Popular Post webfact Posted March 19, 2021 Popular Post Share Posted March 19, 2021 FILE PHOTO for reference only Posters online who continually complain about the poor exchange rate for their money in Thailand due to the strength of the Thai baht are getting some respite. On SuperRich today the top rate for sterling has nearly passed 43 baht. Today it was 42.9 baht to a pound the highest in years. The US dollar is also up from lows of below 30 to now be 30.83 to 100 dollar bills. The Australian dollar that at one time slipped below 20 baht is now valued at 23.8 on SuperRich. The Euro is valued at 36.75 to high denomination bills today. Many have said that apart from the pandemic, one of the reasons people are put off coming to Thailand is the strength of the baht. -- © Copyright Thai Visa News 2021-03-19 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 4 Link to comment Share on other sites More sharing options...
Popular Post Golden Triangle Posted March 19, 2021 Popular Post Share Posted March 19, 2021 Long may it continue ???????????????? 23 1 1 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted March 19, 2021 Popular Post Share Posted March 19, 2021 28 minutes ago, Golden Triangle said: Long may it continue ???????????????? A long way to go. If one has the moderate hope to get back to the 10 year high, the following gains from current value would be necessary (rounded): USD 18% EUR 23% GBP 31% AUD 39% (with graphs from xe.com) https://www.xe.com/currencycharts/?from=USD&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=EUR&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=GBP&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=AUD&to=THB&view=10Y 10 7 1 Link to comment Share on other sites More sharing options...
Popular Post Daffy D Posted March 19, 2021 Popular Post Share Posted March 19, 2021 I remember when the rate was over 70 to the UKP. Cheap living and the whole country was a lot more fun than it has now become. Was truly "Amazing Thailand" 34 1 1 4 1 Link to comment Share on other sites More sharing options...
Popular Post Golden Triangle Posted March 19, 2021 Popular Post Share Posted March 19, 2021 1 hour ago, KhunBENQ said: A long way to go. If one has the moderate hope to get back to the 10 year high, the following gains from current value would be necessary (rounded): USD 18% EUR 23% GBP 31% AUD 39% (with graphs from xe.com) https://www.xe.com/currencycharts/?from=USD&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=EUR&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=GBP&to=THB&view=10Yhttps://www.xe.com/currencycharts/?from=AUD&to=THB&view=10Y As the Tesco advert proclaims " Every little helps " ???? I'm reasonably aware that it may take some time to get anywhere near 2016s 50 + to the £. But who knows what could happen to the banks, property, the currency here ? I'm just grateful for a slow and modest rise in the value of all currencies - except the Baht of course ???? 13 Link to comment Share on other sites More sharing options...
Popular Post tomazbodner Posted March 19, 2021 Popular Post Share Posted March 19, 2021 In related news - price of all imported stuff increases 50% 3 1 17 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted March 19, 2021 Popular Post Share Posted March 19, 2021 (edited) 2 hours ago, Daffy D said: I remember when the rate was over 70 to the UKP. That indeed lasted during short period 1997/1998 and about 2004 to 2008. Peak rate 90.67 ???? Diagram from 1997 to 18 March 2021. First marker: Asian crisis Second: THE global financial crisis Third: Brexit vote Edited March 19, 2021 by KhunBENQ 6 Link to comment Share on other sites More sharing options...
Popular Post Petey11 Posted March 19, 2021 Popular Post Share Posted March 19, 2021 Could it be due to Thailand exhausting it's foreign reserves. Read a report that they've borrowed short term loans to offset the pandemic last year and will have to borrow the same this year. Those short term loans are now draining the coffers just to repay. In the same report some 3 billion dollar plus has exited Thailand in the first two months of this year. Long been speculated that Thailand's foreign reserves had artificially propped up the bath, maybe now showing as they've had to dip into those foreign currencies the last year. 9 2 Link to comment Share on other sites More sharing options...
Popular Post kwak250 Posted March 20, 2021 Popular Post Share Posted March 20, 2021 Well 43 to the £ Branston pickle on Lazada Happy times indeed. 2 1 6 Link to comment Share on other sites More sharing options...
Popular Post Kerryd Posted March 20, 2021 Popular Post Share Posted March 20, 2021 11 hours ago, Petey11 said: Could it be due to Thailand exhausting it's foreign reserves. Read a report that they've borrowed short term loans to offset the pandemic last year and will have to borrow the same this year. Those short term loans are now draining the coffers just to repay. In the same report some 3 billion dollar plus has exited Thailand in the first two months of this year. Long been speculated that Thailand's foreign reserves had artificially propped up the bath, maybe now showing as they've had to dip into those foreign currencies the last year. Could very well be the case. I note that the Canadian $ has also crept up a bit, though it's still a far cry from the 32/1 that we were getting back in 2008. Which still sucked as, at the time, the Canadian $ was worth more than the US $ but was getting 3 baht less on the exchange ! And with the way the Liberals (in Canada) continue to borrow 10s of billions and throw it around like they think it never has to be repaid, I would have expected the (Cdn) dollar to be losing value (which it historically does whenever the Liberals are in power). The fact it has improved against the baht probably is more a reflection on Thailand's currency situation than on Canada's. The longer the covid crisis goes, the worse it could get (for the baht) which would make a lot of people happy (and a lot of other people sad). 4 Link to comment Share on other sites More sharing options...
Dogbarker Posted March 20, 2021 Share Posted March 20, 2021 16 hours ago, Golden Triangle said: Long may it continue ???????????????? Except for those repatriating funds back to their home country???? Link to comment Share on other sites More sharing options...
micmichd Posted March 20, 2021 Share Posted March 20, 2021 14 hours ago, tomazbodner said: In related news - price of all imported stuff increases 50% Then maybe Thailand turns into an export country. 2 Link to comment Share on other sites More sharing options...
actonion Posted March 20, 2021 Share Posted March 20, 2021 (edited) It didnt last long did it, i transfered money from UK to Thailand on 18th March with Siam Commercial bank and got 40.51 B when it was reading 43.06 on the internet Edited March 20, 2021 by actonion 3 2 1 Link to comment Share on other sites More sharing options...
Popular Post Madgee Posted March 20, 2021 Popular Post Share Posted March 20, 2021 5 minutes ago, actonion said: It didnt last long did it, i transfered money from UK to Thailand with Siam Commercial bank and got 40.51 B More fool you! ...Sorry, couldn't resist. 8 1 1 Link to comment Share on other sites More sharing options...
Popular Post Farang99 Posted March 20, 2021 Popular Post Share Posted March 20, 2021 15 hours ago, Daffy D said: I remember when the rate was over 70 to the UKP. Cheap living and the whole country was a lot more fun than it has now become. Was truly "Amazing Thailand" 1998, following the Asian Bank crisis. But only 5 years ago it was at 56 to the £ and it went rapidly down hill from there. 43 is better than a slap with a wet fish, but not a lot. When you combine the exchange rate with Thai inflation it is not a pretty picture. 4 Link to comment Share on other sites More sharing options...
SiSePuede419 Posted March 20, 2021 Share Posted March 20, 2021 43B to a pound? A pound of what ❓ 2 Link to comment Share on other sites More sharing options...
Popular Post sambum Posted March 20, 2021 Popular Post Share Posted March 20, 2021 13 hours ago, Petey11 said: Could it be due to Thailand exhausting it's foreign reserves. Read a report that they've borrowed short term loans to offset the pandemic last year and will have to borrow the same this year. Those short term loans are now draining the coffers just to repay. In the same report some 3 billion dollar plus has exited Thailand in the first two months of this year. Long been speculated that Thailand's foreign reserves had artificially propped up the bath, maybe now showing as they've had to dip into those foreign currencies the last year. "Thailand's foreign reserves had artificially propped up the bath" Just had a mental image of farang footballers making sure that Deputy Prime Minister General Prawit Wongsuwan doesn't overturn while performing his ablutions! 3 Link to comment Share on other sites More sharing options...
Popular Post SymS Posted March 20, 2021 Popular Post Share Posted March 20, 2021 (edited) Just a temporary reprieve, long term the USD is headed towards 15 Baht. Edited March 20, 2021 by SymS 3 4 Link to comment Share on other sites More sharing options...
Popular Post Henryford Posted March 20, 2021 Popular Post Share Posted March 20, 2021 18 hours ago, Golden Triangle said: Long may it continue ???????????????? Dropped half a baht this morning, that didn't last long. 1 3 Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted March 20, 2021 Share Posted March 20, 2021 36 minutes ago, SiSePuede419 said: 43B to a pound? A pound of what ❓ A pound of flesh.....this should motivate the boys in charge as this seems to the the only way for real action.......moves on the teflon baht aka money no.1 !!!! Link to comment Share on other sites More sharing options...
cnx101 Posted March 20, 2021 Share Posted March 20, 2021 16 hours ago, Daffy D said: I remember when the rate was over 70 to the UKP. Cheap living and the whole country was a lot more fun than it has now become. Was truly "Amazing Thailand" Yes I remember too 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 20, 2021 Share Posted March 20, 2021 18 hours ago, webfact said: On SuperRich today the top rate for sterling has nearly passed 43 baht. Today it was 42.9 baht to a pound the highest in years. Been along time coming, hope the trend continues. Link to comment Share on other sites More sharing options...
hotchilli Posted March 20, 2021 Share Posted March 20, 2021 16 hours ago, Daffy D said: I remember when the rate was over 70 to the UKP. Cheap living and the whole country was a lot more fun than it has now become. Was truly "Amazing Thailand" I can remember 65B to the GBP Link to comment Share on other sites More sharing options...
Popular Post Jaxxper Posted March 20, 2021 Popular Post Share Posted March 20, 2021 Still a long way from where people budgeted prior to say Brexit, but every little helps. The doom and gloomers were forecasting 25-30 to Sterling, so let’s hope the current upward trend continues. 3 1 Link to comment Share on other sites More sharing options...
Popular Post DPKANKAN Posted March 20, 2021 Popular Post Share Posted March 20, 2021 (edited) 1 hour ago, actonion said: It didnt last long did it, i transfered money from UK to Thailand on 18th March with Siam Commercial bank and got 40.51 B when it was reading 43.06 on the internet I actually got 43.0267 yesterday via TransferWise!!???????????? Edited March 20, 2021 by DPKANKAN 5 Link to comment Share on other sites More sharing options...
thurien Posted March 20, 2021 Share Posted March 20, 2021 "one of the reasons people are put off coming to Thailand is the strength of the baht" the THB obviously took note of that scepticism Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted March 20, 2021 Popular Post Share Posted March 20, 2021 Not so fast. Baht gained 22 Satang on USD last night. Euro and Pound also nosedived. Sure looks like they pegged the Baht to the Chinese Yuan—also up last night. I wish currency traders would cease lumping Thailand in with “Emerging Markets”. It drives the Baht up, when Joe Six-Pack reallocated his 401k to seek higher returns from Emerging Markets. Thailand is emerging, all right. Emerging into recession, with an uncontrolled Baht. 3 Link to comment Share on other sites More sharing options...
donnacha Posted March 20, 2021 Share Posted March 20, 2021 The only exchange rate I'm watching right now is BTC to THB. When it hits two million, we're going to have a party ???? Link to comment Share on other sites More sharing options...
worgeordie Posted March 20, 2021 Share Posted March 20, 2021 On Superrich its back down to 42.55 to Pound, its up and down like a fiddlers elbow, speculators at work ? regards Worgeordie 1 Link to comment Share on other sites More sharing options...
shackleton Posted March 20, 2021 Share Posted March 20, 2021 Well thats probably the kiss of death on the pound Dropped yesterday from $1.39. To $1.38 I as others hope it continues up against the USA Dollar and Thai Baht 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now