Finally some good news! Brits getting 43 Baht to the Pound, USD doing OK too

[mickyr55]

19 hours ago, Golden Triangle said:

Long may it continue ????????????????

Only advantage to those bringing cash in, those of us already with cash in Thailand are worse off weaker Bhatt has resulted in higher fuel costs which affects all prices due to delivery cost on all products, increasing fuel prices has resulted in B200 extra to fill car ????????

[thaiowl]

I remember getting Bt84 to the pound in January 1998!

[rickudon]

5 minutes ago, Gra777 said:

The rate for changing pounds to baht yesterday was 42.01 at SCB bank so where can i get the 43?

Do not use a Thai bank (or a British bank). Use trabsferwise or a fee free credit card like Halifax clarity.

[Cake Monster]

1 hour ago, Farang99 said:

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.

A new exchange rate now of approx 43 Baht to the Pound, is really nothing to shout about.

As Fafang99 pointed out, the rate only 5 Years ago was indeed 56 Baht / Pound, which was  before the Brexit Upset, and at 43 / Pound is still some 20 % or so below that rate.

And the Inflation rate here in Thailand is somewhere close to 5 % PA in real terms, as opposed to the Governments 1.3 % figure, that we all know is tosh.

I can see the Pound gaining more strength as 2021 progresses, but will still end up at about 45 / Baht by year end

Still poor.

[Lacessit]

I'm quite happy with anything above 20 baht to the AUD. My 800K baht on deposit was brought across when the rate was 28.5 to one AUD.

Now, if the rate will just stay at 23.8 or higher, I can bring across enough in the next couple of months for a year's expenses. I'm optimistic, the AUD is predicted to rise further against the USD.

[bluemoonpattaya]

We need to push past resistance at 45 Bt to the £.  Then we could push on for pre Brexit vote exchange rate, when the rate was in the 50's

[nauseus]

18 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"

 

And I remember when the rate was 30 to the GBP. But it was even better here then.

[nauseus]

36 minutes ago, Cake Monster said:

A new exchange rate now of approx 43 Baht to the Pound, is really nothing to shout about.

As Fafang99 pointed out, the rate only 5 Years ago was indeed 56 Baht / Pound, which was  before the Brexit Upset, and at 43 / Pound is still some 20 % or so below that rate.

And the Inflation rate here in Thailand is somewhere close to 5 % PA in real terms, as opposed to the Governments 1.3 % figure, that we all know is tosh.

I can see the Pound gaining more strength as 2021 progresses, but will still end up at about 45 / Baht by year end

Still poor.

Better than 30.

[crazykopite]

It’s back down to 42 ,426 was only 43 for 6 hours I’m convinced that they manipulate the Thai baht and very soon it will come back to haunt them this rate is currently what you get with Wise which up until a week ago was known as TransferWise they have changed the name as it is rumoured that they are about to float on the stock market . I use them all the time I have yet to find another company that offers better rates and less charges . Last week I sent £2,000 to my SCB account it was there in less than 8 minutes and the cost was £10.98 transaction fee.

[Clydesdale]

15 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 nowhere near exhausting its substantial foreign reserves. Sure some intervention dollars are likely to be mobilised if/when pressure on baht were to intensify. Authorities will be very happy to see the recent (modest) weakening of the previously overvalued baht.

[crazykopite]

19 minutes ago, nauseus said:

Better than 30.

In 2005 I was getting 74 baht to the £ , I felt like a millionaire I’m convinced they manipulate the baht and that one day it will comeback to haunt them 

[crazykopite]

3 hours 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

You should be using Wise which until a week ago was Transfer Wise best exchange rates and fees . I sent 2k from the U.K. last week got 42.724 for the £ and the fee was less than £12 was sitting in my SCB account in less than 10 minutes had I used my NatWest I would have had to pay at least £25 in transfer charges would of got a lousy rate and would of taken 3 days to arrive 

[millymoopoo]

20 hours ago, Golden Triangle said:

Long may it continue ????????????????

When I first came to Thailand it was 31bht = AU$1
Will it continue back to that value.?

[Mavideol]

18 minutes ago, millymoopoo said:

When I first came to Thailand it was 31bht = AU$1
Will it continue back to that value.?

hope is the last thing to die  555

[Pilotman]

That rate didn't last 24 hours.   Back into the 42s today

[Pilotman]

48 minutes ago, Niaga Dennab said:

42.65 by Super Rich yesterday also.  That's near as dammit 43

Say what?  42.65 is not near 43 in any terms, let alone exchange rates. 

[johnarth]

I remember 34 Thai baht to $1 Aussie dollar, that was great living was cool and very enjoyable

[Bangkok Barry]

19 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 bought my house then for 660,000 baht, which I think was around 9000 sterling then, enough in the UK to buy half a beach hut. I spent double that on doing it up and now with the exchange rate what it is it's worth about 90,000 sterling. Completely irrelevant though, as I'm not selling in Thailand or buying in the UK. But it I was, I could buy a really big beach hut.

[Pilotman]

We bought our place at 55 Baht to the Pound Sterling, thank goodness.   Pure luck in timing of course. I'm sure many did better than that. 

[Mavideol]

..... and  start the  ""Nostalgia/Saudade"" feeling    555

[fulhamster]

2 hours ago, Gra777 said:

The rate for changing pounds to baht yesterday was 42.01 at SCB bank so where can i get the 43?

You would have got it at Transferwise

[Scott Tracy]

2 hours ago, worgeordie said:

its up and down

like a fiddlers elbow, speculators at work ?

 

It's 'in and out like a fiddler's elbow', 'up and down like a whore's drawers'....

[Thailand]

When we bought our house at one point during the 3 or 4 transfers we got 72 baht for 1 gbp! 

[bkk6060]

Time to rush out and buy a Pattaya condo.

[Hockeybik]

21 hours ago, Golden Triangle said:

Long may it continue ????????????????

Lower may it fall.

[nauseus]

41 minutes ago, Bangkok Barry said:

I bought my house then for 660,000 baht, which I think was around 9000 sterling then, enough in the UK to buy half a beach hut. I spent double that on doing it up and now with the exchange rate what it is it's worth about 90,000 sterling. Completely irrelevant though, as I'm not selling in Thailand or buying in the UK. But it I was, I could buy a really big beach hut.

Nice job.

[nauseus]

12 minutes ago, bkk6060 said:

Time to rush out and buy a Pattaya condo.

It could be soon, anyway. 

[Bangkok Barry]

About a year ago termites brought down part of the ceiling, and instead of spending a small fortune putting up a new one I decided to go industrial modern. I think it works. 

[OswaldBastable]

Just now, Bangkok Barry said:

About a year ago termites brought down part of the ceiling, and instead of spending a small fortune putting up a new one I decided to go industrial modern. I think it works. 

White was better IMHO, looks dark and dingy now.

[SwampyThai]

4 hours 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

More fool you, I have been using Transfer Wise for years, the money does not leave the UK, the Thai baht is paid into your Thai account from a Thai Transfer Wise account, usually within 2 minutes, NO international transfer costs just a very small handling fee and extremely good exchange rates. Easy ????