GBP vs THB

Post by **MrPlum** » Fri May 29, 2009 7:36 am

caller wrote:Sometimes, I don't recognise my Country from the posts expressed here, usually by ex-pats!

Valid points and good to hear life goes on. If you were solvent before the crisis, didn't have a recent reset mortgage and have a secure job, then I'm sure you're happy as Larry. I read somewhere that only 20% of the population suffer in a recession. Good news if you are not one of them.

Since the the doom and gloom merchants predicted the economic collapse and are saying there is worse to come, you can understand why some (like me) remain pessimistic (at least as far as economics go).

Hope for the best, prepare for the worst.

Post by **norm** » Fri May 29, 2009 8:26 am

Just found this site.
http://forecasts.org/pound.htm

US Dollar to UK Pound Currency Exchange Forecast
U.S. Dollars per one British Pound. Average of Month.
Month Date Forecast
Value 50%
Correct +/- 80%
Correct +/-
0 Apr 2009 1.473 0.00 0.00
1 May 2009 1.52 0.06 0.13
2 Jun 2009 1.54 0.07 0.17
3 Jul 2009 1.58 0.08 0.19
4 Aug 2009 1.50 0.09 0.20
5 Sep 2009 1.44 0.10 0.22
6 Oct 2009 1.40 0.10 0.23
7 Nov 2009 1.35 0.11 0.24
8 Dec 2009 1.36 0.11 0.25
Updated Wednesday, May 13, 2009
All forecasts are provided AS IS, and FFC disclaims any and all warranties, whether express or implied, including (without limitation) any implied warranties of merchantability or fitness for a particular purpose.

Post by **cookmanchef** » Mon Jun 01, 2009 10:59 am

Good posts there Caller and Kendo, my daughters live in Cornwall and Somerset and they say life is good there with all the great weather they are having. One manages a pub and says that business has been up due to the sunny weather. One thing they say would improve things is if "our" banks would release some of "our' money for mortgages.

How incompetent are the Brown boys, they give them all our money and then fail to ensure they pass it on, instead allowing them to fleece their UK customers to show better figures, which in turn will give them bigger bonuses.

Norm that website said 2nd June 1.54, currently 1.62, exactly my point about how difficult forecasting is!

Thai exporters are asking the government to try to control the baht as their businesses are now suffering, they would like a stable $ =36 baht, if they get their way the £ would need to rise 4 points to 1.66 and we would have £ = 60 baht.

Post by **caller** » Tue Jun 02, 2009 3:19 am

cookmanchef wrote:How incompetent are the Brown boys, they give them all our money and then fail to ensure they pass it on, instead allowing them to fleece their UK customers to show better figures, which in turn will give them bigger bonuses.

Have to agree with this. Its bugging me as well and appears to have been lost amongst the ongoing saga of MP's and peers expenses. The whole point of the borrowing was to resurrect things and I recall hearing a rep from the banking federation (or whatever) stating it would be January 09 before we saw the effects take place, well, we're now in June. Nationalise all banks say I!!!

Spitfire · Post by **Spitfire** » Wed Jun 03, 2009 10:41 am

Checked XE Currency site today and the pound is 56.4 at the moment. So that probably translates to about 55 at the Bank of Ayudhya ATM.

Going in the right direction. Hope I not being premature in being optimistic. It would be crushing if it's a false dawn. Interesting how it's coincided with the price of petrol rising also, diesel is up to 25.66 baht a litre for the normal stuff (not B5).

Spitfire · Post by **Spitfire** » Thu Jun 11, 2009 3:58 pm

Since most of us agree that the Bank of Ayudhya gives the best exchange rates, or there abouts, then thought it might be worth posting this link for the benefit of all as they are the rates inside Thailand as opposed to X-rates etc which can be confusing for some.

http://www.krungsri.com/en/foreign-exchange-rates.aspx

Post by **pitsch** » Thu Jun 11, 2009 5:50 pm

This link shows that Bank of Ayudhya is rather on the lower end of exchange rates:

http://bankexchangerates.daytodaydata.net/default.aspx

Post by **Randy Cornhole** » Sat Jun 13, 2009 2:51 pm

Just as a point of interest, those of us that send a bit of money over every month with western union. Last month we were getting a rate of 52.4 and this month it's up to 53.7

It all adds up ya know...

Post by **Big Boy** » Sat Jun 13, 2009 2:59 pm

Just a point of interest, as I've never considered Western Union in the past (always assumed, with no foundation whatsoever that they'd be expensive), how do their charges compare with a High Street bank (£20 per transfer).

Post by **caller** » Sat Jun 13, 2009 3:21 pm

Both moneygram and Western Union charge different rates depending on how much you are sending. If sending under a certain amount it was cheaper using these places - and quicker - its immediate, but if over x it was cheaper paying £20 at the bank and wait a few days for the money to arrive.

I believe Siam bank exchanges moneygram in LOS?

Just found this link to the post office, which gives the current rates (need to scroll down). I guess WU will be similar?

http://www.postoffice.co.uk/portal/po/j ... d=94900758

Post by **STEVE G** » Sat Jun 13, 2009 4:59 pm

One thing that can be handy with Western Union is that you can now send from countries like the UK over the net using a credit card which can be quick in an emergency.
The first time I did this they wanted a confirmation over the phone, but I was still able to get money out within about 20 minutes.

Post by **MrPlum** » Sat Jun 13, 2009 7:47 pm

This chart suggests that if USD can't break back above 81, the next stop is 77, then 72, which is not good news for the yanks, unless the Baht also falls along with it. If the UKP continues its recovery (after a shocking drop) then the Brits will be happy.

Post by **Khundon1975** » Sat Jun 13, 2009 9:16 pm

MrPlum wrote:This chart suggests that if USD can't break back above 81, the next stop is 77, then 72, which is not good news for the yanks, unless the Baht also falls along with it. If the UKP continues its recovery (after a shocking drop) then the Brits will be happy.

Mr P

That "bounce" looks pretty weak doesn't it and the EMA 20/50 are both on a downward trajectory but may converge around the 81-82 mark if not 77 is a big drop back to Oct 08

£ up $ down, $ up £ down. It's a pity, that for one currency to win another has to lose but that's the nature of the beast I suppose.

Post by **Khundon1975** » Wed Jun 17, 2009 6:30 pm

Moneycorp on Channel 4 news this lunchtime, forecast $1.70 to the GBP later this summer and say the £ is gaining in strength against many currencies.

£ seems to be creeping up against the Baht.

sargeant · Post by **sargeant** » Fri Jun 19, 2009 9:22 pm

I have been using the following link ever since SJ gave it to me
http://bankexchangerates.daytodaydata.net/default.aspx
But 3/4 days ago the Bank of Ayudahya disapeared
When i first started using it the BAY was almost always in the top 3 for rates
but since this 150 Bt charge thing they were always in the bottom 3 for rates for some reason
now gone altogether

Any ideas why anybody