šŸ’µ Money | Strong Euro, Weak NTD Bad for Travel?

Not sure I’d want to live in Indonesia if I were Chinese.

Local Chinese Indonesians were killed in some areas, and their properties looted and burned as a result of anti-Chinese racism, on the excuse that D. N. Aidit had brought the PKI closer to China
Indonesian mass killings of 1965–66 - Wikipedia

So did Amit, the author of Off the Rails. And his recollections of John the Canadian. Great read. :clown_face:

But for many, it is simply an anarchic celebration of insanity and indulgence. Whether it is the $2 wooden shack brothels, the marijuana-pizza restaurants, the AK-47 fireworks displays, or the intricate brutality of Cambodian politics, Phnom Penh never ceases to amaze and amuse. For an individual coming from a modern Western society, it is a place where the immoral becomes acceptable and the insane becomes normal.

Amid this chaos lives an extraordinary group of foreign residents. Some are adventurers whose passion for life is given free rein in this unrestrained madhouse. Others are misfits who, unable to make it anywhere else, wallow in the decadent and inviting environment. This unparalleled first-hand account provides a fascinating, shocking, disturbing and often hilarious picture of contemporary Phnom Penh and the bizarre collection of expats who make it their home. As they search for love in the brothels or adventure on the firing range, Phnom Penh Journey follows them into the dark heart of guns, girls and ganja.
Off the Rails in Phnom Penh: Into the Dark Heart of Guns, Girls and Ganja: Gilboa, Amit: 9789748303345: Amazon.com: Books

Ha… I remember reading that 10 years ago… IMO he really over-exaggerates how much that small community exists here. Yes, its a good book, but it accounts for about 5% of the expats here…

Ive met doctors, farmers, musicians…

Some of the most intelligent people I ever met are around these parts.

Oh yeah, I got it…

Imagine if Ximending sprawled across 10 MRT stops, and then mix in 2 or 3 Chang Kai Shek Memorials, a dash of Yuanshan and Tucheng… and make the outskirts from Hualien…

Thats as close as I can get…ha…

1 Like

Don’t disagree. Taiwan’s expat makeup remains my favorite of any location I’ve worked in internationally. The 5 percent that made the papers—the drug pushers, airport runners, dudes being slapped in the cop station preaching human rights, etc. Entertaining as bloody hell!!!

Yep the best investment you can make if you are going to stick around for more than 6 months.

2 Likes

Yes USD and Euro both seem stronger than Asian currency. (Kiwi money is also stronger)

Off to Philippines today Peso is around 57 to the dollar

1 Like

Good for many. I am off to Nordics (will miss the warm weather) and Euro seems will be 35 so Euro items cost more in Taiwan$ (New).

1 Like

When I was in Philippines Peso went to 58.5, Very cheap to NT$ 1.8

1 Like

Taiwanese currency is weak this year, its now T$35.6= one Euro.

The T$ has dropped 6% vs. Japan Yen, not good for me when I transfer some money home. The taiwan$ (T$) also near 36 to the Euro.

1 Like

Well my home is here. I have a supplier from Japan I pay but he wants it in HK$ to his HSBC HK account. So I’m happy

1 Like

Strong USA$ its 33+ to T$ tonight

1 Like

They are trying now with higher taxes for imports.

US$ is strong compared to T$ today 33+, Euro 34+

Traveling overseas next Monday. Hope this US$ surge keeps up.

1 Like

getting my salary today or tmr. Good indeed!

Why though? I would’ve expected CAD, USD and Peso to be weaker today. Any logic behind it? Or markets just doing stupid market things?

With the US putting tariffs on Canada and Mexico (and soon Europe), the demand for CAD, MXN and EUR will weaken (because less demand from the US).

Another way to look at it (very simplified): The US used to regularly exchange some of ā€œtheirā€ USD into foreign currencies to pay for imports. Less exports to the US means less USD in the pockets of Canada and such. While at the same time, demand for USD won’t really weaken because many commodities (most notable oil) are always traded in USD. So those countries now need to buy more USD on the market - thus pushing the USD’s price.

The irony of this is that Trump actually wanted to weaken the USD in the past (to make exports from the US more competitive). The tariffs (and the appreciation of the USD), however, will result in the exact opposite. Soon, no one will want to import goods from the US anymore because they’re simply too expensive (considering the exchange rate). Of course, some exceptions will always remain - but some industries in the USD might not like an appreciating USD.

1 Like

just received, exchanged at 32.89 at HSBC USD to TWD

Too bad you weren’t able to do it this morning. Just above 32.904 as I type