Pound Weakens.

[Naam]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

i lived here when it was 38bht.to the pound and seen it at 97.so all you guys retirering to thailand never ever set your living rate of exchange above 42-46.

otherwise you will suffer the greedy virus.

what you forgot to mention is that the purchase power of 38 Baht was equivalent to today's 150 Baht.

i remember the days when one Dollar bought 20 Baht but i was paying 60-80 Baht for 6 grilled rock lobsters in an airconditioned Bangkok restaurant the taxi fare BKK to Pattaya was 250 Baht and a working lady was happy to receive 300-400 Baht and a dinner.

[MissAndry]

and a working lady was happy to receive 300-400 Baht and a dinner.

I though you were happily married?

[Briggsy]

If you owned this fund as I do, you would have made yourself a very healthy 6% (sterling) overnight profit.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/investec-emerging-market-local-currency-debt-income/charts

I think everybody was given fair warning to hedge.

[MissAndry]

If you owned this fund as I do, you would have made yourself a very healthy 6% (sterling) overnight profit.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/investec-emerging-market-local-currency-debt-income/charts

I think everybody was given fair warning to hedge.

And if you had bought it in 2014 you would currently be into a 25% loss.

Edited June 25, 2016 by MissAndry

[Naam]

and a working lady was happy to receive 300-400 Baht and a dinner.

I though you were happily married?

i am happily married! talking about my bachelor days in the 70s when i used to spend a few days in Thailand several times a year to wash off the Saudi dust (got married end of 79).

that reminds me of the suite which i arranged on company expense in the old part of the BKK Nana hotel for which we paid something like 2,000 Dollars per year. the latter was used by the bachelors who were entitled to two weeks holidays every three months to recharge batteries and have an oil change.

[Berty100]

If you owned this fund as I do, you would have made yourself a very healthy 6% (sterling) overnight profit.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/investec-emerging-market-local-currency-debt-income/charts

I think everybody was given fair warning to hedge.

Anyone who had shorted GBP the day before the vote would have made that, but what if the vote had ended with 52% remain?

Or did you have a look in your crystal ball?

[Naam]

If you owned this fund as I do, you would have made yourself a very healthy 6% (sterling) overnight profit.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/investec-emerging-market-local-currency-debt-income/charts

I think everybody was given fair warning to hedge.

And if you had bought it in 2014 you would currently be into a 25% loss.

looking at the top ten holdings (currencies, not debtors) gives me the shivers

[trd]

What people seem to forget is that the UK trades with many more countries outside the EU than within the EU.

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

Only their products will get more expensive for the Brits, since now import duties need to be added, same goes for export. EU countries may now avoid to import products from UK because import duties need to be added.

You do realise don't you that it's possible to leave the EU, but still remain in the single market.

[thai3]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

i lived here when it was 38bht.to the pound and seen it at 97.so all you guys retirering to thailand never ever set your living rate of exchange above 42-46.

otherwise you will suffer the greedy virus.

It used to be 8 baht to the pound in the late 19th cent and it was only after the war that it reached high levels

[meatboy]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

i lived here when it was 38bht.to the pound and seen it at 97.so all you guys retirering to thailand never ever set your living rate of exchange above 42-46.

otherwise you will suffer the greedy virus.

what you forgot to mention is that the purchase power of 38 Baht was equivalent to today's 150 Baht.

i remember the days when one Dollar bought 20 Baht but i was paying 60-80 Baht for 6 grilled rock lobsters in an airconditioned Bangkok restaurant the taxi fare BKK to Pattaya was 250 Baht and a working lady was happy to receive 300-400 Baht and a dinner.

some girls are lucky to get 300-400bht.NOW.

SINGHA AND CLOSTER 100BHT.down south patts.

[Naam]

some girls are lucky to get 300-400bht.NOW.

SINGHA AND CLOSTER 100BHT.down south patts.

those who got the same amount 35 years ago?

[i claudius]

some girls are lucky to get 300-400bht.NOW.

SINGHA AND CLOSTER 100BHT.down south patts.

those who got the same amount 35 years ago?

Gosh ,i remember her ,she was a corker in her day , 200 baht and a plate of somtam and you could have a night of wonder . mind you she hasnt changed that much

[Aussie69]

You reckon......My mum and dad ate virtualy nothing for 6 years 39/45......You think I worry about stuff ..

And they were probably quite healthy; limited meat, sugar, butter, etc

Edited June 26, 2016 by Aussie69

[happy Joe]

I notice this site is still in English, the English language is the most important in the world, just one of our many great gifts to the rest of you

This allows nationals of other countries to maintain their brain by practicing several languages.

Perhaps an beginning of explanation for this suicidal vote ...

[IMA_FARANG]

Of course the Pound will drop against other currencies.....including the Baht.

It should start on Monday.

But what the final rate will be when all the dust settles......who can tell now?

As a American I had no vote either way in the BREXIT referendum.

if someone asked my opinion however..... I would have to say I have always believed it was long past time for Britain to stop hiding behind mommy's EU apron strings and go out on it's own like a real man.

Of course, the same principal also applies to the U.S.A.

Stop moaning about how bad things are and get to work fixing the problems.

Edited June 26, 2016 by IMA_FARANG

[meatboy]

down 2bht.on fridays close.

[robblok]

Yes Brexit is great for British expats, and if Scotland goes out of the UK you can expect the pound to go down even more. But at least in 10 years you will be back to the levels from before brexit and you will be free. Im sure its all worth it.

But it cost the Euro also 1 baht.. and i am less then pleased about that. Good thing i send a lot of money over before.. i saw this coming.

Edited June 27, 2016 by robblok

[JonnyF]

Yes Brexit is great for British expats, and if Scotland goes out of the UK you can expect the pound to go down even more. But at least in 10 years you will be back to the levels from before brexit and you will be free. Im sure its all worth it.

But it cost the Euro also 1 baht.. and i am less then pleased about that. Good thing i send a lot of money over before.. i saw this coming.

The British knew there would be a medium term impact on their economy, but decided it was a price worth paying for their sovereignty.

You can criticize that if you like - but try to remember for a second that not everyone is prepared to be ruled forever by an undemocratic superstate for the sake of a few Baht on the Pound.

Also try to remember that a number of expats routinely send money OUT of Thailand, and therefore your argument of a weak pound necessarily being bad for expats is spurious.

[Naam]

Yes Brexit is great for British expats, and if Scotland goes out of the UK you can expect the pound to go down even more. But at least in 10 years you will be back to the levels from before brexit and you will be free. Im sure its all worth it.

But it cost the Euro also 1 baht.. and i am less then pleased about that. Good thing i send a lot of money over before.. i saw this coming.

The British knew there would be a medium term impact on their economy, but decided it was a price worth paying for their sovereignty.

You can criticize that if you like - but try to remember for a second that not everyone is prepared to be ruled forever by an undemocratic superstate for the sake of a few Baht on the Pound.

Also try to remember that a number of expats routinely send money OUT of Thailand, and therefore your argument of a weak pound necessarily being bad for expats is spurious.

a number of expats routinely send money OUT of Thailand

please tell us more to brighten the day

[JonnyF]

Yes Brexit is great for British expats, and if Scotland goes out of the UK you can expect the pound to go down even more. But at least in 10 years you will be back to the levels from before brexit and you will be free. Im sure its all worth it.

But it cost the Euro also 1 baht.. and i am less then pleased about that. Good thing i send a lot of money over before.. i saw this coming.

The British knew there would be a medium term impact on their economy, but decided it was a price worth paying for their sovereignty.

You can criticize that if you like - but try to remember for a second that not everyone is prepared to be ruled forever by an undemocratic superstate for the sake of a few Baht on the Pound.

Also try to remember that a number of expats routinely send money OUT of Thailand, and therefore your argument of a weak pound necessarily being bad for expats is spurious.

a number of expats routinely send money OUT of Thailand

please tell us more to brighten the day

Expats here working for multi-nationals but paid in Thai Baht would be one example.

Hope that brightens your day sufficiently, spending most of your waking hours huddled over your computer making fatuous comments on TV must get quite tedious .

[Bernard Flint]

Expats are on their own. Heard the outs say they dont care about Jocks, they dont care about expats, but please, do not critisise the outs.

[Naam]

Expats here working for multi-nationals but paid in Thai Baht would be one example.

Hope that brightens your day sufficiently, spending most of your waking hours huddled over your computer making fatuous comments on TV must get quite tedious .

most expats working for multinationals are getting the lion share of their remuneration in hard currency, tax free and paid offshore. perhaps this information brightens your day.

[i claudius]

The wife is paid in Thai Baht ,this month was a very good month ,keep on selling those condos love

[YeahSiam]

So why did I vote LEAVE......?

Because you were

clueless as to how a

weak pound would

affect your income

in Thailand.

You reckon......My mum and dad ate virtualy nothing for 6 years 39/45......You think I worry about stuff.........

Don't know, don't care

but for all your bravado

on here, you know that

if it goes much lower,

your missus could be

asking you some very

stark questions . . . .

questions you may

have some difficulty

providing answers to

[YeahSiam]

Yes Brexit is great for British expats, and if Scotland goes out of the UK you can expect the pound to go down even more. But at least in 10 years you will be back to the levels from before brexit and you will be free. Im sure its all worth it.

But it cost the Euro also 1 baht.. and i am less then pleased about that. Good thing i send a lot of money over before.. i saw this coming.

The British knew there would be a medium term impact on their economy, but decided it was a price worth paying for their sovereignty.

You can criticize that if you like - but try to remember for a second that not everyone is prepared to be ruled forever by an undemocratic superstate for the sake of a few Baht on the Pound.

Also try to remember that a number of expats routinely send money OUT of Thailand, and therefore your argument of a weak pound necessarily being bad for expats is spurious.

a number of expats routinely send money OUT of Thailand

please tell us more to brighten the day

They voted to stop

immigration and they chose

to stop believing one bunch

of lying bastards to vote for

another bunch of lying

bastards who told them

they'd cut immigration.

Enter EU who says, 'no free

movement of people, no

access to to the market'

They want the benefits but

none of the responsibilities

Some (not me) would say

that attitude is almost Thai

[Naam]

The wife is paid in Thai Baht ,this month was a very good month ,keep on selling those condos love

your wife is not working for a multinational receiving an expat package.

[JonnyF]

Expats here working for multi-nationals but paid in Thai Baht would be one example.

Hope that brightens your day sufficiently, spending most of your waking hours huddled over your computer making fatuous comments on TV must get quite tedious .

most expats working for multinationals are getting the lion share of their remuneration in hard currency, tax free and paid offshore. perhaps this information brightens your day.

I know many expats working for multinationals here in Thailand, and I believe your statement to be incorrect.

I suspect you don't get out into the real world much these days, preferring to waste your time on TV bragging about your perceived wealth. Have a great day Sir

[Naam]

Expats here working for multi-nationals but paid in Thai Baht would be one example.

Hope that brightens your day sufficiently, spending most of your waking hours huddled over your computer making fatuous comments on TV must get quite tedious .

most expats working for multinationals are getting the lion share of their remuneration in hard currency, tax free and paid offshore. perhaps this information brightens your day.

I know many expats working for multinationals here in Thailand, and I believe your statement to be incorrect.

I suspect you don't get out into the real world much these days, preferring to waste your time on TV bragging about your perceived wealth. Have a great day Sir

when ignorants can't present facts about the "real world" they resort to personal attacks and start to "suspect" and assume

[JonnyF]

Expats here working for multi-nationals but paid in Thai Baht would be one example.

Hope that brightens your day sufficiently, spending most of your waking hours huddled over your computer making fatuous comments on TV must get quite tedious .

most expats working for multinationals are getting the lion share of their remuneration in hard currency, tax free and paid offshore. perhaps this information brightens your day.

I know many expats working for multinationals here in Thailand, and I believe your statement to be incorrect.

I suspect you don't get out into the real world much these days, preferring to waste your time on TV bragging about your perceived wealth. Have a great day Sir

when ignorants can't present facts about the "real world" they resort to personal attacks and start to "suspect" and assume

It doesn't get much more "real world" than working and socializing with the very expats that we are discussing. The vast majority are paid at least 50% of their salary in Thailand and pay tax in Thailand, correct payment of tax is one of the things that is checked when you renew your work permit.

Anyway I'll leave you to have the last word and carry on posting your puerile comments as you wish, fortunately working here means I have more rewarding ways to spend my days than arguing on the internet. All the best...

[Naam]

The vast majority are paid at least 50% of their salary in Thailand and pay tax in Thailand

correct! and because they are paying tax on their Thai share my statement

"lion share of their remuneration in hard currency, tax free and paid offshore"

applies... unless using strange maths or logic and claim that 50% minus taxes equals not less than 50% tax free.

next!