thai baht where is it going
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JimmyGreaves
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The understudy
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[quote="ozuncle"]Hello The Understudy.
I have found that xe.com and various other companys are all way out when I have transferred money from Australia.
As mentioned I believe the best way is to T/T in your currency and let the Thai bank do the exchange.
eg. As of now:-
XE.COM 1.00EUR =43.3991 THB
The actual rate of exchange at Bangkok Bank now is 46.11 THB
If you do it this way you are almost certain to get exactly what it says on the internet. There could be a minor change as adjustments occur during each day and there is a small fee from the bank.[/quote]
Thank you ozuncle for the suggestion. That gives me another point of View. But as a reminder xe.com uses a complicated mid rate from how they calculate the exchange rate. It's mind bogggling I so it like ozuncle that way I less work for me goof exchange rates by the bank.
Your's the understudy!
I have found that xe.com and various other companys are all way out when I have transferred money from Australia.
As mentioned I believe the best way is to T/T in your currency and let the Thai bank do the exchange.
eg. As of now:-
XE.COM 1.00EUR =43.3991 THB
The actual rate of exchange at Bangkok Bank now is 46.11 THB
If you do it this way you are almost certain to get exactly what it says on the internet. There could be a minor change as adjustments occur during each day and there is a small fee from the bank.[/quote]
Thank you ozuncle for the suggestion. That gives me another point of View. But as a reminder xe.com uses a complicated mid rate from how they calculate the exchange rate. It's mind bogggling I so it like ozuncle that way I less work for me goof exchange rates by the bank.
Your's the understudy!
In Love with Hua Hin since 19naughty9 and it ain't fading!!!
(My fable for All Things Japanese knows no boundaries!) Proud Student of Stamford University Hua Hin Campus from 1999 to 2004 (5th Batch of Graduates.)
“Once you survive Stamford U Hua Hin Campus only you can survive anything!!!”
(My fable for All Things Japanese knows no boundaries!) Proud Student of Stamford University Hua Hin Campus from 1999 to 2004 (5th Batch of Graduates.)
“Once you survive Stamford U Hua Hin Campus only you can survive anything!!!”
Na. It'll go to 91 to the pound as it did just before I bought my bar years ago.HHTel wrote:Stop press: The Thai baht will sink and the exchange rate for the pound will rise above 80 baht in around a week's time.
Reason: My annual pension gets transferred in 3 days time. Knowing my luck the inevitable will happen after I get short rate!!
I can dream on
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HansMartin
- Professional
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- Location: Back Home in CA
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HansMartin
- Professional
- Posts: 270
- Joined: Tue Dec 27, 2005 7:50 am
- Location: Back Home in CA
What I want to know is how much is the exchange rate in HH or Pattaya at a currency booth. In other words, it is Saturday nite & I've run out of Bhat, but i do have $100US. How many bhat will I get for that.?
I'm trying to figure out how much to transfer over, and how much extra I should bring along. If I transfer over too much it either stays over there or is given away by my wife to family.
Greenbacks come home witjh us.
I'm trying to figure out how much to transfer over, and how much extra I should bring along. If I transfer over too much it either stays over there or is given away by my wife to family.
Greenbacks come home witjh us.
THAI BHAT
At the moment the Thai bhat is 68.42 to the bps (uk) . When i transfer money from my bank in the uk to my Bangkok bank in cha am, i always ask for commercial rate and get what it is in Thailand banks on the day . Yes when i came in 97 it was around 94 bhat to 1 bps. Wasn't that good.
The Thai currency is part of the realignment of currencies taking place with the devaluation of the US$. The US$ is under pressure both from the high level of personal consumption expenditure financed by the banks from borrowings from China and Japan, and from the huge US budget deficits. US government deficits are being exacerbated by the need to finance Bush’s foray into Iraq. The pressure on the US$ also arises from movement for the euro to replace the US$ in a number of commodity transactions, and the continued failure of the Chinese to revalue their currency.
The AUD is at a 19 year high against the US$, although the AUD has lost ground against the Thai Baht since 2006. From what I can gather, part of this can perhaps be explained by looking at the exchange rates pre the Asian economic crisis of 1997, and then trending the current Baht exchange rates over say a 20 year period rather than just the period post the 1997 crash.
I think that those who settled in Thailand in the period 1997 to say 2006 were very fortunate in being able to take advantage of a currency exchange rate that was still recovering from the 1997 crisis.
Thailand stands to benefit from the growth in the Indo-China economies, and the ASEAN economies stand to benefit from the growth of both the Chinese and Indian economies, but is perhaps more susceptible to problems caused by any disruption of oil supplies that might result from any US Iran clash later this year. Whilst the Baht still has room to go higher relative to the US$ consequent upon the continuing devaluation of the US$, the Baht is unlikely to go much higher relative to the Euro, the pound or the AUD. In short, don't expect things to go back to where they were a few years ago.
The Baht is however, very susceptible to any cataclysmic consequences of the Lone Ranger deciding to have a follow up shoot out at the OK coral.
The AUD is at a 19 year high against the US$, although the AUD has lost ground against the Thai Baht since 2006. From what I can gather, part of this can perhaps be explained by looking at the exchange rates pre the Asian economic crisis of 1997, and then trending the current Baht exchange rates over say a 20 year period rather than just the period post the 1997 crash.
I think that those who settled in Thailand in the period 1997 to say 2006 were very fortunate in being able to take advantage of a currency exchange rate that was still recovering from the 1997 crisis.
Thailand stands to benefit from the growth in the Indo-China economies, and the ASEAN economies stand to benefit from the growth of both the Chinese and Indian economies, but is perhaps more susceptible to problems caused by any disruption of oil supplies that might result from any US Iran clash later this year. Whilst the Baht still has room to go higher relative to the US$ consequent upon the continuing devaluation of the US$, the Baht is unlikely to go much higher relative to the Euro, the pound or the AUD. In short, don't expect things to go back to where they were a few years ago.
The Baht is however, very susceptible to any cataclysmic consequences of the Lone Ranger deciding to have a follow up shoot out at the OK coral.
I don't have a need to do that, but if I get downtown near an exchange booth I'll look at their rate. Checking my USA bank records, I've been getting 34.5, 34.4, 34.3 over the last few weeks with ATM withdrawals here which are fee free. PeteHansMartin wrote:What I want to know is how much is the exchange rate in HH or Pattaya at a currency booth. In other words, it is Saturday nite & I've run out of Bhat, but i do have $100US. How many bhat will I get for that.?
I'm trying to figure out how much to transfer over, and how much extra I should bring along. If I transfer over too much it either stays over there or is given away by my wife to family.
Greenbacks come home witjh us.