GBP vs THB

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Sun Jun 03, 2018 12:38 pm

We could do with an AUD Vs THB thread as the Oz$ is dying quicker than Sterling, I also follow the AUD
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Re: GBP vs THB

Post by HHTel » Wed Aug 08, 2018 8:42 pm

The pound is sinking fast. Interbank rate 42.75, lowest for 10 years or more.
Fortunately, because I keep my eye on it, I transferred a big lump just over a week ago and it arrived at 43.6 net. That's probably under 42 at the bank now.

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Re: GBP vs THB

Post by HHTel » Wed Aug 08, 2018 9:14 pm

According to the sites I've looked at, it's the lowest since before the crash of '97

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Re: GBP vs THB

Post by oakdale160 » Wed Aug 08, 2018 9:26 pm

Uncertainty---traders in any investment vehicle hate uncertainty.May go lower

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Re: GBP vs THB

Post by StevePIraq » Fri Aug 24, 2018 2:04 pm

Now at 41.9352, what a disaster
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Re: GBP vs THB

Post by pharvey » Fri Aug 24, 2018 2:22 pm

StevePIraq wrote:
Fri Aug 24, 2018 2:04 pm
Now at 41.9352, what a disaster
NOT Good! :roll:

Thankfully, it's only holiday travel for me at the moment, but I truly feel for the expats there in HH (and elsewhere) who are suffering with the general cost of living and their pensions etc.
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Re: GBP vs THB

Post by buksida » Fri Aug 24, 2018 2:28 pm

I must say that having been in the UK for a few months this year the cost of living is not cheap in Thailand. For daily items, groceries etc, a pound goes a lot further than 40 baht (unless you want to live like a peasant). There is also the psychological thing that a £20 note feels like a lot more than 840 baht.
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Re: GBP vs THB

Post by pharvey » Fri Aug 24, 2018 2:46 pm

buksida wrote:
Fri Aug 24, 2018 2:28 pm
I must say that having been in the UK for a few months this year the cost of living is not cheap in Thailand. For daily items, groceries etc, a pound goes a lot further than 40 baht (unless you want to live like a peasant). There is also the psychological thing that a £20 note feels like a lot more than 840 baht.
China also is far from cheap these days. Well, at least on the cost of living with regards to food,utilities, medication etc.

I'll start a new thread requesting some info. regarding the latter.
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Re: GBP vs THB

Post by PET » Fri Aug 24, 2018 3:11 pm

It is going to be a rough ride for the pound but as soon as the EU starts making the right honest moves to protect itself , then common sense will surely prevail. This will start to happen at their meeting in October IMO.

What must never be forgotten is that the EU is terrified that if their members see benefits to the UK then the sheer weakness of the EU economically ( totally surviving upon the clout of Germany) would lead some other member states to leave.
Just remember the capital ratios required by member states at the commencement of the Euro. When later the likes of Italy and Greece and others could not maintain these they thought up new rules and on it has gone .
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Re: GBP vs THB

Post by HHTel » Fri Aug 24, 2018 5:53 pm

The banks are giving 40.5 for cash!

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Re: GBP vs THB

Post by PET » Fri Aug 24, 2018 7:16 pm

Kasikorn closing rate for buying Sterling Pound from bank transfer is 41.6625 - for what its worth!
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Re: GBP vs THB

Post by oakdale160 » Sat Aug 25, 2018 12:02 am

Other currencies dropping--anybody with some economic knowledge explain why the Baht is relatively strong.

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Re: GBP vs THB

Post by lomuamart » Sat Aug 25, 2018 1:14 am

I'm not 100% certain but I think that a lot of it has to do with the stability of the Thai economy and their foreign reserves.
Thailand can sort of manipulate their way out of economic trouble because they have huge foreign currency reserves - supposedly.
Unfortunately, the UK and a lot of other western countries aren't so secure any more.

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Re: GBP vs THB

Post by HHTel » Sat Aug 25, 2018 2:44 am

Thailand 206 billion dollars
Uk 160 billion dollars

as of March and July 2018 respectively.

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Re: GBP vs THB

Post by oakdale160 » Sat Aug 25, 2018 11:12 am

And China holds over a Trillion, isnt that $ 1000 billion

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