Aussie $ falls again. Baht falls again.

[sir charles IV]

I've been frequenting Los for the past 15 years. Having been with all sorts I think I found a good one. I do recognize that the family back in the village 600k away will attempt the buffalo thing albeit they don't have one. She sends them money monthly ( I haven't ) but she never asked me to help for the past 3 years. I've given them the lecture about high cost of living here and don't think money grows on trees. As such they never ask me for it. But out of respect I offered it. They depend on her and if I take her away without compensation they'll be worse off. In return the mum said in that case we'll use the money to pay for the wedding and the wedding jewelry etc. I guess we'll suck and see.

[carlyai]

If i remember correctly the aussie dollar went down to 14 baht to the dollar.

Thats when Cavalit (sorry for the spelling) said 'we will never never never devalue the baht' and then he did.

I dont think the situation is the same as back then, so i recon around 22 would seem about right

[carlyai]

May be im wrong and the aus to baht never got to 14 baht to the dollar.

Just talked to my lovely wife and she remembers the same, she thinks the rate was even lower.

In context: it was around 1989 and i transfered money from an aus bank to thai bank to pay for our new car.

Only received about 14 baht to the aus dollar.

If i was stupid or not is not the point as the point being the exchange rate.

On the sin sot topic: weve been happily married for 27 years and i still havnt paid mine. It did not seem much of a deal to us or the family.

It wouldnt hurt to pay something, to keep every one happy, but in the coming years youll be helping the family, buying land, houses, and helping buying things.

It helps if your wife is working and you can both spend time in aus getting some money together, resident status for the mrs etc.

Marriage is difficult, but a cross cultural marriage is very very difficult.

[Mencken]

The world does not love the Thai Baht, its just insignificant and not traded, so it doesn't move. Same with stock market.

Its been easy for BOT to prop up.the currency and will be especially if they ate holding lots of usd. But even if they banked on euro, they'd be selling now ro stabilize the thb.

Thailand will have issues next year selling rise as Vietnam has devalued. Thai givt recently firesaled the old rice so that crap sitting in warehouses went well under market.

Thais do like their imported crap now. It will be interesting.

Debt is usually structured in usd, how will this play out? Good times for condo builders lol.

[Ragzilb]

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So the Euro and AUD are falling apart at the same time, whats the correlation for this ?

China.

China is not the cause of this....The US dollars is aso called petrodollar and cause of the Oil going down in price Petrodollar goes up too. But its not a good scenario we are looking at in the future if the Oil keep fall.

[SheungWan]

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So the Euro and AUD are falling apart at the same time, whats the correlation for this ?

China.

China is not the cause of this....The US dollars is aso called petrodollar and cause of the Oil going down in price Petrodollar goes up too. But its not a good scenario we are looking at in the future if the Oil keep fall.

Since both Euroland and Australia are not oil producing, you appear to have bypassed the question which is what is the correlation between the two currencies.

[SheungWan]

The world does not love the Thai Baht, its just insignificant and not traded, so it doesn't move. Same with stock market.

Its been easy for BOT to prop up.the currency and will be especially if they ate holding lots of usd. But even if they banked on euro, they'd be selling now ro stabilize the thb.

Thailand will have issues next year selling rise as Vietnam has devalued. Thai givt recently firesaled the old rice so that crap sitting in warehouses went well under market.

Thais do like their imported crap now. It will be interesting.

Debt is usually structured in usd, how will this play out? Good times for condo builders lol.

First of all it does move and secondly it is traded and thirdly we have the history of 1997 to remind us of past sharp movements. Whether it will ride out smoothly the VIP event in the future is the question looking forwards.

[OZEMADE]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

[Time Traveller]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

Well you were always at risk of this happening. Anyone with expenses in one currency and income in another will always be at risk of unfavorable currency movements. So move your assets to Thailand or split them into different currencies to diversify.

Personally I think it's great news and can finally take a cheaper vacation down under

Edited February 3, 2015 by Time Traveller

[konying]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

RBA today dropped interest rates, expect further slide, hopefully i am wrong, but looks like we are set to 22 baht to a dollar as 8 or so years ago

[stat088]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

RBA today dropped interest rates, expect further slide, hopefully i am wrong, but looks like we are set to 22 baht to a dollar as 8 or so years ago

Hopefully you are right. It's been way too high for too long. I feel for you guys with income from OZ but it's my turn now.

Edit: spelling

Edited February 3, 2015 by stat088

[nev]

The Aussie dollar jumped up a bit almost back to 25 baht, the dollar has been dropping but my shares and managed funds have been steaming along so not all doom and gloom, trying to delay the next amount of money i need to bring in, if no change and low i will only bring in small amount, time to economize until things improve.

[carlyai]

The Aussie dollar jumped up a bit almost back to 25 baht, the dollar has been dropping but my shares and managed funds have been steaming along so not all doom and gloom, trying to delay the next amount of money i need to bring in, if no change and low i will only bring in small amount, time to economize until things improve.

[carlyai]

The Aussie dollar jumped up a bit almost back to 25 baht, the dollar has been dropping but my shares and managed funds have been steaming along so not all doom and gloom, trying to delay the next amount of money i need to bring in, if no change and low i will only bring in small amount, time to economize until things improve.

[SheungWan]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

RBA today dropped interest rates, expect further slide, hopefully i am wrong, but looks like we are set to 22 baht to a dollar as 8 or so years ago

Hopefully you are right. It's been way too high for too long. I feel for you guys with income from OZ but it's my turn now.

Edit: spelling

Some of those guys are Brits who thought it would be a good idea to deposit their monies in Aussie in order to get the higher interest rates.

[carlyai]

Youve got to remember that ( to us old hands at least) 25 B to the dollar was pretty good.

If i were you id still think about transfering money if u can get 25 b clear, as 30 to 33 baht to the dollar was exceptional and me like others were transfering as much as we could from aus at thst rate.

[nev]

Youve got to remember that ( to us old hands at least) 25 B to the dollar was pretty good.

If i were you id still think about transfering money if u can get 25 b clear, as 30 to 33 baht to the dollar was exceptional and me like others were transfering as much as we could from aus at thst rate.

Not all doom and gloom mate, i have managed to renovate our house here put a sizable deposit on the car and help my wife out with some debt on her farm all at around 30 baht, only have living expenses and a car payment, so cheaper here for me than living in Australia.

[Old Croc]

I transferred a large sum in 2011 at 32.21. It paid for the house (very cheap by Oz standards), renovations, car, bikes, furniture, businesses, etc with enough left over to live on for a couple of years.

I should be satisfied that I was able to set myself up at a good exchange rate, and wear the current low rates without whinging. After all, my funds in managed shares are going great guns at the moment. (until the next crash comes)

However, I can't, the continual lowering of the exchange rate still gives me the poops!

[OZEMADE]

Current exchange at the Bangkok Bank.

Au$1.00 to Baht 24.49 this is not good for a lot of guys living there or having money transferred to Thailand, then put on top the transfer fee.

RBA today dropped interest rates, expect further slide, hopefully i am wrong, but looks like we are set to 22 baht to a dollar as 8 or so years ago

I would have to agree with you, especially seeing now that Westpac cut their rate more than the RBA.

The country's two biggest banks have cut interest rates for home loan customers, with the Commonwealth Bank matching the Reserve Bank's reduction and Westpac giving customers a slightly bigger rate cut.

http://www.smh.com.au/business/banking-and-finance/westpac-cba-pass-on-rba-rate-cut-20150204-135i7w.html

Edited February 4, 2015 by OZEMADE

[tlcwaterfall]

Reading some AU news outlets, they predicting it will go down to as low as 75. Might be a good time to buy back some AU, because once RBA raises the rates, it will climb back up.

Inflation rates are out , so RBA would have to do something.

My understanding is that RBA may cut the rates instead of raising them. This will result in AUD falling further down. I think it will be down to 0.65-0.70 by the end of this year. Baht may still be strong at that time due to expected investment from China and Japan. Rice export may do a bit better this year. While tourism could be a bit shaky due to downfall of RUB. Influx of CNY may not be able to fill this gap due to different spending habits/pattern.

This would mean AUD will be more like 22-23 baht similar to some time in 2008.

Better have all your holidays out of your system now...LOL...

Yes, sorry i was trying to say something along this lines but i guess got lost somewhere half way:)

22 was the rate some 5-6-7 years ago(from memory), Great time to buy AUD

Might be good for AU but certainly not good for Thai exports and expats or just tourists out of AU

I have been here since 2006 and the worst i got was 26.50.

The best 33.

Aud in December 2008 was 21 to the baht. Not sure how you got 26,50 at that time.

[Naam]

My understanding is that RBA may cut the rates instead of raising them. This will result in AUD falling further down. I think it will be down to 0.65-0.70 by the end of this year. Baht may still be strong at that time due to expected investment from China and Japan. Rice export may do a bit better this year. While tourism could be a bit shaky due to downfall of RUB. Influx of CNY may not be able to fill this gap due to different spending habits/pattern.

This would mean AUD will be more like 22-23 baht similar to some time in 2008.

Better have all your holidays out of your system now...LOL...

Yes, sorry i was trying to say something along this lines but i guess got lost somewhere half way:)

22 was the rate some 5-6-7 years ago(from memory), Great time to buy AUD

Might be good for AU but certainly not good for Thai exports and expats or just tourists out of AU

I have been here since 2006 and the worst i got was 26.50.

The best 33.

Aud in December 2008 was 21 to the baht. Not sure how you got 26,50 at that time.

absolute low in 2008 was 20.951 (27. october 2008).