thai baht where is it going

[Handsome Buddha]

I know it's a little off subject, but, what rate could I get at the moment for sterling travellers cheques?
I've been told I'm better changing my money in Thailand rather than in the UK?
Only 7 weeks to go!

[sargeant]

Sorry lomu and all 27??? sponge slipped i was talking with a mate and his recollection for the doller popped in to hole in head left from eating hamburgers in my distant paaaast I think from faaading memory 35 was the lowest i ever got
BB about then yes i was trying to recall it had a very busy day on HHAD and my batterys were mott
True lomu and it is why i started this thread in the first place i dont understand it and didnt want to give bad advice
Thanks guess i thought that was what you meant and its easy to pass on to my peops even i can understand it
just a question how much does tourism effect the currency and all the money going/coming into property

[Thaiclan]

Always change in Thailand not UK. At the mo its under 70baht to pound and looks as though the baht will remain strong and get a little stronger in the next few weeks. Check out xe.com for the most accurate spot rates.

[Big Boy]

Handsome Buddha wrote:

what rate could I get at the moment for sterling travellers cheques?

I always look here http://www.bangkokbank.com/Bangkok+Bank ... +Rates.htm - if you look in the Buying Rates TT column, it will give you a pretty good idea. Check it out against what you can get in the UK, and you'll understand why people tell you change them in Thailand.

[Huahinian]

When I arrived, there were 25 Baht to the US Dollar and 36 to the pound sterling.

[lockwood74]

I have used a Chinese money exchanger in Sathorn Bangkok for the last couple of years and the rate has always been about 1 baht above BKK Bank rate. Makes a lot of diference when you are exchanging large sums to construct a house and to buy land.

Unfortunately the money exchanger I used has now closed, the owners have retired and their only son didnt want to continue the business. These companies tend to operate within the Chinese business community in Bangkok, and are for large sums of money only. ie £10,000 plus.

DOES ANY ONE KNOW OF ANOTHER MONEY EXCHANGER !!!

Regards JOHN

[HansMartin]

For significant transfers, we wire from our bank in the USA to my wife's account in Thailand; but we still bring $$ with us to exchange.

Last November (2005) it was 40+ bhat per dollar. This September it was 38.5 to $$ when we did our bank transfer. By the time we got to Thailand in September it was 37.5 bhat per $$ (100 bills), by the time we left in Oct. it was 37.1 !!!


That is about a 10% devaluation in a year. This does not impact our travel, but has a huge impact on major purchases (i.e. property).

I think this is mostly a US issue--even Canadian $$ have appreciated against the US$. Basically we have so much foreign debt that the Bushies want to repay in cheap $$. I have no idea where it will go in the future, but I am glad that we have investements over there that will pay us back at the old exchange rates.

[Mack111]

sargeant

Sure a lot of things said by Guess are true and I’m no expert that’s for sure but I sit next to our commercial manager in the office who faff's about with buying and selling oil on the international market and buying steel / equipment for constructing oil rigs and there is a lot more into currency value than exports / imports etc so if your asking the question with regards to making some short term investment cash I would tred carefully as it seems to be a bit of a mind field that even the commercial manager guy gets confused with

cheers

[sargeant]

Mack 111 ME invest all i have is a measly 800,001 baht a year pension
an investment to me in my perilous finanial position is:- just one more then i am off home full stop.
Guess has given me a 5%up and down target thats pretty big and easily told to the friends in the UK that ask and very little chance of me ending up looking a prat

The closest i would get to your commecial mgr is when i fill my motor bike up

thanks for the input anyway

[Rider]

Mack 111 ME invest all i have is a measly 800,001 baht a year pension
an investment to me in my perilous finanial position is:- just one more then i am off home full stop.
Guess has given me a 5%up and down target thats pretty big and easily told to the friends in the UK that ask and very little chance of me ending up looking a prat

The closest i would get to your commecial mgr is when i fill my motor bike up

thanks for the input anyway

800,000 a year! Lucky you! I know a lot of falang on a lot less than 800k!

[Mack111]

Sorry mate for dishing out advice

I was just worried that you were away to try and make a killing in the currency market that look easy to understand on the face of things.

My GF seems to take up the role of commercial manager in our house with my only input and interest is that of strategically counting how many beers I can afford on a night out

cheers

[sargeant]

Rider you missed the one extra baht hence the
If i had 799,999 i would not be here and it would have been

And it has nothing to do with luck i planned it saved every single penny allowed by law in my pension fund and didnt piss it up the wall untill i came here

Mack111 it was that sort of advice i was looking for for others who ask me from the uk, because they know i have been here a long time i am expected to know it all and i am quite happy to admit i dont. Its just not even on the horizon for me personaly. so thanks again for your input

Ditto mrs sarge is our chancelor of the exchequer and bluddy damn good at it she is
I am the A typical fat, bald,mumbling, walking, ATM with a beutiful slip of a thing holding my hand (when i can let go of my zimmer frame and still stand up ) sorry dawn couldnt resit it i need therapy???

[JimboPSM]

The Bank of England has shocked the markets in the last hour and raised its interest rate to 5.25% today.

This was a major surprise to me and, according to Bloomberg which I am watching at the moment, was probably an even bigger surprise to the 52 economists that they had surveyed who unanimously said there would be no increase today.

The immediate result has been a rise of GBP against most other currencies (including THB) of nearly 1%.

Also, just announced a few minutes ago that ECB has left the Euro interest rate unchanged at its meeting today – that was no real surprise.

[lomuamart]

I'm certainly not an expert on this, but when I was back in the UK in Sept last year, my father spoke of a .25 interest rate rise before the end of the year - which happened - and another 2 (of between .25 and even .5 before the end of this year).
I'd have to go back a bit in newspapers that I've read, but even their business pages were suggesting another .25 early this year.
At least these increases were written into my budget as early as last May.
What a lot people never realise is that a .25 increase on a rate of 5% is actually a 5% increase - not .25%.
The housing market in the Uk needs to slow down. This wasn't unforeseen at all.

[bozzman101]

i remember when a quid was 144 pence

ten bob note five shilling half crwn florin shilling 6d 3 d 1d

half penny farting oops farthing

how much was a bath then??