rubl
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Post by rubl on Sept 22, 2019 14:38:41 GMT 7
About 33.6 Baht to one Euro, 38 for one GBP. Still remember 1997 with a DFL being 56 Baht (times 2.2 for one Euro). Trend seems still downwards. "Baht may be primed for further gains The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more. The Thai currency has proven to be the preferred Asian hedge against global trade frictions, sheltered by the country’s current-account surplus and record foreign reserves. The baht shrugged off the last three spikes in US-China tensions, and has shown to be the second least responsive to shock yuan moves among eight Asian currencies, according to a study by Bloomberg." www.bangkokpost.com/business/1755749/baht-may-be-primed-for-further-gains#cxrecs_s |
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smokie36
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Post by smokie36 on Sept 23, 2019 1:38:49 GMT 7
Oh great thanks rubl....hey you earn baht though....can you buy me a soda?
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rubl
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The wondering type
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Post by rubl on Sept 23, 2019 9:23:07 GMT 7
Oh great thanks rubl....hey you earn baht though....can you buy me a soda? No problem. Come and get it  |
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Post by rgs2001uk on Sept 23, 2019 21:26:04 GMT 7
Great news, bring it on, my next uk house is getting cheaper by the day.
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chiangmai
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Post by chiangmai on Oct 3, 2019 7:33:37 GMT 7
Now that the US has been given the green light to impose tariffs on EU goods by the WTO, the likelihood of a global recession just increased several-fold, that is mostly what the overnight fall in markets FTSE -3.30%) is all about. And looking at the US economy, the US indices haven't really gained anything over the past year, any gain is in the rhetoric, smoke, mirrors and deflection. Thailand will not be immune to a global recession, Vietnam and not Thailand is the main beneficiary of the US/China trade war. A strong Baht may be justified on the basis of some fundamentals and relative to other economies but Thailand is going to get hurt here both in terms of exports and tourism as a result. The good news in all of this is that the Pound might just be set to recover on the basis of a Brexit deal hence there is some light at the end of the tunnel.
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chiangmai
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Post by chiangmai on Oct 3, 2019 8:56:03 GMT 7
I was just reading a national newspaper business section, the part that discusses THB strength.
Today's headline is: Baht can go higher
Yesterday's headline was: Strong Baht Battering Rice Shipments
One Day Before: Baht primed for further gains
And before that: World Beating Baht gives Thailand a Headache.
And then: Measure (to contain the Baht)
And: A Rebound is in Sight.
Obviously, if you read newspapers to try and understand the likely direction of THB you will need to choose the day carefully. And if you don't like what is said one day, just wait until the next day when it is guaranteed to be more to your liking.
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rubl
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The wondering type
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Post by rubl on Oct 4, 2019 11:25:39 GMT 7
"Surging baht shatters expat dreams of easy retirement Brian Maxey moved to Thailand from the United Kingdom expecting his sterling pension to afford him an easy retirement. Instead, he’s finding it harder to meet his visa’s financial stipulations because of the strong baht. The former aircraft technician easily bought a townhouse, pickup truck and motorcycle when he arrived at the age of 55 two decades ago. Back then the pound bought about 60 baht, but now it fetches a little less than 38 baht." www.bangkokpost.com/business/1764889/surging-baht-shatters-expat-dreams-of-easy-retirement |
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AyG
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Post by AyG on Oct 4, 2019 12:13:34 GMT 7
Are fools such as this really worthy of newspaper space?
He retired at 55 on a pension of GBP12,000/year and no substantial savings/investments.
Ludicrous.
How does he think he'll pay a hefty medical bill or three? At 75 it's most doubtful he's covered by medical insurance. Just hope he knows how to create a "gofundme" page to pay for his flight back to the UK to suck on the tit of the NHS.
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chiangmai
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Post by chiangmai on Oct 4, 2019 12:41:58 GMT 7
A bit harsh AyG don't you think! The man doesn't have your financial or investment savvy but he is permitted to try and chase his dreams. He's not sponging off the state and he's not asking for "gofund me" money but he is typical of several generations of Brits who were never educated in financial matters and who are now being squeezed. A little compassion and understanding wouldn't go amiss.
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AyG
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Post by AyG on Oct 4, 2019 13:24:44 GMT 7
A bit harsh AyG don't you think! The man doesn't have your financial or investment savvy but he is permitted to try and chase his dreams. He's not sponging off the state and he's not asking for "gofund me" money but he is typical of several generations of Brits who were never educated in financial matters and who are now being squeezed. A little compassion and understanding wouldn't go amiss. Do you really think that ignorance is a defence? Anybody with a couple of brain cells to rub together should at least do some sort of research and planning before permanently moving to a country thousands of miles from home, and even a modicum of research would have revealed that his plan was wildly unrealistic. As for chasing his dreams, I have no idea what they were or are, but generally speaking, for people who are attracted to living in Pattaya, I'd suggest that chemical castration, in the long run, is a cheaper option. |
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chiangmai
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Post by chiangmai on Oct 4, 2019 13:38:13 GMT 7
A bit harsh AyG don't you think! The man doesn't have your financial or investment savvy but he is permitted to try and chase his dreams. He's not sponging off the state and he's not asking for "gofund me" money but he is typical of several generations of Brits who were never educated in financial matters and who are now being squeezed. A little compassion and understanding wouldn't go amiss. Do you really think that ignorance is a defence? Anybody with a couple of brain cells to rub together should at least do some sort of research and planning before permanently moving to a country thousands of miles from home, and even a modicum of research would have revealed that his plan was wildly unrealistic. As for chasing his dreams, I have no idea what they were or are, but generally speaking, for people who are attracted to living in Pattaya, I'd suggest that chemical castration, in the long run, is a cheaper option. We could blame it on the education system, the class system or even the North/South divide and any of those might be appropriate, it depends how far back or deep you want to go into finding the root cause. But just saying he's stupid isn't a useful answer because our assumptions about their education and upbringing aren't necessarily valid! A 40 something year old real estate agent in the North was telling me recently that her job is to vet tenants who want to rent property to see if they can afford it, many don't understand they can't hence doing the vetting up front saves problems for all parties downstream. She went on to explain that even she didn't know what a mortgage was until she got into the real estate business ten years ago, as difficult as that might be to comprehend. So does that make her stupid or simply poorly educated or an average northerner? As for Pattaya: well, it's Morecambe or Blackpool with better food, slimmer women but much hotter, does that mean all residents of Morecambe and Blackpool should be chemically castrated also.....wait a minute, maybe...! |
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Post by rgs2001uk on Oct 4, 2019 20:41:42 GMT 7
A bit harsh AyG don't you think! The man doesn't have your financial or investment savvy but he is permitted to try and chase his dreams. He's not sponging off the state and he's not asking for "gofund me" money but he is typical of several generations of Brits who were never educated in financial matters and who are now being squeezed. A little compassion and understanding wouldn't go amiss. The harshness doesnt retract from the veracity does it? |
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chiangmai
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Post by chiangmai on Oct 4, 2019 20:48:45 GMT 7
My response stands.
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Post by rgs2001uk on Oct 4, 2019 20:51:21 GMT 7
A bit harsh AyG don't you think! The man doesn't have your financial or investment savvy but he is permitted to try and chase his dreams. He's not sponging off the state and he's not asking for "gofund me" money but he is typical of several generations of Brits who were never educated in financial matters and who are now being squeezed. A little compassion and understanding wouldn't go amiss. Do you really think that ignorance is a defence? Anybody with a couple of brain cells to rub together should at least do some sort of research and planning before permanently moving to a country thousands of miles from home, and even a modicum of research would have revealed that his plan was wildly unrealistic. As for chasing his dreams, I have no idea what they were or are, but generally speaking, for people who are attracted to living in Pattaya, I'd suggest that chemical castration, in the long run, is a cheaper option. I have said it before and will say it again, Thailand, never was, isnt and never will be a cheap place to retire to. I was laughed at, mocked and derided for telling people to plan on 40 baht to the pommie peso, heck I can remember it being even lower. Reminds me of Spain in the early 90s, sell up and put the 100k house sale proceeds in the bank and life off the 15% interest rates, that didnt last long. Immi at CW must have a folder for me about two foot high, never once have I been asked how many houses I own, how many rai of worthless paddy fields, how many trucks etc etc. As long as matey boy has his 800k in the bank, he is good to go, he can live well on 40k baht per month in Pattaya, the subject no one is prepared to ask, whats his monthly stipend for his girl being different, ditch the girl and your problems go away, not saying this is the case here with matey boy. Too be honest, these days, I prefer Blackpool to Pattaya. |
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Post by rgs2001uk on Oct 4, 2019 20:53:04 GMT 7
No problem and not disagreeing with you, heck I have been there myself, mortgage rates almost doubling overnight in the UK. |
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