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  1. #2301
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    EUR to 32? Holly FOOKING SHIT !!!!

  2. #2302
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    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  3. #2303
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    My prediction of 38 is looking a long way off ...

  4. #2304
    Thailand Expat tomcat's Avatar
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    The Baht Is ‘Frightening’ Thailand’s Tourism Industry
    By Randy Thanthong-Knight (Bloomberg)
    September 30, 2019, 2:49 PM GMT+7

    • Tourism Council of Thailand says currency weighing on sector
    • Council adds arrivals may fall short of expected 40 million



    Tourists visit the Wat Rong Khun temple in Chiang Rai, Thailand. Photographer: Brent Lewin/Bloomberg

    One of the main groups monitoring Thailand’s tourism industry said it’s too early to expect a revival in the sector despite a recent spike in arrivals.

    The strength of the baht is the biggest impediment to wooing more holidaymakers, the Tourism Council of Thailand said Monday. It revised down its estimate for foreign tourist numbers to 39.7 million this year, from an earlier projection of more than 40 million.

    “It’s frightening to see the baht so close to 30 to a dollar,” Chairat Trirattanajarasporn, president of the council, said in a briefing in Bangkok. “It’s the key reason for arrivals and receipts growth being lower than expected.”



    Tourism accounts for a about a fifth of Thai gross domestic product. Chinese visitors are key and topped 1 million in August for the first time in six months. But the currency makes it difficult to say a revival is definitely underway, according to the council.

    The baht has strengthened more than 6% against the dollar so far this year, the best performer in a basket of Asian currencies tracked by Bloomberg. It was trading at 30.566 as of 2:45 p.m. in Bangkok.
    The appreciation poses a challenge for the trade-led economy, whose growth is forecast to cool to a five-year low in 2019.

    Thailand has implemented visa-fee waivers to attract travelers, and the council said it was in talks with officials about whether more steps are needed.
    The industry body expects foreign tourism receipts of 1.95 trillion baht ($64 billion) this year, less than an earlier estimate of more than 2 trillion baht.

    “It’s not a very positive picture ahead,” said Supawan Tanomkieatipume, president of the Thai Hotels Association. “We’re losing our competitiveness as the baht gains more than the currencies of our neighboring countries.”
    Majestically enthroned amid the vulgar herd

  5. #2305
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    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  6. #2306
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    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-image-jpg  
    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  7. #2307
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    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  8. #2308
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    CURRENCY BUYING SELLING
    USD(L) 30.47 30.75
    EUR(L) 33.35 33.60
    GBP(L) 37.47 37.85
    AUD 20.42 20.70
    RUB 0.468 0.483
    CNY(L) 4.240 4.320
    CONVERTER

    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  9. #2309
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    33.33 to eur??? Wtf??????

  10. #2310
    Thailand Expat lom's Avatar
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    ^ You forgot to short it?
    May the bridges I burn light my way

  11. #2311
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    Time to short the THB, how long can that circus go?

  12. #2312
    Thailand Expat lom's Avatar
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    ^ Coward
    May the bridges I burn light my way

  13. #2313
    Thailand Expat tomcat's Avatar
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    Thailand’s Surging Baht Shatters Expat Dreams of Easy Retirement

    By Randy Thanthong-Knight and Yumi Teso (Bloomberg) October 4, 2019


    • Thai currency is strongest performer in Asia this year
    • Nation popular with foreign retirees but baht is hurting


    Brian Maxey moved to Thailand from the U.K. 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.

    “It was a cheap place to live then,” Maxey said in an interview in the coastal city of Pattaya, which is popular with European retirees. “It’s not anymore.”

    The pressure on foreign pensioners is just one example of how the baht’s sharp appreciation is rippling through Thailand. The currency is the world’s top-performer against the dollar over five years, hurting export competitiveness and putting the economy on course for the weakest growth since 2014.

    The Thai government issued almost 80,000 retirement visas last year, a climb of 30% from 2014. To qualify, foreigners must show a deposit of 800,000 baht ($26,176) in a Thai bank or have a monthly income of 65,000 baht. Another route is to have income and deposits totaling 800,000 baht combined.
    Britons accounted for the largest number of retirement visas in 2018, Immigration Bureau data shows. They were followed by Americans, Germans, Chinese and Swiss pensioners seeking affordable, sun-dappled golden years.

    Once best known for crashing and sparking the 1997 Asian financial crisis, the baht is today seen as a haven by global investors. A trade surplus and annual foreign tourism receipts exceeding $60 billion underpin its resilience.
    The currency has appreciated more than 6% against the dollar so far in 2019, the best performer in a basket of Asian economies tracked by Bloomberg.

    It’s likely to stay resilient, said Masakatsu Fukaya, an emerging-market currency trader at Mizuho Bank Ltd. in Tokyo. There could be more upward pressure if firms relocate production to Thailand to skirt U.S. tariffs on China-made products, according to Fukaya.

    Some pensioners are already voting with their feet, according to Niels Colov, who moved from Denmark about 40 years ago and helps to organize a club for expats in Pattaya.


    “There’s an exodus of foreigners from this area to Vietnam, Cambodia and the Philippines,” he said. “We’re talking thousands of people.”
    Some of those remaining may have to cut back spending, said Christian Foerster, an Austrian who retired to Thailand 20 years ago.
    “There’s an enormous change,” he said. “Everything is more expensive. But it’s about adjusting, adapting and living modestly.”

    At the same time, the cost of living in Thailand remains lower than in developed nations such as the U.S. or in Europe, and officials continue to promote it as a retirement destination.
    Baht strength leaves Pattaya retiree Maxey’s 1,000-pound ($1,229) pension far short of the minimum monthly requirement. As a result, he maintains the equivalent of a 22,000-pound deposit to satisfy the bank savings rule when renewing his visa.

    “That’s a lot of money to hold in a bank account that you can’t touch,” Maxey said, while adding he wants to stay on in Thailand despite the difficulties as he’s settled in the country.
    Majestically enthroned amid the vulgar herd

  14. #2314
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    plenty of alternatives, and yet expats get stuck here by their own stubborn mentality

  15. #2315
    Thailand Expat cyrille's Avatar
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    It's amusing how up themselves some people can get just because they've left.

  16. #2316
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    how you are struggling with the high THB Cecilia? work extra hours, or do 'off the book' homework for call center boys

  17. #2317
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    Quote Originally Posted by cyrille View Post
    It's amusing how up themselves some people can get just because they've left.
    nothing to do with upping yourself, only a marooned expat would feel that way, but more about common sense and not being stuck in only one place like old people in a small English village

  18. #2318
    Thailand Expat lom's Avatar
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    Quote Originally Posted by Dragonfly View Post
    more about common sense and not being stuck in only one place like old people in a small English village
    Is it so much better to be back on square one in a small European country?
    May the bridges I burn light my way

  19. #2319
    Thailand Expat AntRobertson's Avatar
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    High Baht low NZD... Pretty happy at the moment with Xmas coming up

    Edit: Oops, managed to post that in the wrong thread.

  20. #2320
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    Quote Originally Posted by lom View Post
    Is it so much better to be back on square one in a small European country?
    granted, returning to a small English village full of chavs and old people could be defined as a nightmare and hell on earth

  21. #2321
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    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  22. #2322
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    And still the pound falls...

    What's the feeling, is a no deal, worst case, already built in to the worth (or lack of) the pound, or is it likely to fall even further?

  23. #2323
    Thailand Expat lom's Avatar
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    Quote Originally Posted by Mendip View Post
    What's the feeling, is a no deal, worst case, already built in to the worth (or lack of) the pound, or is it likely to fall even further?
    The pound being able to hold at the current level is due to hope that a no-deal is off the table and Brexit with a deal will strengthen the pound slightly.
    A no-deal Brexit will send the pound into free fall for a time and where it levels out is written in the stars, a revoke will have the opposite effect.
    May the bridges I burn light my way

  24. #2324
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    Going going nearly gone

    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  25. #2325
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    CURRENCY BUYING SELLING
    USD(L) 30.34 30.65
    EUR(L) 33.28 33.55
    GBP(L) 37.39 37.85
    AUD 20.47 20.65
    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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