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Post by nomadic on Oct 3, 2023 18:36:11 GMT 7
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Post by itsmylife08 on Oct 3, 2023 19:20:00 GMT 7
AU$1= 35-81 pesos, AU$1=23-35 Thai Baht. Doesn't look good nomadic, that's bad news for me... Cheers Itsa  |
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Post by nomadic on Oct 3, 2023 20:26:35 GMT 7
AU$1= 35-81 pesos, AU$1=23-35 Thai Baht. Doesn't look good nomadic, that's bad news for me... Cheers Itsa seen it between 17 to 37 baht over the years. I survived on 17 so 23 is still OK. Naught we can do about it. So mai pen rai as the Thais say for everything.....No problem. |
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Post by bear on Oct 3, 2023 21:09:15 GMT 7
I think it depends a lot on what our respective overseas currencies do...... Thai baht depreciation due to external factors, being monitored - c.bank
BANGKOK, Oct 3 (Reuters) - Thailand's central bank said on Tuesday it was closely watching movement in the baht currency , which it said is a result of external factors and in line with regional peers.
The baht fell to an 11-month low at 37.095 on Tuesday morning. The central bank was ready to manage the baht if there were irregularly movements, it said in a statement, adding investors were awaiting clarity on the fiscal policies of the new government.
"The strengthening of the dollar (comes) from the possibility that the Federal Reserve will maintain interest rates longer than expected," said Bank of Thailand senior director Sakkapop Panyanukul said.
Other factors included pressures from falling gold prices and increasing oil prices, Sakkapop added.
Lack of clarity over the new digital-wallet scheme is weakening the value of the baht and could eventually become a hidden cost for the Thai government.
Foreign investors have been selling Thai bonds and stocks since September, ahead of the anticipated distribution of 560 billion baht (US$15 billion) via 10,000-baht digital payments to every Thai over the age of 16.
The baht's depreciation over the past month is peculiar, as it is not solely due to the strong US dollar. This is evident in the fact that the baht has weakened further than the currencies of Japan, South Korea, China, Taiwan, Hong Kong, Singapore, Malaysia, Vietnam and the Philippines. The baht plummeted past 37 per dollar on Tuesday morning, its lowest level in 11 months. www.nationthailand.com/business/banking-finance/40031561 |
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Post by JJJ88 on Oct 4, 2023 6:50:26 GMT 7
I was told on the phone the reason our pensions are paid overseas in USD is because of unstable foreign currencies. But now the Australian Dollar is unsteady so I don't know how they are going to figure that one out.
Our interest rates are on hold which is a good thing for those with Mortgaged properties. Essentially the low valued AUD will increase the influx foreign investment aswel, but at the same time things are looking grim for everyone overseas with the AUD as income.
It's all doom and gloom I know, but we made it through at the begining of Covid19 when it was 0.53AUD to 1.00 USD.
The Australian Federal Government is $22.5 Billion Dollars in surplus right now. We will see what happens in the RBA meeting on 7th of November perhaps.
Cheers
J
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Post by Denis-NFA on Oct 4, 2023 10:01:25 GMT 7
The unfortunate reality is the amount of foreign debt that successive Australian governments have wracked up and the amount of interest they are prepared to pay for that money.
The lower the interest rate on offer then the less interest in AUD$.
Notwithstanding the potential harm it would do to people in Australia, we overseas folk should be hoping for an interest rate rise from the RBA.
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Post by Denis-NFA on Oct 5, 2023 7:54:28 GMT 7
JJJ88After reading this thread and looking at the trends I have revised my forward budgets down from PHP35 to AUD1 to PHP34.
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Post by itsmylife08 on Oct 5, 2023 19:00:17 GMT 7
AU$1= 35-81 pesos, AU$1=23-35 Thai Baht. Doesn't look good nomadic, that's bad news for me... AU$1= 36-000 Go on my son, you little Aussie battler you can do it  Cheers Itsa |
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Post by bear on Oct 5, 2023 20:18:25 GMT 7
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