Transcript of the above video:

As the title of this video suggests, we are discussing exchange rate issues associated with Retirees in Thailand. 

In a prior video on this channel we were talking about the weakening of the Thai Baht relative to certain Western currencies most notably the US dollar and I was talking about the fact that yeah that actually was kind of a benefit to a lot of Retirees here in Thailand. One person actually chimed in, sent me a message and brought up the fact well it might not be for all Retirees. The point that this individual made was, I was talking about that in the context of pension so for example Social Security that is coming in from the US, if the Baht is 10% weaker compared to the dollar then 10% more purchasing power confers to the person who receives those funds. So in a sense it is a real advantage to Retirees here in Thailand.

Meanwhile somebody brought up the point that "hey if I just use a lump sum kept in my Thai bank account, the 800,000 Baht for a one year interval, it may not be so good for me because that stayed in Thai Baht while the Baht has weakened against a Western currency." Yeah that is a good point to bring up. I can see that scenario and how that would be not necessarily to the benefit of the person who is holding that money just here in Thailand. That said, and I am not speculating or trying to assume anything about anyone's lifestyle or life choices, but presumably folks that are doing that though are staying here longer term so some of those currency fluctuations may smooth out in the longer view of things. 

That said, I totally understand the point; that is why I decided to go ahead and make this video.