GBP vs THB
Re: GBP vs THB
44 with Wise at the moment, highest for a while I believe.
'If you didn't have a wasted youth you wasted your youth'
Man in pub circa 1987.
Man in pub circa 1987.
Re: GBP vs THB
The Bank of England are expected to increase the base rate very shortly hence the better rate ie Increased rate means better for savers and hence more buying of Sterling.
Not so good for the majority with UK house mortgages
Courage is grace under pressure and when circumstances change you change your mind.
Re: GBP vs THB
Good for the banks though that will quickly up their lending rates but are slow to increase their savings rates.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
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Re: GBP vs THB
Impressed with the Wise savings rates. Recently went from 4.55% up to 4.78% on the USD account.
GBP currently at 4.12%.
Not available in Thailand unfortunately. Should have switched my account to the U.K. a long time ago.
GBP currently at 4.12%.
Not available in Thailand unfortunately. Should have switched my account to the U.K. a long time ago.
Re: GBP vs THB
Some good deals on savings offshore at the moment, Conister Bank and Skipton Bank paying 4.5-5.3% for fixed term accounts, if you can lock your money away.Ginjaninja wrote: ↑Thu Jun 15, 2023 3:29 pm Impressed with the Wise savings rates. Recently went from 4.55% up to 4.78% on the USD account.
GBP currently at 4.12%.
Not available in Thailand unfortunately. Should have switched my account to the U.K. a long time ago.
'If you didn't have a wasted youth you wasted your youth'
Man in pub circa 1987.
Man in pub circa 1987.
Re: GBP vs THB
Meanwhile, K-bank is offering a miserly 0.3% on regular savings accounts so those having to keep money locked in for retirement visas are actually seeing it devalued every year due to inflation.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: GBP vs THB
THB dropped a bit today, ideas on whats causing it? Political jitters, Burma, China?
Oh but to be wafted away
Re: GBP vs THB
It will soon rise when BoE INCREASE INTEREST RATES TODAY AND THAT WILL NOT BE THE END OF RISES EITHER.
Courage is grace under pressure and when circumstances change you change your mind.
Re: GBP vs THB
Dropped from what ? 44.78 now on Wise, highest for a long long time.
'If you didn't have a wasted youth you wasted your youth'
Man in pub circa 1987.
Man in pub circa 1987.
Re: GBP vs THB
The baht didn't drop the pound strengthened on the back of rising interest rates. A full 0.5% rise which was unexpected and now the UK has the highest rates in the G7.
As soon as rates start to fall the pound will return to slump levels due to the ongoing brexit fallout.
Re: GBP vs THB
44.78 to the pound. Where's the drop.
1.27 dollars to the pound. Long time since we had figures like that.
1.27 dollars to the pound. Long time since we had figures like that.
Re: Thai Baht hits highs, BoT to take measures
The pound to the baht has lost almost 2 baht in 2 - 3 weeks.
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Re: Thai Baht hits highs, BoT to take measures
Yes the rate of baht to the pound was almost 45.5 recently but now is 43.7HHTel wrote:The pound to the baht has lost almost 2 baht in 2 - 3 weeks.
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Re: Thai Baht hits highs, BoT to take measures
The BofE was expected to increase interest rates tomorrow but with inflation and cost of living problems , it is expected that the increase will be a lot lower that was expected. Watch out for news at 6pm Thailand
Courage is grace under pressure and when circumstances change you change your mind.
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Re: GBP vs THB
I was watching out for this too
It was 5.25 as expected
5.5 couldn't have been ruled out though
Hoping savings rates will rise but many companies already priced it in
Need another rise really
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It was 5.25 as expected
5.5 couldn't have been ruled out though
Hoping savings rates will rise but many companies already priced it in
Need another rise really
Sent from my M2007J20CG using Tapatalk