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Posted

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 !!

 

 

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Posted
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

Screenshot_2022-05-04-10-34-49-908_com.fusionmedia.investing.jpg

Screenshot_2022-05-04-10-34-31-906_com.fusionmedia.investing.jpg

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Posted
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?

Posted

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 ????

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Posted

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

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Posted
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

 

Posted
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....... ??

  • Like 1
Posted
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.

Posted

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

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Posted

@KannikaP

 

What are you confused about this time ??

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

 

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Posted
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.

Posted
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

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Posted
8 hours ago, scubascuba3 said:

Not true at all

Screenshot_2022-05-04-10-34-49-908_com.fusionmedia.investing.jpg

Screenshot_2022-05-04-10-34-31-906_com.fusionmedia.investing.jpg

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 !!

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