GBP vs THB

[chopsticks]

Reports say Sterling is at a 3 month low (against USD ?) so if the Baht hadn't dropped as well it may have now been about 45-46 Baht to £.

[sargeant]

This thread has been going on since Methuzalas birth and no one has even vaguely got it right


pleng wrote

I am absolutely not an expert in any of this.

There have been some who thought they were experts
a lot of them are either back in their own countries, gone cap in hand or just passed on
so dont worry about your lack of expertise pleng its not necessary on this thread

[sargeant]

last week for about 29 hours BBC was reporting money in the EU being withdrawn and put into safe haven bonds the US and yes it baffled me the UK

shocked (at safe haven ) my thought was well more money in means pound goes up

well says I on with my drawers plastic ATM in pocket of i go to withdraw monthly victuals stipend

and was gobsmacked to find that it was a whole one baht less than the week before

If anyone can fathom that they are wiser than me gunga din

93 Bt a UK£ on the day i arrived in 1998 its now lost 50% and i am still here so i must have got something right

[PET]

last week for about 29 hours BBC was reporting money in the EU being withdrawn and put into safe haven bonds the US and yes it baffled me the UK

shocked (at safe haven ) my thought was well more money in means pound goes up

well says I on with my drawers plastic ATM in pocket of i go to withdraw monthly victuals stipend

and was gobsmacked to find that it was a whole one baht less than the week before

If anyone can fathom that they are wiser than me gunga din

93 Bt a UK£ on the day i arrived in 1998 its now lost 50% and i am still here so i must have got something right

The point about sterling being considered safe by investors at present is due to the fact that its debt ( as large as it is) is repayable after 13.5 years whereas the likes of Greece, Spain, Portugal, Italy etc have significant short term repayment dates this year and the following years.

The Market considers that the UK can safely manage its debt on this basis, but considers the debts of those paying yields of 6++% unsustainable. New UK debt yields are around 1.5%, so the difference is significant.

This does not mean the Sterling/Bhat exchange rate will improve as the Uk government wishes sterling to remain weak in the near term to promote exports and therefore growth.

The market may be wrong but this is what they perceive currently and they are the experts !!

[chopsticks]

Has fluctuated markedly over the years - wasn't it below 40 Baht to the pound around 1990 though ?

[Big Boy]

I remember 31 Baht to the Pound in 1991.

[chopsticks]

I remember 31 Baht to the Pound in 1991.

and 93 Baht in 1998 so 300 % difference

[PeteC]

The Pound just broke 50 this afternoon. Pete

[sateeb]

BRITISH POUND STERLING GBP 50.30625 50.88375 49.71375 49.46375 49.31375 49.11125


GBP Pound Sterling 49.19524 49.50924 49.50924 49.66125 50.26875 50.59875


Where? Not according to Kasikorn or SCB. Take no notice of that rate given on the right hand side of this Forum. Still 49.5 or 6 is better than 45

[Spitfire]

Usually, as soon as someone posts on this thread about it hitting 50 it jumps back down.......shhhhhhhhhhh!

[blue05]

I remember 31 Baht to the Pound in 1991.

and 93 Baht in 1998 so 300 % difference

Possibly the asian crash had a lot to do with that in 1998

[PeteC]

£ 1 £ 5 £ 10 £ 50 £ 100 £ 250 £ 500
THB ฿ 49.99 ฿ 249.96 ฿ 499.91 ฿ 2499.57 ฿ 4999.14 ฿ 12497.85 ฿ 24995.69

Yes, it's back down to 49.99 on international markets. Thai banks will catch up at a slower speed as usual. Pete

[PET]

BRITISH POUND STERLING GBP 50.30625 50.88375 49.71375 49.46375 49.31375 49.11125


GBP Pound Sterling 49.19524 49.50924 49.50924 49.66125 50.26875 50.59875


Where? Not according to Kasikorn or SCB. Take no notice of that rate given on the right hand side of this Forum. Still 49.5 or 6 is better than 45

The BEST closing rate in Thailand today for TT buying was 1,49714 at Siam Commercial Bank for bank Swift transfers or ATM's

[Dannie Boy]

Surprised nobody else has mentioned the fact that over the past few weeks, the exchange rate has dropped by over 2 Baht to the Pound - any specific reason why?

[SunandFun]

Same for the US$. Of course I thought it was the possibility and likely hood that the US will be downgraded due to inability to avoid overspend of budget limit. Government will be shut down. Not sure why Pound has dropped. Maybe because they are friends of the US. Has something happened positively with Thai economy?