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Posted
18 minutes ago, Advocate said:

The British rupee? GBP 1 = 42.49 THB a long way from 75.

 

 Dollar/Baht wasn't bouncing around 30 at that time !!  When Sterling/Baht was around 75 Dollar/Baht was bouncing around 40/41

Two currency pairings make up the number crunch. There is no "direct" exchange rate between Sterling/Baht. Movement in either pairing affects the bottom line

Hopefully Sterling/Dollar will increase towards $1.50 over the coming two to three years which will help us nicely

Posted
3 hours ago, Chivas said:

 Dollar/Baht wasn't bouncing around 30 at that time !!  When Sterling/Baht was around 75 Dollar/Baht was bouncing around 40/41

Two currency pairings make up the number crunch. There is no "direct" exchange rate between Sterling/Baht. Movement in either pairing affects the bottom line

Hopefully Sterling/Dollar will increase towards $1.50 over the coming two to three years which will help us nicely

The Brexit unraveling will dash those hopes as far as GBP is concerned.

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Posted
5 hours ago, PETERTHEEATER said:

Do you not understand that Thailand is THE HUB of oil imports. But to where, then, do they export the surplus? ????

 

Saving it for the Moon Rockets and Submarines.

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Posted
16 hours ago, Rinrada said:

FIO.....Today in 1997......

1997 British Pound Sterling = 85.101 Thailand Baht
1997 US Dollar = 61.346 Thailand Baht.......Chai...

 

1997 was a special case because that was when the Asian financial crisis of that time occurred affecting many Asian countries.

The British rupee currently has downward mobility as Brexit unravels.

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Posted
12 hours ago, Meat Pie 47 said:

No today's rate is 28.83 to 1 AUD

What are you smoking? Or is a money changer ripping you off on changing Baht to AUD? ????

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Posted
On 3/16/2021 at 12:03 PM, Isaan sailor said:

Not exactly.  It seems more likely the Baht is pegged to the Chinese Yuan.  The Yuan has given up its gains on last six months—as has the Baht.

They should peg the Baht to the USD again—but use 33 Baht (not 27 Baht) to the USD.  Then watch the economy rocket up.

You would  have to show me where I said "pegged".

Following the financial crisis Thailand took the decision to hold the bulk of it's foreign reserves in USD. The baht is tied to the dollar, wherever the dollar goes the baht will follow.

 

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  • 4 weeks later...
Posted
1 hour ago, Brierley said:

What you wrote about the Baht going wherever the Dollar goes is true, but not 100%. BOT operates a "managed float" of exchange rate control, otherwise known as the cheaters float. What that means in practice is that USD/THB will respond to FOREX market forces as long as BOT agrees, if they do not agree they are permitted to intervene to influence the rate. Since THB (for delivery) is not freely traded  on global markets, virtually all the transactions that influence its value, occur inside Thailand.

And as I said before in here, and it can be subject to  manipulation for that very reason. Let's see if they make the upcoming report as a currency manipulator. Of course those forum members who consider themselves world economic experts may disagree by using that old  argument "they all do it" but so what that if they do it is still manipulation.

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  • 2 months later...
Posted

Thought the Pound might have hit 45...but no...just looking now at 43.80 down approx 1 baht from a few weeks ago...Stayed at 44 for almost a month..Roll on tomorrow...Never be the same as 97...in 97  way back..again but all in the lap of the gods ....MPR..

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Posted

I am waiting for the baht to get back to 2010 levels. Then we can have a party again .

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Posted
On 6/18/2021 at 1:38 AM, Rinrada said:

Thought the Pound might have hit 45...but no...just looking now at 43.80 down approx 1 baht from a few weeks ago...Stayed at 44 for almost a month..Roll on tomorrow...Never be the same as 97...in 97  way back..again but all in the lap of the gods ....MPR..

43.35 on Super Rich today, I thought with UK opening up, trying to get

back to some form of normalcy ,Sterling has been in free fall this week.

regards Worgeordie

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Posted (edited)
21 hours ago, worgeordie said:

43.35 on Super Rich today, I thought with UK opening up, trying to get

back to some form of normalcy ,Sterling has been in free fall this week.

regards Worgeordie

 

Totally unrelated to the Baht

All down to Sterling weakening against the USD on the opposite side of the pairings on talk of US rate rise. Baht is completely flat and range bound as it has been been these last few years

 

Sterling/Baht dropped off the back of it obviously

Edited by Chivas
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Posted
On 6/20/2021 at 12:00 PM, Chivas said:

 

Totally unrelated to the Baht

All down to Sterling weakening against the USD on the opposite side of the pairings on talk of US rate rise. Baht is completely flat and range bound as it has been been these last few years

 

Sterling/Baht dropped off the back of it obviously

Back over 44 again...

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