With the baht rising does it mean its better now to convert to euro and quid?

[davidst01]

I read this thread:

 

If we are traveling to europe and england is it a good time to convert baht cash to euro and quid- compared to a year ago for example?

 

thanks

 

[Kwasaki]

29 minutes ago, davidst01 said:

is it a good time to convert baht cash to euro and quid

Yes.

[Tayaout]

If you can predict the future, maybe. 

[1FinickyOne]

Nobody can accurately answer this... even the experts... currency values are determined by markets and by definition, the buy/sell price is determined by current demand for the currency... so, at any point, generally speaking, the exchange rate is a balance amongst people willing to buy [raising the market] and sellers, who think the currency will go down..

 

pretty much works the same for stocks... 

 

good luck 

[dotpoom]

20 hours ago, Tayaout said:

If you can predict the future, maybe. 

But we can look back at the past...and if the Baht is higher now than it was last year, then obviously "Yes" (to answer the OP's question comparing it to a year ago).

[Speedhump]

3 hours ago, dotpoom said:

But we can look back at the past...and if the Baht is higher now than it was last year, then obviously "Yes" (to answer the OP's question comparing it to a year ago).

Have you seriously never read the small print, that: "past performance is not indicative of future results"?

In fact, after a long run in one direction, experts will usually look for any indicator of when the market may turn. 

[Suradit69]

2 hours ago, Speedhump said:

Have you seriously never read the small print, that: "past performance is not indicative of future results"?

In fact, after a long run in one direction, experts will usually look for any indicator of when the market may turn. 

Yes, whether it's stocks, commodities or currency, people who think it's "obvious" what to do, especially if only considering one variable, tend to do exactly the wrong thing or do it at exactly the wrong time.

 

And then many/most panic and try to correct their first error by doing something equally wrong, simply compounding the magnitude of their losses.

 

Fortunately most TV experts in the "obvious" probably don't stand to win or lose that much since the baht exchange rate is pretty range-bound. 

Edited May 20, 2019 by Suradit69

[Speedhump]

1 hour ago, Suradit69 said:

Yes, whether it's stocks, commodities or currency, people who think it's "obvious" what to do, especially if only considering one variable, tend to do exactly the wrong thing or do it at exactly the wrong time.

 

And then many/most panic and try to correct their first error by doing something equally wrong, simply compounding the magnitude of their losses.

 

Fortunately most TV experts in the "obvious" probably don't stand to win or lose that much since the baht exchange rate is pretty range-bound. 

Yes, anyone (other than experienced money traders) who jumps onto a falling or rising currency pair and decides to hold it is possibly cruising for a bruising unless they can wait for the return (which could be a long time coming). 

[Percy P]

On 5/19/2019 at 2:25 PM, Tayaout said:

If you can predict the future, maybe. 

With money the future exchange comes in stages,  exchange as you go not in one stage. I keep money in the Thai Bank in £ and exchange it as it needed. Today 41 tomorrow 43

Edited May 20, 2019 by Percy P

[AlexRich]

If you are holding Baht then you are in a very good position to convert some of it to Euro and GBP. It could continue to strengthen of course, but if you hold off it could just as easily go the other way. In my view you have a historically good conversion rate, so go for it.

[Percy P]

16 minutes ago, AlexRich said:

If you are holding Baht then you are in a very good position to convert some of it to Euro and GBP. It could continue to strengthen of course, but if you hold off it could just as easily go the other way. In my view you have a historically good conversion rate, so go for it.

On leaving the EU the £ will rise and the Euro sink.

[AlexRich]

44 minutes ago, Percy P said:

On leaving the EU the £ will rise and the Euro sink.

Only if you leave the EU with an agreed deal and transition period. If you end up with a “no deal” or you get a General Election followed by a Corbyn Government, then GBP will fall like a stone.

[Naam]

6 hours ago, Percy P said:

With money the future exchange comes in stages,  exchange as you go not in one stage. I keep money in the Thai Bank in £ and exchange it as it needed. Today 41 tomorrow 43

or tomorrow perhaps 39?

[Speedhump]

On 5/21/2019 at 2:21 AM, AlexRich said:

Only if you leave the EU with an agreed deal and transition period. If you end up with a “no deal” or you get a General Election followed by a Corbyn Government, then GBP will fall like a stone.

And this is exactly why mid or long term currency speculation is a complete gamble without expert evaluation. ????

[bomber]

On 5/20/2019 at 7:35 PM, Percy P said:

On leaving the EU the £ will rise and the Euro sink.

how many have you had?