CharlieH Posted May 4, 2022 Share Posted May 4, 2022 I see the GBP DOWN to 42.89 ! a rapid decline from the 44 of last week. Link to comment Share on other sites More sharing options...
Boomer6969 Posted May 4, 2022 Share Posted May 4, 2022 Well, it is time to buy some Thai Bahts. Link to comment Share on other sites More sharing options...
RmcaIssan Posted May 4, 2022 Share Posted May 4, 2022 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 !! 3 Link to comment Share on other sites More sharing options...
Kwasaki Posted May 4, 2022 Share Posted May 4, 2022 It came back up a bit. Link to comment Share on other sites More sharing options...
scubascuba3 Posted May 4, 2022 Share Posted May 4, 2022 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 1 Link to comment Share on other sites More sharing options...
KannikaP Posted May 4, 2022 Share Posted May 4, 2022 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? Link to comment Share on other sites More sharing options...
sammieuk1 Posted May 4, 2022 Share Posted May 4, 2022 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 ???? 1 1 Link to comment Share on other sites More sharing options...
Chivas Posted May 4, 2022 Share Posted May 4, 2022 (edited) 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, 2022 by Chivas 1 Link to comment Share on other sites More sharing options...
Chivas Posted May 4, 2022 Share Posted May 4, 2022 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 Link to comment Share on other sites More sharing options...
sanuk711 Posted May 4, 2022 Share Posted May 4, 2022 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 Link to comment Share on other sites More sharing options...
foreverlomsak Posted May 4, 2022 Share Posted May 4, 2022 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. Link to comment Share on other sites More sharing options...
keithsimmonds Posted May 4, 2022 Share Posted May 4, 2022 Jan 22 Gbp to Usd 1.35 Gbp to baht 44.67 Usd to baht 33.39 Gbp to Usd now is 1.25 1 Link to comment Share on other sites More sharing options...
Stocky Posted May 4, 2022 Share Posted May 4, 2022 UK has a shed load of problems, GBPeso will no doubt drop further unless the BoE starts ramping up interest rates significantly. 2 Link to comment Share on other sites More sharing options...
BudRight Posted May 4, 2022 Share Posted May 4, 2022 The dollar is strengthening on expectations of a tighter money supply from the US Federal Reserve. Link to comment Share on other sites More sharing options...
Chivas Posted May 4, 2022 Share Posted May 4, 2022 @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 Link to comment Share on other sites More sharing options...
KannikaP Posted May 4, 2022 Share Posted May 4, 2022 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. Link to comment Share on other sites More sharing options...
Chivas Posted May 4, 2022 Share Posted May 4, 2022 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 1 Link to comment Share on other sites More sharing options...
RmcaIssan Posted May 4, 2022 Share Posted May 4, 2022 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 !! Link to comment Share on other sites More sharing options...
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