GBP vs THB

[2/cb]

And yet interest rates are still low by any historical standard. When I bought my first house in 1982 I was paying 15% interest on the mortgage. A base rate of 5.25% is barely high enough, I would suggest.

[Lost]

And yet interest rates are still low by any historical standard. When I bought my first house in 1982 I was paying 15% interest on the mortgage. A base rate of 5.25% is barely high enough, I would suggest.

Ah yes, when the average house was £25k and salary £6.5k. Good times. Shame the next generations got fkud over.

[Mikeyb]

1 year high this week and close to a 5 year high

Happy days

[Pagey]

Thai Baht in freefall again.

I transferred via wise 18/7/24 at 46.6896.

I've been watching the rate recently as I need to transfer more by next month and it's decreasing daily.

Currently 43.7977

[HHTel]

It's the opposite of 'free fall'. The baht is getting stronger by the day.

[caller]

It's the opposite of 'free fall'. The baht is getting stronger by the day.

I think it's because they have a government sorted out and a plan of sorts. Plus anticipation of US dollar rates falling. But the Thai economy is still in a downward spiral and the new Governments plans are nowt but a sticking plaster. Then there are all the petitions to dissolve the Governemt.....

At least the BOT has now admitted managing the Baht to keep it on course.

[404cameljockey]

1 year high this week and close to a 5 year high

Happy days

5 years ago the Baht was 37.05 to the pound. It's nowhere near that and I believe it's very unlikely that it will go there, but foreign exchange isn't the most predictable of markets.

[buksida]

More central bank meddling, expect the Baht to stay strong for a while yet ...

Baht gain likely if central bank leaves rate unchanged
The baht could appreciate beyond 33 to the dollar, from 33.40 as of Tuesday, if the Bank of Thailand decides to keep its policy interest rate unchanged at 2.50% on Wednesday, according to Kasikorn Research Center (K-Research).

Kanjana Chockpisansin, head of research, banking and the financial sector at the think tank, said K-Research expects the Thai currency to move in a range of 32.90 and 33.70 to the dollar this week.

The baht was trading at 33.25/27 early on Tuesday, compared with Friday’s close of 33.34, but eased to around 33.40 by midday. The dollar held firm near a two-month peak and investors grew cautious ahead of key monetary policy decisions due this week.

“Regional currencies realised the effect of the market’s disappointment about China’s economic stimulus package announced during the weekend,” Ms Kanjana told the Bangkok Post.

“Meanwhile, the dollar is still supported by the likelihood that the Federal Reserve might cut US rates less than previously forecast, as economic data there remained solid.”

https://www.bangkokpost.com/business/ge ... -unchanged

[PET]

Kasikorn TT rate today 41.85967 and the future looks bleak - Welcome to a Labour government

[Dannie Boy]

At this rate the £ will be below B40 before long.


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[HHTel]

Doesn't look promising. The pound hit 47 in July of last year, the month Labour got in, and it's been sliding ever since.

[2/cb]

Doesn't look promising. The pound hit 47 in July of last year, the month Labour got in, and it's been sliding ever since.

With our incompetent socialist government, I expect 37-8 to the £ when I next visit in March.