Jump to content

Support our Sponsors >> Thai Friendly | Pattaya News | Pattaya Unplugged | Buy a drink for Soi 6 Girls | Thailand 24/7 Forum | TPN Property | La La Land bar | NEW PA website | Subscribe to The Pattaya News |Pattaya Investigations | Rage Fight Academy | Buy/Sell Businesses | Isaan Lawyers | Siam Business Brokers | Belts Of Mongering - Mongering Authority | Add your Text or Event here

IGNORED

Thai Bhat strong as hell


iceman

Recommended Posts

What is going on with the Thai bath,it seem to getting stronger every day, with this continue teerak has to start sending

me money back home , as for me i´m keeping my bath better than i use to,   What about you guys..??

Greetings.

Link to comment
Share on other sites

  • Replies 69
  • Created
  • Last Reply

I've found little ways of cutting back on things.  I have just as much fun and I spend less money now than a couple years ago.  Just eliminate the waste in your spending.

Link to comment
Share on other sites

Well, I don't know what your putting in your baths but mine are nice a soft with salts and bubble bath liquid.

 

What is going on with the Thai bath,it seem to getting stronger every day, with this continue teerak has to start sending

me money back home , as for me i´m keeping my bath better than i use to,   What about you guys..??

Greetings.

Posted Image

Link to comment
Share on other sites

Well, I don't know what your putting in your baths but mine are nice a soft with salts and bubble bath liquid.

 

I always liked Radox powder in my bath.

Link to comment
Share on other sites

I always liked Radox powder in my bath.

 

O yes I love me some soft soft Radox

 

Radox-Essentials-Shower-Soft-Care-154966

Posted Image

Link to comment
Share on other sites

I usually book hotels with "bathtub".

 

I really miss my bath back in England, long and deep it was, happy days.

 

O yes I love me some soft soft Radox

 

Radox-Essentials-Shower-Soft-Care-154966

 

Always found the powder better for some reason ?

Link to comment
Share on other sites

I like to have my shave in it :)

Well, I don't know what your putting in your baths but mine are nice a soft with salts and bubble bath liquid.

If she aint whoring she's boring!

 

It's nice to be nice :)

Link to comment
Share on other sites

Th =T..Bath =   Baht

T = DT..Baht = Bahdt

Link to comment
Share on other sites

A serious answer to your question now that your typo has been pointed out to you.

It's not clear which is your base currency, mine is Sterling.

Thailand, as are many of the ASEAN countries, has had a very good economic performance over the last few years. Growth last year was 6.4% and growth this year is forecast to come in around 5%. Interest rates are above 2% which may not sound much but relative to US Dollar, Sterling and Euro rates it is very good. Additionally the SET (Thai stock market) is performing well and the government is actively encouraging major external capital investment.

 

All this, and a perception that the Thai political situation is relatively stable has led to a lot of investment flows into Thailand from, companies, investment managers and personal investors. Some of these funds are being moved from other markets and this lead to a demand for the Thai Baht that increased at the beginning of 2013.

Expats who are Sterling based have had a double whammy because the UK lost it's treasured AAA status and there is a strong possibility of a triple dip recession, leading to many selling sterling. We have been caught in a double pincer action. Increased demand for the baht and increased selling of the pound.

 

Now, that is not all good for Thailand because the stronger baht makes the exports of the country more expensive and there have been  government calls for interest rates to be cut to help exporters. Theses calls are hard to justify with the strong economic growth that is being reported. Inflation may become an issue as the Baht 300 per day minimum wage starts to impact prices. (My haircut has rocketed 16+% from 60 to 70 baht  :Laugh1: ) so the chances of further rate cuts (from 2.75%) from the Bank of Thailand (who are independent of the government, in theory anyway) are minimal. They predict inflation to be around 3% this year, I believe it will be higher.

 

Also bear in mind that any data for last three months of 2012 (Q4) and the forthcoming data for the first three months of 2013 (Q1) WILL be good because they are comparisons against the data  12 months previously when Thailand was suffering the after effects of the flooding.

 

Check out http://www.reuters.com/article/2013/02/18/us-thailand-economy-gdp-idUSBRE91H02W20130218 and

http://www.google.co.uk/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_cd&idim=country:THA&dl=en&hl=en&q=thai%20gdp

 

Will the situation continue?

As I write £/β is around 44.00 on the interbank market and around town last night most exchange booths were giving about 43.30 for cash and 44.40 for travellers cheques. IMHO I doubt the exchange rate is going to get back up to the 49.00 level anytime soon and I have stopped using the psychological  50.00 exchange rate in my mental arithmetic. Having said that, good economic data from Thailand will be diluted as the "flood" factors are removed. As things stand and all other factors remaining equal I expect the rate to stabilise around the £/β 46.00 interbank level by the end of the year. That said, this weeks huge capital expenditure program that was approved by government and the "Rice Mountain" will weigh on the economy and could help us British falangs further down the road.

 

Now, 100 times, Baht not Bath! :GoldenSmile1:

Live for the moment. Tomorrow may not come.

Link to comment
Share on other sites

A serious answer to your question now that your typo has been pointed out to you.

It's not clear which is your base currency, mine is Sterling.

Thailand, as are many of the ASEAN countries, has had a very good economic performance over the last few years. Growth last year was 6.4% and growth this year is forecast to come in around 5%. Interest rates are above 2% which may not sound much but relative to US Dollar, Sterling and Euro rates it is very good. Additionally the SET (Thai stock market) is performing well and the government is actively encouraging major external capital investment.

 

All this, and a perception that the Thai political situation is relatively stable has led to a lot of investment flows into Thailand from, companies, investment managers and personal investors. Some of these funds are being moved from other markets and this lead to a demand for the Thai Baht that increased at the beginning of 2013.

Expats who are Sterling based have had a double whammy because the UK lost it's treasured AAA status and there is a strong possibility of a triple dip recession, leading to many selling sterling. We have been caught in a double pincer action. Increased demand for the baht and increased selling of the pound.

 

Now, that is not all good for Thailand because the stronger baht makes the exports of the country more expensive and there have been  government calls for interest rates to be cut to help exporters. Theses calls are hard to justify with the strong economic growth that is being reported. Inflation may become an issue as the Baht 300 per day minimum wage starts to impact prices. (My haircut has rocketed 16+% from 60 to 70 baht  :Laugh1: ) so the chances of further rate cuts (from 2.75%) from the Bank of Thailand (who are independent of the government, in theory anyway) are minimal. They predict inflation to be around 3% this year, I believe it will be higher.

 

Also bear in mind that any data for last three months of 2012 (Q4) and the forthcoming data for the first three months of 2013 (Q1) WILL be good because they are comparisons against the data  12 months previously when Thailand was suffering the after effects of the flooding.

 

Check out http://www.reuters.com/article/2013/02/18/us-thailand-economy-gdp-idUSBRE91H02W20130218 and

http://www.google.co.uk/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_cd&idim=country:THA&dl=en&hl=en&q=thai%20gdp

 

Will the situation continue?

As I write £/β is around 44.00 on the interbank market and around town last night most exchange booths were giving about 43.30 for cash and 44.40 for travellers cheques. IMHO I doubt the exchange rate is going to get back up to the 49.00 level anytime soon and I have stopped using the psychological  50.00 exchange rate in my mental arithmetic. Having said that, good economic data from Thailand will be diluted as the "flood" factors are removed. As things stand and all other factors remaining equal I expect the rate to stabilise around the £/β 46.00 interbank level by the end of the year. That said, this weeks huge capital expenditure program that was approved by government and the "Rice Mountain" will weigh on the economy and could help us British falangs further down the road.

 

Now, 100 times, Baht not Bath! :GoldenSmile1:

i think i perferred it ==when they were taken the piss !

Link to comment
Share on other sites

Well positive thread just went boring again.

 

A serious answer 

 

Now, 100 times, Baht not Bath! :GoldenSmile1:

Posted Image

Link to comment
Share on other sites

Well positive thread just went boring again.

That does it!

Time for another bath then.

 

Seriously though..I have a lot of baths at home and usually cruise on PA.

One of these days I'm going to drop my iPhone into it.

My Youtube Channel about everything Thailand - TravInThailand


Link to comment
Share on other sites

That does it!

Time for another bath then.

 

Seriously though..I have a lot of baths at home and usually cruise on PA.

One of these days I'm going to drop my iPhone into it.

 

Haha, I never have baths here I'm to tall to fit into most. Do enjoy a good spa  bath with a thai girl tho  :GoldenSmile1:

Posted Image

Link to comment
Share on other sites

Blah blah blah I remember when the Baht was 45 to the dollar blah blah blah.

Link to comment
Share on other sites

Blah blah blah I remember when the Baht was 45 to the dollar blah blah blah.

  

I remember when we used to have to walk 10 kilometers in the snow barefoot to go to school!

 

This is the best post of March.

Hilarious!

 

Now where can I get me one of these strong baths?

My Youtube Channel about everything Thailand - TravInThailand


Link to comment
Share on other sites

  

I remember when we used to have to walk 10 kilometers in the snow barefoot to go to school!

 

This is the best post of March.

Hilarious!

 

Now where can I get me one of these strong baths?

motivator8463f0a7f8260a488052c0112ca6995bc184b6a3.jpg

Posted Image

Link to comment
Share on other sites

  

I remember when we used to have to walk 10 kilometers in the snow barefoot to go to school!

 

 

You forgot we walked uphill both ways!

Link to comment
Share on other sites

I were down the pits at 14 I will tell you.

Breakfast was licking the frost off the road?

After getting up so early and working so late, used to pass myself on the road.

 

Jeez laddies I could tell you somethings..........

So you want to live in Isaan?   Tale of a journey started 1973 with a stepfather, arrive 2004, "Wife in Issan" 2017.......    ..            An unplanned, unknown and unforeseen  journey spanning 51 years ending well  !!

I've .... seen things ..... you people would never believe...............

image.png.6eb5df3c4b99a4189996c2a21d8f14af.png

Link to comment
Share on other sites

A serious answer to your question now that your typo has been pointed out to you.

It's not clear which is your base currency, mine is Sterling.

Thailand, as are many of the ASEAN countries, has had a very good economic performance over the last few years. Growth last year was 6.4% and growth this year is forecast to come in around 5%. Interest rates are above 2% which may not sound much but relative to US Dollar, Sterling and Euro rates it is very good. Additionally the SET (Thai stock market) is performing well and the government is actively encouraging major external capital investment.

 

All this, and a perception that the Thai political situation is relatively stable has led to a lot of investment flows into Thailand from, companies, investment managers and personal investors. Some of these funds are being moved from other markets and this lead to a demand for the Thai Baht that increased at the beginning of 2013.

Expats who are Sterling based have had a double whammy because the UK lost it's treasured AAA status and there is a strong possibility of a triple dip recession, leading to many selling sterling. We have been caught in a double pincer action. Increased demand for the baht and increased selling of the pound.

 

Now, that is not all good for Thailand because the stronger baht makes the exports of the country more expensive and there have been  government calls for interest rates to be cut to help exporters. Theses calls are hard to justify with the strong economic growth that is being reported. Inflation may become an issue as the Baht 300 per day minimum wage starts to impact prices. (My haircut has rocketed 16+% from 60 to 70 baht  :Laugh1: ) so the chances of further rate cuts (from 2.75%) from the Bank of Thailand (who are independent of the government, in theory anyway) are minimal. They predict inflation to be around 3% this year, I believe it will be higher.

 

Also bear in mind that any data for last three months of 2012 (Q4) and the forthcoming data for the first three months of 2013 (Q1) WILL be good because they are comparisons against the data  12 months previously when Thailand was suffering the after effects of the flooding.

 

Check out http://www.reuters.com/article/2013/02/18/us-thailand-economy-gdp-idUSBRE91H02W20130218 and

http://www.google.co.uk/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_cd&idim=country:THA&dl=en&hl=en&q=thai%20gdp

 

Will the situation continue?

As I write £/β is around 44.00 on the interbank market and around town last night most exchange booths were giving about 43.30 for cash and 44.40 for travellers cheques. IMHO I doubt the exchange rate is going to get back up to the 49.00 level anytime soon and I have stopped using the psychological  50.00 exchange rate in my mental arithmetic. Having said that, good economic data from Thailand will be diluted as the "flood" factors are removed. As things stand and all other factors remaining equal I expect the rate to stabilise around the £/β 46.00 interbank level by the end of the year. That said, this weeks huge capital expenditure program that was approved by government and the "Rice Mountain" will weigh on the economy and could help us British falangs further down the road.

 

Now, 100 times, Baht not Bath! :GoldenSmile1:

Good job with your write up. It is right on.

Link to comment
Share on other sites

As an expat it has made a big difference, when you now think everything you buy is 10% more expensive. I have looked at many ways to cut back. I hope it recovers soon, but I doubt it.

 

I was talking to a Dane last night, they have been hit badly also

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.




  • COVID-19

    Any posts or topics which the moderation team deems to be rumours/speculatiom, conspiracy theory, scaremongering, deliberately misleading or has been posted to deliberately distort information will be removed - as will BMs repeatedly doing so. Existing rules also apply.

  • Advertise on Pattaya Addicts
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.