File photo

 

People exchanging foreign currency for Thai baht have been celebrating as the currency continues its slide.

 

Yesterday on SuperRich the UK pound hit 45.25 for large denomination British notes.

 

Today on www.xe.com it was trading at 45.11 baht.

 

The currency was under 41 baht as recently as February, notes ASEAN Now. 

 

Today's current SuperRich rates are as follows:

 

Pound 44.95 

Euro 38.35

US Dollar 32.56

Aus Dollar 24.2

 

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Time to get excited when it breaks the sixty baht/ pound mark.

Yes forty five is good, but still a way to go to get back to happier times.

Time to transfer....or hang back?

45 minutes ago, webfact said:

People exchanging foreign currency for Thai baht have been celebrating

Where can one exchange foreign currency?

Banks have refused to accept foreign notes ages ago and the exchange booths are all closed down.

Just now, Tropicalevo said:

and the exchange booths are all closed down.

Where do you live?...................All open around Nana

1 hour ago, Tropicalevo said:

Where can one exchange foreign currency?

dude are you in Buriram?

2 hours ago, webfact said:

have been celebrating

fake news, stop it please

2 hours ago, Surelynot said:

Time to transfer....or hang back?

In a random world (which exchange rates probably are):

Higher risk strategy - do nothing or bet all your spare pounds NOW

Lower risk strategy - do some and save some for later

Lower risk strategies have always done good for me, but it depends on your temperament. A financial adviser could spend half an hour with you and ask a whole load of questions about your innate appetite for risk ( .................then remove most of you money by fees anyway ???? )

1 minute ago, SantiSuk said:

In a random world (which exchange rates probably are):

Higher risk strategy - do nothing or bet all your spare pounds NOW

Lower risk strategy - do some and save some for later

Lower risk strategies have always done good for me, but it depends on your temperament. A financial adviser could spend half an hour with you and ask a whole load of questions about your innate appetite for risk ( .................then remove most of you money by fees anyway ???? )

Just reading about "pound averaging"........will shift some money over now and hang back for a while......

Good, I'd like to hope the baht collapses, meaning I can transfer a full 800,000 to Thailand for visa purposes at near a third to half the cost of previous months !

3 hours ago, Surelynot said:

Time to transfer....or hang back?

Maybe consider tranching.  Bring some in now, save some for later.  Hedge one’s bets, so to speak!

3 hours ago, colinneil said:

Time to get excited when it breaks the sixty baht/ pound mark.

Yes forty five is good, but still a way to go to get back to happier times.

Agreed, 65-70 sounds good.

Bangkok Post outlook for 2021:  "as the baht will remain strong at around 30 baht to the US dollar."

 

I was just looking for some of those "experts" around the world who said the baht would never reach 32 to the US dollar in 2021.

Would be nice to go up to pre Brexit level to get me a free sandbox  

4 hours ago, Surelynot said:

Time to transfer....or hang back?

I started transferring from the US as soon as it crossed 32. So I have a nice amount of fun money sitting in my Kbank ac. now with nothing to spend it on. No clubs, no bars, no dining out, no nothing.

 

And, of course, when restrictions lift and everything's open again it'll drop to 28.

1 minute ago, Why Me said:

I started transferring from the US as soon as it crossed 32. So I have a nice amount of fun money sitting in my Kbank ac. now with nothing to spend it on. No clubs, no bars, no dining out, no nothing.

 

And, of course, when restrictions lift and everything's open again it'll drop to 28.

And prices here in Thailand will double ????

3 minutes ago, Why Me said:

I started transferring from the US as soon as it crossed 32. So I have a nice amount of fun money sitting in my Kbank ac. now with nothing to spend it on. No clubs, no bars, no dining out, no nothing.

 

And, of course, when restrictions lift and everything's open again it'll drop to 28.

ßloody bars still open in Khlong Toei............. so still spending money.........I suppose I could stop going out......nah.

'Pay day tomorrow'. (he said, rubbing his hands with glee) This is the 1st time in 5 years that my net monthly income has exceeded 60,000 THB. Keep sliding THB, keep sliding.

Just in? The pound hit 45 last week .Bit slow with the news on here

5 hours ago, Surelynot said:

Time to transfer....or hang back?

Russian Roulette comes to mind   ????

1 minute ago, digger70 said:

Russian Roulette comes to mind   ????

If I transfer next years money I should really let everyone know............you could be looking at 60 baht to the pound within hours.......

5 hours ago, Surelynot said:

Where do you live?...................All open around Nana

Koh Samui

I would be pretty dumb or very desperate to go to Nana at the moment - even if I could.

1 minute ago, Tropicalevo said:

Koh Samui

Being open in Nana won't help then........555

12 minutes ago, Knocker33 said:

Just in? The pound hit 45 last week .Bit slow with the news on here

Where does it say  this news is just in?

1 minute ago, Moonlover said:

Where does it say  this news is just in?

On the email they sent me a couple of hours ago. And if you look at when it was posted it says 6 hours ago

Been 45 and over for some time. This is not news, this is old.

5 hours ago, Why Me said:

I started transferring from the US as soon as it crossed 32. So I have a nice amount of fun money sitting in my Kbank ac. now with nothing to spend it on. No clubs, no bars, no dining out, no nothing.

 

And, of course, when restrictions lift and everything's open again it'll drop to 28.

And, then again, if the tanks are needed on the streets once more it'll rise to 36.....for a few hours at least !

The baht will go down more. Wait until at least late August, possibly longer.

 

Until these factors are reversed, the baht will keep sliding down: factories closing due to the virus, construction sites being locked down, difficulties for tourist to visit Thailand, lack of good vaccines in Thailand and reduced COVID19 infections and deaths . Bank of Thailand continues to downgrade GDP,

9 hours ago, Tropicalevo said:

Where can one exchange foreign currency?

Banks have refused to accept foreign notes ages ago and the exchange booths are all closed down.

Changed some UK £ in Bangkok Bank Nathon months ago no problem at all

Someone posted this forecast recently, credit is to them