GBP vs THB

[Big Boy]

I've watched it for 2 days now, and it only seems to be going one way, and must be at its lowest for a while.

[buksida]

It hit a 2-week low but is still up nearly 9% against the baht so far this year.

[Big Boy]

Ups and downs I don't mind (prefer the ups of course ) - it is natural currency fluctuation, usually with reasons. I just get twitchy when it seems to go in the wrong direction for no apparent reason.

[PET]

The Bank of England next meet on 16th December to vote on current interest rates, and when they met last month there was strong speculation that they would increase the rate. However they made no change and so they could well make a increase next week and if so sterling £ will get stronger. If the market expect this there will be movement some days before 16th

[Dannie Boy]

It’s a bit like share prices, you can get blips up and down over a very short period. - you need to look at longer trends. As we’ve seen on many occasions, the Thai Baht frequently does the opposite to what logic says, no doubt due to government manipulation!!

[HHTel]

We're looking at GBP in isolation but the USD is also nose diving. Against the baht that is.

[HHTel]

Maybe because of the recent announcements and rumours coming out of Thailand, maybe not!
However, all major currencies have surged against the baht including even neighbours - Singapore, Malaysia .....

Gbp set to hit 45 again. Maybe we'll see it back at 46 before my next transfer!

[Big Boy]

Yes, fingers crossed - I think we transfer about the same time.

[sateeb]

I jumped the gun and transferred a week early @44.8. Knowing my luck it will go higher and I'm pleased for y'all

[HHTel]

LOL. I did the same. Don't usually transfer for another few days but it was going up so fast that I felt sure it would drop. So did a transfer this afternoon and got 45.22. Shortly after it hit 4.50!!!

[HHTel]

After the exchange rate against the baht heading to 46 for the pound, now all major currencies have nosedived against the baht this week. More shenanigans by the BOT I guess.

Now 44.87

[handdrummer]

After the exchange rate against the baht heading to 46 for the pound, now all major currencies have nosedived against the baht this week. More shenanigans by the BOT I guess.

Now 44.87

The dollar has dropped from 33.9 to 32.9 in less than a week. Maybe it's because Thailand is importing more products and wants to pay less for them. Or?

The figures on the Forum are not the numbers at the banks, they are lower. It seems peculiar that every bank sets its own exchange rate.

[HHTel]

It's not just the dollar and GBP. All major currencies have dropped against the baht which indicates a strengthening of the baht.

Banks sell/buy currency to make a profit. Hence the difference to the online rate which is a mid-rate, half way between selling and buying.

Transferwise uses the mid-rate.

[hhinner]

Possibly because of optimism about reopening tourism (again), test and go, and opening more sandboxes?

[stretch]

It's just the money men making more money its what makes the world go round.