Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone


Expats feeling the pinch as GBP sinks to an all time low against the THB

The British pound sank to a new low against the baht on Monday.

The pound slumped to just 37.55 baht.

Analysts said the fall came after more rhetoric from the British government, which is stepping up its plans in the event of a no deal Brexit. 

The situation is further compounded by the strong baht.

Searches on multiple exchange rate websites on Tuesday morning make for grim reading for British expats. 

And things could get worse – with analysts from KBank last week predicting the baht will remain firm until the end of the year.

It’s not only British expats who are affected by the exchange rate, Aussie expats in Thailand are also feeling the pinch, where it is a similar story with the Aussie dollar. 

One Aussie expat in Pattaya told Thaivisa recently how the best part of 25,000 baht has been wiped off his pension.

David, who has lived in Pattaya for 5 years, explained how he receives a monthly pension of AUD3,000, which 5 years ago meant he had about 90,000 baht each to spend each month in Thailand.

However, that same AUD3,000 is now only worth about 65,000 baht. 

David said that while he plans to stick it out, many of his other Aussie friends in Thailand have either already left Thailand or are considering it.

For Brits, the worse may yet be to come, particularly if the baht remains strong and a no deal Brexit proves unavoidable. 

Thai Visa

Comments

comments

If you like a story please share and like it with all your friends and leave comments above.
Do you have an interesting story or Tip-Off for Samui Times then visit the TIP-OFF Page Here

You must be logged in to post a comment Login