30 minutes ago, ourmanflint said:

UK govt debt is to itself, it's not that much of a problem in reality

Yes, one third is to the BOE for QE. But the point is the FOREX markets still views that as debt and on a comparative basis, the lower the debt, the stronger the currency.

5 hours ago, DavoTheGun said:

I would tell you to mind your own business.

Well said.

4 hours ago, Excel said:

44.39 a few seconds ago

 

Yeah over 10% up in the last 5 months. That's some cliff edge we fell over. ????

 

If that trend continues we'll be around 50 by Christmas. Which doesn't suit me actually as I earn in Baht, but it does prove me absolutely correct about all that Project Fear rubbish.

 

Leaving the EU vaccine program was even a bigger gain, both in terms of lives saved and economic recovery. Not to mention avoiding the embarrassment of being associated with such a shower of sh..

5 hours ago, mickyr55 said:

In the last 3months E20 which I use has gone up about 5 Bhatt per litre is just over 26B per litre now. 

I can remember a few years ago when it was over 40thb per litre.

 

Back in December 2001 when I bought my pickup it was about 9.5 thb per litre.

4 hours ago, luckyscruff said:

It is fine saying Thai Bhat is at 44.15 but this is only if you exchange cash .

What i suggest most people here are interested in is the rate on Money Transfers , for pension / savings transfers from there home banks into a Thai bank , as they are living here they do not have physical cast to exchange 

My pensions are paid into my Wise account in the UK and then transferred to my BBK account here in Thailand,

 

Wise and XE are always 50 or more satang better than transferring direct to my Kasikorn bank as I used to do.

 

Using Wise I know how much GBP I am sending, what the bank charges are (lower than KBank), what exchange rate I am getting (better than KBank), and what day the pension will be paid into my BBK account.

 

Usually the following day unless it is the weekend or a bank holiday. Also I get that forex rate from the time of the transfer starting until it is actually in my account.

 

With KBank I never knew when it would arrive, what the charges were, what the forex rate was.

 

I had to work backwards from the Thb amount to the amount I had transferred. I also had no idea how many intermediary banks it went through, each bank taking a nibble on the way.

 

4 hours ago, luckyscruff said:

Thanks for the comments , did not know about Wise , so will look into it , could you have your pension paid into it , and then transfer to your foreign bank account ?

 

Yes and very easily too.

Love to see the dollar at 34 again! Fingers crossed !

12 hours ago, ourmanflint said:

UK govt debt is to itself, it's not that much of a problem in reality

The latest figures I could find easily are from 2017. It's worth remembering that these figures are 4 years old, don't include the huge financial impact of covid and that bond/gilt interest rates are currently at their lowest. There may not even be a market for them if a huge volume from the almost every country on earth eventually hits the market.

 

 

 

https://www.economicshelp.org/blog/1407/economics/who-owns-government-debt/

 

On the other side of the currency picture, here's what Thailand's debt picture looks like as of 2020, unfortunately there's no nice graphics but it's a very short read.

 

https://www.pdmo.go.th/pdmomedia/documents/2020/Jun/Public Debt Outstanding Report as of May 31st, 2020.pdf

 

Edited May 17, 20215 yr by Brierley

19 hours ago, Excel said:

Got 44.33 early this morning. Looking more likely to increase further with the Thai economy moving into desperate territory and the UK moving upwards given their success with covid vaccinations, I am hopeful that the 45 barrier will be breached soon.

Going that way. 44.53 now with Wise

I bought my house/car/furniture/pool table at 73 to £.  I used to get over 350K when I transferred £5000.  I used to spend it all locally.  Now it's just crept over 200K baht and I've so curtailed my spending I'm known as Khun Keanyow Reeves.

20 hours ago, clivebaxter said:

I just checked on wise.com, I was a bit wrong, when I transferred in June 2016 it was 51 baht to the pound, always better than bank rates

It was 55 (and briefly hit 56) just under a year earlier. I transferred some funds and got around 55 when I retired to Thailand in September 2015.

 

I was thinking to transfer more but decided against it at the time. Now of course, I wish I had done so but as they say, hindsight is always 20/20 vision.

 

Edited May 18, 20215 yr by GroveHillWanderer

22 hours ago, anchadian said:

And today still climbing:

 

44.348 +0.193    +0.44%

 

https://uk.investing.com/currencies/gbp-thb

Todays rate at about 11:30 this morning.

 

KBank          44.21784

Wise            44.61350

XE                44.61310

4 minutes ago, Rookiescot said:

 

Hows it doing against the Euro? Or the Dollar? 

Truth is the Baht is falling. Its not a case of the pound taking off.

Cant believe you are still spouting this nonsense after all the damage that Brexit is inflicting on the UK.

Keep your head in the sand.

Climbing steadily against the Euro as well.

 

1.09 in December. 1.16 today so almost 7%. Not too shabby in 5 months. Similar story against the Dollar. Not exactly falling off a cliff is it?

 

Commiserations on failing to get an SNP majority by the way. Fortunately for you the UK is doing great.

5 minutes ago, JonnyF said:

Climbing steadily against the Euro as well.

 

1.09 in December. 1.16 today so almost 7%. Not too shabby in 5 months. Similar story against the Dollar. Not exactly falling off a cliff is it?

 

Commiserations on failing to get an SNP majority by the way. Fortunately for you the UK is doing great.

 

Was 1.18 in February last year.

Yeah its a stellar performance.

Oh and of course it was 1.32 just before Brexit.

 

There is a majority for independence in the Scottish parliament. Thats all we need.

Bye bye Brexitland.

It might be worth keeping in mind the resistance levels where the pair is trading currently, the forecasts seem to be saying that 45 is not likely.

 

Resistance Level (R3): 45.080
Resistance Level (R2): 44.819
Resistance Level (R1): 44.681
Pivot Point: 44.420

https://walletinvestor.com/forex-forecast/gbp-thb-prediction

 

High number of off topic posts removed.

I just sent GBP 275 to my BBK bank via Wise and the forex rate was 44.3242 and the transfer charge was GBP 2.05.