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  1. #26
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by chitown
    Where were the high prices in 1999?
    we were in a recession in 1999

    recession gap, ever heard of it ?
    You may have been in a recession in 1999, but it was one of my best years. I never have followed the world economy much as my economy was always good.

  2. #27
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    it was a good year for everyone Chit, it was the dotboom, remember ?

    Thai were suffering though, and so Argentina and Russia

  3. #28
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    Quote Originally Posted by chitown
    In 2003 the baht was still relatively weak and there was little to no inflation, so why would you expect it now?
    it was still a recession, things started to get moving in 2005 in real terms, not only on paper, and incidentally this is when the THB got stronger and went up very fast, catching up for lost time

    also between 2002 and 2005, there was a massive inflow of farangs

  4. #29
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    Quote Originally Posted by Butterfly View Post
    it was a good year for everyone Chit, it was the dotboom, remember ?

    Thai were suffering though, and so Argentina and Russia

    Real Estate Butt, not .com's

  5. #30
    Have you got any cheese Thetyim's Avatar
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    The pound is at 47.63
    That's quite a good improvement overnight.

  6. #31
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    dollar / baht has not moved

    when is this supposed to happen ?

    I'll bring over some cash to play with

  7. #32
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    Quote Originally Posted by Blake7 View Post
    Look, it snot a one sided game of the Thais keeping their currency strong.
    Has it ever occured to you that it could be the weakness of the Euro/pound/sterling etc?
    What he said and the dollar too. Don't look for it to get better soon. Not until a total collapse of the Euro, dollar and pound.

  8. #33
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    Economics defies logic. It isn't a science.

  9. #34
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    Logically, the East has a long way to go to catch up with the West.

    Where is the enormous expense of welfare, healthcare, pensions and public services such as education in Thailand?

    Errr, nowhere.

  10. #35
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    My wife has private health insurance that allows for unlimited care in a private hospital, even if she just has a headache, and she will be paid 3,000 Baht per day, private room, and it costs 9,000 Baht every 2 months. How does that work?

    Who's paying for it?

    Wife's sister booked herself into hospital for a couple of days so she could pay the first month's premium on her new car.

    Where does the money come from?

    I'm at a loss.

  11. #36
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    Quote Originally Posted by Michael View Post
    My wife has private health insurance that allows for unlimited care in a private hospital, even if she just has a headache, and she will be paid 3,000 Baht per day, private room, and it costs 9,000 Baht every 2 months. How does that work?

    Who's paying for it?

    Wife's sister booked herself into hospital for a couple of days so she could pay the first month's premium on her new car.

    Where does the money come from?

    I'm at a loss.

    B9,000 every 2 months for health inchurance .Thats a huge amount .You can not just book yourself into a hospital either .There has got to be a good medical reason .

  12. #37
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    Quote Originally Posted by Ghandi View Post
    dollar / baht has not moved

    when is this supposed to happen ?
    Soon.
    The baht will restart his appreciation against the USD very soon.

  13. #38
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    Baht was at its lowest for over a month this morning at the Bangkok Bank.
    48 baht for notes, more for cheques etc.

  14. #39
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    48.85baht To The Pound In Uk Today

  15. #40
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    Question

    What do you mean by "drop", do I get more or less baht for my western currency?

  16. #41
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    It's around 31.5 to a dollar corp rates today.
    Should have exchanged more when it was 35 to a dollar

  17. #42
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    Quote Originally Posted by SiLeakHunt View Post
    I was being a little flipant, strong currency good for import, weak currency good for export, I've no doubt the stalls and bars in and around Sukumvit would be teaming once again were the baht to drop and the manufacturing plants that have laid people off because of dropping exports would be sporting "Situations Vacant" signs !
    Ideal case is no jobs, domestic demand tanks, weak baht: total buyers market for the farang ..... as the song goes - party like it's 1999

  18. #43
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    If you could predict F/X rates, you would not be an underpaid journalist writing articles like that.

    You'd be George Soros making $ billions and $ billions.

    That's how we know any article like this is complete and utter BS.

  19. #44
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    Currently around 48.7 to the pound.

    how come it always nose dives on payday?

  20. #45
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    George Soros doesn't predict anything. He manipulates everything. Just like Goldman Sachs and the rest. Easy to be a gambler when you are controlling the deck.

    As I said before it defies logic, therefore the obvious must be true.

  21. #46
    Thailand Expat jandajoy's Avatar
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    So what happens next?

  22. #47
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    business as usual, baht to continue rising, continued inflow of funds and another interest rate rise.

  23. #48
    Thailand Expat jandajoy's Avatar
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    Aus $ up a bit..........

  24. #49
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    Thailand's exchange rate-affected businesses urged to brace for stronger baht


    Thailand's exchange rate-affected businesses urged to brace for stronger baht


    วันอังคาร ที่ 10 ส.ค. 2553



    BANGKOK, Aug 10 – Finance Minister Korn Chatikavanij on Monday advised operators in Thailand's currency exchange rate-affected businesses to brace themselves for a further strengthening of the baht.

    Commenting on the continued baht appreciation, he said, the currency had strengthened naturally in tandem with economic growth, boosted by a substantial export increase.

    “Although the Bank of Thailand is able to manage the currency efficiently, it cannot eventually resist the market mechanism as the baht is in greater demand than the US dollar in the market,” he said.

    Under the circumstances, operators in businesses affected by the currency exchange rate business must adjust themselves so that they are able to manage their business efficiently.

    He said the government would attempt to broaden the economic base in order to boost the economic role of other sectors such as investment and local consumption to ensure a higher gross domestic product (GDP) growth.

    Such an attempt is part of the government’s strategy to reduce dependence on exports to ease the impacts of the currency exchange rate fluctuation, he added.

    The baht on Monday rose 31.93/98 to the US dollar, the highest level since mid-2008. The unit has gained some 4 per cent this year thanks to steady capital inflows. (MCOT online news)
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar

  25. #50
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    Govt will not intervene in strong Baht


    Govt will not intervene in strong Baht

    The government will not intervene in the money market to curb the rising Baht, but will monitor to prevent high volatilty, Prime Minister Abhisit Vejjajiva on Tuesday.

    Local exporters are adversely affected by the baht's appreciation as it has raised the shipping costs by 3-5 per cent, chairman of Thai National Shippers' Council said.

    Prime Minister Abhisit attributed the baht's appreciation to internal problems in western countries that had caused their currencies to weaken.

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