This Pound to Baht exchange rate prediction is enough to make you cry

 

 

If you’re one of the many long term British retirees in Thailand who long for the days of 50, 60, 70 or even 80 Baht to the Pound, look away now!

 

A new Pound to Baht exchange rate forecast by The Economy Forecast Agency (EFA) makes for grim reading for Brits living in Thailand.

 

The EFA predicts a low of just 27 Baht to the Pound by 2023, which would value 1,000 baht at £37!

 

Of course this is just a forecast, and whether the Pound gets stronger or weaker against the Baht depends on a wide range of factors, some of which even the most experienced of financial experts would be unable to predict.

 

Today you can get 39.83 Baht to the Pound but earlier this week it hit a new low of 39.67.

 

 

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I was here when it was over 90 to the £, during '97. So not at all impressed. But hey ho, I only visit for holidays.

It's the people who live there on a fixed income who it really hurts.

There's no such thing as financial prediction - between now and 2023 plenty of unforeseen events could happen. I wouldn't be surprised if the baht gets weaker (against USD/Euro) rather than stronger. As for the UKP though - who knows...

 What better way to bring Great Britain back into the EU and not proceed with Brexit is to hurt their citizens where it hurts, in the pocket book. The central bankers are ruthless and will resort to everything and anything to maintain control and stay in power. 

Why no link to the source ? 

Very often than articles made by ThaiVisa "News Team" don't show a link to the source 

You should know that many readers may want to read more about some of these subjects,

and it's not always easy to find the source, even with Google help...

 

 

1 hour ago, snoop1130 said:

This Pound to Baht exchange rate prediction is enough to make you cry

Yes a prediction neither the less like UK bank manager makes.  

About as reliable as shaking sticks at the temple!

 

OMG, Bomber, Tebee, Grouse et al will be on here creaming themselves shortly.....

Do not believe the propaganda of the EU. The pound will be strong again when the UK leaves this horror-EU ... if not the patriots will do it, someday the immigrants will free themselves from them ...

1 hour ago, Pattaya46 said:

Why no link to the source ? 

Very often than articles made by ThaiVisa "News Team" don't show a link to the source 

You should know that many readers may want to read more about some of these subjects,

and it's not always easy to find the source, even with Google help...

 

 

 

I posted that chart yesterday. >> Can the baht hold 39?

Good for thai want to go there. I not cry.

40 minutes ago, yodsak said:

 

I posted that chart yesterday. >> Can the baht hold 39?

Sent 2 mins ago.

 

Wait till the over borrowed Thai economy collapses again and Daddy Farang IMF has to save em yet again. The £ will recover after Brexit.

2 hours ago, PingRoundTheWorld said:

There's no such thing as financial prediction - between now and 2023 plenty of unforeseen events could happen

Yeah it could be 17 Baht to the Pound .

The value of Sterling is probably the least of our concerns.
https://www.independent.co.uk/environment/climate-change-global-warming-end-human-civilisation-research-a8943531.html?utm_medium=Social&utm_source=Facebook#Echobox=1559658155


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Can anybody post the predictions from whoever made these predictions, from five years previously , just to see how accurate they have been 

2 hours ago, DaRoadrunner said:

Wait till the over borrowed Thai economy collapses again and Daddy Farang IMF has to save em yet again. The £ will recover after Brexit.

The same economy holding 200 billion reserves?  ya think ?

4 hours ago, watgate said:

 What better way to bring Great Britain back into the EU and not proceed with Brexit is to hurt their citizens where it hurts, in the pocket book. The central bankers are ruthless and will resort to everything and anything to maintain control and stay in power. 

brexit means brexit,take it you don,t live in the uk,there was a democratic vote and the MAJORITY of people voted to leave,how long do you honestly think the eu will last when the uk leaves?

who actually made this prediction?mystic meg,or the mob that told us we,d all be doomed if we didn,t join the euro?

4 hours ago, PingRoundTheWorld said:

There's no such thing as financial prediction - between now and 2023 plenty of unforeseen events could happen. I wouldn't be surprised if the baht gets weaker (against USD/Euro) rather than stronger. As for the UKP though - who knows...

 

No one can even say for certain there'll be any life on the planet..

 

 

28 minutes ago, kingdong said:

brexit means brexit,take it you don,t live in the uk,there was a democratic vote and the MAJORITY of people voted to leave,how long do you honestly think the eu will last when the uk leaves?

How does majority deserve caps when it was 51%?

 

That would infer almost half the population was against Brexit - only those with the mentality of a 13 year-old got carried away by the facebook hype, helped along by meddling Russians and lying idiots like Boris the UK Trump....

 

Those with brains voted against it, so the only logical conclusion is there are slightly more dumb people in the UK than intelligent...

 

Once Brexit is cancelled the Pound will revert back to 50, which is still ridiculously low against the manipulated Baht. That bubble will burst soon as well and then we could be back to 70 again.

 

Everyone's guess is equally valid...

14 minutes ago, ParadiseLost said:

How does majority deserve caps when it was 51%?

 

That would infer almost half the population was against Brexit - only those with the mentality of a 13 year-old got carried away by the facebook hype, helped along by meddling Russians and lying idiots like Boris the UK Trump....

 

Those with brains voted against it, so the only logical conclusion is there are slightly more dumb people in the UK than intelligent...

 

Once Brexit is cancelled the Pound will revert back to 50, which is still ridiculously low against the manipulated Baht. That bubble will burst soon as well and then we could be back to 70 again.

 

Everyone's guess is equally valid...

 

 

You don’t understand the concept of winners and losers, do you?......despite being firmly entrenched in the latter category.

 

 

By the way, Brexit will not be cancelled.

38 minutes ago, Jip99 said:

You don’t understand the concept of winners and losers, do you?......despite being firmly entrenched in the latter category.

 

By the way, Brexit will not be cancelled.

Spoken with all the confidence of a 13 year old ???? we know you were on the wrong side.

 

Be honest, you also voted for 'Boaty Mc Boatface', didn't you? Another fine example of the English youth mentality...

1 hour ago, madmen said:

The same economy holding 200 billion reserves?  ya think ?

When talking about massive entities such countries, the 200 billion can go puffff in a week under certain circumstances.

I don't know much about exchange rates but how does foreign exchange reserves affect the pound to baht? Britains foreign currency reserves are currently 173billion up from 40billion in 2001. 

UK are 15th in the world only a couple of places behind Thailand. 

4 hours ago, ParadiseLost said:

Spoken with all the confidence of a 13 year old ???? we know you were on the wrong side.

 

Be honest, you also voted for 'Boaty Mc Boatface', didn't you? Another fine example of the English youth mentality...

 

 

As said, total denial.

 

I am told it is s common trait of losers.

 

 

 

What a great name Boaty McBoatface was though....... fitting for a polar research vessel.

Total and absolute bull

 

 

shit

this prediction is if uk get a hard brexit if they get an agreement with eu the pound will be the same.

Heard rumors my Financial Advisor, pre 2008, has been appointed to the The Economy Forecast Agency (EFA)!

Not all that bad. Put your money in a Thai bank and gain on the issue. Then in a few years you'll be happy whether you decide to take your money back to Britain or stay in Thailand. There are always two ways(or more) to look at such a situation. If you plan on living in Thailand and believe the baht will continue to appreciate per the forecast then deposit more in Thailand.