For the majority of my life, my income has been in US$, so I still tend to price things that way.
When I arrived here in the mid 80's we had the pretty much fixed 25:1 exchange rate. Then of course in 97 things collapsed, reaching a peak of around 50:1. Over the last 10 years that has slowly declined to 30:1 (Ok it's lower, but these numbers are easier to work with).
So how has that (and inflation) affected the price of a good night of debauchery for those of us who get their income from overseas?
(This comparison is not intended for those who regard a good night as a few beers at home with the missus, food from the market and watching a DVD. I do that as well, but still enjoy a good night out on occasion - Although since being married, the girl prices are 'here-say'
)
(All prices are averaged, as I recall them from the time)
So the 'benchmark' for this is:
1) 8 beers in a nightlife area.
2) A 'farang' meal in a decent place.
3) 4 'ladydrinks'
4) A barfine
5) Girls money
80's
----
Beers: 8 * 50 = 400 Baht
Meal: 300 Baht
Lady Drinks: 4 * 60 = 240 Baht
Barfine: 400
Girl: 500
Total: 1,840 Baht or about 73$
After the crash
---
Beers: 8 * 80 = 640 Baht
Meal: 400 Baht
Lady Drinks: 4 * 100 = 400 Baht
Barfine: 500
Girl: 1000
Total: 2,940 Baht or about 58$ (It was great to paid in $ then
)
Now
----
Beers: 8 * 150 = 1200 Baht
Meal: 600 Baht
Lady Drinks: 4 * 180 = 720 Baht
Barfine: 500
Girl: 2000
Total: 5,020 Baht or about 167$
Given the poor economy in the rest of the world, does this mean we will be seeing the end of the sex tourist market? Plus, will this then have a corresponding impact on some of the ridiculous drinks prices charged by bars nowadays?