Sir_Fondles Posted August 2, 2019 Share Posted August 2, 2019 You are of course restricted in taking your money out of Thailand as in 22 years there is some appreciation. Sent from my SM-J610F using TapatalkWhat's the restriction ?Sent from my SM-G950F using Tapatalk Link to comment Share on other sites More sharing options...
Captain_B Posted August 2, 2019 Share Posted August 2, 2019 What's the restriction ?Sent from my SM-G950F using TapatalkAs I understand it, you can take the original purchase fee plus an allowance for annual appreciation, but the house has gone up in value far in excess of the small annual allowance. But anyway, I will just be releasing funds to live on. I understand the above comment about losing assets but like I said, none of us are here forever. Sent from my SM-J610F using Tapatalk Link to comment Share on other sites More sharing options...
fforest Posted August 2, 2019 Share Posted August 2, 2019 (edited) I just went past a currency booth and the pound was going for 37.07......Man this is just shit......My new rates I am going to pay are ST 600 LT 1000 NO EXCEPTIONS..... And if the girls complain I will just break out the currency charts...lol Edited August 2, 2019 by fforest 4 Link to comment Share on other sites More sharing options...
Toy Boy Posted August 2, 2019 Share Posted August 2, 2019 Jeez, and right after six bombs go off in Bangkok while Mike Pompeo is visiting. It's not just the bullet-proof Baht, the bloody currency's bomb-proof too! 2 Link to comment Share on other sites More sharing options...
Sir_Fondles Posted August 2, 2019 Share Posted August 2, 2019 14 hours ago, Captain_B said: As I understand it, you can take the original purchase fee plus an allowance for annual appreciation, but the house has gone up in value far in excess of the small annual allowance. But anyway, I will just be releasing funds to live on. I understand the above comment about losing assets but like I said, none of us are here forever. Sent from my SM-J610F using Tapatalk Thanks, never knew the profits from the sale of a house had to stay in country..... Another whacky Thailand rule/law !! Link to comment Share on other sites More sharing options...
Stillearly Posted August 8, 2019 Share Posted August 8, 2019 Thai Baht rate cut not made much difference, GBPTHB will be about 37.25 at TT 1 Link to comment Share on other sites More sharing options...
Pumpuynarak Posted August 9, 2019 Share Posted August 9, 2019 On 8/2/2019 at 3:30 PM, Captain_B said: As I understand it, you can take the original purchase fee plus an allowance for annual appreciation, but the house has gone up in value far in excess of the small annual allowance. But anyway, I will just be releasing funds to live on. I understand the above comment about losing assets but like I said, none of us are here forever. Sent from my SM-J610F using Tapatalk On 8/3/2019 at 6:23 AM, Sir_Fondles said: Thanks, never knew the profits from the sale of a house had to stay in country..... Another whacky Thailand rule/law !! Well i had a farang couple of friends here in Korat and they sold their bungalow * for 2.5M having paid 1.5M for it to be built 10 years ago, they banked with the Bank of China, its where they deposited their 1.6M for their retirement extensions. They were allowed to repatriate all the dosh back to the UK and made a handsome profit cos the exchange rate had gone from 65bht to 45bht. * They could'nt own the house/land as farangs but they put it in the name of a very close Thai friend, maybe that is what allowed them to do it. Link to comment Share on other sites More sharing options...
Steelers4Life Posted August 9, 2019 Share Posted August 9, 2019 1 Link to comment Share on other sites More sharing options...
Thai Spice Posted August 9, 2019 Share Posted August 9, 2019 I am using my HKD to fund my kids schooling, and now the UNI for son #2 Cost me more and more each year in HKD as it is pegged to the USD.... Wouldn't be better if I used my Euros...😪😪😪 1 Link to comment Share on other sites More sharing options...
fforest Posted August 9, 2019 Share Posted August 9, 2019 The New Zealand dollar cracked 20 and is now 19.xx to the baht... Link to comment Share on other sites More sharing options...
fforest Posted August 9, 2019 Share Posted August 9, 2019 Link to comment Share on other sites More sharing options...
KhunDon Posted August 9, 2019 Share Posted August 9, 2019 Well the wife and son touched down in Swampy a couple of hours ago. Have to wait and see what she gets for the £10 spending money I gave. 🤔 4 Link to comment Share on other sites More sharing options...
RR007 Posted August 9, 2019 Share Posted August 9, 2019 Sub 37 in last 10 minutes now Link to comment Share on other sites More sharing options...
john1000 Posted August 9, 2019 Share Posted August 9, 2019 Just now, RR007 said: Sub 37 in last 10 minutes now 17 hours ago, Stillearly said: Thai Baht rate cut not made much difference, GBPTHB will be about 37.25 at TT No it wont as seen by the markets as strategy as opposed to a reflection of the economy. To compound that, more investors are dumping investments into Thailand as China trade issues with the US roll on. Link to comment Share on other sites More sharing options...
fforest Posted August 9, 2019 Share Posted August 9, 2019 (edited) 4 hours ago, john1000 said: No it wont as seen by the markets as strategy as opposed to a reflection of the economy. To compound that, more investors are dumping investments into Thailand as China trade issues with the US roll on. The mass industrialization of SE Asia has been planned since the Chinas Road or Belt intuitive got rolling....But I am not so sure Thai people will be ok with becoming factory slaves by the millions..... Edited August 9, 2019 by fforest Link to comment Share on other sites More sharing options...
Pumpuynarak Posted August 9, 2019 Share Posted August 9, 2019 (edited) 2 hours ago, RR007 said: Sub 37 in last 10 minutes now Just looked on TW 37.10 😟 Edited August 9, 2019 by Pumpuynarak Link to comment Share on other sites More sharing options...
RR007 Posted August 9, 2019 Share Posted August 9, 2019 1 hour ago, Pumpuynarak said: Just looked on TW 37.10 😟 Yeah TW is interbank so the absolute highest possible I dread to think what TT exchanges will be weekend shutdown as they normally knock it down a lot more than the normal 20 Satang weekdays spread Link to comment Share on other sites More sharing options...
Odense Posted August 9, 2019 Share Posted August 9, 2019 30 minutes ago, RR007 said: Yeah TW is interbank so the absolute highest possible I dread to think what TT exchanges will be weekend shutdown as they normally knock it down a lot more than the normal 20 Satang weekdays spread How big a gap is there between interbank and TT rates? If it is more than 1.5 or 2 % it would smart for me to pay as much as possible with my MC. Link to comment Share on other sites More sharing options...
Odense Posted August 9, 2019 Share Posted August 9, 2019 12 hours ago, Thai Spice said: I am using my HKD to fund my kids schooling, and now the UNI for son #2 Cost me more and more each year in HKD as it is pegged to the USD.... Wouldn't be better if I used my Euros...😪😪😪 You are lucky it is not tied to the Euro 😄 1 Link to comment Share on other sites More sharing options...
fforest Posted August 9, 2019 Share Posted August 9, 2019 Tonight 1 Link to comment Share on other sites More sharing options...
RR007 Posted August 9, 2019 Share Posted August 9, 2019 30 minutes ago, Odense said: How big a gap is there between interbank and TT rates? If it is more than 1.5 or 2 % it would smart for me to pay as much as possible with my MC. TT (as in yellow TT exchanges) are normally from experience around 20-22 Satang lower than interbank but that will always depend on how often the rates are changed. If you catch them changing the numbers live than yes 20-22 Satang ish but within 10 minutes that could have changed a fair bit so its only a guideline 1 Link to comment Share on other sites More sharing options...
RR007 Posted August 9, 2019 Share Posted August 9, 2019 2 minutes ago, fforest said: Tonight just utterly savage numbers for everyone Link to comment Share on other sites More sharing options...
john1000 Posted August 9, 2019 Share Posted August 9, 2019 3 hours ago, RR007 said: just utterly savage numbers for everyone Yea, I really hope that this is temporary re Brexit, US-China trade issues which should get resolved. I certainly don't want a break and have to watch day to day spending closely. Link to comment Share on other sites More sharing options...
farangme Posted August 9, 2019 Share Posted August 9, 2019 36.90...GULP. Oh you can take money out of Thailand easy. Just use the Thai banks visa or debit card back Home. Can take £1000 out a day here in the UK. Link to comment Share on other sites More sharing options...
farangme Posted August 9, 2019 Share Posted August 9, 2019 On 8/2/2019 at 10:38 AM, fforest said: I just went past a currency booth and the pound was going for 37.07......Man this is just shit......My new rates I am going to pay are ST 600 LT 1000 NO EXCEPTIONS..... And if the girls complain I will just break out the currency charts...lol You're better breaking out connect 4. If you win it's 1000 long time. If She wins its 2000. Showing exchange rates to a Thai is like showing a photo of the milky way to a tortoise. 1 3 Link to comment Share on other sites More sharing options...
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