Surging Thai Baht Shatters Retirement Dreams

Thailand is Cambodia's neighbor to the West, and this forum is dedicated to Thai news, stories, reviews, blogs, videos, Thai people and anything else related to the country. A lot of expats have both lived and worked in Cambodia and Thailand, and this area is a place to discuss all aspects of life in Thailand and what's going on there. Most topics are about Bangkok and Pattaya because of their larger populations of expatriates and tourists in those cities, but this is for all things Thai.
User avatar
phuketrichard
Expatriate
Posts: 12420
Joined: Wed May 14, 2014 5:17 pm
Reputation: 3243
Location: Atlantis
Aruba

Re: Surging Thai Baht Shatters Retirement Dreams

Post by phuketrichard »

CEOCambodiaNews wrote: Sun Oct 27, 2019 8:19 pm Baht to further strengthen, expert warns
The baht could further strengthen to Bt29 per dollar, a Kasikornbank analyst warned this week.
26/10/2019

In an economic climate deeply affected by the US-China trade war and a global slowdown, the baht is expected to strengthen further, reaching Bt30.50 to the US dollar by the end of the year, Kobsidthi Silpachai, head of capital markets research at Kasikornbank said

It could appreciate to between Bt29.20 and Bt29.30 by the end of next year, a 5-year high, he added.

This was due to a number of factors, the first being that the US-China trade war would continue to depress the global economy. The chance of global economy entering recession next year now stands at 26 per cent, and could lead to more capital flowing in to subscribe to Thai bonds.

The second factor is the high possibility that international rating agencies Moody’s Investors Service and Fitch Ratings will upgrade Thailand’s sovereign credit rating from triple B plus to A minus (BBB+ to A-) in the next 12 months. The market has priced in coming credit upgrades as the rate of credit default swap (CDS) of Thai debts has been below the rate charged for BBB+ rating for a while, he noted.

Third, Thailand’s high current account surplus, the combined result of tourism revenue, fall in imports and low domestic investment would continue to underpin the strong baht.
http://www.samuitimes.com/baht-to-furth ... ert-warns/
End of yea at 30.50??? Its at 30.10 now. I brought $$ last week at 30.28 baht
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
shnoukieBRO
Expatriate
Posts: 788
Joined: Tue Oct 27, 2015 3:42 am
Reputation: 110
Cambodia

Re: Surging Thai Baht Shatters Retirement Dreams

Post by shnoukieBRO »

Unfortunately Thailand has been getting more expensive since quite a long time. I still like the place but it's not as cheep. Cambodia still is cheep and has really good cheap hostels.
I would recommend anyone wanting to retire in Asia to consider Philippines. Those are some beautiful Islands and really wanting good peeps that can help in some way to improve this friendly yet poor Country.
Other options abound in Europe, Latin America, and East Asia.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 105 guests