SheungWan Posted July 4, 2019 Share Posted July 4, 2019 No matter what the realities of the market are, any currency can be manipulated by it's governance, usually to serve the interests of a powerful few.Its odd, but the Conspiracy Theorists never quite manage to project any dates and figures to match up their ideas.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 1 1 Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 4, 2019 Popular Post Share Posted July 4, 2019 NO.. End of year , 35 bht ..That might depend on a no-deal Brexit shambles kicking off end of October.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 2 1 Link to comment Share on other sites More sharing options...
nauseus Posted July 5, 2019 Share Posted July 5, 2019 17 hours ago, Jajazazajaja said: I don’t care how the euro does. I don’t get any comfort from the fact Brexit is harming the EU as well as the UK Well, as you obviously care about the EU then not caring about the Euro doesn't make much sense to me. 1 Link to comment Share on other sites More sharing options...
watcharacters Posted July 5, 2019 Share Posted July 5, 2019 On 7/3/2019 at 12:32 AM, Benroon said: Currency predictions is a technical science which companies, governments and pension providers use on a regular basis derived from millions of pounds worth of scientific analytical software. Currency prediction may be a technical science but getting it right is still elusive. Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 5, 2019 Popular Post Share Posted July 5, 2019 Currency prediction may be a technical science but getting it right is still elusive. Currency prediction is essentially a trade and it is worth remembering that for every trade one makes there is somebody on the end of that trade taking the counter position. Large companies do not always get it right, not necessarily because they made a mistake in the technicals but because the fundamentals changed in the interim . As for Sterling the prediction is whether the new PM actually does deliver a no-deal Brexit. Answer yes and Sterling dives further. Answer no and Sterling bounces. One thing we know absolutely is that Hard Brexit is and has been bad for Sterling.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 1 2 Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 5, 2019 Popular Post Share Posted July 5, 2019 no,they are reaping the situation created by remoaners who don,t want to respect a democratic vote,and politicians putting their own pathetic egos and personal financial circumstances before that of their duty to the citizens,until we are out things cannot start to get better,forget the uk for one minute and look at the rest of the eu,do,es anyone honestly think it will survive once the uks gone?This is akin to suggesting that shooting yourself in the foot is a good idea because only afterwards can you recover from the ordeal. A strange logic made even stranger if one considers that the foot might be shot right off. Deliberately hobbling oneself in the interests of a higher principle is about where the Hard Brexiteers want to take us. The 25% decline in Sterling so far since the referendum is a price they are happy to pay. And you to pay too. You really want these guys running the economy?Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 4 Link to comment Share on other sites More sharing options...
Kwasaki Posted July 5, 2019 Share Posted July 5, 2019 19 hours ago, SheungWan said: It makes a difference if an individual has taken or intends taking a significant currency position as a result of forwards projection. Even doing nothing ie sitting on sterling is a position. Three years of net decline since the referendum. Agree if I see your point correctly the situation for me was before I retired here research on baht to £ was looking at past history I did not come here expecting it to stay at any kind of benefit so I calculated my future frozen pensions in 2004 at 35 = bht. 2005 getting all my money from UK except for what was left in bonds at 75 made think I should believe in Jesus ???? but I know I was just lucky. Anyway I still took a hit in 2008 where my private pensions took a hit but never mind life ain't fair sometimes. 1 1 Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 5, 2019 Popular Post Share Posted July 5, 2019 Agree if I see your point correctly the situation for me was before I retired here research on baht to £ was looking at past history I did not come here expecting it to stay at any kind of benefit so I calculated my future frozen pensions in 2004 at 35 = bht. 2005 getting all my money from UK except for what was left in bonds at 75 made think I should believe in Jesus [emoji56] but I know I was just lucky. Anyway I still took a hit in 2008 where my private pensions took a hit but never mind life ain't fair sometimes. As soon as one commits to a predominantly expat life, then one is exposed to currency risk. Most/many made a judgement call that the downside risk was to the baht only. It has been a slow and not so slow realisation that it just hasn't been the case even though the wishes continue to hope for a baht reversal. The exposure continues but the reality is that it is that Sterling is the weakening currency. Notwithstanding the strange Brexiteer mantra that losing money is somehow patriotic, the decision what to do remains looking forwards. Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 6 Link to comment Share on other sites More sharing options...
nauseus Posted July 5, 2019 Share Posted July 5, 2019 11 minutes ago, SheungWan said: As soon as one commits to a predominantly expat life, then one is exposed to currency risk. Most/many made a judgement call that the downside risk was to the baht only. It has been a slow and not so slow realisation that it just hasn't been the case even though the wishes continue to hope for a baht reversal. The exposure continues but the reality is that it is that Sterling is the weakening currency. Notwithstanding the strange Brexiteer mantra that losing money is somehow patriotic, the decision what to do remains looking forwards. Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app Good going until the ridiculous 'mantra' comment. Oh well. 1 1 Link to comment Share on other sites More sharing options...
observer90210 Posted July 5, 2019 Share Posted July 5, 2019 13 hours ago, SheungWan said: Its odd, but the Conspiracy Theorists never quite manage to project any dates and figures to match up their ideas. Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app A bit like some of the so called "moderates" on the other side, who were in complete denial of the upcomming 2007 year financial crash. You are so right. Link to comment Share on other sites More sharing options...
Sealbash Posted July 5, 2019 Share Posted July 5, 2019 [quote post="14312343" But the Bank of Thailand is limited in what it can do on it's own.The BoT has a as any national/central a bunch of possibilities to influence their currency.- cut interest rates - buy foreign currencies/sell THB- buy foreign bonds - restrict foreign currency inflows But all this would make the Thai elite poorer, so not in their books.Time for a new George Soros.Sent from my iPhone using Thailand Forum - Thaivisa mobile appAnd Thailand changing the value of the Thai baht on world markets may be construed as currency manipulation. Sent from my iPhone using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
SteveK Posted July 5, 2019 Share Posted July 5, 2019 Now just over 38 baht to the pound. 2 Link to comment Share on other sites More sharing options...
SheungWan Posted July 5, 2019 Share Posted July 5, 2019 A bit like some of the so called "moderates" on the other side, who were in complete denial of the upcomming 2007 year financial crash. You are so right.The crash was Q4 in 2008 through Q1 2009. That does not give a free pass to Conspiracy Theory junk which is detached from any data or understanding. The interesting factor now is although the central banks have done a pretty good job to date in recovering from the crisis, now the populists want to wreck it and the Brexiteers are leading the charge on Sterling. Why hold Sterling is the question.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 1 Link to comment Share on other sites More sharing options...
SheungWan Posted July 5, 2019 Share Posted July 5, 2019 Twinned with GBPUSD heading for the magic 1.25 Now just over 38 baht to the pound.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
SheungWan Posted July 5, 2019 Share Posted July 5, 2019 And Thailand changing the value of the Thai baht on world markets may be construed as currency manipulation. Sent from my iPhone using Thailand Forum - Thaivisa mobile appDuring the Asian Financial Crisis, the Thai central bank and indeed nearly all of the other Asian currencies were shown to have limited fire power to direct currency defence.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
elliss Posted July 5, 2019 Share Posted July 5, 2019 (edited) 3 hours ago, SteveK said: Now just over 38 baht to the pound. Not for long , 35 bht @ a bank near you , sooner than expected. Xmas wont be merry for us expats. No Santa this year kids, thx brexit brigade .. Edited July 5, 2019 by elliss 2 Link to comment Share on other sites More sharing options...
Nong Khai Man Posted July 5, 2019 Share Posted July 5, 2019 18 minutes ago, elliss said: Not for long , 35 bht @ a bank near you , sooner than expected. Xmas wont be merry for us expats. No Santa this year kids, thx brexit brigade .. Well yer can still get 39 to the Pound at a couple of Money Exchanges in Bangers...... 1 1 Link to comment Share on other sites More sharing options...
tebee Posted July 5, 2019 Share Posted July 5, 2019 It's still going down - but can you expect anything else with the current shambles in the UK government ? 2 Link to comment Share on other sites More sharing options...
elliss Posted July 5, 2019 Share Posted July 5, 2019 (edited) 18 minutes ago, Nong Khai Man said: Well yer can still get 39 to the Pound at a couple of Money Exchanges in Bangers...... Nong kai - Bangers , not cost effective . Thx , for your valid info.. Edited July 5, 2019 by elliss Link to comment Share on other sites More sharing options...
Nong Khai Man Posted July 5, 2019 Share Posted July 5, 2019 1 minute ago, elliss said: Nong kai - Bangers , not cost effective .. NO Mate,Only IF I Was going to Bangers & I Had a Few Thousand Quid to change ( Which I Do NOT ) Link to comment Share on other sites More sharing options...
Jajazazajaja Posted July 5, 2019 Share Posted July 5, 2019 19 hours ago, nauseus said: Well, as you obviously care about the EU then not caring about the Euro doesn't make much sense to me. What? Link to comment Share on other sites More sharing options...
SheungWan Posted July 6, 2019 Share Posted July 6, 2019 It's still going down - but can you expect anything else with the current shambles in the UK government ? The US figures this week were very positive, thus reducing the chance of an interest rate cut. Why hold Sterling with the no-deal uncertainty hanging over it? Explains why Boris is having to make noises about wanting a deal. Nobody convinced by tchat story for now.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
Popular Post Jajazazajaja Posted July 10, 2019 Popular Post Share Posted July 10, 2019 Can’t wait to be back in Bangkok soon to listen to the old farts at the bar talk about the utter magnificence of Brexit whilst admitting they are considering moving to Cambodia due to the devaluation of the pound. 1 2 2 Link to comment Share on other sites More sharing options...
Jajazazajaja Posted July 12, 2019 Share Posted July 12, 2019 Yes they were out in force, claiming that Sterling was over-valued anyway. And this is just an adjustment to its true value. One guy said the fishing industry accounted for 15% of GDP before the common market ruined it. Another said he wanted them NHS privatised As they are all just a bunch of remainers anyway Link to comment Share on other sites More sharing options...
nauseus Posted July 12, 2019 Share Posted July 12, 2019 (edited) 20 minutes ago, Jajazazajaja said: Yes they were out in force, claiming that Sterling was over-valued anyway. And this is just an adjustment to its true value. One guy said the fishing industry accounted for 15% of GDP before the common market ruined it. Another said he wanted them NHS privatised As they are all just a bunch of remainers anyway I'd like to listen too. Which bar was this? Edited July 12, 2019 by nauseus 1 Link to comment Share on other sites More sharing options...
NoshowJones Posted July 12, 2019 Share Posted July 12, 2019 On 6/3/2019 at 9:38 PM, kickstart said: Or the Thai baht goes pear-shaped, the way this government s spending money it is not sustainable, ask any Thai they say the Thai economy is not good, and Thai borrowing again is not sustainable, another 1997 coming up. Lets hope so. 1 Link to comment Share on other sites More sharing options...
bomber Posted July 12, 2019 Author Share Posted July 12, 2019 4 hours ago, Jajazazajaja said: Yes they were out in force, claiming that Sterling was over-valued anyway. And this is just an adjustment to its true value. One guy said the fishing industry accounted for 15% of GDP before the common market ruined it. Another said he wanted them NHS privatised As they are all just a bunch of remainers anyway 15 percent my backside,adjustment my Backside,trump And garage running the NHS,OMG good look for all you Englanders unfortunate enough To have to live there. 1 Link to comment Share on other sites More sharing options...
nauseus Posted July 12, 2019 Share Posted July 12, 2019 Just now, bomber said: 15 percent my backside,adjustment my Backside,trump And garage running the NHS,OMG good look for all you Englanders unfortunate enough To have to live there. Englanders. Long time since I heard that one. 1 Link to comment Share on other sites More sharing options...
bomber Posted July 12, 2019 Author Share Posted July 12, 2019 2 hours ago, possum1931 said: Lets hope so. Englanders clutching at the straws hoping others come a cropper,oh the joys of brexit 1 Link to comment Share on other sites More sharing options...
sanemax Posted July 12, 2019 Share Posted July 12, 2019 2 minutes ago, bomber said: Englanders clutching at the straws hoping others come a cropper,oh the joys of brexit I moved to Portugal , where is the place that I can get 3 euros to the Pound ? The place that you told me about that gives 3 Euros to the Pound ? 1 Link to comment Share on other sites More sharing options...
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