cloghead Posted August 22, 2013 Share Posted August 22, 2013 I smell bacon!!! So do I. Bacon Bombs away!!! Link to comment Share on other sites More sharing options...
Issangeorge Posted August 22, 2013 Share Posted August 22, 2013 The Minister of Finance will be happy, he wanted the baht @ 32 to the US dollar, unfortunately for him, my prediction is that in 18 months it will be @ 42 or lower. As for tourism the lower baht should help that. Sent from my i-mobile IQ 6 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
spermwhale Posted August 22, 2013 Share Posted August 22, 2013 YAY!!!!!!!! Finally some reprieve for those of us that send money from abroad every month! I hope it sticks. Link to comment Share on other sites More sharing options...
spermwhale Posted August 22, 2013 Share Posted August 22, 2013 The Minister of Finance will be happy, he wanted the baht @ 32 to the US dollar, unfortunately for him, my prediction is that in 18 months it will be @ 42 or lower. As for tourism the lower baht should help that. Sent from my i-mobile IQ 6 using Thaivisa Connect Thailand mobile app On what do you base your prediction? Link to comment Share on other sites More sharing options...
Thai at Heart Posted August 22, 2013 Share Posted August 22, 2013 The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Bernanke turned off the tap. Yingluck isn't helping, but this is hardly a fair fight, the FED versus the BOT. 1 Link to comment Share on other sites More sharing options...
spermwhale Posted August 22, 2013 Share Posted August 22, 2013 of course, with all the issues going on and mismanagement of Pheau Thai. Xenophobic policies that contradict ASEAN. What are the xenophobic policies? Start reading here: http://travelinasia.hubpages.com/hub/thailand-racism A TV Forum perspective: http://www.thaivisa.com/forum/topic/102798-thai-xenophobia/ Oops, for what it's worth: http://meebal.com/ashamed-to-be-a-thai-citizen/ This has nothing to do with the baht sliding against the dollar. 1 Link to comment Share on other sites More sharing options...
spidermike007 Posted August 22, 2013 Share Posted August 22, 2013 The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Are you referring to foreign investors in the stock market? Do you have any evidence of other fleeing the LOS? Have any major foreign investors such as the Japanese companies departed Thailand? Or are you simply referring to the stock markets? if so, that is happening throughout the emerging markets, and not just in Thailand. Link to comment Share on other sites More sharing options...
Jasun Posted August 22, 2013 Share Posted August 22, 2013 Does this make the AUD $$ stronger or weaker against the THB? AUD is trading slightly up against the Baht, but remains way down over the last 6 months. Link to comment Share on other sites More sharing options...
a10ams Posted August 22, 2013 Share Posted August 22, 2013 Freefall please ....... I get paid in US$. Link to comment Share on other sites More sharing options...
Naam Posted August 22, 2013 Share Posted August 22, 2013 The Minister of Finance will be happy, he wanted the baht @ 32 to the US dollar, unfortunately for him, my prediction is that in 18 months it will be @ 42 or lower. As for tourism the lower baht should help that. Sent from my i-mobile IQ 6 using Thaivisa Connect Thailand mobile app On what do you base your prediction? 1 Link to comment Share on other sites More sharing options...
lostmebike Posted August 22, 2013 Share Posted August 22, 2013 With Thailand now in recession, the Baht should slide even further Not being negative, just thinking of the green stuff 1 Link to comment Share on other sites More sharing options...
Issangeorge Posted August 22, 2013 Share Posted August 22, 2013 The Minister of Finance will be happy, he wanted the baht @ 32 to the US dollar, unfortunately for him, my prediction is that in 18 months it will be @ 42 or lower. As for tourism the lower baht should help that. Sent from my i-mobile IQ 6 using Thaivisa Connect Thailand mobile app On what do you base your prediction?I was here in 97, I saw all the shophouses been built in the middle of nowhere with no one to rent them. The same thing is happening again. Only this time there are the added used car lots springing up everywhere with no one to buy them, plus all the rice being stored with no buyers, and now the economy slipping into recession the unemployment rate will start to rise and then the economy will get even weaker, and the government does not have the money to stimulate the economy anymore, and I doubt if anyone will owe them any money, so thus the ฿42 to the dollar, but I've been wrong before.Sent from my i-mobile IQ 6 using Thaivisa Connect Thailand mobile app 2 Link to comment Share on other sites More sharing options...
Jasun Posted August 22, 2013 Share Posted August 22, 2013 This has more to do with what's happening in the US than what's happening in Thailand. A month ago the talk in Thailand was that inflation was too high and the economy was too hot. Now it's the opposite. I wouldn't bet on the currency moving too fast in any direction. Link to comment Share on other sites More sharing options...
carib102 Posted August 22, 2013 Share Posted August 22, 2013 The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Bernanke turned off the tap. Yingluck isn't helping, but this is hardly a fair fight, the FED versus the BOT. Bernanke hasn't turned off the tap and hasn't even declared when he will turn off the tap. Market participants are assuming that it will be in September, but that is simply speculation. Bernanke continues to declare that he is waiting for the unemployment rate to go below 7% in the U.S. before tapering unless inflation heats up. It is unlikely that either will happen before the next Fed meeting in September. Thailand will get a reprieve when tapering continues, but at some point the tapering will end and when the tap really is turned off there is little the BoT will be able to do. Actually I'm surprised the baht has remained as resilient as it has this year even though tapering talk is just rumors and speculation at this point. Look at currencies of other countries with high current account deficits (Turkey, India, Indonesia, Brazil to name a few). Link to comment Share on other sites More sharing options...
Popular Post Malthus101 Posted August 22, 2013 Popular Post Share Posted August 22, 2013 50 baht to the pound - woot! 3 Link to comment Share on other sites More sharing options...
Popular Post Frank James Posted August 22, 2013 Popular Post Share Posted August 22, 2013 I am in awe of all the economic expertise evident in this thread today. Who needs a Davos Forum when there's TV? 5 Link to comment Share on other sites More sharing options...
Saan Posted August 22, 2013 Share Posted August 22, 2013 Does this make the AUD $$ stronger or weaker against the THB? AUD is trading slightly up against the Baht, but remains way down over the last 6 months. The AUD is nudging Bht29 but this is mainly to do with metal price rises. But Bernanke only has to sneeze to send his or our dollar up or down. Trying to comprehend the money market is like trying to eat soup with a fork. 1 Link to comment Share on other sites More sharing options...
johnnie20110 Posted August 22, 2013 Share Posted August 22, 2013 Oh noes, the sky is rising. The sky is RISING !! Run for your ATMs/Exchange Booths ! Buy something now, sell something later !!Turn your baht to gold to maintain its value How very fortunate for us all that we have the financial genius "Waza" on Thai Visa. Furthermore, how privileged we all are that he has spared us some of his valuable time amid fending off the offers of millions by governments around the world for him to fix their financial problems. Your sarcasm is grossly misplaced. The true geniuses can be found making thousands of posts on the issue in but a single thread: http://www.thaivisa.com/forum/topic/218064-where-is-gold-going-in-this-market/ Link to comment Share on other sites More sharing options...
skorchio Posted August 22, 2013 Share Posted August 22, 2013 The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. The slowdown is regional: http://blogs.cfr.org/asia/2013/08/21/is-southeast-asia-headed-for-a-repeat-of-the-late-1990s-financial-crisis/ Yes it is an immature comment isn't it? The core of the article is clearly describing the money movements out of ALL developing Asian nations. Thaksin is taking all of Asia down eh? Link to comment Share on other sites More sharing options...
ratcatcher Posted August 22, 2013 Share Posted August 22, 2013 Does this make the AUD $$ stronger or weaker against the THB? AUD is trading slightly up against the Baht, but remains way down over the last 6 months. The AUD is nudging Bht29 but this is mainly to do with metal price rises. But Bernanke only has to sneeze to send his or our dollar up or down. Trying to comprehend the money market is like trying to eat soup with a fork. God help us all then if Bernanke farts. Who knows what will happen? Link to comment Share on other sites More sharing options...
hawker9000 Posted August 22, 2013 Share Posted August 22, 2013 I'm reading that the baht is sliding to to a rumored announcement by the Federal Reserve Board. I'd be converting $ to Baht now, and be delighted I was getting that rate. Often the rumor of impending action has a greater effect than the announcement. Not much rumor to it - the Fed is saying the stimulus days are coming to an end. But wait for the other shoe to drop. One of two possible scenarios. Either the recovery, weak as it's been, now falls through entirely without stimulus to prop it up any longer (not that it wasn't losing its effectiveness already); or the market sees good news for the dollar, the economy strengthens, and interest rates (and inflation) take off. But along the lines of your statement, anticipation in the market often does outrun actual results. Far too much money has already been printed, and countries including the US have mountains of debt they're simply not going to be able to deal with except by inflating it away (or outright devaluation). This could be a momentary sweet spot if you need to buy baht. Link to comment Share on other sites More sharing options...
Just1Voice Posted August 22, 2013 Share Posted August 22, 2013 Using the rate of 31.82, my fixed income had increased by 4,483 baht over last month at at the same time. Not a staggering amount, but, hey, ever little baht, or is that "bit", helps. lol Link to comment Share on other sites More sharing options...
hidavey Posted August 22, 2013 Share Posted August 22, 2013 It's all about 1 person who wants to come back into Thailand. Investors are not sure how this ordeal is going to turn out, I'm in the R.E. in Bkk and I've seen rental price dropped by 35% in the past month. 1 Link to comment Share on other sites More sharing options...
circusman Posted August 22, 2013 Share Posted August 22, 2013 I'm reading that the baht is sliding to to a rumored announcement by the Federal Reserve Board. I'd be converting $ to Baht now, and be delighted I was getting that rate. Often the rumor of impending action has a greater effect than the announcement. Nonsense! Link to comment Share on other sites More sharing options...
ppmacready Posted August 22, 2013 Share Posted August 22, 2013 Good news for Export , bad news for Import ...... Good news for Sexpats. Link to comment Share on other sites More sharing options...
Popular Post Xonax Posted August 22, 2013 Popular Post Share Posted August 22, 2013 (edited) The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Are you referring to foreign investors in the stock market? Do you have any evidence of other fleeing the LOS? Have any major foreign investors such as the Japanese companies departed Thailand? Or are you simply referring to the stock markets? if so, that is happening throughout the emerging markets, and not just in Thailand. The stock market investors fleeing, is always only the first sign of trouble! Believe me - Any international company´s in Thailand are definitely seriously considering, if they should move out, and some of them definitely will. Cambodia seems a lot more attractive at the moment. Thailand has highly inflated vages, an unstable ecomony, unlimited corruption, unstable various governments, unstable population (Red shirts, Yellow shirts, Multicoilored shirts, White masks etc.) and currently an amnesty law on the way, which could possibly ignite the peoples anger, and make the Red shirts riot´s in 2010 look like a boy scout´s camp. Edited August 22, 2013 by Xonax 3 Link to comment Share on other sites More sharing options...
ratcatcher Posted August 22, 2013 Share Posted August 22, 2013 Good news for Export , bad news for Import ...... Good news for Sexpats. Good news for all sexpats, expats and tourists too. T.A.T. will be announcing new figures with millions more tourists expected, especially to see the sights of Pattaya and Patong at these new bargain prices. 1 Link to comment Share on other sites More sharing options...
hawker9000 Posted August 22, 2013 Share Posted August 22, 2013 The baht's not really down THAT much.........yet..... I mean it's an improvement over 27B/$ and I'll take it, but it'd have to break 35, or maybe even 40, and fairly quickly, before I'd be impressed enough to assess the Thai economy "in ruins" with social disorder just around the corner. Yeah, completely subjective... Vis-à-vis the USD and European currencies, I can't get past the thought that this may be a race to the bottom. 2 Link to comment Share on other sites More sharing options...
smutcakes Posted August 22, 2013 Share Posted August 22, 2013 The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Are you referring to foreign investors in the stock market? Do you have any evidence of other fleeing the LOS? Have any major foreign investors such as the Japanese companies departed Thailand? Or are you simply referring to the stock markets? if so, that is happening throughout the emerging markets, and not just in Thailand. The stock market investors fleeing, is always only the first sign of trouble! Believe me - Any international company´s in Thailand are definitely seriously considering, if they should move out, and some of them definitely will. Cambodia seems a lot more attractive at the moment. Thailand has an unstable ecomony, unlimited corruption, unstable various governments, unstable population (Red shirts, Yellow shirts, Multicoilored shirts, White masks etc.) and currently an amnesty law on the way, which could possibly ignite the peoples anger, and make the Red shirts riot´s in 2010 look like a boy scout´s camp. t30_23468987.jpgt17_23466815.jpgt39_23468729.jpg If a company is going to go through the painful process of moving from Thailand due to risks, they are as such as hell not going to go to Cambodia. Cambodia has little to no road infrastructure, corruption is rife there, and if recent elections are anything to go by, it is a short distance from some of their own political strife. When Hun Sen is finally removed I am sure they will go through a painful period of politics as the various parties, families, armies fight for a piece of the pie. Link to comment Share on other sites More sharing options...
Xonax Posted August 22, 2013 Share Posted August 22, 2013 (edited) The Thai economy is in ruins, thanks to the fiscal mismanagement of the PTP led government. Foreign investor are fleeing like rats from a sinking ship, while the cabinet meander away with bulging pocket, leaving the Thai taxpayer to foot the bill. But its all mai pen rai till the time it takes a days wages to buy a serve of som tam, only by then there will be a wall of security keeping them in check. Are you referring to foreign investors in the stock market? Do you have any evidence of other fleeing the LOS? Have any major foreign investors such as the Japanese companies departed Thailand? Or are you simply referring to the stock markets? if so, that is happening throughout the emerging markets, and not just in Thailand. The stock market investors fleeing, is always only the first sign of trouble! Believe me - Any international company´s in Thailand are definitely seriously considering, if they should move out, and some of them definitely will. Cambodia seems a lot more attractive at the moment. Thailand has an unstable ecomony, unlimited corruption, unstable various governments, unstable population (Red shirts, Yellow shirts, Multicoilored shirts, White masks etc.) and currently an amnesty law on the way, which could possibly ignite the peoples anger, and make the Red shirts riot´s in 2010 look like a boy scout´s camp. t30_23468987.jpgt17_23466815.jpgt39_23468729.jpg If a company is going to go through the painful process of moving from Thailand due to risks, they are as such as hell not going to go to Cambodia. Cambodia has little to no road infrastructure, corruption is rife there, and if recent elections are anything to go by, it is a short distance from some of their own political strife. When Hun Sen is finally removed I am sure they will go through a painful period of politics as the various parties, families, armies fight for a piece of the pie. Don´t get me wrong. I personally don´t support the idea of moving to Cambodia. Probably has numerous reasons to stay out, but at least that´s stable. A company´s customers need to be able to trust in a stable delivery and stable prices. But that is more than difficult for a company to guarantee their customers, when the country they are producing in, is constantly in the International news for all the wrong reasons. Edited August 22, 2013 by Xonax 1 Link to comment Share on other sites More sharing options...
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