Australian dollar hits below 27 baht

[starky]

starky..."and now we have this governments relentless attack on the maritime, mining and construction industry."

...can you please explain what you mean by this "attack"...I must be missing something... you you are talking poos

As a Kiwi why would you give a poo. Oh unless your fifo or are you drumming up some of the old ANZAC pride

[Starre]

starre....

Nah , you are wrong..Rudd and Gillard wasted alot of money and now Shorten wont even let the savings past the senate that they themselves announced before the election..Labour is not letting the coalition get savings through the senate for their own political gain at the countries expense...every economist in Australia says that the budget needs to be corrected or Oz will be in trouble soon , labour has stopped all the savings going through and has not given any alternatives...they are just suffing the country...little old NZ is performing alot better ..with no raw material riches that Australia has..just through good economic management...and they dont have a senate that opposes all savings...in NZ the elected govt has the power to govern

Yeah nzthai, maybe you're right. We could start saving by sending back all the bloody kiwis that flooded in over the ditch in the recent decade

[KarenBravo]

What maritime industry? The MUA destroyed that decades ago......

AMOU I presume

I'm neither, but, saw the actions of both. The MUA were overpaid, under-worked (painting was beneath them) and they would cause trouble whenever they could, just because they could.

[nzthai]

starky..."As a Kiwi why would you give a poo. Oh unless your fifo or are you drumming up some of the old ANZAC pride"

..I have lived there 25 years!...just about a local

..and the answer to the question..any ideas..or is it to hard??:-)

[frank0424]

Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

That is true. However Australia manufactures very little. Very few factories- more warehouses.

Si its bad for Australian importers.

[culicine]

Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

mmmm high season in phuket dosent look afordable this year for too many ozzies.

If it keeps the Cheap Charlies away, that's a good thing.

Prayuth's "quality tourists" should be here in droves then

[nzthai]

starre.."Yeah nzthai, maybe you're right. We could start saving by sending back all the bloody kiwis that flooded in over the ditch in the recent decade "

...but..who would do THE WORK??.....

[starky]

What maritime industry? The MUA destroyed that decades ago......

AMOU I presume

I'm neither, but, saw the actions of both. The MUA were overpaid, under-worked (painting was beneath them) and they would cause trouble whenever they could, just because they could.

I would say your 70% right there but not every seafarer is a lazy, unskilled, unprofessional out to cause trouble just because they can

[starky]

starky..."As a Kiwi why would you give a poo. Oh unless your fifo or are you drumming up some of the old ANZAC pride"

..I have lived there 25 years!...just about a local

..and the answer to the question..any ideas..or is it to hard??:-)

Not too hard at all mate. Maybe you should be nzozthai eh Don't want to go on with it too much it is supposed to be about the baht. I touched on it in my post. It's about supplanting Aussie jobs with foreign labour and promoting 457 visas. Once they break the unions then it is all open season. It is all very well for the GIna Rhinharte's and Twiggy Forrests to say Aussies should be working for 2 dollars a day when upper management never see a pay cut and expect to see exponential growth in their business. If you want to pay Aussies developing nation wages then you better drop the costs of all commodities to developing nation prices. Also attacking pay, conditions, leave, super, redundancy I could go on and on. I have also seen no shortage of your countrymen accepting FIFO jobs for reduced pay and conditions pretty much undercutting us as well. Got nothing against my brothers over the ditch but if your coming here, come on the same conditions we have already fought so hard for. Now bring on the liberal fan club.

[nzthai]

Starky...yeah..it starting with me asking you this simple question..

......"and now we have this governments relentless attack on the maritime, mining and construction industry."

I was just trying to understand what exactly you mean..so what do you mean exactly?

[Starre]

starre.."Yeah nzthai, maybe you're right. We could start saving by sending back all the bloody kiwis that flooded in over the ditch in the recent decade "

...but..who would do THE WORK??.....

Sure mate, about 95% of em headed straight for the Centrelink office direct from the airport. If Abbott had any balls, he'd send Juhn Kuy & Wunstun Putters a bill for about 50 billion in welfare payments

[nzthai]

haha...but kiwis cant get the dole in oz

...but they do know how to work..thats why aussie employers try and get kiwi employee and not aussie battlers

[KarenBravo]

What maritime industry? The MUA destroyed that decades ago......

AMOU I presume

I'm neither, but, saw the actions of both. The MUA were overpaid, under-worked (painting was beneath them) and they would cause trouble whenever they could, just because they could.

I would say your 70% right there but not every seafarer is a lazy, unskilled, unprofessional out to cause trouble just because they can

Yes, I agree. They finally saw the writing on the wall. If they don't allow businesses to operate at a profit, jobs are lost. The MUA ended up reining in the most militant.

Much better now, but, you should have seen the madness in the 80's and 90's.

[lahgon29]

The sooner the Abbott Government is removed, and responsible economic planning returns - eg increasing focus on renewable energy resources and move away from mining, and economic diversification - the better.

Most Australian economists know that Chinese demand for Australia's coal, iron ore, etc. would have to peak and decline once Chinese growth peaked.

Poor economic planning Hockey et al.

The decline in the A$ will probably lead to greater inflation, greater unemployment, a further slide in the A$ and more misery for us expat Aussies who have most of our financial assets, such as pensions and super, back in Ozland.

You blaming the Abbott govt for the dollars decline? What about the RGR mob and the idiot Swan as treasurer? This was always going to happen...the historical average for the A$ v US$ is 0.75c. So we're heading there again. Inflation around the whole world is negligible, and countries like Japan are trying to manufacture it. It won't be a problem in Oz. Unemployment is caused by a HIGH dollar...Employment is created by a LOW dollar...Economics 101 in advanced economies.

Your greenie attitude to renewables is typical of your ilk. How can domestic renewables help exports? can't. Diversify into what? you didn't offer a suggestion. Welfare benefits in Oz are too high, wages are too high, half the working population don't pay any tax after entitlements and subsidies are factored In. There Is worse to come, and you will still be blaming any conservative or Liberal you can...Or maybe "the Rich". They're always a good target.

As for your "misery"If you are an expat with a pension and Super, as you seem to suggest. Manage the problem yourself. It's not rocket science. 60% of my Super is in USD and Asian currency assets. I actively manage my Super. If you relying on the pension...Well...you should have saved more.

Stop whinging.

Typical arrogant, blinkered LNP, born to rule, I'm OK - stuff you Jack response. It's smug a-holes like you that make me wish for a global stock market collapse so I can watch you throw yourself off your condo balconies.

Not sure if you live here in Oz or in LOS, but if you were here, you would know the mad monk Abbott and his idiot treasurer have sucked all confidence out of the domestic economy. We are now staring down the barrel of a recession in 2015 due to cigar smokin' Joe's highly divisive, poorly negotiated, unfair and rich biased austere budget which is still yet to pass the senate. If you don't accept my comments, then I refer you to the recent OECD remarks.

Try running a SME in a climate where unemployment is steadily on the rise and people decline spending any dollar for fear of losing their jobs the next day or having the financial rug pulled out from underneath them due to Abbott/Hockey austerity measures - yeah, it worked so well for Europe didn't it. Hockey was a mergers and acquisitions lawyer for Chrissake and now he's the country's treasurer???!!!. At least his wife might have some clue being a high ranking executive for the NAB - mind you they haven't exactly set the world on fire in recent years either.

Frankly I don't care if Abbott & Hockey are rolled internally by Julie Bishop & Malcolm Turnbull or have to succumb to a double dissolution election - just get rid of these pair of clowns now before the entire country is flushed down the toilet for the next 50 years. If we have to wait until the 2016 election to get rid of Toxic Tony, God knows what damage he and his cronies will do in that time or who we could be at war with due to one of his unfiltered, hair brained, offensive remarks like "shirt-fronting" a head of state. If these guys stay in power, 75 cents in the dollar will seem like a bargain - more realistic will be banana republic sub 50 cent levels.

Whilst the Gillard Government was no bed of roses and Rudd was highly disruptive to Country and Party after he was rolled by Shorten & Gillard, Howard & Costello spent the proceeds of the mining boom peak and then some by ramping up middle class welfare to ridiculous levels in order to win elections (see $5000 baby bonus policy & others) and spending untold billions fighting 2 pointless wars that had nothing to do with us and subsequently leaving a structural deficit this country will take decades to recover from. You may also remember a little event called the GFC during the Rudd term which Oz managed to avoid by maintaining the economy's overall confidence level whilst Doctor No, Abbott, howled for austerity which would have turned the lights out and kept them out at least until now.

If there's one thing I do admire about you Hua Hin Jim, it's your dog like blind loyalty to Abbott & Hockey. Even rusted on LNP media supporters like Andrew Bolt and Allan Jones have desserted them thinking "oh God, what have we done?" by helping him get elected.

You're either misinformed or delusional.Most likely the latter

..Rudd unnecessarily spent all the cash in the bank. All the savings made by the previous Govt. China baled Oz out, that 's why we had no recession..That's why we should have even more saved, such as countries like Norway..But Labor as usual spent money they didn't have, so that they could do the usual "progressive. socialist crap..Cash for clunkers, free [and deadly] insulation..Carbon taxes, free money for illegal immigrants, save the world from evil coal and oil.

Deficits got bigger through the RGR years, but hey, that's ok...somebody else can pay for It all later. Now the Libs are having to try and clean up the mess, but the Senate won't let them..Ok That's democracy. Things will get worse until the point Is reached when Labor and the Greens can't borrow any more, and the whole mess collapses, like in Europe.

You're a Labor voter, so you will as usual, blame everything on the Libs..It's In your DNA..Then you get angry because you just don't get It.

Yes I do have a "stuff you" attitude to people who haven't saved, or have always been on the social welfare teet, or who wail and moan because things aren't easy anymore...

I have lived here for 2 years, know exactly what's going on in Oz from the ABC, The Australian, and other sources.. Iknew the shit would hit the fan which Is why I invested smartly. Also, bring on the stock market crash..I'm well cashed up and waiting for It. I won't be jumping off any condo balcony..Got a house

I love Australia but left to have a better life and keep my money away from the socialists who want to take It..

[Starre]

haha...but kiwis cant get the dole in oz

...but they do know how to work..thats why aussie employers try and get kiwi employee and not aussie battlers

Better stup chuffin on that joint bru, you're losing track of reality. Most of the kiwis I've worked with (those that actually had jobs) wouldn't work in an iron lung. In fact they were masters at avoiding work. If sheepland is so good, why did you leave? Plenty of flights going back

For those on the forum wondering what this is all about, Aussies and Kiwis share an occasionally spirited relationship maybe similar to Canadians & the US.

Whatever you do, don't mention bowling under arm at cricket

[nzthai]

Starre..."If sheepland is so good, why did you leave? Plenty of flights going back "

..I got head hunted by an Australian employer who could not find any good aussie workers ..so he went to NZ to find some..

Starre..."Whatever you do, don't mention bowling under arm at cricket"

ok..and I wont mention who is on top in Rugby Union and Rugby League either ..not bad for a country of 4.5 million being superior to a country of over 20million

its only the aussie shielas who are performing at present..they are like the the thai ladies..they do most of the work while the blokes laze around

[Tassie Norm]

To NZTHAI, 'I' before 'E' except after 'C' - think about it - similar latitude, different longitude

[nzthai]

thanks...and nzthai is in lower case..as you were

[simple1]

Brad..

The Oz dollar is dropping because the Oz economy has come to rely on their raw material exports to China...the price they are getting for those raw materials has dropped (and the taxes that the govt gets in the production of those materials)...eg...iron ore 50% less...so now that the previous labour govt spent all the cash and stuffed the economy..looks like to aussie battlers need to do the hard yards and face reality that a drop in the standard of living is coming...for some aussies this concept will be hard to accept

To add to Australia's current woes Russian commodity prices are contributing to a weakening of the AUD / US$ exchange rate. I am not a currency specialist, so unsure if this issue will contribute to further weakening of AUD to Baht exchange rates in the longer term.

http://www.theaustralian.com.au/news/australian-dollar-hit-as-russian-economic-crisis-erupts/story-e6frg6n6-1227159978361

[starky]

Starky...yeah..it starting with me asking you this simple question..

......"and now we have this governments relentless attack on the maritime, mining and construction industry."

I was just trying to understand what exactly you mean..so what do you mean exactly?

Mate my rant was waaay off topic to begin with and though you might not comprehend what I am saying I will have another crack. I am a worker and a proud unionist so in my world ANY government that would promote and encourage the employment of foreign over domestic labour, who would try and cut minimum wages, pay scales, leave, redundancy and other bonuses who would try and rehash Johnny Howards work choices so every one in a workplace is on an individual contract ensuring a race to the bottom as far as pay and conditions were considered IMHO I consider an "attack" on the workers in that industry. Which does nothing to help the youth of Australia get jobs in the future, but your nearly a local here now so maybe in the future it will be important to you too eh.

[starky]

or maybe with those 12 posts up under your belt ya might just be trolling

[nzthai]

simple1...I agree

I have been in Thailand for just over 1 month when I arrived i think I was getting around 29BHT / $..yesterday in Chiang Mai I got 26.6BHT/$

I have heard of Russians cancelling their trip because of the big change in their currency..the Thais will no doubt miss the money...but not the manner

[nzthai]

starkey...no not trolling...I only do that from a boat

No ..I am just interested in trying to understand the situation and generally I find the best way is to ask questions.

[Tassie Norm]

nzthai - an oversight, definately nothing intended by the capitals. Come on you Aussie/Kiwi blokes, settle. The ANZAC's (capital's deliberate) have been mates in the face of adversity for a long long time - a reminder - centennial of ANZAC Day next year. I know, different subject. Kanchanaburi for me.

[nzthai]

Tassie Norm....I totally agree

and tell me..what do Tassies"s think about their new senator..Lambie is it?

I see some controversy but what do they think about it all?

[Tassie Norm]

In all honesty nzthai, I admit to being born in Melbourne and only lived in Tas for 10 years. Thus I can only speak for myself - I live in Thailand and accept/want that I shall leave my mortal coil here - but, to answer your question, Tas being Tas, I doubt,unfortunately, they are bothered by her erratic ravings. Good people, but removed, in the main, from what is happening in the world. Read isolation mate.

[Sophon]

Hi SOPHON, and other Aussies who may be interested. I have been dealing through OZFOREX for some 2 years (Macquarie bank). They far exceed the exchange rates offered at any time offered by the other Oz banks. Set up requires verbal (telephone) contact, no doubt relating to money laundering, and other T related matters. I thoroughly recommend them, efficient and easy process. Google aforementioned if you are interested. Along with their quote they list the other bank exchange rates - always better than a Baht better (eg transfer 5 grand then 5,000B better off. Also a flat charge of $15 - s..ts on other bank transfer fees.

It's pointless to compare with the exchange rate of other Australian Banks, as you shouldn't let your Australian bank do the exchange anyway. What you should do is compare with the exchange rates offered by Thai Banks, and from the information in post #50 it would seem that although better than other Australian banks, Ozforex is still not competitive compared with Thai banks.

Sophon

[kinmaew]

I will be only offering kitty 1500 LT used to be 2000

[HerbalEd]

USA, USA, USA!!!!!!

don't worry.....simply keep selling oil futures, then take profits near the lows and buy, buy buy!!!

make millions.....so some lousy exchange rate will be meaningless when in your private jet!!!!!

Is that what you're doing? How far are you from that private jet?

[Ulic]

Bad for the Australian dollar the Canadian dollar (mine) as well, but nothing compares to the Russian rouble.

I can't imagine those numbers falling less than 75 %. Russian tour companies must be going bankrupt left right and

centre the way the rouble has fallen unless they all hedged the currency.