Page 90 of 179 FirstFirst ... 40808283848586878889909192939495969798100140 ... LastLast
Results 2,226 to 2,250 of 4461
  1. #2226
    Thailand Expat
    Mendip's Avatar
    Join Date
    Apr 2019
    Last Online
    Today @ 04:07 AM
    Location
    Korat
    Posts
    10,710
    37.25!

    Yeeha!

    No stopping it now!

  2. #2227
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  3. #2228
    Member elche's Avatar
    Join Date
    Oct 2009
    Last Online
    19-09-2021 @ 01:19 AM
    Posts
    974
    My favourite is "it'll make a comeback" When? In 10 years?

  4. #2229
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    12,009
    The £ could be experiencing not just a rough patch allowing it to recover in 5-10 years but a new level.

    Not even the key players know. Meanwhile a retired economist mate got it consistently wrong at several key points since Brexit, lost a bundle which fortunately he can afford, and with a bruised ego has now surrendered to sit on mostly cash looking for somewhere to park it; must say I was flattered when he suggested crypto.

  5. #2230
    Thailand Expat Pragmatic's Avatar
    Join Date
    Mar 2013
    Last Online
    @
    Location
    Last but who gives a shit.
    Posts
    13,287
    Quote Originally Posted by elche View Post
    My favourite is "it'll make a comeback" When? In 10 years?
    Does it matter? When I came here I got warned not to bring my monies here but to leave it in the UK. I'm not a clever chappie but I chose to ignore that rule and brought my monies over and stuck it in a fixed term account in the Bangkok Bank, rates were good then. Then after the financial crisis of 2000 and sum fin, when interest rates were shit, I was advised by a Thai to put my money in a 'Credit Union' fixed term. The one I invested in pays 6% fixed term to Thais. Whereas farang can't have but can put it in an ordinary saving account that pays 4% without any loss if withdrawals are made. Obviously the fixed term account is in my wife's name.
    Last edited by Pragmatic; 21-08-2019 at 10:05 AM.

  6. #2231
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    17,203
    Thai Economy Weakens, With a Twist: The Baht’s Too Strong
    by Daniel Moss Bloomberg





    (Bloomberg Opinion) -- The policy torpor in Bangkok is over. After sitting out interest-rate cuts and growth warnings that have swept both the developed world and emerging markets for most of the year, Thai authorities are getting anxious. If this unlikely haven, which lit the fuse of the Asian crisis two decades ago, is now fretting, everyone should be concerned.

    This month's unexpected rate cut by the Bank of Thailand jolted observers who had become used to Thai policymakers not being much inclined to touch borrowing costs. The step was the exclamation point on a trio of surprise reductions across Asia on Aug. 7. Officials have signaled that they’re open to further easing, perhaps in conjunction with some kind of fiscal package.
    This is welcome. The radio silence was starting to resemble passivity.

    To underscore that the slowdown has arrived in the Southeast Asian country, recently released figures showed the economy grew 2.3% from a year ago, the least in almost five years. Expansion for 2019 will be between 2.7% and 3.2%, the government reckons, down from a previous projection of as much as 3.8%. For good measure, the central bank foreshadowed cuts to its own forecast, a strong hint that further stimulus is in the works. Far from a 1990s-style disaster, but not good.

    That mirrors a wider view of Asia's circumstances and, for that matter, the world. While individual countries teeter on recession, a global contraction isn't likely. Policy is being re-calibrated before the hit to the economy becomes dire. Unlike Asia in 1997-98 and the West a decade later, the banking system is considered relatively sound and floating currencies mean nations are less likely to destroy reserves propping up artificial exchange rates.

    No two downdrafts are the same and most disrespect borders. This slowdown has distinctly Chinese characteristics. Two decades ago, China's economy was growing fast but still a relative minnow; today, it is the world’s second largest and figures in all calculations. That's reflected in how the Washington-Beijing trade tussle buffets Asian and global markets and erodes business confidence. If China slows, so does pretty much everyone.
    In Thailand, it's inflicting an additional casualty: the tourism industry, which authorities had tipped to have a bumper 2019. One of the big stories in the past few years has been the boom in arrivals from China and its impact on leisure hot spots like Thailand and the Philippines. Chinese tourists account for about 30 percent of all visitors, according to Capital Economics.

    One twist on Thailand's predicament is that officials think the baht is too strong. The currency’s plunge in 1997 ignited a broader Asian meltdown, but lately it has been having a stellar run. It’s the best performing play against the dollar in the past 12 months, according to data compiled by Bloomberg, gaining about 6.5%. The South Korean won, Malaysian ringgit, the Taiwan and Singapore dollars have retreated, albeit not dramatically.
    The idea of the baht as a storm shelter seems to alarm the Bank of Thailand. Last month, it placed restrictions on non-resident baht accounts, signaling unease about the pace of capital inflows and their effect on economic competitiveness.

    The baht’s vigor figured in deliberations about August’s rate cut, minutes show. An earlier generation of Thai economic stewards would have killed for this problem. They tried to prop up the currency before being forced to abandon their efforts and let it tumble, calling in a rescue from the International Monetary Fund. This time, it’s the baht’s inclination toward strength that bothers them. Observers generally attribute the baht's rude health to a current-account surplus and plenty of foreign reserves. I find this explanation too evergreen. It's fair to wonder how long the baht can defy economic gravity.

    Bangkok is right to acknowledge the weaker broader environment and to take steps to address it. With luck, policymakers might even take the baht down a rung or two. You don’t have to be a history buff to appreciate the irony.
    Majestically enthroned amid the vulgar herd

  7. #2232
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  8. #2233
    Thailand Expat
    Join Date
    Oct 2015
    Last Online
    16-07-2021 @ 10:31 PM
    Posts
    14,636
    Quote Originally Posted by Mendip View Post
    37.25!

    Yeeha!

    No stopping it now!
    it's party time !!!

    meanwhile the EUR down to below 34 !!!

  9. #2234
    I'm in Jail

    Join Date
    Jan 2010
    Last Online
    25-02-2024 @ 11:45 PM
    Posts
    11,602
    Christ the GBP is rocketting - on the advice of sage sausages and his cataclysmic predictions of 5 THB to £1 i moved my entire life savings across at 36.9, i am now signing up to go fund me and learning to play guitar - pray for me Syb.

  10. #2235
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  11. #2236
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  12. #2237
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  13. #2238
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    17,203
    Calls Grow for Another Thai Rate Cut as Baht Surge Dims Outlook

    By Natnicha Chuwiruch
    August 28, 2019, 4:00 AM GMT+7

    Thai industry, under pressure from currency strength and the impact of the U.S.-China trade standoff, is looking to the Bank of Thailand for an economic lifeline.

    Another quarter-point interest-rate cut would be “good for the baht and the economy,” Federation of Thai Industries Chairman Supant Mongkolsuthree said in an interview Tuesday, adding the domestic economy isn’t very strong. The federation is one the country’s largest trade associations, representing about 12,000 members.

    Thailand’s tourism and exports reliant economy expanded last quarter at the slowest pace in almost five years. The government this month unveiled a stimulus package worth over $10 billion and the central bank unexpectedly lowered borrowing costs to 1.5% from 1.75% to prop up growth.




    The Bank of Thailand is likely to cut interest rates to 1.25% in the fourth quarter, according to a Bloomberg News survey of 32 economists conducted from Aug. 19 to Aug. 26.

    Exporters often cite 32 baht to the dollar as an acceptable level for the currency, according to Supant.
    The baht was trading at 30.57 to the dollar as of 6 p.m. Tuesday in Bangkok. It’s appreciated more than 6% this year, the strongest performer in a basket of emerging-market currencies tracked by Bloomberg.

  14. #2239
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht1-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht1-jpg  

  15. #2240
    Thailand Expat
    Mendip's Avatar
    Join Date
    Apr 2019
    Last Online
    Today @ 04:07 AM
    Location
    Korat
    Posts
    10,710
    Great, thanks for that!

  16. #2241
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  17. #2242
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Boris Johnson
    Guy Fawkes
    What have they in common

    Thai Baht Rates .-gettyimages-78945501-612x612-jpg
    The £1 is Foooooooooooked
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-gettyimages-78945501-612x612-jpg  

  18. #2243
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  19. #2244
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Oh Fook the £1 is gone

    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  20. #2245
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

  21. #2246
    Thailand Expat
    Join Date
    Oct 2015
    Last Online
    16-07-2021 @ 10:31 PM
    Posts
    14,636
    damn, GBP crashing again

    33, is that the USD or the EUR?????? holly shit !!!!

  22. #2247
    Banned

    Join Date
    Apr 2019
    Last Online
    03-09-2019 @ 08:19 PM
    Posts
    76
    Rooted is the technical term for the farang money.

  23. #2248
    R.I.P. Luigi's Avatar
    Join Date
    Dec 2014
    Last Online
    @
    Location
    Abuja
    Posts
    26,213
    Quote Originally Posted by Jordon View Post
    Rooted is the technical term for the farang money.
    Meanwhile BTC is up nearly double figures today.

  24. #2249
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    12,009
    Quote Originally Posted by Luigi View Post
    Meanwhile BTC is up nearly double figures today.
    I want it to break out of £5-15k, either way...looks like a long wait.

  25. #2250
    Thailand Expat
    snakeeyes's Avatar
    Join Date
    Apr 2011
    Last Online
    @
    Location
    pattaya
    Posts
    9,524
    Thai Baht Rates .-baht-jpg
    Attached Thumbnails Attached Thumbnails Thai Baht Rates .-baht-jpg  

Page 90 of 179 FirstFirst ... 40808283848586878889909192939495969798100140 ... LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •