Thai Bank Forecasts Baht Weakening Against Dollar, First Quarter 2012

[Jingthing]

Of interest to exporters and dollar based expats, etc.:

Standard Chartered Bangkok Thailand is forecasting the appreciation of the US dollar against the Thai baht up to THB32.5 in the first quarter of 2012.

Financial uncertainty in the Eurozone have been cited as a critical factor.

http://www.thephuketinsider.com/real_estate/dollar-set-rise-against-thai-baht.php

[geriatrickid]

Not much of a change. Considering the cost of living increases, the FX benefit will be wiped out. I think some US nationals dependent upon their social security and pensions are going to feel some pain in 2012.

[Jingthing]

Not much of a change. Considering the cost of living increases, the FX benefit will be wiped out. I think some US nationals dependent upon their social security and pensions are going to feel some pain in 2012.

The pain has been happening for some years now, but every little bit helps!

[thaimate]

What will be the fate of the pound ,anyone know or guess if the dollor gets stronger?

[fletchsmile]

What will be the fate of the pound ,anyone know or guess if the dollor gets stronger?

Weaker GBP vs USD in H1 2012, and GBP strengthening again in H2 2012

[Pib]

Not much of a change. Considering the cost of living increases, the FX benefit will be wiped out. I think some US nationals dependent upon their social security and pensions are going to feel some pain in 2012.

Oh lord no, the good times are back. For 1 Jan 12 pension checks a 3.6% Cost of Living Allowance (COLA) increased kicked in for U.S. folks with federal pensions such as social security, military/civil service pensions, etc. And with the projected appreciation of the dollar against the baht, we will be living high on the hog again....but then again, pork prices have went way up so maybe we won't be so well off.

[wayned]

I can remember transfering money here in 1997, 56+ to the USD.

[Pib]

I can remember transfering money here in 1997, 56+ to the USD.

Memories are great ain't they. I remember when I was young but I don't think I'm going to be young again.