The rise and rise of the Thai baht, major flooding in Chiang Mai

The rise and rise of the Thai baht, major flooding in Chiang Mai - Sept 26

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Tim Newton Today

Күн бұрын

Пікірлер: 143

@Vlogged-off Ай бұрын

Us is screwd

@robertcuellar4132 Ай бұрын

Going to laos this season Thailand to expensive

@ScooterOnHisWay2024 Ай бұрын

If Thailand is too expensive, you *must* be broke.

@Isz2134 Ай бұрын

@@S_Wicket_ATMPhillipines is great for someone who does not mind bad foods, bad internet and overrated prices. Vietnam is ok but people are not as friendly, not much of English and that language 😂. Cambodia is ok with Laos

@johnswift1736 Ай бұрын

Just makes thailand more expensive than last week. Thailand aint a cheap holiday anymore

@Pat_KraPao Ай бұрын

Sure it is. Where else can you get a room for around $50 at a 4 star hotel?

@johnswift1736 Ай бұрын

@@Pat_KraPao Cambodia... seamreap hotel with pool on the roof and air con for 25 dollars

@Pat_KraPao Ай бұрын

@@johnswift1736 yeah, but that doesn’t mean Thailand still isn’t cheap. And Siem Reap doesn’t offer the same quality of infrastructure, food, or beaches that Thailand does.

@Liu-lq4es Ай бұрын

It's a worldwide problem.

@dang3810 Ай бұрын

A wet lease is a domestic airlines leasing the aircraft with the crew from an other domestic or international airline. Normally it's for a short period of time. A dry lease is a longterm agreement like 5 yrs and more that involve the aircraft only.

@Ianemtb Ай бұрын

I wondered why there was long lines at the cash ATM yesterday people was drawing out their 10000 bhat

@gerardglines2566 Ай бұрын

Still ongoing but not so bad on one side of the city .Got sunburnt between the showers ! Oddly no thunder or lightning

@sailingstpommedeterre4905 Ай бұрын

Could be that the USD is "falling"; which makes the Thai Baht "appear stronger". Another way to look at it is a fiat currency being compared to another fiat currency.

@timnewtontoday Ай бұрын

Oh I realise there are 100 things at play, all at the same time.

@Wilko11 Ай бұрын

The Australian dollar is at its highest against the US dollar for nearly 2 years.

@andersfant4997 Ай бұрын

@@Wilko11 Predictionmarket say 12-16 baht to Aus dollar in 2026..?

@Wilko11 Ай бұрын

@@andersfant4997 I don't think I've seen it go under 20 baht for 1 Aud in the near 40 years I've been going there. And it's been as high as 35 baht. A 12 to 16 Baht prediction sounds like fiction.

@Wilko11 Ай бұрын

@@andersfant4997 I don't think I've seen it go under 20 baht for 1 Aud in the near 40 years I've been going there. And it's been as high as 35 baht. A 12 to 16 Baht prediction sounds like fiction.

@johnnygerard6605 Ай бұрын

Hi Tim. How is Steve? Haven’t seen him in awhile. Hope he’s ok.

@timnewtontoday Ай бұрын

He’s AOK

@bobtheman19 Ай бұрын

Does anyone know why accommodation costs are so high for this coming year ? Last two weeks of January first two weeks of February are 25% more expensive than last year the recently stronger baht doesn't explain that large jump

@richardwolter2368 Ай бұрын

It is not so much that the Baht is strengthening, it is more that the US Dollar is weakening! (And some other currencies)

@ActiveTravelWestUSA Ай бұрын

Exactly! Real economies moving away from USD

@marclajoie5185 Ай бұрын

Poor Thai don’t realize that digital currency is the beginning of the loss if their freedoms.

@Truthseeker371 Ай бұрын

They don't think that deeply. So long as they're happy, that's what matters most with them.

@AdaJara-l1i Ай бұрын

Thailand only cares about corruption that why they love transparency

@aussie-kiwi Ай бұрын

And you think your free now

@doyoueatrocks Ай бұрын

It’s just convenience, calm Down

@Liu-lq4es Ай бұрын

convenient for whom?

@_Alfa.Bravo_ Ай бұрын

11:13 .... mmm, isn't that airplane a BOING 737-MAX ? Tim's most favorite ;) Good view on how moch the engines are infront and not under the wing

@tingtong5898 Ай бұрын

It is more that the US Dollar has gone down, this is a normal reaction to US intrest rates going down. Aussie dollar not charged much to THB but gone up the against the USD. Just normal market fluctuations.

@MikeyInThailand Ай бұрын

It was 24 to aud 2 months ago now 22.4 aud not exempt

@tingtong5898 Ай бұрын

@@MikeyInThailand yes it went from 22 to 24 then back to 22, normal market fluctuations.

@DaniM2877 Ай бұрын

Congratulations on 5 properties now! Good to hear, and I loved that you needed to check what day it was, sums up living in Thailand quite nicely. Dani

@M.R.T.V.Videos Ай бұрын

Looks like my trip will be a bit brokie . I bet I spend less overall just going directly to Cambodia even with the visa and Bus faresand come back for a flight

@andersfant4997 Ай бұрын

Look at Prediction markets, 🇹🇭 baht could by 2027 be 30% stronger against all major western currencies. Predicition markets are often a good indicator.., also add inflation, it will change tourism.

@rdewsbury777 Ай бұрын

Air Asia, Viet Jet and Lion Air are all foreign owned airlines with subsidiaries that fly domestic routes in Thailand. So I wonder if the same pilots who are against wet lease agreements are also against non-Thai companies flying Thai routes. Perhaps they would prefer Thai Air and Bangkok Airways to have a monopoly on all domestic routes.

@k9companion231 Ай бұрын

Money fluctuates. When I left Thailand in 2014 the Thai baht was 29 Baht to the USD. My last visit in may/June it was 36 Baht to the USD. No choice but to go with the flow. Complaining does nothing. Good luck all.

@andersfant4997 Ай бұрын

In 3 years the prediction market think the Dollar will be between 20,12-21,60. Prepare for that..

@Liu-lq4es Ай бұрын

I don't get it. What does "29 Baht to the USD" mean?

@andersfant4997 Ай бұрын

@@Liu-lq4es 1 US dollar had an exchange rate of 29 Baht in his example. The Prediction market think that the Baht will be about 30% or more stronger in 2026-2027, to be exact, a rate of 18-22 dollar for a baht. About 30% for Euro and Pound, as well. The baht get stronger, other currencies get weaker.

@Liu-lq4es Ай бұрын

@andersfant4997 No, he says 29 to 1 USD in 2014, and now it's 36 to 1 USD. Is it means Baht is getting weaker?

@andersfant4997 Ай бұрын

@@Liu-lq4es Yes, correct🙂, I talked about the Prediction market for the years 2025-2030. You can google it, they predict in the year 2027 that for every dollar you only get 18,95-20,35 baht.., a much stronger 🇹🇭 Baht and a weaker dollar which will effect tourism.

@mangostickyrice555 Ай бұрын

Thumbs up 👍 Tim….hopefully not much lower 😢

@talast2000 Ай бұрын

I guess chiang mai now has a new season besides rainy season, smoke season, and etc, now it has a water front season....

@_Alfa.Bravo_ Ай бұрын

... yes, massive floodings will become normal and annual ... so hopefully no: UNDERWATER SEASON

@NotTomS Ай бұрын

"croc" on the barbie? Tech in Thailand... How's that online 90day reporting working for you Tim?

@timnewtontoday Ай бұрын

I have an agent do it for me. I can’t be arsed.

@deemeedee4862 Ай бұрын

Crocs are millions of years old, don't eat em m8- they're past sell by date 😂

@KeithFLOOK-wd3uw Ай бұрын

Its not as much that the Thai baht is rising but that the US $ has been sliding again a lot of currencies like the Philippines peso and the UK£ Last year the exchange rate for GBP to USD was around 1.22 but it is currently 1.32 .. the USD has slipped that much.

@garywayell7211 Ай бұрын

Quantitative easing the printing of money to stimulate the economy.This is reckless,might explain why the exchange rate has gone crazy against the dollar.

@thesteveman Ай бұрын

It’s called quantitative easing which can be reckless, not wreckless. Your reasoning is also flawed. ⁠The Chinese government is in the process of bailing out both its banking and real estate sectors. They are flooding their market with liquidity causing some currencies around the region to strengthen. This has nothing to do with Thailand and its central bank is monitoring the situation closely.

@garywayell7211 Ай бұрын

Sorry my error must remember to use spell check.

@thesteveman Ай бұрын

@@garywayell7211 No problem. It happens to us all.

@Hammocktraveller Ай бұрын

Funny. To the Canadian $ the thb is still 8% cheaper than 5 years ago and everybody was happy with it then.

@Liu-lq4es Ай бұрын

That's the point. Some big countries are in a battle I think.

@AlexanderWitherow Ай бұрын

Hi Tim good video thanks for the updates what's the rate for UK against the Thai baht. Going to Thailand next month.

@timnewtontoday Ай бұрын

xe.com

@jduncan48 Ай бұрын

Excellent episode punctual, succinct , well presented

@daveknudson9764 Ай бұрын

ACMI is Air Crew, Maintenance and Insurance. And yes, air crew includes the flight attendants. These are generally short term leases, less that a year. Frequently ACMI aircraft are left all white, or will have decals of the airline name on the fuselage and the tail logo.

@doyoueatrocks Ай бұрын

If you’re Thai congratulations on your free stock market shares

@ActiveTravelWestUSA Ай бұрын

USD will be going down against any currency that has a real economy

@jduncan48 Ай бұрын

Splitting into news vs live (other) is a great idea !! I can watch the news without the “shout outs” to Billy in Australia

@jamesmarschalk5564 Ай бұрын

The strengthening baht has cost me at least a couple of thousand baht more in a little over 30 days. I leave in less than two weeks and I think it will drop below 32 to the US Dollar before I leave

@_Alfa.Bravo_ Ай бұрын

Japan's industry and GdP is shrinking 0.2%. Yen lost a lot of value, so many jump to THB now ....

@glenloader639 Ай бұрын

For many Thai people the 10,000 baht hand out now is basically just flood relief. For many Thai people it won't even be enough.

@jimgrif5998 Ай бұрын

All giveaway programs are bad. Anywhere they happen.

@phillipng252 Ай бұрын

The same happened during 2004 Tsunami days ..2024 is not too bad actually ..

@mattivirta Ай бұрын

perfect if Thai Baht come back to normal rate, 1:40 better if have 1:50 then tourism and expats have good live and spend more money. now 1:36-8 have totally wrong not good.

@garthjones515 Ай бұрын

More money the governments hand out makes more inflation and more taxation.

@jurgschupbach3059 Ай бұрын

and a stronger Baht is a predictable result of it because more Inflation leads to rising value

@doyoueatrocks Ай бұрын

Look at velocity of money. In 16 transactions it’s 100% back in government hands for VAT alone… nothing costs anything, it’s just an illusion bro

@55bigyin Ай бұрын

Jeez Chaing Mai cop it .. floods now and airpolutionin April May . my thoughts are with them

@aussie-kiwi Ай бұрын

Yes it's a government version of buy now pay later. Just adding to long term inflation. The bigger the boom the bigger the crash. The very people they are trying to help, are the one's who will pay long term. It's a trap many countries have fallen into. Lucky at the present time Thailand doesn't have casinos.

@thesheperd7567 Ай бұрын

Ive got until July next year to decide if I renew my visa or simply get a Cambodian multi entry and use the 60 days on arrival with the option to extend for 30 days (twice annually). $280 - $300 Cambodian visa and gone is all the Thai bullshittery. My own home and rent in Cambodia, no 90 day reports and constant indecisions. No tax residency just a mere tourist in Thailand.

@akl4709 Ай бұрын

I think you already miss your mind up. The two are next door, so visiting Thailand while living in Cambodia is not hard. I agree that Thailand is shooting itself in their foot.

@thesteveman Ай бұрын

Great news on the 10,000 baht bank transfers. According to Thailand’s National Statistics Office, 40% of Thai workers earn less than 17,000 baht a month, so this money is certainly needed. But, unfortunately, it is only a short term solution. What Thais also need are better educational and employment opportunities. Past governments, as well as the private sector, have not served them well. This can be seen as a good start.

@Muskrat_squeezer Ай бұрын

Doesn’t money-printing lead to inflation?

@doyoueatrocks Ай бұрын

Most governments are not socialists, where money is printed and spent and now exists… money is printed when loans are created, which “should” be paid back and the difference pocketed and used…. Let’s say appropriately. Governments print a lot of money all the time, this amount won’t dent anything in itself but look at the greater whole and how this money was sourced. Was it tax income or was it loans from the central bank

@walking_in_the_shade Ай бұрын

I really can't understand the strength of the baht given the recent political instability, the shaky economy, the massive personal debt problem and the recent problems with flooding. If other countries had these problems their currency would be tanking!

@timnewtontoday Ай бұрын

What political instability? A changeover of PM? Do they call it instability when it happens in U.K. or Australia?

@luke-nw9uf Ай бұрын

Thai logic. Just like when hotels have low occupancy rates they artificially increase their prices to try to make up the differences. The banks are artificially manipulating the currency in anticipation of the high season and tourist spending. 2024 high season will be the highest amount of tourists in the country since 2019 and those who already planned to come or already made reservations will bare the brunt this year. Very surface level thinking for short term gains without my forethought or caring about the future. Squeezing the golden goose without killing it as much as possible.

@silknoben5984 Ай бұрын

@@timnewtontoday you forget one thing: f.i. in UK there was a REAL reason for changing. Here in Thailand the dinosaurs really had to look and dig deep to find some b.s. reason to first dump the real winner of the election and then to dump the PM after a few months to get the new Thaksin puppet in the saddle. But they are already digging again to dump the "baby Thaksin" too. You call that stability ?. You are more and more loosing your non-Thai common sense. There is a difference but you not see it or you not WANT to see it.

@thesteveman Ай бұрын

⁠@@luke-nw9uf Hey genius, if you haven’t noticed the Chinese government is in the process of bailing out both its banking and real estate sectors causing some currencies around the region to strengthen. This isn’t the first time that happened and it won’t be the last. It has nothing to do with banks in Thailand who are monitoring the situation closely.

@AdaJara-l1i Ай бұрын

@@silknoben5984I think you are the one that is blind using your narrow mind and hatred to judge others

@edbland916 Ай бұрын

So you think you're on Phang Nga bay?

@SoybooCow Ай бұрын

I sincerely hope the 10k thb handout is spent wisely, and that recipients don't rush out to 'invest' in Lao Khao. Tim, I can explain why you have very few American viewers of your news programme. They're all too busy walking around Pattaya, talking at full volume, creating content for their own YT channel🙄

@vgshwk Ай бұрын

Kind of strange shortly after the tourist exempt goes to 60 days the exchange rate goes to 💩.

@55bigyin Ай бұрын

When Australia did there economic stimulus in 2009 i think ... there was a spike in people buying flat screen televisions $900 was the amount

@brentonlett3417 Ай бұрын

$800.00 was the amount, large screen TVs and laptops, Harvey Norman made a killing!

@JasonCam Ай бұрын

Gold up Thai Baht up £ & $ down... sighs Today 43.50/£.. arghh

@gilllawson2214 Ай бұрын

Hate to keep beating the drum but at this rate I’ll have to move to another country or back to America

@frankcherry3810 Ай бұрын

All my friends in America say to stay in Thailand… at least till June

@tsl56 Ай бұрын

@@frankcherry3810 One really doesn't have to worry unduly about coups in Thailand these days; unlike the states

@landwolf123 Ай бұрын

Can't handle the cost of living in Thailand, and thinking about moving back to America to try to save money? Really?

@_Alfa.Bravo_ Ай бұрын

@@tsl56 ... 👍

@ScooterOnHisWay2024 Ай бұрын

Bye!

@Quazmodic Ай бұрын

Captain Newton ... lol

@arbejder Ай бұрын

Stimulus = more spending = more inflation = higher interest rates = stronger baht. Economy 101

@tsp7517 Ай бұрын

True except for higher interest rates because economy is falling. Thai central banks won’t raise. All central banks are cutting. Baht will continue to get stronger as long as major central banks continue rate cuts. Target is 30 imo

@doyoueatrocks Ай бұрын

@@tsp7517exactly right and it won’t do much for prices because it will be spent in a hot minute

@robertcuellar4132 Ай бұрын

People are just going to budget when they go not spend as much they better make adjustments before high season comes.

@robertcuellar4132 Ай бұрын

Yes 100 percent going to have to tip real low or not at all, I used to tip good.

@BrandenLesko Ай бұрын

I'm against the "digital wallet" scheme, but I'm all for the 10k Baht stimulus for the poor. Glad to see the government didn't hold out and found an established and sensible way to distribute the funds.

@tsp7517 Ай бұрын

Stimulus means inflation. Inflation hits poor people, not rich people. So long for poor people… 😂

@doyoueatrocks Ай бұрын

Whenever it’s called a scheme it means dystopia is scheming again

@Kevface Ай бұрын

You want the Thai Baht to fall, also need more Cash in Government coffers??? Your asking for Inflation and cash on hand... PRINT MONEY...!!!! Speed up the cash Handouts,.. As I said 6 months ago, Printing the money for handouts can only help the Thai Economy..... As the THB inflates the value of Exports and Tourist spending power rises... It's the PERFECT time to print....

@gerrylambert5225 Ай бұрын

Great episode I love the way Thai people smile for the camera while facing problems !

@stevenjones6853 Ай бұрын

hi just a bit of news about being taxed of a pension abroad. I had my tax id and took the documents to the tax office which I was told I owe tax for 2023 till now total 107,000 baht.i thought it didn't start till January 1st 2024.phoned tax office Bangkok they said the same thing. I asked about the double tax treaty with uk they said it only covers people here for 180 days.tell your viewers beware.

@scottDchicago Ай бұрын

Shout out to 5 Star Marine, Shaun Stenning, and the entire team! My family and I thoroughly enjoyed our boating outing with them back in July of 2023. Red carpet service all the way! 5 Star Marine’s ongoing charity works are truly notable. I’m pleased that they graciously sponsored this channel yet again.

@thelostphotographer1438 Ай бұрын

It’s not free you have sold your soul for merch

@timnewtontoday Ай бұрын

Sold my soul? Hmmm

@doyoueatrocks Ай бұрын

@@timnewtontoday😂

@doyoueatrocks Ай бұрын

How dare you make Some money in this world

@ollelindskog4531 Ай бұрын

Thank you 🙏

@ghorpestad Ай бұрын

Thanks Tim

@ZHUHAI100 Ай бұрын

Wow - first - have a great day

@Androgen321 Ай бұрын

Beachhouse Thailand merch coming soon??!

@timnewtontoday Ай бұрын

Ha ha. No. Tiny market

@Davrosss Ай бұрын

Thanks Tim ☔️

@ChalermchaiWattanawongpi-lt9uw Ай бұрын

Hi! Tim 😊😊😊😊

@FreeRange9 Ай бұрын

With this 10,000 BHT cash giveaway, along with the rising BHT against the dollar, which will create less demand for Thai exports, we are likely to see a major wave of hyper inflation! The cash giveaway when the BHT is strengthening is horrible timing and a bad idea. Just ask the US after their economic stimulus and Inflation Reduction Act.

@jimgrif5998 Ай бұрын

At least they have "quieter" shirts.