just seen the dollar is 29, GBP 47 and euro 39 to the THB
will it contunie to drop, will we see 25 USD to the THB and 40 GBP to the THB?
if it carries on like this people will not be able to afford to come here
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Will The Euro / Usd And Gbp Keep Falling?
Started by Boater, 2010-09-03 10:37
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29 replies to this topic
#2
Titanium Member Posted 2010-09-03 10:46:53
Bangkok Bank present. 30.74 USD 47.26 GBP 39.36 EUR down down down.
#3
Senior Member Posted 2010-09-03 11:15:57
I have been waiting months to change 8000 GBP to bht wish id done it 2 weeks ago when GBP hit 52 money low now changing up 200 gbp every time dont think we will see 52 again this year...........
#4
Senior Member Posted 2010-09-03 11:30:05
60 by year end thats a certainty. There was a certain amount of optimism about a month ago as typified by the above, but it seems to have petered out. #5
Super Member Posted 2010-09-03 11:31:18
Plenty of 'experts' on this topic, don't really think another is required
http://www.thaivisa....ound-go-higher/ http://www.thaivisa....n-fund-inflows/ http://www.thaivisa....93893-the-euro/ http://www.thaivisa....only-way-is-up/ http://www.thaivisa....llar-free-fall/ http://www.thaivisa....at-is-going-on/ That was just the first few from my search, but I think it proves the point 
#6
Senior Member Posted 2010-09-03 12:07:57
Plenty of 'experts' on this topic, don't really think another is required http://www.thaivisa....ound-go-higher/ http://www.thaivisa....n-fund-inflows/ http://www.thaivisa....93893-the-euro/ http://www.thaivisa....only-way-is-up/ http://www.thaivisa....llar-free-fall/ http://www.thaivisa....at-is-going-on/ That was just the first few from my search, but I think it proves the point i hate it when people do this what are you saying its all been talked about before we are not allowed to discuss it again...... #7
Super Member Posted 2010-09-03 12:50:10
Plenty of 'experts' on this topic, don't really think another is required http://www.thaivisa....ound-go-higher/ http://www.thaivisa....n-fund-inflows/ http://www.thaivisa....93893-the-euro/ http://www.thaivisa....only-way-is-up/ http://www.thaivisa....llar-free-fall/ http://www.thaivisa....at-is-going-on/ That was just the first few from my search, but I think it proves the point i hate it when people do this what are you saying its all been talked about before we are not allowed to discuss it again...... No not at all, just that these are all ongoing threads, and they all say the same thing. It seems a bit pointless therefore to start a new thread so everyone can say the same thing, again, IMHO. #8
Super Member Posted 2010-09-03 13:06:58
Will USD, Sterling and the Euro continue to fall? Beats me.
Just remember that rising currencies are not always so great for the newly affluent countries. Look at Japan-their economy has been going nowhere, even suffering from deflation for around 15 years. Same for their stock market, the Nikkei... #9
Senior Member Posted 2010-09-03 13:39:58
Just bring more money..........problem solved
#10
The Boss Posted 2010-09-03 16:04:14
Will USD, Sterling and the Euro continue to fall? Beats me. Just remember that rising currencies are not always so great for the newly affluent countries. Look at Japan-their economy has been going nowhere, even suffering from deflation for around 15 years. Same for their stock market, the Nikkei... Currencies will fluctuate but, as has been posted in all the previous threads, the simplistic answer is that the dollar/euro/gbp will continue to decline as long as they run huge budget deficits, as opposed to most Asian countries. #11
Platinum Chief Member Posted 2010-09-03 18:57:54
Will USD, Sterling and the Euro continue to fall? Beats me. Just remember that rising currencies are not always so great for the newly affluent countries. Look at Japan-their economy has been going nowhere, even suffering from deflation for around 15 years. Same for their stock market, the Nikkei... Currencies will fluctuate but, as has been posted in all the previous threads, the simplistic answer is that the dollar/euro/gbp will continue to decline as long as they run huge budget deficits, as opposed to most Asian countries. Usually true, but it depends on who buys the bonds that fund the deficits. Japan has a deficit percentage-wise to their GDP that makes the deficits in the US/GB/Eurozone look good. But the big difference is most of the Japanese deficit is funded from bonds "bought/held by Japanese" where most other deficit ridden countries have to sell most of their bonds to other countries. The Japanese yen has been appreciating to include against the baht. And when those other countries become concerned about the bonds/the economies of the bond issuing countries they can start dumping the bonds which usually drives done the currency of the bond issuing country like the US/GB/some Eurozone countries. #12
Advanced Member Posted 2010-09-03 19:30:57
Surely it's extremely hard to guess.... depends on lots of things
 Thailand wants tourism so I guess it's in there interests to make it affordable - otherwise all the farangs will go home saying 'forget thailand, the good old days are gone'. #13
Senior Member Posted 2010-09-03 19:50:46
Surely it's extremely hard to guess.... depends on lots of things Thailand wants tourism so I guess it's in there interests to make it affordable - otherwise all the farangs will go home saying 'forget thailand, the good old days are gone'. thailand wants tourism correct but over the last few years they are aiming at the high class fivestar brigade so i doubt it is in their interests to make it affordable ........ 
#14
Super Member Posted 2010-09-03 19:54:50
60 by year end thats a certainty. There was a certain amount of optimism about a month ago as typified by the above, but it seems to have petered out. Still stand by that, in fact Sterling has actually strengthened agains the $ and Euro the past few months. Sterling lost 30% within a few months, just remember it can gain the same amount just as quickly. #15
Platinum Chief Member Posted 2010-09-03 20:30:33
60 by year end thats a certainty. There was a certain amount of optimism about a month ago as typified by the above, but it seems to have petered out. Still stand by that, in fact Sterling has actually strengthened agains the $ and Euro the past few months. Sterling lost 30% within a few months, just remember it can gain the same amount just as quickly. Seems like the only thing that happens quickly with western currencies and stocks is they go down fast and then recover slowly....and the recoverly period can be l.....o.......n.......g. Additionally, the recovery period for the currency to previous values may be decades down-the-road to never in today's world due to western deficits and high GDP growth in third world nations which help drive appreciation of many third world/emerging market nation currencies. #16
Senior Member Posted 2010-09-04 01:51:00
Surely it's extremely hard to guess.... depends on lots of things Thailand wants tourism so I guess it's in there interests to make it affordable - otherwise all the farangs will go home saying 'forget thailand, the good old days are gone'. thailand wants tourism correct but over the last few years they are aiming at the high class fivestar brigade so i doubt it is in their interests to make it affordable ........ Really where's that then, i read they was going to continue targeting Iran, lots of 5 star money there is'nt there. Thailand 2 biggest tourist market are......???? drum roll.....Backpackers & sex tourist, you can't polish a turd. Thailand is what it is. A consequence of a strong currency will be a drop in tourists. Nothing anyone can do about it. Just the same as people on here moaning their currency is worth jack shite. #17
Platinum Member Posted 2010-09-04 02:01:29
Nothing anyone can do about it. Just the same as people on here moaning their currency is worth jack shite. My currency is (relatively) worth Jack Shite. Fortunately, if GBP/THB goes to 30 I can still afford to be here. However, the issue is that I won't - other places will become more appealing and represent better value for money. I still don't get where the strong Baht is a great help to Thailand The main export (rice) is traded in Dollars. #18
Senior Member Posted 2010-09-04 05:11:24
Nothing anyone can do about it. Just the same as people on here moaning their currency is worth jack shite. My currency is (relatively) worth Jack Shite. Fortunately, if GBP/THB goes to 30 I can still afford to be here. However, the issue is that I won't - other places will become more appealing and represent better value for money. I still don't get where the strong Baht is a great help to Thailand The main export (rice) is traded in Dollars. Of course your correct who wants to pay inflated prices people will stay away, they already are. Its not the fact its a great help its just a by product of their success. Food will always be sold regardless of price its called an over populated planet. #19
Star Member Posted 2010-09-04 05:27:18
Surely it's extremely hard to guess.... depends on lots of things Thailand wants tourism so I guess it's in there interests to make it affordable - otherwise all the farangs will go home saying 'forget thailand, the good old days are gone'. 
#20
Rare Species Member Eating Tough Leaves Posted 2010-09-04 05:40:57
Surely it's extremely hard to guess.... depends on lots of things Thailand wants tourism so I guess it's in there interests to make it affordable - otherwise all the farangs will go home saying 'forget thailand, the good old days are gone'. If you miss something? I wonder...does the Thai Government next to the BoT understand International Economics and the related currencies' policies? Surely, exports* will (further) drop dramatically once the full impact of the high Baht will be felt abroad (of Thailand) and next to that it is a serious blow to the real estate market for (the few left) foreigners who were thinking of buying property in LOS. The real estate markets, worldwide, are already in deep sh_te but this is extra bad news for Thailand. Someone, planning to buy a piece of real estate of let's say 5M Baht has to bring a lot more money with him than a year ago. For Europeans it's already +20% versus a year ago. And, I don;t think there are many Asians standing in line to buy Thai real estate, are there ? * rice exports dropped already -30% in the first 6 months in 2010. That's HUGE! Well.....does anyone care?  LaoPo #21
Star Member Posted 2010-09-04 08:03:54
I wonder...does the Thai Government next to the BoT understand International Economics and the related currencies' policies?
i think they do. #22
Star Member Posted 2010-09-04 08:05:53
Surely, exports* will (further) drop dramatically once the full impact of the high Baht will be felt abroad...
Thailand Exports Rose the Most in More Than 18 Years in June on ... 21 Jul 2010 ... Thailand's exports rose the most in more than 18 years to surpass the record value set before the global financial crisis, ... www.bloomberg.com/.../2010.../thailand-exports-rose-the-most-in-more-than -18-years-in-june-on-auto-parts.html - Cached Thailand: Exports Boom Despite Tourism Collapse - BusinessWeek 19 May 2010 ... Recovery July 8, 2010, 11:01AM EST ... Thai exports are likely to grow 25 percent to 30 percent this year, according to Rao. ... www.businessweek.com/magazine/content/.../b4187014973099.htm - Cached Bangkok Post : Thai exports forecast to grow by 17-24% in 2010 12 Apr 2010 ... Kasikorn Research Center expects Thai exports to overcome the strong baht and domestic political turmoil to grow by 17-24% in dollar value ... www.bangkokpost.com/.../thai-exports-forecast-to-grow-by-17-24-in-2010 #23
Star Member Posted 2010-09-04 08:07:53
next to that it is a serious blow to the real estate market for (the few left) foreigners who were thinking of buying property in LOS.
property prices fell percentage wise more and offset the appreciation of THB. #24
Ex Member Posted 2010-09-04 08:32:13
I continue to target USD 1.40 and THB 40 and despite occasional blips and mini-surges see no reason to change my view.
#25
Star Member Posted 2010-09-04 08:57:22
I continue to target USD 1.40 and THB 40 and despite occasional blips and mini-surges see no reason to change my view. |
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