GBP vs THB

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Pleng
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Re: GBP vs THB

Post by Pleng » Tue Mar 28, 2017 5:10 pm

PET wrote:
Sat Mar 25, 2017 4:10 pm
The rate you receive at the ATM and when the Thai bank converts your FX into your bank a/c is the TT Buying Rate - I use Kasikorn and it changes throughout the day, but is always at that rate which is reported on their screen.
Never use dynamic currency conversion! Always say 'NO', when prompted. Your bank will give you a much better rate.

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Re: GBP vs THB

Post by oakdale160 » Thu Apr 20, 2017 7:36 am

The headlines on the finance pages--Pound soars on news of election---- |43b > 44b, thats nice for Brits but ist hat soaring??

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Re: GBP vs THB

Post by HHTel » Thu Apr 20, 2017 8:59 am

It's a knee-jerk reaction and will be short lived. 43 at the bank. Not 'soaring'.

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Re: GBP vs THB

Post by STEVE G » Thu Apr 20, 2017 12:40 pm

Apparently, the markets are seeing this as a signal for a longer and softer Brexit and it might be the start of a recovery of the pound. Obviously the election has to achieve the majority that May is looking for before there is any real change.
https://www.bloomberg.com/news/articles ... r-old-call

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Re: GBP vs THB

Post by redzonerocker » Thu Apr 20, 2017 1:55 pm

Nice to see the positive Charlies up and about, expert market analysts too :wink: :roll:
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Re: GBP vs THB

Post by STEVE G » Thu Apr 20, 2017 2:39 pm


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Re: GBP vs THB

Post by arcadianagain » Thu Apr 20, 2017 4:01 pm

oakdale160 wrote:
Thu Apr 20, 2017 7:36 am
The headlines on the finance pages--Pound soars on news of election---- |43b > 44b, thats nice for Brits but ist hat soaring??
On the other hand when the pound weakened by even less recently the headlines read "pound plunges"

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Re: GBP vs THB

Post by Pleng » Thu Apr 20, 2017 4:10 pm

STEVE G wrote:
Thu Apr 20, 2017 12:40 pm
Apparently, the markets are seeing this as a signal for a longer and softer Brexit and it might be the start of a recovery of the pound. Obviously the election has to achieve the majority that May is looking for before there is any real change.
The fate of the pound probably over the next few weeks is going to depend on which parties are doing well in opinion polls, and what their stance on Brexit is going to be.

If the Conservitives look like winning a landslide, and they talk about hard Brexit and leaving the free market, then it'll drop. If the Lib Dems and Labour look like making strong enough a comeback to threaten a hung-parliament then the pound will strengthen on the hope of a soft Brexit.

Then, of course, we'll have the election, all the opinion polls will most probably be proven wrong, and the pound will likely head into the opposite direction to which it had previously been going! :)

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Re: GBP vs THB

Post by Big Boy » Thu Apr 20, 2017 4:15 pm

For day to day tracking, I use the chart on the right of this page. It may not give the correct rate, but the trends are correct. I see it's dropped again today.
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Re: GBP vs THB

Post by Nereus » Mon Jun 05, 2017 4:12 pm

FX rules eased, baht rises

http://www.bangkokpost.com/business/new ... baht-rises

The central bank said on Monday it would relax foreign exchange rules, including allowing more Thais to directly invest abroad, as policymakers try to hold down the baht's strength.

The central bank will allow investors with assets of at least 50 million baht ($1.47 million) to directly invest in securities abroad, it said in a statement.
Commercial banks will also be allowed to lend baht to non-residents for investment in Thailand and the Greater Mekong sub-region, it said.

The baht appreciated further to 33.98 against the dollar, a near 23-month high, after the announcement, from 34.05 in early trade.
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Re: GBP vs THB

Post by Thistle » Tue Aug 15, 2017 4:22 pm

Pound v Baht again broke the 43,00 level in this afternoons trading,not a very promising outlook based on past performance at this level.

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Re: GBP vs THB

Post by JimmyGreaves » Thu Aug 17, 2017 6:38 am

It's a fecking disaster if we go below 40 it'll be rice and fish sauce!!!

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Re: GBP vs THB

Post by oakdale160 » Thu Aug 17, 2017 7:41 am

Its true Jimmy, on page one, great concern that the pound is falling to 65.

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Re: GBP vs THB

Post by oakdale160 » Thu Aug 17, 2017 10:50 am

)ver a year ago, I sat with a bunch of retired British guys who had all been here for several years and asked the question--how low would the baht have to go to make you move back to the UK. There was general agreement on 45. The baht is below that and unlikely to rise very much, but none of them have made any move to leave. I am sure that there is a number, but we have not reached it.

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Re: GBP vs THB

Post by StevePIraq » Thu Aug 17, 2017 12:08 pm

The straw that will break the camels back will be when your UK pension no longer meets the requirements of 65k Baht per month to allow you to stay. I know one gent 72 years old with a home here who will not meet the requirement come February 2018 when he next has to renew. He has been trying to sell his home for years so he can get cash in the bank, all to no avail. He no longer has a home or family in the UK.
He has no idea what he is going to do.
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