So you feel that this is pretty well as good as it gets then changers.?
For how long is the next question. Is it the general feeling that UK interest rates will remain high until mid 2025.

markets.businessinsider.com/news/bonds/treasury-bond-crash-janet-yellen-calm-markets-yields-fed-rates-2023-10 Now how might this market reaction affect fiscal matters short term and possibly long term?

And I don't think it has to be a case of the exchange rate ever being as good as it gets, I think it's more a question of whether the rate is sufficiently good enough. That's why it helps to have  target in mind and then to exchange when you hit that strike price. Another useful strategy perhaps is to wait until you reach the strike price and then exchange 50% and set a new strike price, and so on.

You've had a busy morning so far changers, a shot of Regency with your hot chocolate would be well deserved.
Fish for lunch as per Jeeves would recharge the brain no end.

The banks already record inbound overseas transactions as income, whether or not it is assessible income is another story. 

US Social Security income is only capable of being taxed by the US, other parties to any Double Tax Agreement are specifically forbidden from taxing it. That means, US SSc income, payable to foreigners in Thailand, is excluded income for Thai tax purposes.

The UK has no comparable agreement on the State Pensions or private pensions, both are regarded as taxable income in Thailand so they should be included on the Thai tax return. I don't believe the fact that the UK has a 12,570 Personal Allowance is relevant, that's a UK affair, not Thailands. Thailand says that the over age 65 person is entitled to deduct 190k Baht from their assessible income, along with a 60k baht personal care allowance as well as other allowances and deductions for things such as spouse, medical premiums, children etc. Details of the allowances are linked below. The amount that is left is then subject to the Thai Revenue Department tax tables, of which the first 150k are zero rated. So, the average single over ag 65 male can deduct 190k + 60k + 150k (plus any other deductions they have) before they begin to pay tax at 5%, 10%, 15% etc, in bands according to the table. That further means that the average tax free allowance in Thailand for an over 65 year old, using the allowances/deductions mentioned above, is 400k Baht. If somebody imports an amount that falls within the 400k, there is no Thai tax obligation. If however they import 410k, 10k is subject to tax at 5%, unless they can prove that the 10k was already taxed and/or is savings not income.

The accounting for all of this is almost certainly going to be done via  tax return and it will be down to the individual to account for everything correctly. I guess if the Revenue Department in Thailand doesn't believe the return or has information about transfers not accounted for, there will be some follow up.

BTW as things stand, only funds that are remitted to Thailand are potentially taxable, funds that remain outside the country are not.

Lastly, all of this is work in progress, there is very little that is firm, other than the new process will begin with transaction on 1 January 2024.

sherrings.com/personal-tax-deductions-allowances-thailand.html

sherrings.com/personal-income-tax-rates-thailand.html

Yes indeed, it looks like those new flip flops and matching medium black socks will have to wait for the peace initiative. And that Beer Laos Dark vest, well I just don't know.
Mind you I haven't looked today, it could be all rosy again. Ha - bitter laugh.

The PT party has said in the papers that the 10k digital wallet give away will go ahead but some of the details may be changed plus there is still no clarity as to the source of the 560 bill. needed to fund the program.

What can be said, there is no question it will cause inflation to increase, even PT seems to acknowledge this. Higher inflation almost certainly means higher bank rates which has the potential to increase the value of the Baht. But unless income in the form of Tourism and Exports increase also, the trade deficit will increase and the Baht will plunge in value. The new 560 bill. debt alone will also be Baht negative plus increased interest rates will cause problems with NPL's. This all looks like bloody mindedness accompanied by a lack of economic common sense, this could end very badly.