AUD to Thai Baht

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StevePIraq
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AUD to Thai Baht

Post by StevePIraq » Sun Jun 03, 2018 12:48 pm

I used to live in the land down under, still have family, investments and property there which one day I hope to cash in and bring here or to wherever I am at that time. As such keeping a track on the exchange rate is very important to me.

The OZ$ really has taken a battering in the last 7 years, the resource boom has been and gone, property market has taken a hiding and interest rates have all but disappeared. The OZ car industry is gone. Banks are under investigation for illegal activities, god alone knows what else.

Since June 2011 the baht is down 25.03% against the baht and things are not looking any better in the future.

AUD Baht
07-Jun-11 $1 32.30
04-Jun-12 $1 30.60
01-Jun-18 $1 24.22 -25.03%
"Live everyday as if it were your last because someday you're going to be right." Muhammad Ali

deepee
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Re: AUD to Thai Baht

Post by deepee » Sun Jun 03, 2018 5:17 pm

Rates around 25 baht to the AUD are considered the norm by many long term expats. Those days of up to 33 baht to the AUD were pretty extreme ,brought about by heavy buying up of the AUD when Oz interest rates were higher than elsewhere.

Don't be fooled by the talk of a dying resources boom in Oz, more coal, more iron ore,more gas, more lithium is being shipped out of Oz ports than ever before , ship loads more than ever before. The dud governments Australian's have had have been duped into giving it away.
Was a time there back in the late ninties than rates dropped to less than 16 baht to the AUD .Now that was tough.
The value of the Baht seems to defy rational thinking too, so that doesn't help you Steve
The means may be likened to a seed ,the end to a tree;
And there is just the same inviolable connection between the means and the end
as there is between the seed and the tree.
............. Mohandas Karamchand GANDHI

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