Today – Sterling £ to Bahts rates, must be lowest ever

[cyberfarang]

Today £1 = 39 bahts.

Never had imagined the rates would reach this low. Soon the British pound will equal the Euro in value.

How much more can the £ drop?

Edited January 3, 2019 by cyberfarang

[from the home of CC]

autonomy has a price.. 

[Bang Bang]

What I understand in case of a hard Brexit is that a lot of Thai retirees are planning to move to the UK because it'll be so cheap to live there.

[elliss]

            Soon the GBP ,   will fall below the Euro .

[theoldgit]

Just be thankful that you're not buying Baht in the Post Office, or indeed Euros/

 

[LucysDad]

38 minutes ago, elliss said:

            Soon the GBP ,   will fall below the Euro .

 

 

I remember it at 1.01

 

 

It won't reach that IMO.

[faraday]

I got 40.1 today with TransferWise.

 

[AlexRich]

Funny because the Brexit-loving posters on here were telling us all that the UK economy would rocket once it exited the EU? 

 

Now they are blaming the EU and Remainers for this economic fiasco ... true to form, it’s always someone else’s fault.

 

Unicorn anyone?

[NanLaew]

6 minutes ago, AlexRich said:

Funny because the Brexit-loving posters on here were telling us all that the UK economy would rocket once it exited the EU? 

 

Now they are blaming the EU and Remainers for this economic fiasco ... true to form, it’s always someone else’s fault.

 

Unicorn anyone?

We haven't exited quite yet. Tony Blair is still carrying a candle for Brussels.

[RickG16]

32 minutes ago, AlexRich said:

Funny because the Brexit-loving posters on here were telling us all that the UK economy would rocket once it exited the EU? 

 

Yes but we haven't properly exited the EU yet have we?

 

I am in the stay camp, but what is most damaging is this period of uncertainty with no progress either way. It isn't the fact we have voted to leave, per say.

[elliss]

            Will  the  vote  on the Brexit  deal be allowed ,  i fear not .  

                 More  uncertainty , for sure . 

[BritManToo]

59 minutes ago, faraday said:

I got 40.1 today with TransferWise.

 

I just got 40.43, Only sent myself 1,000gbp.

[BritManToo]

29 minutes ago, RickG16 said:

Yes but we haven't properly exited the EU yet have we?

 

I am in the stay camp, but what is most damaging is this period of uncertainty with no progress either way. It isn't the fact we have voted to leave, per say.

All the western currencies took a big hit in the last 24hrs.

It ain't Brexit, it's Thailand.

The Philippine peso was 69 before Brexit, is 66.5 now, 3% change in the same period the Baht changed 20%

The Euro changed 8% against GBP in the same two years, but lost 12% against the Baht.

Edited January 3, 2019 by BritManToo

[BritManToo]

1 hour ago, elliss said:

            Soon the GBP ,   will fall below the Euro .

The GBP hasn't fallen against the Euro in the past 2 years.

And it only fell 8% against the Euro since the Brexit vote

[janclaes47]

1 hour ago, NanLaew said:

We haven't exited quite yet. Tony Blair is still carrying a candle for Brussels.

you mean it may get worse?

[ThomasThBKK]

That's just because the EUR is also weak.

USD is king and thailand has giant usd and other forrex reserves with a big trade surplus, everything else looks like crap compared to the USD(and YEN)....

Thailand has bigger Forex reserves than the UK, Germany, France... Slightly less than Singapore.

There's a huge inflow in money going into short term thai bonds for this reason.


Be happy u aren't turkish or from argentina tho.

Sent from my LYA-L29 using Tapatalk

[BritManToo]

4 minutes ago, ThomasThBKK said:

Be happy u aren't turkish or from argentina tho.

or Canada, that's down more than the GBP

[MikeN]

33 minutes ago, BritManToo said:

All the western currencies took a big hit in the last 24hrs.

It ain't Brexit, it's Thailand.

The Philippine peso was 69 before Brexit, is 66.5 now, 3% change in the same period the Baht changed 20%

The Euro changed 8% against GBP in the same two years, but lost 12% against the Baht.

Yes, the Aussie dollar dropped around half a baht overnight, from 22.44 to 21.9, but has come back over 22 this afternoon.

 It is fears of global trade wars and its possible effects that are causing the current volatility.

[Denim]

Sterling £ to Bahts rates, must be lowest ever.

Nope......I've changed at 25 many years ago ????

[BritManToo]

1 minute ago, MikeN said:

Yes, the Aussie dollar dropped around half a baht overnight, from 22.44 to 21.9, but has come back over 22 this afternoon.

 It is fears of global trade wars and its possible effects that are causing the current volatility.

That doesn't explain why only the Thai Baht has risen ......... more likely the Junta are manipulating something.

[ThomasThBKK]

Thb didn't rise, it's just relatively stable to USD.

Yen had a surge today due to apples selloff in aftermarkets and thats why the aussie dollar and co crashed.

Again thb is just more stable than others due to forrex reserves in usd and yen.


The whole market is LONG USD - SHORT everything else from Stocks to pound to euro to PMs.

Sent from my LYA-L29 using Tapatalk

[elliss]

Can we conclude, that despite  the posts and opinions , expressed by our Academic  TVF members,    along with the opinions of the poorly  educated , may i include myself ,

      DO not  make one iota of difference , in the problem , which is  Brexit.   Just my idle thoughts .

Edited January 3, 2019 by elliss

[sammieuk1]

Better start building some very cheap houses for rinsed out expats Mrs May wheelbarrows and sack trucks needed for junk pounds when the hideous deal gets booted out and Corbyn gets voted in????

[LucysDad]

34 minutes ago, sammieuk1 said:

Better start building some very cheap houses for rinsed out expats Mrs May wheelbarrows and sack trucks needed for junk pounds when the hideous deal gets booted out and Corbyn gets voted in????

 

 

....and then you woke up ??

[Ks45672]

Mid 30s is probably coming before it bounces 

[HauptmannUK]

17 hours ago, Ks45672 said:

Mid 30s is probably coming before it bounces 

What will cause it to 'bounce'....?

[BobBKK]

That goon Cameron leading us into this mess without clearly stating 'must be at least 5% to leave'.  Luckily I got some at 73 and most at 53/54 would make a nice profit if I went back to nanny UK

[LucysDad]

2 minutes ago, BobBKK said:

That goon Cameron leading us into this mess without clearly stating 'must be at least 5% to leave'.  Luckily I got some at 73 and most at 53/54 would make a nice profit if I went back to nanny UK

 

 

You must be a bit tight-fisted if you still have Baht @ 73...................... I think 2006 was the last time those dizzy heights were reached.

[Suradit69]

On 1/3/2019 at 4:52 PM, NanLaew said:

We haven't exited quite yet. Tony Blair is still carrying a candle for Brussels.

Maybe once the Brits exit, the well-informed, highly educated British electorate can vote to reapply for membership, but they'll have to join the queue behind Albania, Macedonia and Montenegro.  

 

On 1/3/2019 at 5:42 PM, BritManToo said:

It ain't Brexit, it's Thailand.

And the Titanic didn't sink because of an iceberg, it was because of a hole in the side of the ship. Pretending that Brexit isn't influencing the exchange rate or that Thailand's economy outweighs European, American or, in particular, Chinese economic and political factors when setting rates is simplistic nonsense.

 

 

 

[ignis]

15 hours ago, LucysDad said:

 

 

You must be a bit tight-fisted if you still have Baht @ 73...................... I think 2006 was the last time those dizzy heights were reached.

only last week looking at a load of old papers, also Bank statements shows money coming into my Thai account from UK @ 76.4 in March 2004