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

[giddyup]

The Aussie dollar is also taking a hit, around 23 to the baht. It was more than 33 when I first came 9 years ago.

[Mavrix]

22 minutes ago, giddyup said:

The Aussie dollar is also taking a hit, around 23 to the baht. It was more than 33 when I first came 9 years ago.

Yes last time it was as low as this was roughly 10 years ago.....Start of 2011 to mid 2013 was the best time....all of that time we were above 30.

[gamini]

On 1/3/2019 at 3:54 PM, Bang Bang said:

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.

You are of course referring to "Brits". who are living on their pensions. Why on earth would they go to the UK. There are plenty of other much nicer and cheaper places to retire to even if they are on a British pension. Even with a very low pound exchange rate it will still be much cheaper to live here. Yesterday I went to the food stalls in the shopping mall and had a fabulous meal for 50 bt. You think you can get that in the UK? I think the Brits are suffering most in Thailand a the sexpats.  I guess they are having difficulty in affording the bar girls and beer!

[gamini]

On 1/3/2019 at 4:44 PM, 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?

Hopefully, the Brexiteers in Thailand will all go home and we won't have to listen to their silly arguments.

[gamini]

If the Brexit deal is accepted. The GBP could go down to about 35 to the bt. but eventually recover a little bit . But no deal would result in it going down to about 29 with no recovery. But to make matters worse for those on a UK pension, the Thai economy could improve and the Thai baht will become stronger than ever. 

[toofarnorth]

35 minutes ago, gamini said:

You are of course referring to "Brits". who are living on their pensions. Why on earth would they go to the UK. There are plenty of other much nicer and cheaper places to retire to even if they are on a British pension. Even with a very low pound exchange rate it will still be much cheaper to live here. Yesterday I went to the food stalls in the shopping mall and had a fabulous meal for 50 bt. You think you can get that in the UK? I think the Brits are suffering most in Thailand a the sexpats.  I guess they are having difficulty in affording the bar girls and beer!

Just what I was thinking but waiting to hear all before a reply. My pension has gone down from 28,736 in 2015 to 22,011 3 weeks ago.  So now I still manage easily but don't have holidays in CNX or visit the inlaws more then once a year . As for upping sticks back to the UK , sell my house here for 2.5 million Baht and buy what in England ? Or how much left of my pension if I rent hmmm ?

[Andrew65]

In October 1984 the £ was worth 30'ish Baht. In July 1985 it was 40'ish, my first visit to Thailand.

 

 

[shackleton]

The majority of Brits chose Brexit the deal May is trying to get them is not what they want  or will get

Can see the pound sterling falling lower and we have not left yet 

can foresee a disaster of a Brexit coming up where no one is going to be happy with the deal

[billd766]

From the OP.

 

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 Thursday at 03:48 PM by cyberfarang

 

https://daytodaydata.net/default.aspx

 

At 11:30 this morning.

[NoshowJones]

36 minutes ago, toofarnorth said:

Just what I was thinking but waiting to hear all before a reply. My pension has gone down from 28,736 in 2015 to 22,011 3 weeks ago.  So now I still manage easily but don't have holidays in CNX or visit the inlaws more then once a year . As for upping sticks back to the UK , sell my house here for 2.5 million Baht and buy what in England ? Or how much left of my pension if I rent hmmm ?

Don't the state pensioners in the UK get housing benefit any more, and also pension credits if their savings are below a certain amount. I know there is this new universal thing, and maybe that affects it.

[IssanMichael]

On 1/3/2019 at 4:44 PM, 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 have not left yet and the interference of the remainers is causing the uncertainty that is affecting the value of the pound. Hard brexit is what we need no 59B payment and we are straight in with a saving of 275m a week, with the EU and the rest of the world to trade with. Day one should see a reduction in the cost of food and clothing of 8%, so let's just get it done and dusted.

[Andrew65]

22 minutes ago, shackleton said:

The majority of Brits chose Brexit the deal May is trying to get them is not what they want  or will get

Can see the pound sterling falling lower and we have not left yet 

can foresee a disaster of a Brexit coming up where no one is going to be happy with the deal

Teresa the appeaser is a Remainer at heart, her deal is the softest of Brexits.

 

Any second referendum would see the result rigged in Remain's favour, for example by offering 2 options that favour Leave, and 1 for Remain, so spliitting the Leave vote & handing victory to Remain.

 

One of the reasons so many Tories are pro hard Brexit (that many probably aren't aware of) is that the EU has just brought in new regulations to do with money laundering and tax avoidance (Remember the Panama Papers/David Cameron?!).

[whimsicalmike]

Who sets the Baht exchange rate. The junta probably set it relative to the US$. Many asian countries do that and it would be interesting seeing what happens to the various exchange rates if the currencies were floated, they would be a lot lower i would think.

[Geordieabroad]

On 1/3/2019 at 4:44 PM, 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?

The UK hasn't left the EU yet.

The uncertainty which is affecting the £ is being created by doomsday predictors such as yourself

[generealty]

When I come to stay in Thailand, I sold my place in the UK and it was 39 baht = 1 GBP. Months later it rocketed to 95. My next door neighbour was one of the few lucky ones who timed it perfectly, not by choice but by luck. Also remember it being 39 for long time while coming here as a tourist before settling here and that's why I never worried at the exchange rate. I think after the confusion of Brexit goes away, things will settle down and exchange will be better. This is a very confusing time.

[abrahamzvi]

On 1/3/2019 at 3:49 PM, from the home of CC said:

autonomy has a price.. 

If there is a no deal Brexit, which seems to be the case (hopefully not) then the Pound is bound to drop, probably even lower than the EURO. Well I suggest all of us affected by Brexit, should send our thanks to Mr. Johnson and co.

[ParadiseLost]

39 minutes ago, abrahamzvi said:

If there is a no deal Brexit, which seems to be the case (hopefully not) then the Pound is bound to drop, probably even lower than the EURO. Well I suggest all of us affected by Brexit, should send our thanks to Mr. Johnson and co.

Or thanks to the morons on FB, etc. who generated the hype: without 'social media' nobody would have dreamed of such a ridiculous situation.

 

Simple solution - cancel with no repercussions - spend next year or two planning a realistic option, without the stupid moniker and fanfare. Children...

 

Edited January 5, 2019 by ParadiseLost

[abrahamzvi]

On 1/3/2019 at 3:54 PM, Bang Bang said:

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.

You are wrong. They'll move because the Pond will drop to such a level that it will be too expensive for us to live anywhere other than the UK (which will probably consist only of England, without Scotland and Northern Ireland). With the British economy probably shrinking, exports drooping and essential important goods increasing, life in the UK won't be easy either. Well Mr. Johnson predicted that the economy will grow, NHS will get better and other benefits resulting from a Brexit. Let´s see if he can keep his promises/predictions. As far as Mrs. May is concerned, she says that she is carrying out the will of the people. If so, why not have a second referendum, with all the facts on the table and let us see the result then.

[Scouse123]

On 1/3/2019 at 4:44 PM, 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?

 

 

What a silly post when the UK is still waiting to exit. One thing the markets do not like is uncertainty and that is the limbo we are presently stuck in.

 

If you are happy to be a rule taker but an autocratic, unelected body of people based in Brussels that want protectionist policies and an EU globalist superstate, controlled by the big business where national identities disappear. up to you.

 

  If you want a country where your kids cannot get school places or a collapsing NHS which cannot cope with the influx of EU health tourism wanting everything for free, up to you.

 

If you want uncontrolled violence and destruction caused by economic migrants, Jihadists and Islamists, hell-bent on destroying our way of life and who do not wish to conform to European values, laws, and ways of life............  up to you.

 

The majority of British people voted against this.

[Scouse123]

10 minutes ago, abrahamzvi said:

You are wrong. They'll move because the Pond will drop to such a level that it will be too expensive for us to live anywhere other than the UK (which will probably consist only of England, without Scotland and Northern Ireland). With the British economy probably shrinking, exports drooping and essential important goods increasing, life in the UK won't be easy either. Well Mr. Johnson predicted that the economy will grow, NHS will get better and other benefits resulting from a Brexit. Let´s see if he can keep his promises/predictions. As far as Mrs. May is concerned, she says that she is carrying out the will of the people. If so, why not have a second referendum, with all the facts on the table and let us see the result then.

 

Guys like you want a second referendum not because you want it put again before the people, it has already been put to the people, you want a different result and have spent the last two years, along with the rest of the pathetic snowflakes, trying to terrify the British public into submission.

 

All the doom and gloom of the economists have been proved wrong time and time again.

 

Britain will survive. And furthermore, Scotland would be in very dire straits without the rest of the UK backing it up.

 

They had a referendum in Scotland to leave or stay, they voted to stay and the remainers won, the people accepted it, why can't you?

[ThomasThBKK]

"Only idiots refuse to change their minds."


That's why people want a new referendum as they had been fed with lies before the first one.

Sent from my LYA-L29 using Tapatalk

[Scouse123]

1 hour ago, ThomasThBKK said:

"Only idiots refuse to change their minds."


That's why people want a new referendum as they had been fed with lies before the first one.

Sent from my LYA-L29 using Tapatalk
 

 

People have not asked for a new referendum, it's the politicians that will not accept the result of the first one, that want one! So, in your rulebook, every time you don't get what you want, keep having another vote until you do?

 

 

The same argument was used in Thailand when the public voted in Thaksin and the redshirts. According to the military, they are all stupid up in the sticks and they don't know what they are voting for and had no education? Does this argument, sound familiar?

 

If we didn't state the country, it could be the exact same argument being used in the UK at the moment. Well, in Thailand the yellow shirt backed military got into power or should we say more accurately seized power. Has Thailand improved? or has Bangkok, and the Thai islands been looked after to the detriment of the rest of the population?

 

It sounds just like the UK, where the North of the UK has become a dumping ground for migrants and yet is forgotten when it comes to investment because the only place that exists to the government, is in London and the South,

 

And there have been far more lies, misinformation and biased reporting done since the first referendum and we have had it drilled into us for the last two years what a mistake it is, all this by a certain element, many with vested interests.

 

Millions of pounds of public money spent on propaganda to try to get the British public to change their minds.

 

THERE HAS BEEN A REFERENDUM, ACCEPT THE WILL OF THE PEOPLE. iT IS CALLED A DEMOCRATIC SYSTEM.

Edited January 5, 2019 by Scouse123

[allanos]

The United Kingdom is currently doing "the hard yards"; there can be no gain without pain.  And the pain is likely to get worse, in the short term.  The "prize" however, is very much worth the struggle.  Individually, everyone is affected by the Brexit "uncertainty"; blame the politicians and the media, more particularly the biased media (BBC anyone)?.  Do you think it is not in Brussels' interests to play the game they are playing, helping to create an environment of maximum uncertainty and playing their cards much more cleverly than the Brits?  Mrs May clearly has never played a hand of poker in her life!

 

The silver lining is that the EU, and particularly the Eurozone, has a number of looming crises on its hands, which can only be exacerbated one Britain has left the EU.  If it does not start to collapse like dominoes, starting with Italy, and then Greece, the the ECB is going to be forced to print shedloads of Euro, which will weaken it considerably.  Not sure the Germans are going to like that.  And the pound sterling in the meantime will become a lot stronger.

 

Hold tight, everyone, it's going to be an interesting ride over the next couple of years!

[4MyEgo]

On 1/3/2019 at 10:20 PM, 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.

Trump now has to sort out things with China as things haven't exactly gone to plan for him, i.e. the Chinese are not stupid and will not get pushed around and have played the game brilliantly IMO.

 

Come early February when the deal is done, we should see the stock markets rally and the Aussie dollar with a few other currencies take flight, so hold on for the ride.

 

That is coming straight from my crystal ball, not sure if its the left or right one ????

 

Edited January 5, 2019 by 4MyEgo

[allanos]

It is possible that the will of the people has changed over the past two years, and that, given a second referendum, the outcome of such a vote would be that "remain" becomes ascendant.  But so what?  Clearly, the will of the public, in any country, is a moving target.  This is why the Dems have recently won the House in the USA.

 

Does this mean, in the case of Brexit, that there should be a 3rd referendum; a best out of 3?  

 

The will of the British people was displayed quite clearly in 2016.  Everyone knew what they were voting for.  They also knew that it was a once-off referendum.  This new nonsense calling for a "people's vote" is a non-starter.  There was a people's vote in 2016, and the result was clear.

 

Let's just get on with it (although not under the conditions that Mrs May is pushing, which is clearly not "Brexit", but "Brino")!

[Wake Up]

Thailand economy is building roads, airport expansion, housing, malls, trains, ports,  and the EEC. Despite the critics about Thailand when you drive around all of Thailand is growing and the country is doing well financially. 

 

What is Britain doing? Why on earth would anyone other than citizens of Britain want to own English Pounds. Why on earth do people on this forum not trust Thai banks like Bangkok Bank. It must be prejudice as it is not based on financial facts. 

 

Sure some rice farmers are not doing well but that is true of every poor areas of every country. 

[ParadiseLost]

1 minute ago, allanos said:

Everyone knew what they were voting for.

Yes, the Russians sure helped everyone to see the best way forward...

[allanos]

7 minutes ago, 4MyEgo said:

Trump now has to sort out things with China as things haven't exactly gone to plan for him, i.e. the Chinese are not stupid and will not get pushed around and have played the game brilliantly IMO.

 

Come early February when the deal is done, we should see the stock markets rally and the Aussie dollar with a few other currencies take flight, so hold on for the ride.

 

That is coming straight from my crystal ball, not sure if its the left or right one ????

 

Trump knows exactly what he's doing, and he still has a good hand to play.  The game isn't over until someone folds.

 

In any negotiation, one has to determine where the balance of power lies.  In this case, given that China is so heavily dependent on America for its exports, then the USA clearly has the upper hand.

 

Watch the civil unrest in China if America starts to import less because of higher import duties, and factories have to lay off workers.  It will not be a pretty sight.

 

Lucky you that one of them is crystal (keep it wrapped in cotton wool)! ????

[allanos]

14 minutes ago, ParadiseLost said:

Yes, the Russians sure helped everyone to see the best way forward...

I guess this is tongue in cheek, or do you still believe in the tooth fairy?

[4MyEgo]

6 minutes ago, allanos said:

Trump knows exactly what he's doing, and he still has a good hand to play.  The game isn't over until someone folds.

 

In any negotiation, one has to determine where the balance of power lies.  In this case, given that China is so heavily dependent on America for its exports, then the USA clearly has the upper hand.

 

Watch the civil unrest in China if America starts to import less because of higher import duties, and factories have to lay off workers.  It will not be a pretty sight.

 

Lucky you that one of them is crystal (keep it wrapped in cotton wool)! ????

Have you heard of the "One China" policy ?

 

The American political system is relatively mature with checks and balances, but with a president who often acts uniquely based on his own beliefs regarding complex issues, almost anything is possible, but ask yourself this, is he aware that China’s foreign currency reserves stand at more than $3 trillion.

 

In contrast, the U.S. has foreign exchange reserves that hover at around $120 billion. Trump’s tariffs would automatically trigger penalties against the U.S. in the World Trade Organization (WTO), and might even lead to the WTO’s collapse, which would lead to higher tariffs against U.S. exports. While it might take a while for that to happen, the turmoil would be catastrophic for American business and employment as its already starting to show, just look at Apple, was it 7 billion whipped just the other day ?

 

China, on the other hand, would emerge relatively unscathed as China has most of what it needs now, and what it doesn’t have it can easily obtain from vendors outside the U.S. While the American market looked enticing a few decades ago, it is relatively mature, and today the newer emerging market countries have become much more interesting to Beijing.