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Thread: Baht Value

  1. #26
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    A strong baht:
    1) Keeps imported goods, like construction materials, lower in price, so the construction boom keeps expanding, despite seeming just a bit irrational;
    2) Keeps imported oil cheaper- a sudden spike in fuel prices and you'll see a really pissed off populace- authorities don't really want that;
    3) Helps properties held by banks, especially commercial real estate, hold their value on the balance sheets of banks and investors; lots of CR, especially newer stuff (some of it visible in the video from Asoke yesterday) has been sitting there dead for a while, but has realized an increase in value due to exchange.

    Smoke and mirrors
    “You can lead a horticulture but you can’t make her think.” Dorothy Parker

  2. #27
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    I first came here in '82, very simple :- 20 Baht to the dollar and 40 Baht to the pound.

    It was like that for ages, and in '97 I remember getting over 100 for a few days around Christmas. If I'd had the brains to speculate then, I could have made a fortune.
    People were ripping taxi drivers out of their cars for a few Baht, and hotels were only accepting hard currency.
    "The supreme irony of life is that hardly anyone gets out of it alive."

  3. #28
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    For my family and I a strong Baht is good, if you have one foot in your home country and one foot here then yes I can understand your concerns, selfish as they may be.

  4. #29
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    Quote Originally Posted by wefearourdespot View Post
    Quote Originally Posted by Butterfly View Post
    read a book on Purchasing Power Parity and maybe you will get a clue
    there's no need for a book Thailand Economic Statistics, Thailand Economic Indicators for the Year 2009 Implied PPP Conversion Rate 16.759 , that's where the USD/THB is headed in the (very) long run.
    Great links thank u very much

  5. #30
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    A decidedly weird proposition. Talking to another farang he positied: That Toxin and a web of wealthy overseas supporters were buying baht hand over fist. The idea being that when the time was ripe they would all sell immediately and crash the value. Toxin would then ride in to save the day economically.

    His cohorts would then go to the head of the line for places at the trough to replenish their losses and he would continue to rape the country.

    Definitely a joke I thought. But then realizing that squareface is one slick chinaman and devious to the max... hmmmmmmmmmm

    Actually beginning to make some sense after watching the devastation over the last couple of days. Large amounts of capital are going to be needed to rehab Bangkok alone say nothing of the tourist industry and foreign investment.

    The damage to government infrastructure is very large and will eat a huge portion of future budgets.

    E. G.
    "If you can't stand the answer --
    Don't ask the question!"

  6. #31
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    ^ that would require a lot of money! more than thaksin has for sure

  7. #32
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    the truth is that Thailand is successful economically, the special economic zoning is doing great, and there has been massive investment, colossal, billions have been poured in the last 7 years

    we might see a reversal though as I am sure expats are starting to question the stability of that little paradise,

    I can see a lot of relocation to Singapore coming,

  8. #33
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    Quote Originally Posted by jojo333 View Post
    For my family and I a strong Baht is good, if you have one foot in your home country and one foot here then yes I can understand your concerns, selfish as they may be.
    Lucky for you that you have made the move already - when you got a better deal.

    I do have one foot in each country, as I make the move between UK and Thailand, but the exchange rate makes nonsense of my budgeting. What is more selfish about my position than yours? I will have to pay an additional cost, whereas you have saved a fortune.

    I have made a commitment to Thailand by planning to move there, I am not making any money on this deal so I do not think is selfish to whinge about the additional cost. The instability of exchange rates is a world wide concern, not just the GBP/THB rate. It is the difficulty that such instability causes for long term planning that is the headach. Yes, there are a few selfish people making a fortune out of the situation - but it isn't me.
    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. (Bertrand Russell)

  9. #34
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    Quote Originally Posted by PAG
    I'm sure that I'm not alone in thinking this, but what on earth is maintaining the value of the baht at the moment?
    I've asked myself the same question....
    Eerily, the dates 13th/14th of May also coincides with the 1998 Soharto riots in Jakarta. I was in Bali that week and the Rp collapsed.

  10. #35
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    Quote Originally Posted by Liquid
    I have made a commitment to Thailand by planning to move there
    It is a shame Thailand won't in turn make a commitment to you and you will be forced to stay on a Non-Immigrant or tourist visa.

  11. #36
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    With all the political problems, financial losses from street riots in the capital etc, how does the baht maintain its strong position?

    I was on skype to my brother; he was watching skynews telling me how it was showing the Thai army spraying bullets at unarmed protesters who were running away... so I asked him, "How does the baht stay so high?"
    His reply, "Well, in the grand scale it's just a holiday currency, so no reason to fluctuate too much, the major factors in currency movement will be due to the opposed currency rather than the baht." He is a money dealer.

    Maybe, living in the land of smiles, we're too close to see the bigger picture?

  12. #37
    Member Liquid's Avatar
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    Quote Originally Posted by Beadle View Post
    Quote Originally Posted by Liquid
    I have made a commitment to Thailand by planning to move there
    It is a shame Thailand won't in turn make a commitment to you and you will be forced to stay on a Non-Immigrant or tourist visa.
    Yes, its a bit bloody mean policy. However that is a "political" rule that allows those in "control" to show who is boss. I take my lead from the Thais I meet on my visits, and most of them are very welcoming - even those who are not out to exploit me. There are obviously many who are exposed to the tourist and expat industry whos aim is to make a large profit out of farangs, but the rest are really nice.

  13. #38
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    Quote Originally Posted by Beadle View Post
    Quote Originally Posted by Liquid
    I have made a commitment to Thailand by planning to move there
    It is a shame Thailand won't in turn make a commitment to you and you will be forced to stay on a Non-Immigrant or tourist visa.

    Why would you care under what authority you can stay in Thailand, as long as you can live and do where and what you like.

  14. #39
    Member Liquid's Avatar
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    Quote Originally Posted by RPETER65 View Post
    Quote Originally Posted by Beadle View Post
    Quote Originally Posted by Liquid
    I have made a commitment to Thailand by planning to move there
    It is a shame Thailand won't in turn make a commitment to you and you will be forced to stay on a Non-Immigrant or tourist visa.

    Why would you care under what authority you can stay in Thailand, as long as you can live and do where and what you like.
    Because if the authorities want to be difficult I could end up with a house and all my belongings in Thailand and no Visa renewal

  15. #40
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    Quote Originally Posted by CharleyFarley View Post
    I first came here in '82, very simple :- 20 Baht to the dollar and 40 Baht to the pound.

    It was like that for ages, and in '97 I remember getting over 100 for a few days around Christmas. If I'd had the brains to speculate then, I could have made a fortune.
    People were ripping taxi drivers out of their cars for a few Baht, and hotels were only accepting hard currency.

  16. #41
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    Quote Originally Posted by Bettyboo View Post
    With all the political problems, financial losses from street riots in the capital etc, how does the baht maintain its strong position?

    I was on skype to my brother; he was watching skynews telling me how it was showing the Thai army spraying bullets at unarmed protesters who were running away... so I asked him, "How does the baht stay so high?"
    His reply, "Well, in the grand scale it's just a holiday currency, so no reason to fluctuate too much, the major factors in currency movement will be due to the opposed currency rather than the baht." He is a money dealer.

    Maybe, living in the land of smiles, we're too close to see the bigger picture?
    He makes a good point

    To an extent too the big boys are selling foreign reserves but they will reverse that and make a killing when they deem the time opportune. That's what happened in 79

  17. #42
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    Quote Originally Posted by El Gibbon
    Talking to another farang he positied: That Toxin and a web of wealthy overseas supporters were buying baht hand over fist. The idea being that when the time was ripe they would all sell immediately and crash the value. Toxin would then ride in to save the day economically.
    A very retarded estatement. the guy who told you that probably can't count lol
    lol
    Quote Originally Posted by Butterfly
    the truth is that Thailand is successful economically, the special economic zoning is doing great, and there has been massive investment, colossal, billions have been poured in the last 7 years
    Butter ass usual your connection with reality is lost. Ass we speak many companies have/are changin thailand for vietnam and other countries. In the value of a currency the last 7 years don't count ass much as last month. I am no expert just like every one here and know that these things are complicated, specially in countries where there is no transparancy in the political policies......
    But it sucks, specially sor the people depening on their pension.

  18. #43
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    Quote Originally Posted by aras
    Butter ass usual your connection with reality is lost. Ass we speak many companies have/are changin thailand for vietnam and other countries. In the value of a currency the last 7 years don't count ass much as last month.
    can you spell ? it's "as" not "ass"

    speak of lost reality, do you realize that the current currency level happens because of the last 10 yr growth, and Wednesday 19 events can't wipe that history in a single day ? or are you just simply retarded ?


    Quote Originally Posted by aras
    I am no expert just like every one here
    indeed, and reality is definitely lost on you, so look yourself in the mirror first before attempting to make humorous comments

  19. #44
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    Quote Originally Posted by aras View Post
    As we speak many companies have/are changin thailand for vietnam and other countries.
    And plenty that can't do so immediately wish they could. Vietnam just doesn't quite have the infrastructure some companies need- yet.

  20. #45
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    The Baht has strengthened again since Thursday.

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