YangYaiEric Posted January 13, 2008 Share Posted January 13, 2008 Hey guys! The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! Link to comment Share on other sites More sharing options...
tijnebijn Posted January 13, 2008 Share Posted January 13, 2008 Thats offshore , you should watch at onshore rate , is still 33 something . Link to comment Share on other sites More sharing options...
george Posted January 13, 2008 Share Posted January 13, 2008 It's recession, do seriously think you get more for the dollar at home?! Link to comment Share on other sites More sharing options...
Shrubbery Posted January 13, 2008 Share Posted January 13, 2008 (edited) Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! Bugger me. A whole 1 Baht. Can we assume that Thailand is not home. Bon Voyage. Kuwaiti Dinars is the currency to go for. (HOT TIP) Edited January 13, 2008 by Shrubbery Link to comment Share on other sites More sharing options...
george Posted January 13, 2008 Share Posted January 13, 2008 Offshore rates: http://baht.thaivisa.com Link to comment Share on other sites More sharing options...
kash Posted January 13, 2008 Share Posted January 13, 2008 kash is king :-) Link to comment Share on other sites More sharing options...
Shrubbery Posted January 13, 2008 Share Posted January 13, 2008 kash is king :-) I have to disagree. I have a friend who has a friend, who has an uncle, who has an aunt, who has a grandmother, who has a step brother, who has a great grandfather, who knows a guy on a local market, who says Durians will be used as cash in the next 17 days. Buy as many Durians as you can. Link to comment Share on other sites More sharing options...
stumonster Posted January 13, 2008 Share Posted January 13, 2008 is that the Kuwaiti Durian ? Link to comment Share on other sites More sharing options...
Shrubbery Posted January 13, 2008 Share Posted January 13, 2008 is that the Kuwaiti Durian ? Ahhhhh, a new currency. Now that could be worth investing in. Does anyone want to go in to business selling "fruit trees" to Kuwait. I was offering 2 possibilities for investment. Now we have 3. I will talk to the my friend who knows ............... Link to comment Share on other sites More sharing options...
jumnien Posted January 13, 2008 Share Posted January 13, 2008 The dollar is still a full 30% higher than it was for many decades until quite recently. It was cheap here in Thailand before the runup in the dollar, so it's certainly cheap now, relatively. Link to comment Share on other sites More sharing options...
Beardog Posted January 13, 2008 Share Posted January 13, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! That rate is only if your sending money back to America. Still almost identical rate as July 07. A little less than a baht. i don't know anyone in Thailand sending money they made here home. Sure would like to figure out that trick! When it crashes at about 15 baht maybe i will consider going back to a country working on a recession. Still a way better bargain here!!!!! Link to comment Share on other sites More sharing options...
britmaveric Posted January 13, 2008 Share Posted January 13, 2008 33bht not bad for you yanks - could be far worse. Link to comment Share on other sites More sharing options...
stickman Posted January 14, 2008 Share Posted January 14, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! That rate is only if your sending money back to America. Still almost identical rate as July 07. A little less than a baht. i don't know anyone in Thailand sending money they made here home. Sure would like to figure out that trick! When it crashes at about 15 baht maybe i will consider going back to a country working on a recession. Still a way better bargain here!!!!! Just did a check and actually the USD gets you 2.4 baht less today than July 2007, meaning a difference of about 7%. If you were on a fixed income as many retirees are and you lost 7% of your income and then factored in increased prices due to inflation as well as increasing oil prices then maybe you too would start to feel the pain that many with US dollar denominated pensions / investments are. Link to comment Share on other sites More sharing options...
Beardog Posted January 14, 2008 Share Posted January 14, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! That rate is only if your sending money back to America. Still almost identical rate as July 07. A little less than a baht. i don't know anyone in Thailand sending money they made here home. Sure would like to figure out that trick! When it crashes at about 15 baht maybe i will consider going back to a country working on a recession. Still a way better bargain here!!!!! Just did a check and actually the USD gets you 2.4 baht less today than July 2007, meaning a difference of about 7%. If you were on a fixed income as many retirees are and you lost 7% of your income and then factored in increased prices due to inflation as well as increasing oil prices then maybe you too would start to feel the pain that many with US dollar denominated pensions / investments are. You need to check offshore rates. I think it is posted here I just traded at 33+a week ago. True comparing to 42-1 or 40-1 it is weaker but your dollar has not gone down but 1 baht if sent TO Thailand. If you send money home is when you get killed. Your SS is worth 1 baht to a dollar less this last year. Now if you were to return to the U.S your dollar in the bank in U.S. would be eaten up & you would notice the huge gap in funds. Offshore & Onshore horses & trees. Your not losing money here trust me on this one. As long as the rate hovers at 33 you are still in way better shape than if you go home & rent a car for a week in the U.S. That is when you notice the most how little the dollar is worth. Less wages & higher cost of everything & tough to make money! I thought the same thing till I talked to Citibank in California & was told as long as I am sending money to Thailand your rate is still 33+. the 2.4 baht is only when you cash out & turn Thai baht back to usd. Link to comment Share on other sites More sharing options...
Naam Posted January 14, 2008 Share Posted January 14, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? these official listings are a real shame! they are not only immoral but also illegal as they violate international law (i think). perhaps we should contact the U.N. Security Council and demand sanctions against these official listing sites? for starters a couple of cruise missiles on these official listings sites wouldn't hurt either. but there is hope on the horizon! U.S. Treasury Secretary Henry M. Paulson started a campaign. his words day before yesterday "I'd begin with and say that given my background in the capital markets, it was very easy for me to say a strong dollar is in our nation's interest because I know it is." Link to comment Share on other sites More sharing options...
Prakanong Posted January 14, 2008 Share Posted January 14, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! That rate is only if your sending money back to America. Still almost identical rate as July 07. A little less than a baht. i don't know anyone in Thailand sending money they made here home. Sure would like to figure out that trick! When it crashes at about 15 baht maybe i will consider going back to a country working on a recession. Still a way better bargain here!!!!! Just did a check and actually the USD gets you 2.4 baht less today than July 2007, meaning a difference of about 7%. If you were on a fixed income as many retirees are and you lost 7% of your income and then factored in increased prices due to inflation as well as increasing oil prices then maybe you too would start to feel the pain that many with US dollar denominated pensions / investments are. Why choose the arbitary date just after the East Asian Financial Crisis with 40 THB to the USD? Yopu could have chosen the 50THB rate - any analysis based on an arbitarily chosen date is meaningless. Sunrise was alluding to the 25 THB to the USD prior to that which did last for a much longer period than the previous 10 years. Link to comment Share on other sites More sharing options...
Naam Posted January 14, 2008 Share Posted January 14, 2008 I thought the same thing till I talked to Citibank in California & was told as long as I am sending money to Thailand your rate is still 33+. the 2.4 baht is only when you cash out & turn Thai baht back to usd. that is not correct Beardog and Shittybank has given you wrong information. the difference in onshore selling and buying rate for transfers is much lower, presently ~20 Satangs = 0.2 Baht per US-Dollar. check out: http://www.scb.co.th/html/exchange/bk-txtexchange.htm p.s. the offshore/onshore rubbish which continously surfaces here in postings is more irritating than the ever changing visa rules Link to comment Share on other sites More sharing options...
kdvsn Posted January 14, 2008 Share Posted January 14, 2008 It's recession, do seriously think you get more for the dollar at home?! It depends where in the US his home is. Living costs in Appalachia are quite cheap; in places like Boston and San Francisco they are quite high. Link to comment Share on other sites More sharing options...
LoveDaBlues Posted January 14, 2008 Share Posted January 14, 2008 I just sent bucks from the US to Bangkok Bank. The money hit my account this past Friday (the 11th). I got 32.96. Hope this helps. I'm also tired of seeing the 'official' offshore rates. A joke methinks. brit has it right. Still a good deal for Yanks. I'm greedy like everyone else though and hope in a few years it swings the other way (or at least gets stable). Link to comment Share on other sites More sharing options...
AnotherATM Posted March 19, 2008 Share Posted March 19, 2008 The time has come to SERIOUSLY think about packing the bags and heading home! can't be all bad then! Link to comment Share on other sites More sharing options...
billd766 Posted March 20, 2008 Share Posted March 20, 2008 I am here for the long haul. My wife and son are Thai as are all her family. I have a son and some friends in the UK and absolutely no reason to go back. Don't want to and don't need to. I still use my rose tinted glasses now and again but my family and home are in Thailand. Link to comment Share on other sites More sharing options...
Mikenmod Posted March 20, 2008 Share Posted March 20, 2008 A bit off subject, but does anyone know of any laws in the US or Thailand that restrict how much money one can bring in, or wire to a Thai bank account? The money is mine, but a greedy ex wants to dip some more. I's rather spend it myself in the LOS.... Link to comment Share on other sites More sharing options...
Neeranam Posted March 20, 2008 Share Posted March 20, 2008 Great news as I'd like to visit USA next year. Link to comment Share on other sites More sharing options...
KireB Posted March 20, 2008 Share Posted March 20, 2008 It is good news actually! A lot of European and Chinese companies will buy up even more American companies. American new order imperialism seems to fail due to a not too effective government. But hey, that what they voted for. Thailand has Samak, US has Bush. Link to comment Share on other sites More sharing options...
Prakanong Posted March 20, 2008 Share Posted March 20, 2008 It is good news actually! A lot of European and Chinese companies will buy up even more American companies.American new order imperialism seems to fail due to a not too effective government. But hey, that what they voted for. Thailand has Samak, US has Bush. Yes as I said elsewhere - I think we are seeing the start of the relative decline of the USA - it will still be the biggest economy in the world for a few decades but others will accelerate their catch up from now on in. Just as 1870 can be seen as the year the British relative decline began and "The end of the "British Century"" we can look at 2000, 2003 or 2008 as the beginning of the end of the, "American Century" - the Asian hordes are coming guy's. Link to comment Share on other sites More sharing options...
Lost in LOS Posted March 20, 2008 Share Posted March 20, 2008 kash is king :-) I have to disagree. I have a friend who has a friend, who has an uncle, who has an aunt, who has a grandmother, who has a step brother, who has a great grandfather, who knows a guy on a local market, who says Durians will be used as cash in the next 17 days. Buy as many Durians as you can. I think i used to date the sister of the guy on the local market and she said he doesn't know siht Link to comment Share on other sites More sharing options...
mellow1 Posted March 20, 2008 Share Posted March 20, 2008 It is good news actually! A lot of European and Chinese companies will buy up even more American companies.American new order imperialism seems to fail due to a not too effective government. But hey, that what they voted for. Thailand has Samak, US has Bush. Yes as I said elsewhere - I think we are seeing the start of the relative decline of the USA - it will still be the biggest economy in the world for a few decades but others will accelerate their catch up from now on in. Just as 1870 can be seen as the year the British relative decline began and "The end of the "British Century"" we can look at 2000, 2003 or 2008 as the beginning of the end of the, "American Century" - the Asian hordes are coming guy's. Well at least you can then happily see what you got coming, a whole bunch of Samaks, and no checks and balances at all. Cheers. Link to comment Share on other sites More sharing options...
BigSnake Posted March 20, 2008 Share Posted March 20, 2008 Hey guys!The US $ is now officially listed at BHT29.5 ! What the hel_l is going on? Last month it was listed at BHT30.5, and it seems to be declining further! The time has come to SERIOUSLY think about packing the bags and heading home! Link to comment Share on other sites More sharing options...
britmaveric Posted March 20, 2008 Share Posted March 20, 2008 Yanks will see better days, that is pretty much guaranteed. Link to comment Share on other sites More sharing options...
malcolminthemiddle Posted March 20, 2008 Share Posted March 20, 2008 Yanks will see better days, that is pretty much guaranteed. So best buy dollars now? Link to comment Share on other sites More sharing options...
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