What impact does inflation have on the Thai Baht and the experiences of expats in Thailand with exchange rates?

demand for dollars rises but it does not become more scarce.

@Osama *************

No better place than Thailand to do that. It's impressive however, all of this is uncle Sam's fault. LIke he made Putin invade Ukraine? He made Australia and EU into thoughtless puppets?

There is no one root cause but Covid was a big factor and everybody knows that is a a Chinese ploy to take over the world.

Osama Samb Hadanah are you getting your numbers from a weggy board. Increase of .75% with a possible goal of 2% total by year end .

None of this is related to Ukraine.

it seems crazy that people spend their lives with money as a major component... working 40 hours a week, the majority of their lives, to make it. Spend it, save it, marriages end because of it.... yet people have no bloody idea what it even is and they certainly don't understand how it works.

@Danny ******

indeed.... here is a brain twister i like to ask my friends:

Define "money".

it's rare to even get an answer... usually i just get a stupid look. Other times they try to be cute and say something like "the root of all evil" which is just some cliche they heard but don't understand. And I can related. Until I found bitcoin I could not have given a good answer either. But studying bitcoin led me to study economics. Now I have a pretty good idea of what money is and how it works.

@Mark **********

No it wasn’t. You don’t know how inflation works if you actually think that.

There’s no such thing as supply chain inflation.

Inflation is a direct result of currency supply vs GDP.

Just imagine how much worse this would be if the Democrats got the 2-3x more money printing they asked for the last 3 years.

That money printing is what caused inflation. This is economics 101.

@Mark **********

The inflationary cycle was created by a biological agent deliberately released from a certain asian country. Everything would be completely normal right now if that never happened. I dont agree with the trade war either, free trade benefits the mass populace and keeps costs low. But I can say categorically that China is the number one problem facing the existence of human civilization.

Trump spent government money like a drunk sailor.

Again, brain dead diatribes, without any fact checking. Giving away trillions in covid relief without asking anything in return was the dumbest thing a president has done since Watergate. The annual inflation rates for dozens and dozens of goods routinely purchased by American households - including food - were already at their highest levels in a decade before Biden entered the White House early last year.

That's in large part because of the COVID-19 relief spending enacted under Republican Donald Trump's administration with overwhelming Republican support in the Senate. It exceeds what Democrats have allocated so far by roughly $1 trillion.

That money kept household balance sheets intact during the crisis and allowed consumers to keep spending despite double-digit unemployment. Moreover, household savings rocketed to unprecedented levels, providing tinder for more spending on activities like dining out and travel once those became widely available again.

@Mark **********

You are seriously insane! biden the Senile took over a roaring economy from Trump and seriously FUC@ED it up with his leftist agenda!

Seriously! I am not even American and I know that....in fact, the entire world knows that except deluded American liberals!

@Steve *********

used to be nearly 60 years ago

@Bonnie ********

You do know that a weak currency actually BENEFITS many people, right? For years, businesses have been leaving Thailand and going to neighbours instead because of the exchange rates, among other people.

A weaker currency will mean more exports, and more tourists, helping some of the poorer people in the country. A weaker currency will help give the economy a much-needed shot in the arm because people will bring more foreign currency into the country.

All this time a strong baht has been affecting people's incomes, have you spoken out for those suffering?

No?

How could you be so selfish?

Or did you just not understand how it works?

@Bonnie ********

agree, no pleasure in watching those who suffer, suffer more.

@Bonnie ********

To the best of my knowledge, there isn’t a person here who has an ability to impact the exchange rate by even one Satong.

There is no lack of compassion in celebrating one’s own good fortune in circumstances where one had zero control over outcomes.

Given the state of the world today, with cruel injustice everywhere, you would have us all in a continual state of scowling self-denial, if not full-on self-flagellation.

But virtue-signaling has its limits, and even the most compassionate among us are permitted to celebrate from time to time. Lighten up, Francis!

@Johnny *****

everything is more expensive so you’re not getting more for your money. Except for beer on Soi pothole 😂, so there’s that. Well done

@Briton ********

yeah, it would be so much better if even more people died.

that's right.... this is why the smartest people I know store their wealth in bitcoin, not a bank and certainly not in a fiat currency

@Surf *****

When the world stops trading in dollars, it will be a sad day for USA. Covid dollar inflation is the cause of this. US created 16 trillion in new money during 2020. they deserve to crash. And I am a proud american, but the government is terrible and the people are stupid to let them do it.

@Tammy *************

inflation is world-wide.

@Michael ********

no

Good luck with that. The WEF and global governance is more powerful now than ever before in human history. With survalence tech, social credit systems, and CBDC's becoming part of life in many countries, there is little to nothing we can do other than buy Bitcoin and try to survive it.

@Michael ********

got a plan son?

@Craig *******

buy low I guess, even if you're broke

anyone who has purchased bitcoin and held it for at least 3 years has made money. If you zoom out it's quite obvious.

@Craig *******

yes it’s a hedge against inflation 5555 cash is trash

Not Brexit, it's a world problem Brandon

@Max *********

Other countries did the same. It's not only the US. Look at the Euro for example.

@Danilo **********

You are talking about a different subject. Money printing and quantitative easing weakens a currency. Period.

@Max *********

American here, I don't blame anyone else except for the American government. Printing out 40% of every dollar that's ever been printed in the last 12 months is going to cripple everyone's economy. It's not just absurd it's treason.

@Max *********

You’re looking at the wrong indicator. It’s GDP to Debt Ratio. US with a $21 trillion economy actually has a lower GDP to Debt ratio than other countries like Singapore and Japan.

@Max *********

dollar can’t crash. It’s the only legitimate currency in the world.

@Max *********

you clearly don’t know what currency manipulation actually is.

@Paulo ********

Exactly! I love it and hope it goes to 40. 😍

Seems like the one's saying it not 'The Buck Stops Here' Biden's doing must watch a helluva lot of CNN.

They probably are on their 5th booster shot waiting for that virus to go away too.

The incapable intellect is astounding after do many missteps that led us all here.

BTW - we all hope Hunter Biden got a big bonus to have the US turn its back on the Ukrainian people.

@Richard ******

The Federal Reserve increasing rates to contain inflation is the primary driver or US dollar strength.

@Vincent *******

Is that code for my wife is also my cousin

“Great British Pound” they said 😭🤣

@Bim ******

recently I would agree with you but now oh, you think the world is going to turn to the Russian ruble? The Chinese Yuan ? The euro? At this point I think not

@Bim ******

Ah yes, the sky is falling yet again huh Chicken Little?

it was, during the Tom Yum crisis...early 98, you can check exchange records.

@Sam ********

It has never been 57

@Thar *****

I did at 34.6 but u win some and lose some :)