GBP vs THB

Visa questions, companies, work permits, employment, insurance, banking and finance, and legal issues.
SPONSORS: Chavalit & Partners : AA Insurance
Post Reply
Pleng
Legend
Legend
Posts: 2557
Joined: Fri Apr 08, 2011 2:04 am
Location: Hua Hin

Re: GBP vs THB

Post by Pleng » Tue Mar 28, 2017 5:10 pm

PET wrote:
Sat Mar 25, 2017 4:10 pm
The rate you receive at the ATM and when the Thai bank converts your FX into your bank a/c is the TT Buying Rate - I use Kasikorn and it changes throughout the day, but is always at that rate which is reported on their screen.
Never use dynamic currency conversion! Always say 'NO', when prompted. Your bank will give you a much better rate.

oakdale160
Legend
Legend
Posts: 2569
Joined: Sat Jul 06, 2013 9:51 pm

Re: GBP vs THB

Post by oakdale160 » Thu Apr 20, 2017 7:36 am

The headlines on the finance pages--Pound soars on news of election---- |43b > 44b, thats nice for Brits but ist hat soaring??

HHTel
Legend
Legend
Posts: 2487
Joined: Mon Feb 12, 2007 7:44 pm

Re: GBP vs THB

Post by HHTel » Thu Apr 20, 2017 8:59 am

It's a knee-jerk reaction and will be short lived. 43 at the bank. Not 'soaring'.

User avatar
STEVE G
Hero
Hero
Posts: 11636
Joined: Mon Apr 03, 2006 3:50 am
Location: HUA HIN/EUROPE

Re: GBP vs THB

Post by STEVE G » Thu Apr 20, 2017 12:40 pm

Apparently, the markets are seeing this as a signal for a longer and softer Brexit and it might be the start of a recovery of the pound. Obviously the election has to achieve the majority that May is looking for before there is any real change.
https://www.bloomberg.com/news/articles ... r-old-call

User avatar
redzonerocker
Rock Star
Rock Star
Posts: 4334
Joined: Mon Apr 02, 2007 3:55 pm
Location: England

Re: GBP vs THB

Post by redzonerocker » Thu Apr 20, 2017 1:55 pm

Nice to see the positive Charlies up and about, expert market analysts too :wink: :roll:
Remember, no one can make you feel inferior without your consent.

User avatar
STEVE G
Hero
Hero
Posts: 11636
Joined: Mon Apr 03, 2006 3:50 am
Location: HUA HIN/EUROPE

Re: GBP vs THB

Post by STEVE G » Thu Apr 20, 2017 2:39 pm


arcadianagain
Ace
Ace
Posts: 1399
Joined: Fri Apr 26, 2013 11:58 pm

Re: GBP vs THB

Post by arcadianagain » Thu Apr 20, 2017 4:01 pm

oakdale160 wrote:
Thu Apr 20, 2017 7:36 am
The headlines on the finance pages--Pound soars on news of election---- |43b > 44b, thats nice for Brits but ist hat soaring??
On the other hand when the pound weakened by even less recently the headlines read "pound plunges"

Pleng
Legend
Legend
Posts: 2557
Joined: Fri Apr 08, 2011 2:04 am
Location: Hua Hin

Re: GBP vs THB

Post by Pleng » Thu Apr 20, 2017 4:10 pm

STEVE G wrote:
Thu Apr 20, 2017 12:40 pm
Apparently, the markets are seeing this as a signal for a longer and softer Brexit and it might be the start of a recovery of the pound. Obviously the election has to achieve the majority that May is looking for before there is any real change.
The fate of the pound probably over the next few weeks is going to depend on which parties are doing well in opinion polls, and what their stance on Brexit is going to be.

If the Conservitives look like winning a landslide, and they talk about hard Brexit and leaving the free market, then it'll drop. If the Lib Dems and Labour look like making strong enough a comeback to threaten a hung-parliament then the pound will strengthen on the hope of a soft Brexit.

Then, of course, we'll have the election, all the opinion polls will most probably be proven wrong, and the pound will likely head into the opposite direction to which it had previously been going! :)

User avatar
Big Boy
Moderator
Moderator
Posts: 29168
Joined: Fri Nov 04, 2005 7:36 pm
Location: Bon Kai

Re: GBP vs THB

Post by Big Boy » Thu Apr 20, 2017 4:15 pm

For day to day tracking, I use the chart on the right of this page. It may not give the correct rate, but the trends are correct. I see it's dropped again today.
League 2 - Grimsby...1 Plymouth Argyle....1 :dance: :dance:
Points 87; Position 2
PROMOTED as Runners Up :bow: :bow: :bow:

User avatar
Nereus
Addict
Addict
Posts: 5783
Joined: Tue Jan 02, 2007 3:01 pm
Location: Hua Hin and Bangkok

Re: GBP vs THB

Post by Nereus » Mon Jun 05, 2017 4:12 pm

FX rules eased, baht rises

http://www.bangkokpost.com/business/new ... baht-rises

The central bank said on Monday it would relax foreign exchange rules, including allowing more Thais to directly invest abroad, as policymakers try to hold down the baht's strength.

The central bank will allow investors with assets of at least 50 million baht ($1.47 million) to directly invest in securities abroad, it said in a statement.
Commercial banks will also be allowed to lend baht to non-residents for investment in Thailand and the Greater Mekong sub-region, it said.

The baht appreciated further to 33.98 against the dollar, a near 23-month high, after the announcement, from 34.05 in early trade.
May you be in heaven half an hour before the devil know`s you`re dead!

Post Reply

Who is online

Users browsing this forum: Yandex [Bot] and 5 guests