What is going on with the Thai baht ?

[tonray]

44 minutes ago, meatboy said:

its not only the dollar but the gbpound has lost 130satang since the 2nd.of august.

That's half a Green Tea Latte at Starbucks. OMG !

[spidermike007]

2 hours ago, tonray said:

People in the US are still spending but there is a paradigm shift happening and they are not buying at "brick and mortar" stores. The physical stores in the retail space were way,  way overbuilt from the late 90's until no and this is a major acknowledgement of overcapacity

 

I think the dollar has been weak short term because of fear of Trump's ability to stay focused but the real reason is that inflation, despite a decade of efforts by the Federal Reserve, has not been increasing,worrying people about price deceleration in the economy.

 

Fascinating point of view. When the Feds talk about inflation, they seem to use numbers that have no connection with the actual population. Numbers so obscure, they have zero relevance to the real experience of everyday life for most individuals. I see inflation everywhere I look. Housing costs are increasing dramatically in the US, to the point of creating an enormous, unprecedented homeless crisis. People who have been paying $800 a month for years, are all of a sudden facing increases of $1000 or more. People who are having to move, in order to chase a job, are looking at homes renting for $3000 or more, in major metro areas. People being forced to rent, as they can no longer afford to buy, despite interest rates being so low. No inflation? I tend to think not. Food costs are soaring. Every time I go to the grocery store, prices are higher. No inflation? Health care costs are increasing at 20% per annum, or more. No inflation? 

 

While there may be certain things that are remaining stable, for the average person this talk of low inflation is highly offensive, when they are finding it quite difficult to make ends meet.

[spidermike007]

On 7/27/2017 at 3:20 PM, EricTh said:

 

It is too long. What is happening to US dollar?

 

I think it might be the Democrats manipulating the currency to make Trump look bad.

 

 

 

Now that is an amusing thought. At this stage of the game, the only thing the democrats can influence, is the calendar for the Kennedy Center. They are weakened beyond imagination. Really, the only possibility of the dems regaining strength is if Trump continues to shoot himself in the foot every day, which he seems to have a great deal of talent for. He may single handedly end up being responsible for the revival of the democratic party. Right now, they are in tatters. After the fiasco of Hillary, the least effective candidate since Mike Dukakis, the appointment of Tim Kaine, as VP choice, a less impressive choice than Spiro Agnew, the mafioso shenanigans of a hair brained Wasserman Schultz, and a nearly complete lack of an agenda party wide, the dems are nearly decimated. I do hope they are able to stage a revival of sorts. 

 

Believe me, the Dems do not need to try to make Trump look bad. He does it all by his little self. His ignorance, myopia, hubris, arrogance, stupidity, naivety, hatefulness, need for vengeance, dark heart, and gross negligence of his duties are enough to make him look very, very bad.

[tonray]

8 minutes ago, spidermike007 said:

 

Fascinating point of view. When the Feds talk about inflation, they seem to use numbers that have no connection with the actual population. Numbers so obscure, they have zero relevance to the real experience of everyday life for most individuals. I see inflation everywhere I look. Housing costs are increasing dramatically in the US, to the point of creating an enormous, unprecedented homeless crisis. People who have been paying $800 a month for years, are all of a sudden facing increases of $1000 or more. People who are having to move, in order to chase a job, are looking at homes renting for $3000 or more, in major metro areas. People being forced to rent, as they can no longer afford to buy, despite interest rates being so low. No inflation? I tend to think not. Food costs are soaring. Every time I go to the grocery store, prices are higher. No inflation? Health care costs are increasing at 20% per annum, or more. No inflation? 

 

While there may be certain things that are remaining stable, for the average person this talk of low inflation is highly offensive, when they are finding it quite difficult to make ends meet.

I think your numbers are anecdotal and not representative of the country at large. If there was the level of inflation you describe, the bond market would have collapsed and market driven rates would be very high.This is not the case. While in certain areas of the country housing is increasing due to lack of supply for than anything else. I was back in the US for the first time in 3 years this past March, food costs were about the same as when I was last there in 2014, rentals maybe had appreciated at 5% per year, and after shopping at the local mall to see what was available, I went home and ordered the things I liked from Amazon, sneakers, laptop batteries, personal care items, at basically the same cost as I recall. Just my experience. Depending on what part of the country you are in greatly affects housing demand. Energy costs are down significantly also.

[billd766]

41 minutes ago, Kwasaki said:

It's gone down to 43 again for £ l know why, my pension is due this week. 

 

42.66625 at Kbank this morning.

 

I am due a payment on Thursday.

[Grumpy Duck]

4 hours ago, Kwasaki said:

It's gone down to 43 again for £ l know why, my pension is due this week. 

I have tried historic comparisons between Thai baht and other currencies on xe currency, but it gives me a headache 555

[Kwasaki]

4 hours ago, billd766 said:

 

42.66625 at Kbank this morning.

 

I am due a payment on Thursday.

Same me but why worry,  l can maybe put myself out as a gigolo although not young.  

[meatboy]

first round SCB.8.15am TT 42.30.down 30satang on testerday.

[billd766]

17 hours ago, Kwasaki said:

Same me but why worry,  l can maybe put myself out as a gigolo although not young.  

 

I could do that too though I would need to get the wheelchair pimped up and the zimmer frame serviced first.

[Grumpy Duck]

On 8/13/2017 at 10:09 AM, spidermike007 said:

 

Now that is an amusing thought. At this stage of the game, the only thing the democrats can influence, is the calendar for the Kennedy Center. They are weakened beyond imagination. Really, the only possibility of the dems regaining strength is if Trump continues to shoot himself in the foot every day, which he seems to have a great deal of talent for. He may single handedly end up being responsible for the revival of the democratic party. Right now, they are in tatters. After the fiasco of Hillary, the least effective candidate since Mike Dukakis, the appointment of Tim Kaine, as VP choice, a less impressive choice than Spiro Agnew, the mafioso shenanigans of a hair brained Wasserman Schultz, and a nearly complete lack of an agenda party wide, the dems are nearly decimated. I do hope they are able to stage a revival of sorts. 

 

Believe me, the Dems do not need to try to make Trump look bad. He does it all by his little self. His ignorance, myopia, hubris, arrogance, stupidity, naivety, hatefulness, need for vengeance, dark heart, and gross negligence of his duties are enough to make him look very, very bad.

Yes, I was pretty much a registered dem, but after this primary I switched to non-partisan, (now I can vote in either party primary) I have been disgusted with the republican light party since Reagan. I was suckered into believing in Obamas "change" but we still have troops in Iraq, not one banker has been jailed, guantanimo is still operating but he was still better than Romney. I also take into consideration the obstructionist tactics of the right. 

[spidermike007]

20 hours ago, Grumpy Duck said:

Yes, I was pretty much a registered dem, but after this primary I switched to non-partisan, (now I can vote in either party primary) I have been disgusted with the republican light party since Reagan. I was suckered into believing in Obamas "change" but we still have troops in Iraq, not one banker has been jailed, guantanimo is still operating but he was still better than Romney. I also take into consideration the obstructionist tactics of the right. 

 

Me too. I supported Obama for the first year, of the first term. Until he abandoned 95% of his platform. Later, I actually considered him to be more conservative than Bush Jr. And the party has been completely broken ever since. But, the GOP? Out of 55 officials surveyed about the Charlottesville riots, from both parties, the only person that approved of what Trump said was the chairwoman of the GOP. Now, that is the very description of moral bankruptcy! 

[wgdanson]

On 6/7/2017 at 0:16 PM, jeab1980 said:

I do keep an eye on it week to week but untill its time for my yearly injection of pension from Gibralter i tend not to be to concerned. May hold it over  again (can hold over yearly payment  for 3 years before having to take it) next year if it hasnt climbed up again.

You could keep your £s in a Foreign Currency Account here and change it as and when needed.

[wgdanson]

On 8/15/2017 at 11:42 AM, Grumpy Duck said:

I receive my monthly pension and social security payments thru direct deposit so I pay attention to the rates. I am losing Over $200 a month as a result. At first I wanted to blame trumpalumpa but I understand it is the Baht gaining strength perhaps to get a better deal on buying missiles from the US? 

Get it paid into a Foreign Currency Account and change it as and when needed.

[jeab1980]

2 minutes ago, wgdanson said:

You could keep your £s in a Foreign Currency Account here and change it as and when needed.

Get a better return leaving it in pension pot than in a bank.

[wgdanson]

On 8/15/2017 at 1:57 PM, billd766 said:

 

42.66625 at Kbank this morning.

 

I am due a payment on Thursday.

Get it paid into a Foreign Currency Account and change it as and when needed.

[wgdanson]

Just now, jeab1980 said:

Get a better return leaving it in pension pot than in a bank.

I didn't mean ALL your £s, just what you think you could need for immediate use. Can manage a Bkk Bank FCA online and transfer immediately.

 

[jeab1980]

2 minutes ago, wgdanson said:

I didn't mean ALL your £s, just what you think you could need for immediate use. Can manage a Bkk Bank FCA online and transfer immediately.

 

I understand what you mean doesnt work tbat way i cant take a few thousand and leave the rest of yearly payout all or nothing.  I can roll yearly payouts over for three years then i have to take it ie roll over 2016/7/8 then in 2019 i have to take 2016 money and so on. If the £ went back up to 55 + Thb i would take all tbe rolled over payments in one go. 

[Grumpy Duck]

14 hours ago, wgdanson said:

Get it paid into a Foreign Currency Account and change it as and when needed.

Not possible. Both my pension & social security must be direct deposited into a traditional bank, and I do not have the income to afford an "investment" account. Nor the desire to put my livelihood into a casino. 

[Naam]

5 hours ago, Grumpy Duck said:

Not possible. Both my pension & social security must be direct deposited into a traditional bank, and I do not have the income to afford an "investment" account. Nor the desire to put my livelihood into a casino. 

transfers from abroad to a Thai bank's foreign currency account are as "traditional" as is the account. another fact: getting transfers from abroad converted into Thai Baht without the possibility to selecti a date with a potential more favourable exchange rate is (in my not so humble) view "casino".

[meatboy]

On 15/8/2560 at 1:57 PM, billd766 said:

 

42.66625 at Kbank this morning.

 

I am due a payment on Thursday.

week end is looming,SCB first round 42.26

[Grumpy Duck]

4 hours ago, Naam said:

transfers from abroad to a Thai bank's foreign currency account are as "traditional" as is the account. another fact: getting transfers from abroad converted into Thai Baht without the possibility to selecti a date with a potential more favourable exchange rate is (in my not so humble) view "casino".

1. To transfer any funds from my US bank to any other financial institution costs money, (Min $35.00 transaction fee) It is easier and far cheaper for me to withdraw cash from an ATM and deposit into my Thai bank 

2. I do not have the luxury of letting my minimal funds "sit" awaiting a favorable rate. My bills are usually already due when I receive payment. 

Like many worker class Americans I am relegated to living paycheck to paycheck. 

 

The last time I played casino, we were informed that a city was going to build a highway through a place my mother lived. Me my mother brother & sisters scavenged every dime we could to buy the 11 condos. As it was a sure win win. Then the state chose to build the highway a mile south. We lost our asses. I will not make that mistake again, primarily, as I no longer have the ASSets to allow it. 

[Naam]

8 minutes ago, Grumpy Duck said:

I do not have the luxury of letting my minimal funds "sit" awaiting a favorable rate. My bills are usually already due when I receive payment. 

Like many worker class Americans I am relegated to living paycheck to paycheck. 

that's an explanation which does not pertain to your former posting. and of course the optimal way for you to proceed.

[shaurene]

The Thai Baht has been up and down. There was rumors they were thinking of a devalue. It is set with the US dollar movements.

If the poster would have stated their currency it would have helped to find the reason. If it is the pound then that is the main reason. Since Bretex the pound has moved down a great deal to all other currencies and will be a yoyo untill the Bretex negotiations are finalised.

keep hold of your pounds for as long as you can. UK pounds will come back to a good market value eventually.

[Ace of Pop]

im amazed a Thai Bht has any value out of Thailand. Apart from Tourists sittin on Beaches n Rice its not much use as a Global currency

[jeab1980]

1 minute ago, Ace of Pop said:

im amazed a Thai Bht has any value out of Thailand. Apart from Tourists sittin on Beaches n Rice its not much use as a Global currency

Same can be said for a lot of curriencies then.

Edited August 22, 2017 by jeab1980

[Ace of Pop]

Same can be said for a lot of curriencies then.

The topic is about Thai ,not South American basket cases..Japan ,Germany Europe ect has products the World wants,All we got here is Screwdriver Assembly owned by Japan mainly


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[jeab1980]

1 minute ago, Ace of Pop said:

The topic is about Thai ,not South American basket cases..Japan ,Germany Europe ect has products the World wants,All we got here is Screwdriver Assembly owned by Japan mainly


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Oh get you had your weetabix yhis morning have we.

Well it must be useful to some or it wouldnt remain so strong against those south american basket cases, i presume you realize Germany is part of Europe. Thailand obviously despite your indignation has something to offer.

[Ace of Pop]

Oh get you had your weetabix yhis morning have we.
Well it must be useful to some or it wouldnt remain so strong against those south american basket cases, i presume you realize Germany is part of Europe. Thailand obviously despite your indignation has something to offer.

Thank You Teacher.[emoji86]


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[Naam]

1 hour ago, Ace of Pop said:

Japan ,Germany Europe ect has products the World wants,All we got here is Screwdriver Assembly owned by Japan mainly

Quote

Thailand is the world's second largest maker of hard disk drives (HDD) after China, and makes about half of global output taking place there.

 

[Ace of Pop]

 

Cheap labour never fails.Lucky they didnt have to invent them. Anyway id sooner go Walkabout with A fistfull of US[emoji383]and GBP than something that the folks ask "what the .... are these things n dont have exchange rates.?[emoji383]


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