British pound continues to do well against the baht - rise against dollar is the reason, says UK media

 

File photo

 

British expatriates in Thailand are likely to have been encouraged recently by an improvement in the Baht/British pound exchange rate.

 

One site listed the rate as 40.7 baht to the pound. Super Rich stated that it was 40.6 today. 

 

The last six months' average was 39.8. The previous high was 41.2 in February and the low was 37.5 on March 19th. 

 

Sky News' Business Editor Ian King stated yesterday that the pound had enjoyed a sharp improvement against the dollar in recent weeks.

 

This appears to be the reason for the baht's movement against the Thai currency.  

 

 

-- © Copyright Thai Visa News 2020-08-04

 

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Onwards and upwards please. 

I'm hoping for 70 - 90 baht to the pound soon ????

Hallelujah!

Annual pension is due to arrive next month. Let's have a couple more baht to the pound by then please (Knowing my luck it'll plunge back to 37!)

The pound has regained its pre-Covid true value.

 

However, that was purely because the USD fell like a limp exhausted organ, and has nothing to do with the UK economy.

 

 

US tanked big time from 21st June. I'm not honouring any USD after the last two weeks. 

4 minutes ago, madmitch said:

Annual pension is due to arrive next month. Let's have a couple more baht to the pound by then please (Knowing my luck it'll plunge back to 37!)

I have the same. One pension arrives mid august. I swear they know there are two of us now and it will drop at the payment time and jump again straight after.

????????

11 minutes ago, overherebc said:

I have the same. One pension arrives mid august. I swear they know there are two of us now and it will drop at the payment time and jump again straight after.

????????

The US Dollar is virtually certain to make comeback at some point. Odds are the Pound will fall then.

i saw republicans & democrats are at it again 

conjuring up more welfare through quantitative easing schemes,

and with the other hand banning people from going to work/school/resturants,

the result can only ever be a falling dollar

Edited August 4, 20205 yr by scammed

57 minutes ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

In your dreams  

56 minutes ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

You might hope but it wont happen soon that's for sure.

Pound sterling up against the Baht? I've obviously entered a parallel universe, either that or I'll wake up in a moment and discover it was all just a dream.

Four days ago was over 41 now it's back to 40.69.

 

Up and down like a whore's drawers.

1 hour ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

Remember getting 73 to the pound back in the day....lived like a Lord.

Still s**t....we're just scrabbling around for pennies (or satangs).

Not surprising with an election in the USA coming up which Sleepy Joe and the Radical Left are likely to win. Their policies will decimate an already disastrous USA economy. The UK seems to be recovering better even though the covid19 pandemic hit the UK hardest. 

3 hours ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

Wish I was smoking what you have.

11 minutes ago, kwak250 said:

Wish I was smoking what you have.

I'm still waiting for them to change the law so we can all plant our 6 plants...even though I don't smoke  but will plant it just "because"

The Thai baht remains strong in spite of all it's problems because it has huge foreign exhange reserves apparently. Whereas UK has thrown everything at supporting the economy through this pandemic and will take years to balance the books. 

Please, please, please. Mr Boris Johnson.

Keep your mouth, and those of your colleagues, SHUT!

Open it again - and any comment on bloody Brexit - the pound is certain to fall again.

5 hours ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

What you don't like numbers with 3 figures ?

6 hours ago, Dmaxdan said:

Onwards and upwards please. 

Thank the lord some light in the darkness.. keep rising sterling.

51 minutes ago, smudger1951 said:

The Thai baht remains strong in spite of all it's problems because it has huge foreign exhange reserves apparently. Whereas UK has thrown everything at supporting the economy through this pandemic and will take years to balance the books. 

As we've seen recently the GBP THB price is largely determined by the GBP USD price, ie whether the USD falls or not.

 

It looks like the Thai economy is not as important as whether the USD falls or not.

 

6 hours ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

Chat Na

 

I received 40.6916 today from TransferWise.

 

At the first mention of Pierre the unhappy French fisherman it will fall back into the channel where its been floundering for the last 4+ years ????

6 hours ago, johng said:

I'm hoping for 70 - 90 baht to the pound soon ????

Hi me to  > But im afraid we will have to wish in one hand and <deleted> in the other and see which gets full first. lol.????

9 minutes ago, Wavel said:

Chat Na

 

Maybe I'll come back as a rich man.

Back in the late 1990's I can remember getting 89 baht to one pound during the financial crash. For a short period I was a Thai baht millionaire - great days! Now my 3 pensions make me a Khmer Riel multi-millionaire!