THB exchange rate to Euro steadily climbing for 1 month now

[Peter Denis]

The THB exchange rate to Euro has been steadily climbing for 1 month now.

Any 'crystal ball' indicators whether it would be wise to transfer now or wait for it to climb further.

- - - -

Below a screenshot from TransferWise.

Last month rate (June 20) > 1 Eur = 34,6835

Today (July 20) > 1 Eur = 36,2839

 

[grego49]

Same with the Aussie dollar 22.18 this morning,cheers

[sezze]

Looking at the chart , it looks like it has broken huge resistance at high 35 lvl , might now be heading to 37.5 , but in these times idk . Theres so much more going on then just charts , and it is difficult to tell .

[stouricks]

Look at GBP to THB since 1st July, 38 up to 39.8.

[BritManToo]

Just now, stouricks said:

Look at GBP to THB since 1st July, 38 up to 39.8.

Pound was at 41 before COVID.

[Kwasaki]

15 minutes ago, sezze said:

Theres so much more going on then just charts , and it is difficult to tell .

Difficult to tell always, you don't whether it's a carrot for Europeans who are looking at holidays. 

[Susco]

13 minutes ago, BritManToo said:

Pound was at 41 before COVID.

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

[robblok]

Euro - Gbp difference only 3.5 bt was always something like 4.5 or more. Not going well for the pound. Euro is slowly going up. I hope it wont stop but you never know. 

[Sophon]

9 minutes ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

[Brunolem]

This is good news for my pension, paid in euros.

 

Having said that, seeing the euro climbing against most currencies, not only the baht, shows how deeply disturbed the financial markets are.

 

The EU is a basket case, whose members can't agree on anything, and the euro is crippling a good half of its members' economies.

 

Meanwhile, the European Central Bank (ECB) has been creating (fake) euros like mad, for years, while forcing interest rates into negative territory.

 

And it is ready to do even more because the 750 billion rescue plan, on which the EU members can't seem to agree, will be entirely financed by the ECB.

 

In such conditions, one might wonder what could make the euro so attractive.

[BritManToo]

14 minutes ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

3 Feb 2020, 27 Feb 2020, 9 Mar 2020, 15 April 2020 = 41.1 (Xe.com)

I managed to change at 41 on two of those occasions.

Edited July 20, 2020 by BritManToo

[hotandsticky]

3 minutes ago, BritManToo said:

3 Feb 2020, 27 Feb 2020, 9 Mar 2020, 15 April 2020 = 41.1 (Xe.com)

I managed to change at 41 on two of those occasions.

 

 

18 minutes ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

 

 

You do post rubbish!  .................... 41.22 on 15th April

[Susco]

4 minutes ago, hotandsticky said:

 

 

 

 

You do post rubbish!  .................... 41.22 on 15th April

 

Kasikorn Exchange rate on 15 April.

Back to your cave, you troll

 

[Oldie]

In my experience the Baht is tied to the USD and here to a certain range. If the Euro goes up against the Baht it is because the Euro goes up against the USD. 

[Susco]

18 minutes ago, Sophon said:

Thanks for confirming that you could NOT exchange at 41 Baht on 15 April, as per your screenshot it was 40.32 on that day

[PFMills]

7 minutes ago, Susco said:

 

Kasikorn Exchange rate on 15 April.

Back to your cave, you troll

 

It is generally accepted to post the mid market rate...

[Susco]

1 minute ago, PFMills said:

It is generally accepted to post the mid market rate...

 

Posters claim they exchanged at 41.22 Baht, so why would post mid market rate, when that is not the exhange rate?

[BritManToo]

5 minutes ago, Susco said:

 

Posters claim they exchanged at 41.22 Baht, so why would post mid market rate, when that is not the exhange rate?

I use Transferwise, they exchange at the mid-market rate.

 

Edited July 20, 2020 by BritManToo

[hotandsticky]

11 minutes ago, Susco said:

 

Posters claim they exchanged at 41.22 Baht, so why would post mid market rate, when that is not the exhange rate?

 

 

Incorrect. Posters stated that your ridiculous statement (that THB/GBP had not been over 40 for 10 months) was a lie.

 

 

I moved money via TW on 15th April at 41.10

[stouricks]

24 minutes ago, Susco said:

 

Kasikorn Exchange rate on 15 April.

Back to your cave, you troll

 

So what did you say in your post no 7?

[Peter Denis]

24 minutes ago, Oldie said:

In my experience the Baht is tied to the USD and here to a certain range. If the Euro goes up against the Baht it is because the Euro goes up against the USD. 

Below a screenshot from TransferWise.

Last month rate (June 20) > 1 US $ = 31,02

Today (July 20) > 1 US $ = 31,79

 

So, since beginning of July the THB is not only losing ground to the Euro, but also to the US $ (as well as to the Aussie $).

 

[innosiem]

40 minutes ago, Susco said:

 

Kasikorn Exchange rate on 15 April.

Back to your cave, you troll

 

 

1 hour ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

April was just 2 months ago
Just Sayin ????

[OneeyedJohn]

A 10% devaluation of the Baht right now would be perfect. 

 

Encourage tourism and make exports cheaper.  That is my limited economic knowledge????

[whiteman]

kiwi is starting to also move up 20.7 still well short of 25 ????

 

Edited July 20, 2020 by whiteman

[actonion]

1 hour ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

25th February 2020 = 41.01    &   3rd April 2020 = 40.75

[Susco]

1 minute ago, actonion said:

1 hour ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

25th February 2020 = 41.01    &   3rd April 2020 = 40.75

 

If you all want to be cherry pickers to the few days it was above 40, why don't you cherry-pick what the poster said?

 

Here it is again, now please remind me when Covid started, and find me the rates of 41 to the Baht in the 10 months prior to that date.

 

 

 

[Susco]

17 minutes ago, innosiem said:

1 hour ago, Susco said:

Sure, 2018 was before covid

 

Pound hasn't been above 40 for the last 10 months

April was just 2 months ago
Just Sayin 

 

COVID didn't start 2 months ago.

 

Just Sayin

 

And because you all elected an idiot to run the pound into the ground, you can't blame the Thais for that

Edited July 20, 2020 by Susco

[Oldie]

32 minutes ago, Peter Denis said:

Below a screenshot from TransferWise.

Last month rate (June 20) > 1 US $ = 31,02

Today (July 20) > 1 US $ = 31,79

 

So, since beginning of July the THB is not only losing ground to the Euro, but also to the US $ (as well as to the Aussie $).

 

It just moves in a range - nothing to be exited about so far. If it goes well above 33 then I see a change in the trend. 

[2 is 1]

11 minutes ago, Susco said:

 

COVID didn't start 2 months ago.

 

Just Sayin

When you think it "started"? When it was found in China or later?

Pandemic not started  yet when they find covid-19!

And here is what you looking for!

 

Edited July 20, 2020 by 2 is 1

[Paiman]

1 hour ago, Oldie said:

In my experience the Baht is tied to the USD and here to a certain range. If the Euro goes up against the Baht it is because the Euro goes up against the USD. 

A bit of 1997 would be nice.

 

Back then Thai government could not support their currency against the US$ and had to let it free float.