GBP vs THB

[Digger]

What is going on here all together? :shock:[/quote]

While it was generally expected that interest rates in UK would not drop at early october meeting,Mcbroon summoned BOE governor for talks,actually demanding that interest rates drop NOW in uk regardless of Mcbroon always championing for 10 years that he made BOE independent.
Result will come around oct 10th.If they drop more than .25% can expect another run on the pound.
However with inflation at near 5% and interbank lending at 7% .rates should stay the same.Its cheap money that got all the banks in this present predicament.
All things considered its a white knuckle ride for sterling holders just now.
My recommendation is that all residents in Thailand that bring funds from UK sell as many pounds to baht as they can ,its not going to get better.

[BaaBaa.]

My recommendation is that all residents in Thailand that bring funds from UK sell as many pounds to baht as they can ,its not going to get better.

The last thing I'll be doing at this moment in time is buying a large amount of Baht with my sterling.

Call me crazy but I always thought it was better to do that when the rate is good.

[Super Joe]

My recommendation is that all residents in Thailand that bring funds from UK sell as many pounds to baht as they can ,its not going to get better

Never ever ever, will it get better ever never.
Sell sell sell.

SJ

[BaaBaa.]

My recommendation is that all residents in Thailand that bring funds from UK sell as many pounds to baht as they can ,its not going to get better.

Well its already got better, up to 60.72 today.

[Guess]

All things considered its a white knuckle ride for sterling holders just now.
My recommendation is that all residents in Thailand that bring funds from UK sell as many pounds to baht as they can ,its not going to get better.

I don't like to make predictions but this is more or less how I se it too.

It looks like the Brits are firefighting to keep the Pound where it is. It did lose some ground over the last few days but has rallied.

The Thai Baht is another story. I can't explain why it has had thew prolonged period of stability. It has strengthened over the last few days which of course compounded the GBP vs THB rate. Both seem to have settled back with the bank rate at 61,5??? giving a buy Pound rate of 60.5???.

I can't see how this can increase in the near future. The UK economy has to fund deficits left by over borrowing at low interest rates. Without major changes in the Eurozone and the US I would expect the pound to remain at the same value or decrease slightly.

The Thai economy (according to the BofT) is cash rich. The increase in Fuel prices and imports on the whole has caused a reduction in imports. Exports however are still fairly strong and many exports are fetching more (e.g. rice). The net effect is that the balance of payments is more healthy. I would expect the Thai Baht to maintain its position and if anything gain a little.

Not what you all want to hear but if I am wrong, you gain.

[sargeant]

13 minutes ago the bank of ayudhya rate went up from 59.25 to 59.38

[sargeant]

45 minutes ago the bank of ayudhya rate went up from 59.38 to 59.6

[crazy88]

What is it now ?

Crazy 88

[STEVE G]

Bangkok Post.com
Mr Narongchai, a former commerce minister, said that the demand for Thailand's baht currency is rising as banks have become reluctant to extend dollar loans to finance investment projects in Thailand, causing a decline in the normally plentiful liquidity of the baht in the system.
http://www.bangkokpost.com/breaking_new ... ?id=131102

[MartinJ]

Does any one know a good site to keep an eye on rates

And thoughts on the best place to exchange the UK£ to the Baht?

At the airport or a place in Hua Hin ?

Advice most welcome ( be there in 7 days)

Thanks

[Big Boy]

I use this one http://www.bangkokbank.com/Bangkok+Bank ... +Rates.htm

[sargeant]

Try this one http://bankexchangerates.daytodaydata.net/default.aspx

PSST its the one SJ gave me

[Guess]

Does any one know a good site to keep an eye on rates

........................At the airport or a place in Hua Hin ?............Thanks

In Hua Hin for more reasons than just the rate.

[MartinJ]

Guess

I may have miss explained my self here. I just wanted to know if the exchange rate is better at BKK airport or is the rate better in Hua Hin banks

I am looking forward to find out about these other reasons, how about a clue to what they are.

Thanks for your reply

[Big Boy]

There is very little difference between the airport or Hua Hin. Personally, I always change about £200 at the airport to cover the taxi and the first couple of days. Then I change money as I need it.

I always try to avoid changing money on Friday, Saturday and Sunday when the rate tends to be a little lower.