simple economics the Thai baht exchange rate means we are getting less baht from our home currency. At the same time a significant increase in oil prices (Isreal is now believed to be planning retaliatory action on Iran oil fields) means we will have increased fuel costs, most things in Thailand are delivered by road. So on the one hand we have less baht in our pockets and it will cost more to pay our bills. A double whammy that was the point of my comment. The exchange rate and inflation from oil will both have a similar negative impact to those of us that live here. They are mutually inclusive not exclusive events.
read the room “motorists might be heading towards higher petrol and diesel prices when they fill up the tank in a couple of weeks as oil prices surged amid rising tensions in the Middle East, a situation that could lead to the cost of everyday goods jumping.
That tiff is just about to kick off Iran's oil output grew from 3.66 million bpd in 2022 to 3.99 million bpd in 2023. According to the EIA, Iran holds the world's third largest proven oil reserves, as well as the world's second largest natural gas reserves.
yes got that the wrong way round, it’s exports that suffer from a strong baht but watching the latest news in the Middle East I can see the price of a barrel is likely to add “fuel” to the situation. :)
condo final stage payments reported in Bangkok times are being delayed due to increased capital costs, fuel is imported, once petrol prices are affected inflation will start to increase creating problems for those in Thailand who don’t have a lot of money. This will affect both Thais and farangs.
I would second your recommendation, I live here but have used his taxi service BKK to Pattaya and Buriram 4 times this year with family visiting. Easy reliable and the best price I have found anywhere.
12 years ago I was in Buriram market, I saw mangosteen for sale and was a little hungry. The sign said 100bhat for 4. my girlfriend didn’t want any so I thought I can eat four and made the purchase. It seemed to take a long time and then the seller handed me two very large carrier bags and asked for payment.. I explained to the seller I only wanted four, by now quite a lot of market sellers were watching the commotion, my girlfriend stepped in and explained all the market sellers roared with laughter. It was 100 bhat for 4kg. I picked up the bags and promptly headed out of the market.
when transferring with wise you have to state a reason for the transfer. Scroll to the bottom and there is “transfer to support long term living” selecting this option.