GBP vs THB

Post by **JimmyGreaves** » Fri Jan 23, 2009 10:45 pm

Khundon1975 wrote:
JimmyGreaves wrote:
Khundon1975 wrote:Hi JimmyGreaves

Yes Why the interest?
I noticed you said hoped to get more but the way it's going at the moment that's all it is is hope 1.00 GBP = 47.7530 THB currently at TT rates. paper money less. If you can get more let me and the rest of the expats here know how you managed it as I'm sure you will be everyones best friend
Thanks JG

I was just a bit unsure why you used the word "myth"? in your reply to me.

Best I ever got was 76 but that was a few years ago and not from a bank.

Not me never used the word myth in my life! oooooops just used it

Post by **Khundon1975** » Fri Jan 23, 2009 10:54 pm

Khundon1975 wrote:
JimmyGreaves wrote:
Khundon1975 wrote:Hi JimmyGreaves

Yes Why the interest?
I noticed you said hoped to get more but the way it's going at the moment that's all it is is hope 1.00 GBP = 47.7530 THB currently at TT rates. paper money less. If you can get more let me and the rest of the expats here know how you managed it as I'm sure you will be everyones best friend
Thanks JG

I was just a bit unsure why you used the word "myth"? in your reply to me.

Best I ever got was 76 but that was a few years ago and not from a bank.

Sorry JG it was Baa Baa, my mistake

Post by **Big Boy** » Fri Jan 23, 2009 11:29 pm

I've just come home from work, and my wife tells me that she's been watching Abasit (sp?) on Thai (UK) TV this afternoon. She said that he is pledging to drop the value of the Baht to help out the expat community (more like re-generate Thai exports).

I came straight on to HHAD to read about it, and was surprised not to find it mentioned.

Did my wife dream it, or is everybody shell shocked at the pledge to help the expat community?

Post by **Khundon1975** » Fri Jan 23, 2009 11:37 pm

Big Boy wrote:I've just come home from work, and my wife tells me that she's been watching Abasit (sp?) on Thai (UK) TV this afternoon. She said that he is pledging to drop the value of the Baht to help out the expat community (more like re-generate Thai exports).

I came straight on to HHAD to read about it, and was surprised not to find it mentioned.

Did my wife dream it, or is everybody shell shocked at the pledge to help the expat community?

Hi Big Boy

Just had a look around can't find anything yet.
Maybe it will be like Thai air dropping prices, we will just have to hurry up and wait.

Spitfire · Post by **Spitfire** » Fri Jan 23, 2009 11:48 pm

Big Boy wrote:She said that he is pledging to drop the value of the Baht to help out the expat community (more like re-generate Thai exports).

Probably right there BB, good way for him to look like "The benevolent leader" in hard times, a PR 'coup' and helps build an image towards arriving in the position to have 'carte blanche' for future decision making on all subjects.

Forgive me if you think I'm being cynical, maybe could be a bit, but on the other hand it(if the above was true) wouldn't surprise me either.

Post by **JimmyGreaves** » Sat Jan 24, 2009 10:37 am

spitfire wrote:
Big Boy wrote:She said that he is pledging to drop the value of the Baht to help out the expat community (more like re-generate Thai exports).
Probably right there BB, good way for him to look like "The benevolent leader" in hard times, a PR 'coup' and helps build an image towards arriving in the position to have 'carte blanche' for future decision making on all subjects.

Forgive me if you think I'm being cynical, maybe could be a bit, but on the other hand it(if the above was true) wouldn't surprise me either.

Help the expat community? It must be a joke as if he wants to devalue it's surely because of exports

Spitfire · Post by **Spitfire** » Sat Jan 24, 2009 11:12 am

Sorry JG, agree, wasn't clear enough in that last post, bit ambiguous.

Definitely because of that(exports etc) and the rest of the 'shite storm' surrounding Thailand at the moment.

Was just saying that it sounds and make him look good.

PET · Post by **PET** » Sat Jan 24, 2009 2:54 pm

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 but we seem to have lost our way on this thread with recent postings.

Post by **JimmyGreaves** » Sat Jan 24, 2009 10:23 pm

Back on track.

Didn't think the money markets moved over the weekend but the dollar was at 1.37 first thing now 1.35 so it's still falling.

1.00 GBP = 47.0866 THB

Post by **Khundon1975** » Sat Jan 24, 2009 10:39 pm

JimmyGreaves wrote:Back on track.

Didn't think the money markets moved over the weekend but the dollar was at 1.37 first thing now 1.35 so it's still falling.

1.00 GBP = 47.0866 THB

JG

Slowly but surely going down the pan.

Maybe they should devalue ??

PET · Post by **PET** » Sun Jan 25, 2009 4:38 pm

As the Stg £ is not fixed to gold or any other currency, how can it (presumably you mean the govt ) devalue? Market forces will prevail.

Post by **Khundon1975** » Sun Jan 25, 2009 4:42 pm

PET wrote:As the Stg £ is not fixed to gold or any other currency, how can it (presumably you mean the govt ) devalue? Market forces will prevail.

Pet Hi

Sorry, I meant devalue the Baht.

Post by **JimmyGreaves** » Wed Jan 28, 2009 8:03 pm

YES IT"S HIT 50

1.00 GBP = 50.0065 THB
United Kingdom Pounds Thailand Baht

Spitfire · Post by **Spitfire** » Mon Feb 02, 2009 11:09 pm

OK, sorry if I'm asking an obvious question here, but can anyone enlighten me as to why the exchange rate is noticably higher(to the tune of 3 baht or so) at the weekends.

I have noticed this many times, for example, the weekend that has just passed, in the 50s(53 at one point I think) and then checked Monday afternoon and it's 49 point something.

Post by **Condoking** » Thu Mar 05, 2009 1:03 am

Not sure if it was on this thread but Nationwide are changing their T&Cs for card withdrawals. Following from todays Daily telegraph:

Nationwide, long hailed a consumer hero for its refusal to charge customers when using their card overseas, is now to pass on to customers any charges levied by Visa, its card scheme provider, or any other institution. These charges are typically about 1pc. Nationwide will apply the fees from May 6.

Martyn Saville, a credit card expert at Which?, the consumer lobby group, said: "Nationwide's decision to start charging customers fees for most purchases outside Europe is incredibly disappointing.

"Nationwide had been a shining light to the credit card industry with its no-fee policy on overseas purchases – it's a shame they've now sold out and fallen into line with the rest of the market."

Nationwide has previously promoted its charge-free overseas capacity heavily in advertisements and is prepared to face disappointment from customers. The society said it was mailing its credit card customers with full details of the changes this week. It cited the credit crisis as the reason it can no longer absorb the charge.

Steve Blore of Nationwide said: "As a prudent organisation, we have to maintain the balance between offering competitive products while ensuring they are sustainable in the long term, particularly in the current economic climate.

"Our cards remain commission-free when used anywhere in the world and customers using their cards in Europe will not receive any charges, as the Visa fee does not apply here."

The society's website says: "When you use a Nationwide Visa debit card or credit card to make a transaction in certain currencies other than sterling, Visa charge a fee for each transaction and Nationwide currently pays that fee on your behalf.

"We will start to pass this fee onto you from 6 May 2009 on credit card and from 1 June 2009 on debit card and it will be included in the sterling amount shown on your statement. The fee is currently 0.84pc. From 1 July 2009 this fee will increase to 1pc."

Thomas Cook will also be introducing charges from next month, having previously not charged holders of its Personal Finance Credit Card Visa for usage abroad.

But there are still a couple of products on the market that continue to offer charge-free use overseas. The Post Office offer two credit cards, the Classic MasterCard and Platinum MasterCard, which do not charge.

Saga offers a Platinum Visa which makes no charge in the European Union, but which does charge for worldwide usage.

David Black of Defaqto, the data provider, said: "For those who travel abroad and use their credit card there is a clear advantage in using one of the above cards."