GBP vs THB

Post by **malcolminthemiddle** » Wed Mar 11, 2009 8:54 pm

Khundon1975 wrote:
I agree with you, it is difficult at times to express in words when not face to face, however "AXXXS" as Pet put it, is not subtle and is, in my mind flaming and against the rules of the forum, that is why I gave her a mouthful, and will again if she insists on flaming.

Don, if you read through Pets post more carefully I think you will find “smart aXXXs” means smart “Alec's", only you have called yourself an ass*****

Anyway, back to topic , who has the chocolate medal now you, Sarge or any one else?

Spitfire · Post by **Spitfire** » Wed Mar 11, 2009 9:12 pm

Malc ITM, don't want to be perdantic but T&C says "Please be respectful of other users of the forum" and anachronisms/ellipsis/vagueness such as the one you just mentioned happens to be very ambiguous and leave a lot of open ground for interpretation/inference problems.

I think I have already mentioned this! Do not assume that everyone is "zoned" into your lingo or way of thinking.

Do you assume that everyone on this forum infers/gets what you and others are implying just because it makes sense to you?

Ridiculous! If you or PET/anyone else want to be ambiguous with your language/posts then you must accept a "backlash" of comments that are inquisitively unclear about "What the hell you are you getting at?"

Post by **miked** » Wed Mar 11, 2009 10:01 pm

could we please get back to the subject GBP v Thai baht. anyone any views on future rates.?? i have done a great deal of research but on
DEC 26Th 2007 i forecast rate of 54baht Oct 2008. took a lot of ridicule but turned out i was spot on. not going to put my head on the block again without getting informed opinions first.
anyone prepared to give a rate for September 2009 and more importantly explain the thinking behind it. i have a particular reason in making the date September and those of you who understand the current economic situation will know why.
miked

Post by **Khundon1975** » Wed Mar 11, 2009 10:15 pm

malcolminthemiddle wrote:
Khundon1975 wrote:
I agree with you, it is difficult at times to express in words when not face to face, however "AXXXS" as Pet put it, is not subtle and is, in my mind flaming and against the rules of the forum, that is why I gave her a mouthful, and will again if she insists on flaming.
Don, if you read through Pets post more carefully I think you will find “smart aXXXs” means smart “Alec's", only you have called yourself an ass*****

Anyway, back to topic , who has the chocolate medal now you, Sarge or any one else?

malcolminthemiddle Hi

I am an ass**** (very tight) when it comes to money.

Who was it said "making a million, is not that difficult but holding onto it is"?

Getting the best exchange rates for your money at any time is difficult, but as I said before, do your homework and then decide, are rates going up or down, do I change or do I not. It can be a bit of a crap shoot, trying to get it right.

I did the same with our properties in early 1989 and 1997 and again in early 2007.
Sold all my properties at the top of the market and bought back in, at the bottom.

Property speculation is not rocket science, as the movement of prices is comparatively slow, unlike currencies, which can drop over night.

I believe a lot of the fluctuation in currencies, is caused by large institutions and rich speculators and also by jittery dealers.

Anyone who has tied in their retirement, to a volatile currency like the Baht, is in for a rocky ride and I wish them luck.

spitfire

Thanks though for your observations on abbreviations, I try not to use them when possible, as some can, as you said, be misinterpreted.

The chocolate award (cream egg) must, IMHO

go to SARGENT

unless anyone out there can better it?

Edit thanks to DM

Post by **dtaai-maai** » Wed Mar 11, 2009 10:21 pm

spitfire wrote:Malc ITM, don't want to be perdantic but T&C says "Please be respectful of other users of the forum" and anachronisms/ellipsis/vagueness such as the one you just mentioned happens to be very ambiguous and leave a lot of open ground for interpretation/inference problems.

I think I have already mentioned this! Do not assume that everyone is "zoned" into your lingo or way of thinking.

Do you assume that everyone on this forum infers/gets what you and others are implying just because it makes sense to you?

Ridiculous! If you or PET/anyone else want to be ambiguous with your language/posts then you must accept a "backlash" of comments that are inquisitively unclear about "What the hell you are you getting at?"

Blimey, is there a moderator/intermediary/warden/grim reaper spot up for grabs? If you get it, spitfire, you'd better find out what 'anachronism' means first!

oops, sorry -

but sometimes it's so hard to resist...

Post by **Khundon1975** » Wed Mar 11, 2009 10:24 pm

I meant abbreviations in my last post, I expect that explanation is wrong as well.

Spitfire · Post by **Spitfire** » Wed Mar 11, 2009 10:50 pm

Very good DM, you're the naughty boy on this one.

but just to be pednantic, anachronism(a person, thing or idea that exists out of its time in history, especially one which happened or existed later than the period being shown/discussed etc.)

However, agree,

The lines are fine! Fair play, getting nittpicky dude.

It was mixed with a few other "vague" descriptions aswell DM, an overall view to be honest.

However, your previous post was "literally" correct, so fair play.

Super Joe · Post by **Super Joe** » Thu Mar 12, 2009 6:30 am

Divs.

SJ

Post by **MrPlum** » Thu Mar 12, 2009 7:11 am

miked wrote:could we please get back to the subject GBP v Thai baht. anyone any views on future rates.?? i have done a great deal of research but on
DEC 26Th 2007 i forecast rate of 54baht Oct 2008. took a lot of ridicule but turned out i was spot on. not going to put my head on the block again without getting informed opinions first.
anyone prepared to give a rate for September 2009 and more importantly explain the thinking behind it. i have a particular reason in making the date September and those of you who understand the current economic situation will know why.
miked

40 possibly lower. The UK is insolvent and the quadrillion $ toxic waste has not yet gone through the system. With house prices continuing to fall, what's going to stop the rot?

Post by **Wanderlust** » Thu Mar 12, 2009 8:00 am

miked,
Fair play to you with your previous predictions but I still don't understand how anyone can make them when to an outsider there are so many factors that can affect currencies. My gut feeling is that the poiund will drift along around the same level, possibly slightly lower but not much, and then later in the year will start to rise against the baht as the secondary effects of the credit crunch and the high baht kick in here; equally I think the dollar will be integral to this, as the baht appears to shadow it against the pound. I was wrong before though so i probably will be this time too. The only reason i can think September is important is that 'crashes' in the financial sector often seem to happen then, possibly coincides with half year reporting for many companies?

PET · Post by **PET** » Thu Mar 12, 2009 9:19 am

PET wrote:So the Uk in in a recession - anybody surprised?

1.
North Sea oil is drying up. We used to be exporters but are now net importers.
2.
The London Financial System was a main contributor to the Balance of Trade - it is now finished.
3.
The UK banking System is in serious trouble.

These major sources of income for UK are disappearing and cause a major problem for sterling.
There are reported comparisons at present with what happened to the Iceland Kroner - although I do not believe the end result will be the same, it is worrying.

Sterling is in for a very rocky few months so do not blame the Baht for the poor exchange rate!

The Dollar which takes around 65% of world investments is merely the best place to put funds at present, but when the turmoil is over (or perhaps a few months before) just watch it devalue as investment sentiment goes elsewhere.

This is not good news for those in LOS relying on Fixed Sterling income.

Miked

My above post gives my views in part but you have asked a very difficlut question.

The situation has changed somewhat in the last two weeks with the UK Govt taking more control of banks' and the BofE creating more liquidity to (hopefully) ensure the banks' recommence commercial lending. Furthermore the inter-bank market will get started again. They have publically instructed Nortrhern Rock and no doubt RBS and Lloyds will follow. Also the BofE bought Bonds yesterday and their new £150 billion facility will also go towards this.

The UK will not get out of the recession IMO until the financial sector is back and running with confidence. The abovementioned liquidity measures could well achieve this together with the removal of so called 'toxic assets' from the banks' balance sheet, which the govt is planning.

If the UK economy improves sufficiently then the FX markets have historically anticipated this by 6 months.

As to a STG/Baht rate this September I see a small improvement from the present, but much greated`in 2010. Why, because the current measures have to succeed and the US dollar should start to weaken as confidence returns to other leading economies.

As to my previous post which has brought some unfortunate comments, I agree with SPITFIRE that one should be more 'precise' and of course, as already mentioned, the missing word was 'alecs'. Why such a vulgar alternative should have been presumed is beyond me.

Post by **MrPlum** » Thu Mar 12, 2009 10:09 am

Pet. Succinctly put. What about the 'shadow' banking system, the REPO market? Gordon Brown said this shadow banking system had to end.

I'm stocking up on tally sticks, myself, which worked really well for 726 years.

http://www.xat.org/xat/moneyhistory.html

Post by **miked** » Thu Mar 12, 2009 12:47 pm

i,m with Pet on this, and i also think he gave an excellent post. the pound should strengthen during the year when the BOE measures begin to work. yes they will work. the BOE after a slow start is now well ahead of the curve.
slightly off subject. the euro is expected to fall a "significant" amount. doesn't surprise me the ECB is slow to react and the problems in Europe are far greater than the U.K. the Australian dollar also is forecast to fall around 25%
must be the Thai bahts turn soon.??
miked

Post by **malcolminthemiddle** » Thu Mar 12, 2009 2:49 pm

miked wrote:could we please get back to the subject GBP v Thai baht. anyone any views on future rates.?? i have done a great deal of research but on DEC 26Th 2007 i forecast rate of 54baht Oct 2008. took a lot of ridicule but turned out i was spot on. not going to put my head on the block again without getting informed opinions first.
miked

Miked, you do make me laugh with your repeated claims of clairvoyancy.

miked wrote:Please don't shoot the messenger.!!
i have been a little concerned about the strengh of the thai baht this last week. i didn't think the fall was the normal up and down that you expect.
american express are giving the following forcast for the thai baht at october 2008.

30 thai baht us dollar.
54 thai baht sterling.
i hope that they have got it wrong. i like most of you depend on sterling in order to live here. its all to do with the credit crunch and the slowdown in the states, europe and the u.k.as i say this is not my forcast so please don,t slag me off. i,m just trying to warn you of what might happen.
mike

Funny how the messenger is now the prophet. You don't own American Express do you?

Post by **STEVE G** » Thu Mar 12, 2009 3:23 pm

After ten minutes on the net over my morning tea, I’m going to predict 59 bt to the pound by September.
There was not too much science involved in this, and it is largely based on an up-beat forecast on sterling that I found on a financial site.