Should I wait?

[Lacessit]

The chart shows how the US dollar has declined against the Thai baht since tariffs started kicking in.

 

I am thinking of a holiday in Luang Prabang, where the USD is preferred.

 

Should I wait until Trump fires Powell, so I will get even more USD for my Thai baht?

 

 

[BritManToo]

Damn those US tariffs, they've cost me 1 bht off my pound as well.

Let's see a chart of the Aussie dollar during that same time period ....... bet the tariffs hit them too.

[spidermike007]

Trump's policies have been so incredibly destructive to US, and world trade, I don't see the dollar recovering anytime soon, though I would love it if it did. 

[Harrisfan]

16 minutes ago, Lacessit said:

The chart shows how the US dollar has declined against the Thai baht since tariffs started kicking in.

 

I am thinking of a holiday in Luang Prabang, where the USD is preferred.

 

Should I wait until Trump fires Powell, so I will get even more USD for my Thai baht?

 

 

You worry about $10?

[Lacessit]

6 minutes ago, BritManToo said:

Damn those US tariffs, they've cost me 1 bht off my pound as well.

Let's see a chart of the Aussie dollar during that same time period ....... bet the tariffs hit them too.

Here you go....

 

Quite irrelevant, as I have enough Thai baht for two years.

 

Trump wants to fire Powell, and get interest rates down. If he achieves that, the USD will really tank.

 

 

[BritManToo]

7 minutes ago, Harrisfan said:

You worry about $10?

OP is Australian, why would he have US dollars?

[Harrisfan]

Just now, BritManToo said:

OP is Australian, why would he have US dollars?

Laos prefers USD

[BritManToo]

7 minutes ago, Lacessit said:

Quite irrelevant, as I have enough Thai baht for two years.

 

Trump wants to fire Powell, and get interest rates down. If he achieves that, the USD will really tank

10% loss in one year (Oz) Vs 5% loss in one year (US).

You leftie government currency seems worse off IMHO. 

[BritManToo]

8 minutes ago, Harrisfan said:

Laos prefers USD

So where does the comparison with Thai baht enter the equation?

It would be a Oz dollar to US dollar currency change.

And the US dollar tanking would be to the OPs advantage.

 

Of course this thread has no basis in reality as the OP is a Trump hater and nothing more.

[Lacessit]

3 minutes ago, BritManToo said:

So where does the comparison with Thai baht enter the equation?

It would be a Oz dollar to US dollar currency change.

And the US dollar tanking would be to the OPs advantage.

 

Of course this thread has no basis in reality as the OP is a Trump hater and nothing more.

The comparison arises because I am flush with Thai baht.  The AUD I have in Australia are earning money while I sleep.

 

Sounds to me like you are a Lacessit hater.

 

Doesn't worry me, I know you are a badly damaged person.

[Lacessit]

A Swiss guy in Chiang Mai once told me in times of turmoil, the Swiss Franc is a safe haven.

 

Looks like he is right.

 

 

[Harrisfan]

8 minutes ago, Lacessit said:

The comparison arises because I am flush with Thai baht.  The AUD I have in Australia are earning money while I sleep.

 

Sounds to me like you are a Lacessit hater.

 

Doesn't worry me, I know you are a badly damaged person.

Why worry about a few dollars? Just go. Laos is overrated imo

[BritManToo]

20 minutes ago, Lacessit said:

The comparison arises because I am flush with Thai baht.  The AUD I have in Australia are earning money while I sleep.

So buying USD with your Thai baht would give you a 5% exchange advantage, and you're still complaining.

You should be thanking Trump!

[simon43]

45 minutes ago, Lacessit said:

The chart shows how the US dollar has declined against the Thai baht since tariffs started kicking in.

 

I am thinking of a holiday in Luang Prabang, where the USD is preferred.

 

Should I wait until Trump fires Powell, so I will get even more USD for my Thai baht?

 

 

Actually, USD in Luang Prabang is NOT preferred and not legal! Every bill must be paid in Lao kip 🙂 It's been like that for yonks...

 

(Greetings from Luang Prabang)

[Harrisfan]

1 minute ago, BritManToo said:

So buying USD with your Thai baht would give you a 5% exchange advantage, and you're still complaining.

You should be thanking Trump!

If he spends $1000 and it moves 2% thats 20 bucks. Why even worry? 

[Harrisfan]

Just now, simon43 said:

Actually, USD in Luang Prabang is NOT preferred and not legal! Every bill must be paid in Lao kip 🙂 It's been like that for yonks...

 

(Greetings from Luang Prabang)

Not in hotels. They prefer usd.

[Cameroni]

31 minutes ago, BritManToo said:

So where does the comparison with Thai baht enter the equation?

It would be a Oz dollar to US dollar currency change.

And the US dollar tanking would be to the OPs advantage.

 

Of course this thread has no basis in reality as the OP is a Trump hater and nothing more.

 

His whole premise is a nonsense because Trump will not fire Powell. 

 

He wants to but he can't, as the market would not like it.

 

Moreover, given the amounts needed to visit Luan Prabang, it's not clear how much difference it would make anyway.

 

If he were thinking about making a 3 million USD trade on the currency pair, okay, but a holiday in Luan Prabang?

[sqwakvfr]

The range has been from 35 to 32.  I can live with a 3 baht exchange spread.  I do remember back in 2009 it was 28 to 1.  At that the time I was not in LOS but if dips below 30 then it would give me something to think about. 

[KhaoHom]

57 minutes ago, Lacessit said:

The chart shows how the US dollar has declined against the Thai baht since tariffs started kicking in.

 

I am thinking of a holiday in Luang Prabang, where the USD is preferred.

 

Should I wait until Trump fires Powell, so I will get even more USD for my Thai baht?

 

 

 

If Powell is gone then rates drop which means dollar drops.

[Screaming]

55 minutes ago, spidermike007 said:

Trump's policies have been so incredibly destructive to US, and world trade, I don't see the dollar recovering anytime soon, though I would love it if it did. 

What are the potential pros of the Trump Tariffs?

Protecting American industries

One of the most frequently cited advantages of tariffs is their potential to shield domestic industries from foreign competition. Taxing imports allows American consumers to buy domestically produced goods, potentially preserving jobs in key sectors.

Increasing federal revenue

Tariffs provide an additional revenue stream for the US government. As importers pay duties on foreign goods, the federal treasury benefits from these payments, creating a short-term economic boost.

Encouraging domestic manufacturing

Supporters argue that tariffs incentivize companies to manufacture goods in the United States. By raising the cost of imported goods, businesses may find it more cost-effective to keep operations within national borders, bolstering supply chain resilience and contributing to national security.

 

Its all about making America great again and not China. President Trump is winning with these tariffs. More to come in the next three years, cannot wait.