GBP vs THB

Spitfire · Post by **Spitfire** » Sun Sep 21, 2008 9:43 am

Er....well, today's rate is 62.3561 (x-rates.com).

Keep going up baby!

Post by **Guess** » Sun Sep 21, 2008 9:54 am

spitfire wrote:Er....well, today's rate is 62.3561 (x-rates.com).

Keep going up baby!

That's actually a tiny lowering (4 satang) since yesterday evening Thai time but i don't think minor fluctuations mean much. The point is that the pound has stopped falling and is actually gaining some ground.

I am not one for predictions but it looks good for all you Pound earners.

Perhaps it is good to believe the gloomy predictions. That way you won't be disappointed.

Spitfire · Post by **Spitfire** » Sun Sep 21, 2008 10:04 am

Quite right Guess,

The eleventh commandment "Blessed is he that is pessimistic for he will never be disappointed".

sargeant · Post by **sargeant** » Sun Sep 21, 2008 11:23 am

X-Rates .com
friday19th rate = 62.3561

Bangkok Bank online
friday19th rate Buying 60.22 ... Selling 61.91

optimism is good which one do you get when you give the bank a pound

Spitfire · Post by **Spitfire** » Sun Sep 21, 2008 11:41 am

Think you mentioned about Nationwide Sarge, I've heard good things about them aswell when you take money out overseas, ie no sneaky charges.
The Natwest is more stingy(about 2%, last time I checked), will have to change next time I go to the UK. That's the problem, all the light fingers at the banks here and at home with the ATM transactions, just to get at your money.

But I suppose, so long as it keeps going up then it's cool.

ozuncle · Post by **ozuncle** » Sun Sep 21, 2008 12:12 pm

Sarge,
In answer to your question 60.22

sargeant · Post by **sargeant** » Sun Sep 21, 2008 12:14 pm

I draw my pension in 3 sometimes 4 lumps each month from ATM and i am 50plus quid a month better of with nationwide due to no charges as against Barclays who i was with for 40 years
I have the same overdraft facility and it is also about 50% cheaper than Barclays were %age per month that is
I agree i hope the pound goes up and keeps going But the repercussions of this sub prime is a very long way from done because they (to quote a bloomberg person ) sliced diced and then packaged it and sold it all over the world as a product.
The problem with the pound is it is and virtually always has been in the dollars slipstream and where that is headed long term is in the lap of the gods
All this money being pumped in i think /guess could cause them to print more money and the dollar fall

sargeant · Post by **sargeant** » Sun Sep 21, 2008 12:21 pm

OZ yes i know the point i was making is its a country street away from 62.4
And it is a thai bank in thailand

ozuncle · Post by **ozuncle** » Sun Sep 21, 2008 12:47 pm

Yes Sarge,
Recently I dared to make a comment that I thought those X-Com type rate quotes were irrelevant and I was promptly put back in my box by Guess who?

sargeant · Post by **sargeant** » Sun Sep 21, 2008 12:51 pm

Norseman please note i have been asked to make a guess

MY guess is The Grand Poohbah is that close enough OZ

Post by **miked** » Sun Sep 21, 2008 12:56 pm

i Guess they support spurs. are they still bottom. ???
miked

Post by **Guess** » Sun Sep 21, 2008 1:57 pm

sargeant wrote:................guess could cause them to print more money and the dollar fall.......

begin
I think you overestimate my power a little there. I am not sure what I would have to do.
end

The rates quoted are as of Friday 19th. The two days that have passed account for the minor differentials. Banks are not generally open at weekends so the Friday rate stays advertised until Monday. I think that the kiosks may reflect the current rate which should be a little more in Baht right now.

I don't know why the off topic US dollar is still being mentioned on this thread. Hopefully to put it to bed finally. It is not, as suggested linked to the Pound in anyway despite the US being the UK's second largest trading partner after Eurozone.

In fact the opposite is true. During WW2 it was 4 USD to one pound. Later the Pound devalued to about 3 to one Pound. Harold Wilson devalued it further to 2.4 Dollars to one Pound. In the last 15 years its has been up and down relative to the UK pound from 2.12 to 1.05.

Recently it almost hit 2 again. My sums make that double. Currently the two currencies are moving in the opposite direction.

I challenge anybody to explain how this means they are linked or "in the slipstream of". Must be one of those "idiot professors of economics" again.

ozuncle,
begin
you mentioned about xrates being irrelevant. I corrected you and told you that they were the rates by which the banks operated. Since then Khun Rantages has quoted them.

So what's it to be irrelevant or not. Shooting oneself in the foot springs to mind.
end

People who open this topic would expect to read a debate about the UK Pound Thai Baht rate rather than this tangential US mortgage stuff and all the he said, you said, she said bullshit.

I am sure that you guys are capable of getting onto the relevant sites to confirm things before frenziedly dancing all over they keyboard.

If anybody needs help understanding the begin and end statements, let me know.

The rates will probably change again when the banks and stock exchanges are fully open in both countries.

sargeant · Post by **sargeant** » Sun Sep 21, 2008 2:23 pm

Quote guess
sargeant wrote:
................guess could cause them to print more money and the dollar fall.......

Typical of the poster taken out of context innacurate and a deliberate twisting of what i posted
Surmise what ..................... says in my post

quote as it should be " i think /guess could cause them to print more money and the dollar fall

Post by **MorgansPride** » Sun Sep 21, 2008 2:28 pm

Does anyone know if you get a better rate by transferring money into a bank in Thailand from the UK or better to bring pounds over? I'm thinking of coming over with just a few pounds then set up a bank account and get my bank to transfer more money over. Is this a good plan?

sargeant · Post by **sargeant** » Sun Sep 21, 2008 2:49 pm

Quote guess
Sun Sep 21, 2008 12:27 am Post subject:
The current rate of "the free" falling UK pound vs the stable Baht is 62.4.

Quote spitfire
Sun Sep 21, 2008 9:43 am Post subject:
Er....well, today's rate is 62.3561 (x-rates.com).

Quote guess
Sun Sep 21, 2008 9:54 am Post subject:
spitfire wrote:
Er....well, today's rate is 62.3561 (x-rates.com).
Keep going up baby!
That's actually a tiny lowering (4 satang) since yesterday evening

Small problem your yesterday evening is a Saturday and just a tad wrong as spitfires today rate was Fridays rate explain please

Quote Khun Rantages
Sun Sep 21, 2008 11:23 am Post subject:
X-Rates .com
friday19th rate = 62.3561

Bangkok Bank online
friday19th rate Buying 60.22 ... Selling 61.91