Bank of Thailand agrees that the baht is too expensive

Aha people have finally woken up at the highest level!

Now to wake up politicians to actually do something about it!

This will not only benefit the expats, but also the Thai population itself! The price of rice has already fallen considerably. Not difficult that one cannot sell the rice stock abroad due to the high international price! Too much rice is……. cheaper purchase prices…. less income for the population. That's how the economy works.

Hopefully this man has the necessary persuasive power to convince the politicians or other “powers” ​​that things cannot go on like this. It's not 5 to 12, but unfortunately already 20 past 12!!!!!!! How is it possible that they didn't act sooner!

I blame it on greed and that oh so important 'loss of face'!!!!

See if anything will change in the first few weeks! I'm afraid not because as always it's a lot of blah blah blah!!!!

Ls,

Exchange rates are very complex and depend on many factors. One of those factors is the global trade in different currencies that go around the world every day and over which you as a country have little influence.

This amounts to staggering amounts.

There is always an advantage and disadvantage to an 'expensive currency.' It is clear that it is now a disadvantage for tourism.
Gr Rob

Everyone just talks.
But what is the real reason that the Thai bath is so expensive.
It is certainly not the false political stability that is present at the moment.
It is not that many wealthy foreigners and companies park their money with Thai financial institutions or invest here.
It is not that Thailand is a country with ideas and higher technological developments, including by companies that will be able to change the world in any way.
It is not that almost everyone wants to go on holiday to Thailand.
But what is it, maybe something to do with the HISO now buying expensive yachts and houses in London or Nice or purchasing defense equipment from abroad.
The only thing I can see in my immediate surroundings is that people here are finding it increasingly difficult to survive or rather to make ends meet.
So we have to wait until the pitcher is filled with water until it bursts.

Jan Beute.

From my perspective, I am happy with a higher value of the THB compared to other currencies. I live and work in Thailand for a Thai company and receive my salary in Thai baht. It is also beneficial for my own company because I import from abroad. I always read a lot of complaints from retirees and tourists, but a coin always has 2 sides. Let them first look at their own currency. When the crisis started here in the late 2008s, many Asian governments wanted to turn on the 'money printing press', but were emphatically warned by the IMF, America and Europe not to do so. They did not do this then and after a few years they were back to their level. When the banking crisis started in 1 (which Asia was not much affected by), the first thing they did in the West was turn on the 'money printing presses' with QE 2, 3, 4 and now the repo activities, which is a disguised QE93, but people call it don't want to call it that. Looking at the dollar, it is worth 1913% less than in 100 (establishment of the FED). The same applies to the Euro where the European bank creates gigantic amounts of euros. America has a budget that is over XNUMX% of GDP and the highest debt of all time and so do many European countries. So it is better to say that the euro / dollar is becoming less and less valuable due to their own stupid policy and not that the Baht is becoming more expensive, but many people do not understand this and it is very easy to point to Thailand and the 'expensive' baht. The article refers to the impending crisis (which I think has already started) where all bubbles will burst and most currencies will become even less valuable. All countries have a fiat currency and past experience has shown that it always goes to zero. Most national banks also no longer have any instruments to make adjustments and the interest rates are already almost zero or lower. I would like to give everyone the tip to purchase gold and silver before it is too late and you can no longer do anything with your euros.