Baht Continues to Weaken

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Dodger
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Re: Baht Continues to Weaken

Post by Dodger »

Gaybutton wrote:
Tue May 03, 2022 1:03 pm
Fortunately for me, I can handle the increases, as I believe most reading this board can do, but I'll be damned if I know how minimum wage Thais are managing to do it.
I asked Jai (my much smarter better half) the same question. He said most Thais are now changing the types of food they buy avoiding the high price spikes - tend to be growing more in their gardens now - and sometimes are forced to eat less. There used to be 3 pork stalls at our local market - and now there is only 1 because the prices went up so much. Grilled chicken is selling like hot cakes.

On another note: Americans drawing Social Security received a fabulous 5.9% COLA this year, and according the financial guru's in the U.S. the next increase (Jan 2023) will be the same or possibly even more due to inflation not improving. That will certainly offset the increase in pork.

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Gaybutton
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Re: Baht Continues to Weaken

Post by Gaybutton »

Dodger wrote:
Tue May 03, 2022 3:19 pm
On another note: Americans drawing Social Security received a fabulous 5.9% COLA this year, and according the financial guru's in the U.S. the next increase (Jan 2023) will be the same or possibly even more
I'll try not to spend it all in one place . . .

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Re: Baht Continues to Weaken

Post by Undaunted »

"In the land of the blind the one eyed man is king"

Ruthrieston
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Re: Baht Continues to Weaken

Post by Ruthrieston »

Sadly for me the UK pound appears to be weaker against the Baht, so no benefit for us at all. 42.7 Baht to the pound today. I really long for the 56 Baht to the pound that I got before the vote to leave the EU.

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