I am not sure which forum to post this in. Mods may move to a more appropriate venue.

Today all the major currencies I looked at have dropped precipitously against the Thai Baht.

What happened?

MOVED TO BANKING

It might have something to do with the announced opening of the country

The Stock Market rose, not by much, mind you. Still uncertain times with a Government inclined to flip-flop out of the blue.

The baht rose, got stronger. But its not changed against the pound

Earlier this year i get at at 2,79 bath for a NOK...now soon 4 bath

BOE Interest rates are forecasted to be going higher soon to counter inflation and wage rises I guess, so £ should be rising soon against the baht before x-mas. Fingers crossed.

 

Mind you , the pound baht long range forecast I'm looking at seems to put the pound at 47 by end of the year and 50 baht middle next year and staying at 50-52 until 2023 end. Then dropping 2024.

Should be interesting Thailand has escape the big inflation numbers that are hitting places like the U.S.  Fuel prices are rising in Thailand like every place products and services could increase substantially when things start to open.

On this, wait and see how many people come back to work when things open.  Seems some Thais I know have settled in with their families and have no plan to come back to the tourist areas.  Americans are quitting their jobs like never before over 4 million quit in August seems no one wants to work anymore even with record wages and incentives.  

Exchange rate are exchange rates with financial market traders taking profits for example the UK £ will always go up and down because of trading. 

11 hours ago, CharlieH said:

MOVED TO BANKING

Sorry, I could not find that, in fact I was unaware it existed. I have been educated now.

9 hours ago, RichardColeman said:

BOE Interest rates are forecasted to be going higher soon to counter inflation and wage rises I guess, so £ should be rising soon against the baht before x-mas. Fingers crossed.

 

Mind you , the pound baht long range forecast I'm looking at seems to put the pound at 47 by end of the year and 50 baht middle next year and staying at 50-52 until 2023 end. Then dropping 2024.

Inshallah, the boss will get her new cooker!