Russian Ruble Hits New Low

[cigar7]

I see the Russian ruble is now 0.50 baht at Superrich1965 in Bangkok. A year ago 1 ruble was getting 0.95 baht, almost 1 for 1. That means a year ago the Russians were getting about 90% more baht for a ruble.

I guess the smart Russians transferred piles of money here last year or into US$. One Euro buys 71 rubles, one US$ buys 57.5 rubles today. Interest rates in Russia jumped 1% to 10.5% on Dec. 11, 2014

Is this affecting the number Russians visiting Thailand?

[Jingthing]

What do you think?

[konying]

Russians are still holidaying however Russian real estate is dead.

[Jingthing]

In the hub of Russkies in Thailand, Jomtenski, their numbers are noticeably down. Still coming of course but definitely fewer of them.

[StasD]

For me weak Rouble is very nice. I export to Thailand something from Russia

[shiout]

http://www.bloomberg.com/quote/USDRUB:CUR

52wk Range: 32.4834 - 58.5053

you have to remember too:

Crude Oil (WTI) USD/bbl. 57.81 -2.14 -3.57%

from http://www.bloomberg.com/energy/

crude oil was over 100 usd not too long ago

russia is a major energy supplier so it makes sense to track the oil price with the ruble exchange rate.

Edited December 13, 2014 by shiout

[bartender100]

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

[Jiu-Jitsu]

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

Why does that indicate that "times are tough"? There are rich and poor in most every country. Perhaps he is the owner of the salon?

[David48]

Russians are still holidaying however Russian real estate is dead.

What's Russian Real-Estate ?

Genuinely asking.

It's just a term I've not heard before.

[konying]

Russians are still holidaying however Russian real estate is dead.

What's Russian Real-Estate ?

Genuinely asking.

It's just a term I've not heard before.

Property bought by Russians

Russian real estate market

[salavan]

i thought most of the russians income in thailand came from business in thailand if so they wouldnt be affected

[Naam]

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

once i went to a bar and there was a British bartender mixing and serving drinks. then i thought "times are tough".

[Naam]

Russians are still holidaying however Russian real estate is dead.

What's Russian Real-Estate ?

Genuinely asking.

It's just a term I've not heard before.

my uneducated guess is that's real estate neither located in Queensland nor Papua New Guinea.

[Gulfsailor]

i thought most of the russians income in thailand came from business in thailand if so they wouldnt be affected

I think many Russian owned / operated businesses in Thailand mostly cater to Russian customers. Without these customers, they too will be heavily affected.

[Digitalnomade]

change rate offered by Digitalnomade

Edited December 14, 2014 by Digitalnomade

[bartender100]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

Why does that indicate that "times are tough"? There are rich and poor in most every country. Perhaps he is the owner of the salon?

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

once i went to a bar and there was a British bartender mixing and serving drinks. then i thought "times are tough".

It was just a haircut

[Naam]

the bartender didn't cut my hair but mixed a Singapore Sling for me.

[wgdanson]

I went for a haircut today in the Avenue and there was a Russian barber working there, I guess times are tough, true story

Why does that indicate that "times are tough"? There are rich and poor in most every country. Perhaps he is the owner of the salon?

Work Permit ???

[David48]

Russians are still holidaying however Russian real estate is dead.

What's Russian Real-Estate ?

Genuinely asking.

It's just a term I've not heard before.

my uneducated guess is that's real estate neither located in Queensland nor Papua New Guinea.

Given the Recent (last couple of years) influx of Russians into Pattaya and surrounds I thought that hey have have bought considerable landholdings ... as the Japanese did in Australia decades ago when it was a popular destination for them.

Yes, I know it's difficult for a Foreigner to buy land in Thailand but big money does grease the wheels.

So, not know the answer, I humbly asked.

[steelepulse]

Overnight the Russian gov't moved the interest rate to 17% from 10.5 percent to try and stop the freefall. http://www.nytimes.com/2014/12/16/business/international/russia-central-bank-abruptly-raises-key-interest-rate.html

[RubbaJohnny]

Ruble trouble what a barney

Despite recent claims to allow free float overnight bank rate hiked from 10.5 to 17% in an attempt to stop capital flight.

Now 17% sounds a great return over a per cent permonth of course nobody will pile in with oil pushed under US$65 and Brent crude similar to maost Russian exports nearer 60 and heading South.This is a winwin for USA Saudis OPEC Ukraine Israel,and of course less Russian tourists.Sad day for ordinary Russian worker with no shares in a country that while awash in gas gold oil and vodka imports food and consumer goods.

Checking at my bank a rouble is worth barely penny or 40 odd satang kind of amount it would be be an insult to tip

[RubbaJohnny]

Ruble trouble what a barney

Despite recent claims to allow free float overnight bank rate hiked from 10.5 to 17% in an attempt to stop capital flight.

Now 17% sounds a great return over a per cent permonth of course nobody will pile in with oil pushed under US$65 and Brent crude similar to maost Russian exports nearer 60 and heading South.This is a winwin for USA Saudis OPEC Ukraine Israel,and of course less Russian tourists.Sad day for ordinary Russian worker with no shares in a country that while awash in gas gold oil and vodka imports food and consumer goods.

Checking at my bank a rouble is worth barely penny or 40 odd satang kind of amount it would be be an insult to tip

[FrakingBorisYoroshiku]

rubble at http://www.bloomberg.com/quote/USDRUB:CUR

Day's Range: 58.2628 - 79.1688
52wk Range: 32.4834 - 79.1688

also there Crude Oil (WTI) USD/bbl. $54.23 $ -1.68 -3.00%

interesting times.

Edited December 16, 2014 by FrakingBorisYoroshiku

[SheungWan]

Yesterday saw one window offering .39 and another .45

[Langsuan Man]

I am crying a river of tears

[Asiantravel]

Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?

http://www.sovereignman.com/trends/surprise-guess-which-currency-has-stronger-fundamentals-the-dollar-or-ruble-15765/

[Langsuan Man]

Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?

http://www.sovereignman.com/trends/surprise-guess-which-currency-has-stronger-fundamentals-the-dollar-or-ruble-15765/

If any expats want to follow this yahoos drivel, I have a bridge over the Chao Phraya River I want to sell you

[redsox44]

Dollar only stores in Russia must be making a killing. Always did well but now.......

[Fr3nzy]

Next russian bank measure might be nuclear

http://rt.com/business/214927-ruble-capital-controls-nuclear/

New sanctions coming http://rt.com/usa/214967-obama-sign-sanctions-russia/

[Langsuan Man]

Get out of the Ukraine and Crimea and your problem's might go away Comrade Putin