prayers go out to all the expat Americans in Thailand that have nothing but hatred for America. I hope y'all can pull through this. It is too expensive to come back now.