I see the GBP DOWN to 42.89 ! a rapid decline from the 44 of last week.

 

 

 

 

Well, it is time to buy some Thai Bahts.

Simple , Thai bath is tightly locked to the US $ ..so if £ down again the $, as it is significantly, it will also be down against the baht !!

 

 

It came back up a bit. 

16 minutes ago, RmcaIssan said:

Simple , Thai bath is tightly locked to the US $ ..so if £ down again the $, as it is significantly, it will also be down against the baht !!

 

 

Not true at all

23 minutes ago, RmcaIssan said:

Simple , Thai bath is tightly locked to the US $ ..so if £ down again the $, as it is significantly, it will also be down against the baht !!

 

 

Really? 21Feb 32.4, today 34.3. Tightly locked?

Against anything I have done before I reluctantly changed a years plus money at 45.5 in late December early January fully expecting to take a hit for once I got it right what a dog since brexit the sniveling pound has become ????

Sterling is heavily down against the US Dollar on one side of the pairings and is the sole reason our Sterling/Baht rate has diminished

 

(Sterling/Dollar) x (Dollar/Baht) is the number crunch.

 

Movement in either pairing effects the bottom line

 

Baht itself is the weakest its been for around 5 years it should be added at around 34.30 give or take

Edited May 4, 20224 yr by Chivas

1 hour ago, RmcaIssan said:

Simple , Thai bath is tightly locked to the US $ ..so if £ down again the $, as it is significantly, it will also be down against the baht !!

 

 

It floats against the USD and has done since 1997

 

1 hour ago, RmcaIssan said:

Simple , Thai bath is tightly locked to the US $ ..so if £ down again the $, as it is significantly, it will also be down against the baht !!

Tightly locked how....... ??

1 hour ago, RmcaIssan said:

Thai bath is tightly locked to the US $ .

that used to be the case, but if you had listened to Americans a few years ago you would have heard them bemoaning the fact that they had lost 15% of their income due to changes in the exchange rate, at least some of those local to me were.

Jan 22 Gbp to Usd 1.35       Gbp to baht 44.67      Usd to baht 33.39

 

Gbp to Usd now is 1.25

UK has a shed load of problems, GBPeso will no doubt drop further unless the BoE starts ramping up interest rates significantly.

The dollar is strengthening on expectations of a tighter money supply from the US Federal Reserve.

@KannikaP

 

What are you confused about this time ??

Baht in light of the Asean crisis was floated to find its own level in 1997

 

1 minute ago, Chivas said:

@KannikaP

 

What are you confused about this time ??

Baht in light of the Asean crisis was floated to find its own level in 1997

 

Sorry, a misunderstanding of floats and locked. Cheers.

35 minutes ago, keithsimmonds said:

Jan 22 Gbp to Usd 1.35       Gbp to baht 44.67      Usd to baht 33.39

 

Gbp to Usd now is 1.25

In a nutshell re Sterling'Dollar.....in fact it would be even worse if the Baht hadn't weakened out against the USD as well

8 hours ago, scubascuba3 said:

Not true at all

Wrong ..you're not comparing like for like ..the graph axes are misleading ..

Simple .when £ is $1.32 ..thai baht is about 44.60/45.00

Now £ is $1.25 bath is 42.90 (the baht has slipped slightly against the $ otherwise the exchange would be worse)

If £ recover against $, so also will the baht exchange ..

Thai maintain close parity with the $ to reduce the impact of high oil prices ..my guess !!