Dollar is now completely worthless!

[RLTrader]

Capitalism’s most precious commodity {oil} is now completely worthless.

[tamada]

No, no. It's Murcan oil that's worthless. Everybody else's stuff is OK.

[Doodoo]

31 Baht to the US Dollar and sinking all week so far
They want tourists (not from the USA) well better prop it up some

[mech_401]

the u.s. dollar has been in this range the last
20 years . try again with your doom & gloom

[Whistler]

the u.s. dollar has been in this range the last
20 years . try again with your doom & gloom

Trump will align with USD = Peso before Nov 3.

[Doodoo]

https://www.inflationtool.com/us-dollar ... sent-value

Well Mech (Mr Sunshine or looking at the World thru Rose Colored Glasses (If someone sees something or someone through rose-tinted spectacles or rose-coloured glasses, they only notice the good things about them and so their view is unrealistic))

5 years ago 36.4 Bhat per USD
Today 31 down 15%
Inflation since 2015 20%

Just based on exchange rate and not inflation
72800 exchange say a monthly Pension of $2000USD year 2015
62000 exchange say a monthly pension of $2000USD year 2020

I know of many Expats would like an extra almost 16000 ($516) baht a month in their pocket

-15%(exchange) Plus -20% (inflation)= 35%

OR if you have an extra $516 a month laying around maybe you could slide it this way. my bank details upon request

The US Dollar is in the Hole.

[AlexO]

https://www.inflationtool.com/us-dollar ... sent-value

Well Mech (Mr Sunshine or looking at the World thru Rose Colored Glasses (If someone sees something or someone through rose-tinted spectacles or rose-coloured glasses, they only notice the good things about them and so their view is unrealistic))

5 years ago 36.4 Bhat per USD
Today 31 down 15%
Inflation since 2015 20%

Just based on exchange rate and not inflation
72800 exchange say a monthly Pension of $2000USD year 2015
62000 exchange say a monthly pension of $2000USD year 2020

I know of many Expats would like an extra almost 16000 ($516) baht a month in their pocket

-15%(exchange) Plus -20% (inflation)= 35%

OR if you have an extra $516 a month laying around maybe you could slide it this way. my bank details upon request

The US Dollar is in the Hole.

No arguments here Doo Doo but most people would say a 62K income every month is still a highly livable sum in the LOS if you are not out chasing young cats most nights. 73K that will give you what? an extra 3/4 nights doing woopee.

[noosard]

USD ten years ago was worth less than now
Had a low of 28.64

Now the oz dollar was near its peak 10 years ago and been in the toilet the last 2 years
Is / was creeping up

[BillaRickaDickay]

It's s long while since I visited Cambodia, is the Dollar still the currency of choice? Maybe it's now the Yuan or Bht.

[anefarious1]

the u.s. dollar has been in this range the last
20 years . try again with your doom & gloom

First visit to Thailand 2002/2003 and I was getting 42.5 baht to the dollar. Those days are over hence we are in a different range.

[pipoz4444]

It's s long while since I visited Cambodia, is the Dollar still the currency of choice? Maybe it's now the Yuan or Bht.

Yes USD still rules in Cambodia (Phnom Penh), or it did when I was last there in February 2020, for a short trip. Even ATM's dispense nice clean USD notes, at least down along the Riverside area, they do

pipoz4444

[BillaRickaDickay]

It's s long while since I visited Cambodia, is the Dollar still the currency of choice? Maybe it's now the Yuan or Bht.

Yes USD still rules in Cambodia (Phnom Penh), or it did when I was last there in February 2020, for a short trip. Even ATM's dispense nice clean USD notes, at least down along the Riverside area, they do

pipoz4444

Still useful in some places then. When I visited I was advised to take a wad of Dollars as there were very few ATM's.

[papafarang]

It's s long while since I visited Cambodia, is the Dollar still the currency of choice? Maybe it's now the Yuan or Bht.

Yes USD still rules in Cambodia (Phnom Penh), or it did when I was last there in February 2020, for a short trip. Even ATM's dispense nice clean USD notes, at least down along the Riverside area, they do

pipoz4444

Still useful in some places then. When I visited I was advised to take a wad of Dollars as there were very few ATM's.

Reminds me of a story told to me by a friend. About someone he travelled with that was livid that when in France nobody would accept american dollars for payment. Still accepted in 3rd world countries though

[AlexO]

It's s long while since I visited Cambodia, is the Dollar still the currency of choice? Maybe it's now the Yuan or Bht.

Yes USD still rules in Cambodia (Phnom Penh), or it did when I was last there in February 2020, for a short trip. Even ATM's dispense nice clean USD notes, at least down along the Riverside area, they do

pipoz4444

Still useful in some places then. When I visited I was advised to take a wad of Dollars as there were very few ATM's.
[/quote

Out in the sticks maybe, but cities and towns, loads of them. All dispensing new/newish dollar bills.

[Kenr6583]

The US $ is declining against every major currency in the world, on track to be equivalent to the Aussie $. It seems individuals are referencing to what it is trading against the Thai baht, need to look at what it's doing against the other major currencies. Food prices at grocery stores and restaurants are getting stupid here.

[mech_401]

here's some interesting fun facts . which currency
is held the most by countries the most as part of their foreign currency reserves . . . the u.s. dollar

5 yrs ago . . . 10 yrs ago . . . 15 yrs ago . . . 17 yrs ago . . . the u.s. dollar vs. thb has been in 30-33 range. before that was " baht float" remember that



performance against other currencies. vs euro vs
£ sterling vs aussie $ stable or rising last 20 yrs

[pipoz4444]

This is the reality of where the USD to Thai Baht has been over the last near 15 Years. See Graph at the end

Whether the USD is "In Decline" is debatable, as currency exchange rates, (one to another) have been moving all over the palace against one another for the past 30 plus years and move for many different reasons, much of it currency speculation. I would refer to it Less in Demand or Losing its Market Share in the Financial Markets, rather than Decline.

There was a time when the Currencies of many countries were not recognized for trading purpose or listed exchange rates and considered to volatile due to that countries fledgling/emerging economy, being viewed as took weak or risky. The World's recognized major currencies, became Default currencies, for many countries, thus creating the demand for the Greenback and Others, in a hard currency form, for stockpiling as Reserves.

This changed as, the economies of other countries strengthened over time, so did the recognition of their respective currencies, to an extent that many individual country currencies could stand on their own feet, when it came to trading and stability of their respective exchange rates, being viewed with a lesser risk. The relevance of the Default currencies such as the USD, the GBP, the JYN, the CHF, simply lost some of their importance and so the demands for them. Been going on for near 25-30 years, maybe more.

Equally the Financial/Stock Markets, moved from just buying selling Shares, to buying/selling/trading, in anything that could turn a Profit for them, i.e. Futures, Bonds, Derivatives, Currencies etc. They buy and sell the house, car, kitchen sink, dog cat and the Wife these days, which in my view just adds to further speculation in the currency exchange market, where need and the greed to trade in currencies, has become a norm. Then along came the other forms of currency (ways to move money), such as the Crypto currencies.

All of this lessening the real worth of Counties currency as is being portrayed on the Exchange Rate Market. I am not sure what the Currency Exchange Rate Market actually signifies or indicates these days, given some currencies are free-floating and some are not and some are even pegged/constrained.

For sure, the demand for the Greenback has wavered, as it has will other major currencies and it will continue to waver until eventually the demand for trading in these hard currencies, disappears and exchange rates themselves become less relevant. i.e. when Crypto Currencies start to rule the World. When that day comes it wont worry me, because I wont be able to read the market exchange rates from timber box in the ground.

As to the USD vs the Baht, being around the 31 TB mark, looks like a medium average for the past 15 years, if one draws lines at 30-32.

USD to Thailand Exchange Rate Jan 2006.pdf

(53.74 KiB) Downloaded 129 times

Just my two cents worth

pipoz4444

[pipoz4444]

This might explain some of it better than me, if one can keep up with what he is saying

https://www.youtube.com/watch?v=oLrB5c0W7Og

US-Dollar-Trade-Weighted-Index vs Other

Developed-Market-Currencies vs US Dollar

Emerging-Market-Currencies vs US Dollar

pipoz4444

[mech_401]

odd how none of your doomsday hypotheses match anything i've read or seen. here's something to study " bretton woods agreement".
maybe you remember that from college. i'm
guessing not. and the EURO is the #2 reserve
currency. it sure aint the pound sterling

[Doodoo]

A few important words to you to say absolutely well ______?