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Lanzalad

What to believe

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Now we have the covid 19 all in question on how to handle it with restrictions putting in place making it hard for farangs to even visit Thailand.

Then its clear to see that with everything in place that the amount of farangs is probably the lowest its been in years.

They also say the money that comes in from fanangs and holiday and retirement and it means nothing to the country and its not really needed.

Then you see Falang companies feeding Thai families and doing what the government should be doing....

if the tourism and expats means so very little to them why is the arse starting to fall out  of the baht..... 

Is it just me or can others see this too..?

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Posted (edited)
2 hours ago, Lanzalad said:

if the tourism and expats means so very little to them why is the arse starting to fall out  of the baht..... 

It's an exaggeration to say the arse is falling out of the baht.

It's got a bit weaker (which is understandable considering the big loss of tourist income) but the current exchange rates are not that different to the 2020 averages for most major currencies.

Furthermore, the current balance of payments situation and total soveriegn debt for Thailand is way better than most western countries. Keep it in perspective and keep it real FFS.

 

 

 

Edited by Mr Mosquito

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1 minute ago, Mr Mosquito said:

. Keep it in perspective an keep it real FFS.

 

 

 

Any need?

 

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I'm not really sure the baht is starting to drop. It's been fluctuating between 30-33b to 1 USD since the beginning of the year. It was roughly 31.5b just prior to covid, and it's about that now.

The US could be about to put Thailand on a watchlist for manipulating its currency, the yanks are accusing them of intervening to weaken the baht. 

They are trying to be more competitive in the export market, which is much more lucrative than the tourism industry. There is more to the Thai economy than what most people think. 

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To be honest, if the lack of foreign tourists was really having a big effect on the Baht, I'd expect to see rates that were much more favourable to westerners than these (linked to from the what's your baht worth thread):

 

003.JPG

 

Of course, with the pound being screwed up by Brexit and Boris's bungling response to C19, the USD being on dodgy ground due to their truly appalling response to C19 and ongoing BLM demos, and the Euro being wobbly due to the EU's lack of cohesion, it's very hard to say. As usual with currencies in hard times, it'll be a race to the bottom.

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8 hours ago, Toy Boy said:

To be honest, if the lack of foreign tourists was really having a big effect on the Baht, I'd expect to see rates that were much more favourable to westerners than these (linked to from the what's your baht worth thread):

 

003.JPG

 

Of course, with the pound being screwed up by Brexit and Boris's bungling response to C19, the USD being on dodgy ground due to their truly appalling response to C19 and ongoing BLM demos, and the Euro being wobbly due to the EU's lack of cohesion, it's very hard to say. As usual with currencies in hard times, it'll be a race to the bottom.

Don't forget we've also just pissed off China over Huawei and Hong Kong, Russia over election meddling and oligarchs in London, Portugal our oldest ally by not putting them on air bridges link and ............. going really well in 2020. 

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4 minutes ago, nampla69 said:

Don't forget we've also just pissed off China over Huawei and Hong Kong, Russia over election meddling and oligarchs in London, Portugal our oldest ally by not putting them on air bridges link and ............. going really well in 2020. 

You appear to have missed the EU from the list!!   🙂

 

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