GBP vs THB

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Thistle
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Re: GBP vs THB

Post by Thistle » Mon Mar 20, 2017 1:02 pm

I think you might find that it has traded between 42.47 and 52,43 in the last calendar year,21/3/16-20/3/17,also according to XE,currently 43.03,but whats a few satang here and there!!!

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Mon Mar 20, 2017 2:51 pm

Well what's a few Satang between friends.
For some on a fixed pension this must be a real worry. The guy I wrote about a few weeks ago who had problems as his pension is now only just adequate for his visa is very concerned and now considering selling his car and getting something smaller just so he can get a few Baht in the bank. He has also put his house on the market.
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PET
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Re: GBP vs THB

Post by PET » Mon Mar 20, 2017 3:45 pm

My Financial Advisors are saying that £ to US$ is expected to improve to 1.40 next year - the THB seems to move with the dollar and so 2018 will hopefully be better for those on a Fixed Pension
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Re: GBP vs THB

Post by HHTel » Mon Mar 20, 2017 6:15 pm

Danske Bank predict 1.19
Deutsche Bank predict 1.14

Let's hope your advisors are correct with 1.40 next year.

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Mon Mar 20, 2017 8:15 pm

These are some of the banks that had no idea the US or UK or Australian crash was coming, I wish you well trusting any advisor or bank.
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J.J.B.
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Re: GBP vs THB

Post by J.J.B. » Tue Mar 21, 2017 1:36 pm

The GBP is likely to take a drop after the UK Govt. triggers Article 50 next week and then remain volatile for at least the rest of this year. There have been forecasts that the currency will strengthen once terms of Brexit are better understood, but the only thing you can guarantee about a forecast is that it will be wrong.
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Re: GBP vs THB

Post by oakdale160 » Tue Mar 21, 2017 1:40 pm

markets are fearful when there is uncertainty, i think the forecast of a fall while the terms are uncertain, firming up when things clarify sounds like a logical scenario.

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Tue Mar 21, 2017 2:54 pm

I still think this site gives the best info and forecasts and full country breakdowns
http://www.tradingeconomics.com/forecast/currency

GBP to USD yr 2020 0.98
Euro to USD yr 2020 0.84
Thai to USD yr 2020 41.98
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musungu
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Re: GBP vs THB

Post by musungu » Tue Mar 21, 2017 3:09 pm

StevePIraq wrote:
Tue Mar 21, 2017 2:54 pm
I still think this site gives the best info and forecasts and full country breakdowns
http://www.tradingeconomics.com/forecast/currency

GBP to USD yr 2020 0.98
Euro to USD yr 2020 0.84
Thai to USD yr 2020 41.98
That is a big statement to make and upon what evidence do you base it?
Obscenities are seldom substitutes for common sense.

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Tue Mar 21, 2017 3:15 pm

This site has been very accurate over the years in my opinion.
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Re: GBP vs THB

Post by HHTel » Tue Mar 21, 2017 3:20 pm

StevePIraq wrote:
Tue Mar 21, 2017 2:54 pm
I still think this site gives the best info and forecasts and full country breakdowns
http://www.tradingeconomics.com/forecast/currency

GBP to USD yr 2020 0.98
Euro to USD yr 2020 0.84
Thai to USD yr 2020 41.98
I really hope you are wrong. That shows the pound in a continual slide and at 2020 the pound is forecast to be 98 cents!!!

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Tue Mar 21, 2017 4:06 pm

HH you read, good on ya. It is not me forecasting by the way.
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Re: GBP vs THB

Post by HHTel » Tue Mar 21, 2017 4:33 pm

I realise you are not forecasting but you recommended this site as being " this site gives the best info and forecasts " That's why I said that I hope you are wrong!

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Tue Mar 21, 2017 4:41 pm

I think we all hope it is wrong except maybe for one rate which is the USD to Baht, I would be quite happy getting 41.98 to the dollar, however this would no doubt come at the cost of high inflation in Thailand which in effect would kill any benefit gained.

Unfortunately it is very hard to find projections for Sterling to the Baht, but as the Baht is somewhat tied to the dollar due to most Thai exports being priced in dollars one has to do a 3 way judgment. If Sterling does go down further against the baht it will really hurt people on a fixed income.
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musungu
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Re: GBP vs THB

Post by musungu » Tue Mar 21, 2017 6:53 pm

Well the good news for those holding sterling is that Uk inflation is rising, therefor BoE will raise interest rates imminently and so Sterling will improve upwards against the THB
Obscenities are seldom substitutes for common sense.

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