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Post by itsmylife08 on Aug 2, 2019 10:48:53 GMT 7
The Dollar has crashed to a new low of 34.97 against the Philippine Peso, How is it holding up against the currency where you are currently domiciled. Since the downward trend started almost a year ago I'm losing about PHP4000 pesos per pay which has a significant effect on daily living. Our individual circumstances will always differ. Have you got any contingency plans, Should the Government prop up the Dollar, or even heavens forbid support pensioners more affected by the current crises. Your Thoughts Itsa
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Post by Deleted on Aug 2, 2019 14:25:52 GMT 7
Transferred money in the night itsmylife08 . 20.9709 mid market rate, against a floating average of around 25.00 for a long time. People here would be losing about Baht 3-3500 per pay, is my approximate guesstimate. A not insubstantial amount; and possibly heart stopping, on the edge of the chair stuff; for anyone having to meet income requirements for a married visa extension, if using the income method. I haven't got a contingency plan as such, as I'm still in the setting up, settling in stage. Here it's a double edged sword! The exchange rate mixed with new visa regulations. I'm planning a trip back Dec-Jan for 28 days. If all goes as I hope over there; I'll be returning, strappin' in, hopin' like hell to make it a goer and hangin' on for dear life. As for what the government could, should or may do; other than their favourite bi-partisan pastime of sitting on their hands and spouting plausible deniability over all things welfare; I don't have an opinion! Good luck to everyone regarding this situation, all the best; cheers bear.
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Post by nomadic on Aug 2, 2019 16:42:04 GMT 7
I don't feel affected at all itsa. I have seen it between 17 and as high as 37 baht over the years. As I have no control over it I never really worry. I can live easily on 15,000 or less baht a month so still saving about 25,000 a month currently. A very wise man, (banjo), once told me to never look at exchange rates other than when you change it. Too much stress otherwise. So I now generally follow his advice. Like the weather; sometimes fine and sunny and sometimes hurricanes. Currently, a storm so let's hope the sun comes back soon and it doesn't develop into a Philippines type typhoon. Then I'd stress probably.
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Post by Denis-NFA on Aug 2, 2019 20:07:47 GMT 7
The Dollar has crashed to a new low of 34.97 against the Philippine Peso, How is it holding up against the currency where you are currently domiciled. Since the downward trend started almost a year ago I'm losing about PHP4000 pesos per pay which has a significant effect on daily living. Our individual circumstances will always differ. Have you got any contingency plans, Should the Government prop up the Dollar, or even heavens forbid support pensioners more affected by the current crises. Your Thoughts Itsa itsmylife08LOL Itsa pain in the pocket that's for sure but as nomadic says he has seen it worse and yes it doesn't help us. There is an old Australian Italian that lives around here and he was here in the days of 30p to the $ One of the other things we are going to have working against us is that with The USA China trade war a lot of manufacturing is going to shift from China to ASEAN countries which will further strengthen their currencies against the OZ$. But it also means that Australian products, particularly agricultural and mining products, will be cheaper for ASEAN countries to buy. So there may be an offsetting balance start to kick in before not too long. And love him or hate him but I see that Morrison is scheduled for a State dinner at the White House in (I think) September so there may be some opportunity to balance things up a bit. Put it this way, there is no way I am going back to live in Australia.
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Post by Deleted on Aug 3, 2019 6:39:54 GMT 7
Me neither Denis-NFA. Lowest since 2009 itsmylife08. 2009 was my second time here and I though I was rich then, so as pointed out by nomadic, I must still be rich now. The People talk about the rise in the cost of living, but I don't really see it. In fact the one thing that always stood out over the years, was just how stable prices were here, were compared to Oz. 10 baht's worth of sticky rice is still more than enough, for one feed. 20, 25 30 baht bag of food from the market; are you feeding one, one who is hungry of eats a lot, or two. Yep, Happy as Larry here! Cheers bear
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Post by nomadic on Aug 3, 2019 6:56:33 GMT 7
funny you mentioned cost of living bear. For years banana's were always 5 baht a bunch, (up to 15 of them), or about 1 cent each for the regular variety. On the stop back from Mai I noticed a half a million of them on a table. 15 baht a bunch. Paeng mark. About 4 cents each now. No wonder some are pushing for the minimum local pay to go up from 300 to 400 baht a day. (A$20.00). No, I ain't leaving either. Why live in poverty when you can be rich?
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Post by Denis-NFA on Aug 4, 2019 20:11:19 GMT 7
itsmylife08I think we should look to our contacts back in Australia and teach ourselves to become importer agents. In a co-operative sense kick around ideas. When I saw how the OZ$ was trending I started to consider different possibilities and some months ago I asked a younger brother whether Australian Ice Cream could be exported to the Philippines and which company might best be suited to do that. He told me. And then I met this young bloke here in Argao whom is trying to set up an Ice Cream business to eventually franchise! Gold nuggets and Australian Opals would be good because you wear that as jewellery. If you can establish a relationship with one of the 'pawn' shops here they will move it for you. For a % of course. Some of the local 'pawn' shop owners know that I will buy gold jewellery. Me? Ive been busy lately creating a Semi Historical/Science Fiction novel. Talk about LOL because I think it is coming together but I will need Banjo to cast his jaundiced eye over it before I feel confident. Thank you for your support.
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Post by Banjo on Aug 5, 2019 6:34:07 GMT 7
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Post by nomadic on Aug 5, 2019 7:20:46 GMT 7
If you think I will click LIKE on the above you are dreaming. Can admin please remove this very offensive post. I even had a small ice cream at the bus stop to Mai this week. First in months. So I am weak even without seeing this madness. GROWL! Apart from being as far off topic as ever. A$ to icecream. Although both on the nose for me currently.
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Post by Deleted on Aug 5, 2019 7:21:44 GMT 7
Have to agree Banjo . Never came across Swensens in Oz, however first time here was amazed to see I could get a Streets......sorry Walls. Denis-NFA local rebranding is possibly a must. nomadic very much on topic..... Denis-NFA is going into the Export/Import ice-cream business due to the low dollar. Just giving him examples.
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Post by nomadic on Aug 5, 2019 12:53:37 GMT 7
Do you think this bad boy doesn't know Swensens? Especially when nomadic at Central Pinklao in BKK or festival in Mai. dairy queen in airport plaza also. I'd say I know even more about ice cream around here than I know about horses in Australia and neither are beneficial to your health. Dennis's Dixie's maybe a good brand name though. A small family run place in Darwin I recall as best ever though. But really no such thing as bad ice cream.
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Post by Denis-NFA on Aug 5, 2019 20:43:49 GMT 7
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Post by pady on Aug 6, 2019 0:45:11 GMT 7
The historical low for oz dollar thai baht is 15 baht. I had lunch with an American buddy today who is a currency trader and he pulled up the charts on his tablet and the current long term down trend and fully expects the AUD to test that low over the next few years
Honesty unless you are are living on a farm in isaan then Australia is starting to look pretty good soon
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Post by Banjo on Aug 6, 2019 7:06:23 GMT 7
When I first came to Thailand in '92 it was 17.5. I live on a farm in Lanna so will still get by.
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Post by Deleted on Aug 6, 2019 7:17:40 GMT 7
The historical low for oz dollar thai baht is 15 baht. I had lunch with an American buddy today who is a currency trader and he pulled up the charts on his tablet and the current long term down trend and fully expects the AUD to test that low over the next few years Honesty unless you are are living on a farm in isaan then Australia is starting to look pretty good soon pady I just done my sums on 15 bht-aud, and although it sounds bad I could still meet my current budget. Living quietly, on the cheap in Chiang Mai. Monthly outing for a buffet lunch, two large Chang on a Friday night. If it went to 10bht may have to reconsider, that would be absolute bottom for me. But back to Oz.....nah, don't think so. Paraguay could be looking good though. Cheers bear
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