SCOTT FITZGERSLD Posted June 27, 2022 Share Posted June 27, 2022 16 hours ago, ThailandRyan said: That's a reason to play the FX game and transfer as it rises and then transfer back as it descends. you can open a foreign currency account in thailand 1 Link to comment Share on other sites More sharing options...
SCOTT FITZGERSLD Posted June 27, 2022 Share Posted June 27, 2022 13 hours ago, Eric Loh said: I am curious to learn from a better mind as to why the powers that falsely inflated the Baht don't do the same now. well, because they have different calculations now, like for example attract more tourists. Link to comment Share on other sites More sharing options...
NobbyClarke Posted June 27, 2022 Share Posted June 27, 2022 Anyone else remember the pound at around 70 baht to the pound? The Kingdom was heaving with tourists, very little crime, Thailand people pleased to welcome tourists, clean beaches and a safe and secure LOS? People came to the Kingdom knowing what to expect I doubt if many of these things will ever return but wouldn't it be nice? Any thoughts? 2 Link to comment Share on other sites More sharing options...
topcat333 Posted June 27, 2022 Share Posted June 27, 2022 I follow this chart regularly. https://longforecast.com/usd-to-bht-today-forecast Dollar To Baht Forecast For 2022, 2023, 2024, 2025 And 2026 Month Open Low-High Close Mo,% Total,% 2022 Jun 34.14 34.14-36.27 35.73 4.7% 4.7% Jul 35.73 35.47-36.55 36.01 0.8% 5.5% Aug 36.01 35.23-36.31 35.77 -0.7% 4.8% Sep 35.77 35.77-37.39 36.84 3.0% 7.9% Oct 36.84 36.84-38.09 37.53 1.9% 9.9% Nov 37.53 36.31-37.53 36.86 -1.8% 8.0% Dec 36.86 36.34-37.44 36.89 0.1% 8.1% 2023 Jan 36.89 36.02-37.12 36.57 -0.9% 7.1% Feb 36.57 36.22-37.32 36.77 0.5% 7.7% Mar 36.77 35.94-37.04 36.49 -0.8% 6.9% Apr 36.49 36.49-38.14 37.58 3.0% 10.1% May 37.58 36.21-37.58 36.76 -2.2% 7.7% Jun 36.76 36.76-38.34 37.77 2.7% 10.6% Jul 37.77 37.77-39.38 38.80 2.7% 13.6% Aug 38.80 38.25-39.41 38.83 0.1% 13.7% Sep 38.83 38.19-39.35 38.77 -0.2% 13.6% Oct 38.77 38.77-40.43 39.83 2.7% 16.7% Nov 39.83 39.83-41.11 40.50 1.7% 18.6% Dec 40.50 39.74-40.96 40.35 -0.4% 18.2% 1 1 Link to comment Share on other sites More sharing options...
KhunLA Posted June 27, 2022 Share Posted June 27, 2022 7 minutes ago, topcat333 said: I follow this chart regularly. https://longforecast.com/usd-to-bht-today-forecast Dollar To Baht Forecast For 2022, 2023, 2024, 2025 And 2026 Month Open Low-High Close Mo,% Total,% 2022 Jun 34.14 34.14-36.27 35.73 4.7% 4.7% Jul 35.73 35.47-36.55 36.01 0.8% 5.5% Aug 36.01 35.23-36.31 35.77 -0.7% 4.8% Sep 35.77 35.77-37.39 36.84 3.0% 7.9% Oct 36.84 36.84-38.09 37.53 1.9% 9.9% Nov 37.53 36.31-37.53 36.86 -1.8% 8.0% Dec 36.86 36.34-37.44 36.89 0.1% 8.1% 2023 Jan 36.89 36.02-37.12 36.57 -0.9% 7.1% Feb 36.57 36.22-37.32 36.77 0.5% 7.7% Mar 36.77 35.94-37.04 36.49 -0.8% 6.9% Apr 36.49 36.49-38.14 37.58 3.0% 10.1% May 37.58 36.21-37.58 36.76 -2.2% 7.7% Jun 36.76 36.76-38.34 37.77 2.7% 10.6% Jul 37.77 37.77-39.38 38.80 2.7% 13.6% Aug 38.80 38.25-39.41 38.83 0.1% 13.7% Sep 38.83 38.19-39.35 38.77 -0.2% 13.6% Oct 38.77 38.77-40.43 39.83 2.7% 16.7% Nov 39.83 39.83-41.11 40.50 1.7% 18.6% Dec 40.50 39.74-40.96 40.35 -0.4% 18.2% Has it been accurate in the past ? I personally wouldn't take much stock in rate forecasting, much further than 1 week. Though I certainly do like their forecast. Getting back to 40 would be great ... for me anyway. Link to comment Share on other sites More sharing options...
arithai12 Posted June 27, 2022 Share Posted June 27, 2022 1 hour ago, NobbyClarke said: Anyone else remember the pound at around 70 baht to the pound? The Kingdom was heaving with tourists, very little crime, Thailand people pleased to welcome tourists, clean beaches and a safe and secure LOS? People came to the Kingdom knowing what to expect I doubt if many of these things will ever return but wouldn't it be nice? Any thoughts? The last time the rate was 70 was around 2006, that's 16 years ago. There's no way that the number of tourists was comparable with those of 2-3 years ago. As for safer, I have my doubts. We were all younger, we didn't spend hours reading things off the internet, we probably didn't know so much about crimes. Cleaner beaches 20y ago: that goes without saying, it's true for the whole planet. There's always two sides to a "favorable" exchange rate. You love it as a tourist or as a pensioner paid in a foreign currency, you hate it if you are a resident and earn a salary in Baht, or if you like to buy imported things. Thailand exports/imports a lot, so extreme low or high rates are bad for some sectors of the economy as a whole and that in the end trickles down to the average person. 2 Link to comment Share on other sites More sharing options...
daejung Posted June 27, 2022 Share Posted June 27, 2022 22 hours ago, RichardColeman said: Fears for the baht as it hits a 15-year low Really ? The £/baht was higher than currently last week ! Talk about a nonsense headline They speak about USD/baht. No gain for europeans Link to comment Share on other sites More sharing options...
starky Posted June 27, 2022 Share Posted June 27, 2022 (edited) 22 hours ago, sandrew33 said: Extremely narrow focus of Baht v USD. AUD was almost 33 Baht a decade ago it’s now 25 baht. Perhaps remove the focus on USD and take a bigger picture view? What that same decade ago when Australia was in the midst of the largest resources boom its ever seen and had parity, and better, with the US dollar? That decade ago? Do you understand how forex works? Especially when dealing with a currwncy tied to the USD. What do you think fair value is for the AUD vs the baht? Ill give you a hint its waaaay below 30. Edited June 27, 2022 by starky Link to comment Share on other sites More sharing options...
jacko45k Posted June 27, 2022 Share Posted June 27, 2022 13 hours ago, Jimjim1 said: When did he say that! I understood him to be generalising. In January.... Link to comment Share on other sites More sharing options...
Old Croc Posted June 28, 2022 Share Posted June 28, 2022 13 hours ago, Dumbfounded said: AUD to THB was above 33 back in 2012 as the GFC took it's toll on the USD. Howard had Aust in surplus and so we leapfrogged the USD for a while, shame it didn't last longer. I moved from Oz in 2013 and was only getting around 28 by then, now just over 24 I lucked out in 2012, I moved a very large sum to cover a house purchase and the 800k in the bank. The exchange rate was 32.34. Link to comment Share on other sites More sharing options...
Lacrimas Posted June 28, 2022 Share Posted June 28, 2022 21 hours ago, Harveyboy said: still terrible against the euro...where is the weak Baht ..please There's war in Europe Link to comment Share on other sites More sharing options...
leeroy221 Posted June 28, 2022 Share Posted June 28, 2022 Someone here might be able to answer this, as I am visiting soon I am wondering whether to bring GBP and change to THB when there or, should I change to USD and then THB when I arrive? Link to comment Share on other sites More sharing options...
KhunLA Posted June 28, 2022 Share Posted June 28, 2022 46 minutes ago, leeroy221 said: Someone here might be able to answer this, as I am visiting soon I am wondering whether to bring GBP and change to THB when there or, should I change to USD and then THB when I arrive? I would think you lose every time you exchange any currency, so just once, and if UK like USA, the better rate is to be had in TH. Link to comment Share on other sites More sharing options...
topcat333 Posted June 28, 2022 Share Posted June 28, 2022 15 hours ago, KhunLA said: Has it been accurate in the past ? I personally wouldn't take much stock in rate forecasting, much further than 1 week. Though I certainly do like their forecast. Getting back to 40 would be great ... for me anyway. Quote To answer your question, the charts change regularly, but just following the trends the Baht continues to weaken. I've been building and holding USD based on these trends and will continue to do so for the foreseeable future. Less than a year ago there were many who said the Baht would not likely ever see 35 ever again. I can't predict whether 40 will be reached but I'm not going to rule it out either. 1 Link to comment Share on other sites More sharing options...
KhunLA Posted June 28, 2022 Share Posted June 28, 2022 2 minutes ago, topcat333 said: My brother trades currencies also. Link to comment Share on other sites More sharing options...
topcat333 Posted June 28, 2022 Share Posted June 28, 2022 (edited) 2 hours ago, leeroy221 said: Someone here might be able to answer this, as I am visiting soon I am wondering whether to bring GBP and change to THB when there or, should I change to USD and then THB when I arrive? It's off topic so won't answer here but if you want to write me at <Email address removed> I'll be happy to share some tips as I've been going in and out of country for years and there definatly is a more correct way to exchange to get your best rate. Edited June 28, 2022 by metisdead 19. You will not post phone numbers, email addresses, business names or social media addresses in posts or signatures. Link to comment Share on other sites More sharing options...
KIngsofisaan Posted June 28, 2022 Share Posted June 28, 2022 On 6/27/2022 at 12:40 AM, ThailandRyan said: They are praying that the FED does not uncork another .5 to .75 basis hike coming up after the G7 summit. Prices are rising globally and that goes for everything imports and exports. Guaranteed the FED will increase the rates again in August 2022 Link to comment Share on other sites More sharing options...
Thunglom Posted June 28, 2022 Share Posted June 28, 2022 (edited) low baht is perfect for tourism.....it used to be around 75 to the pound about 20 years ago. A lot of OAPs will be happy. Edited June 28, 2022 by Thunglom Link to comment Share on other sites More sharing options...
jacko45k Posted June 29, 2022 Share Posted June 29, 2022 14 hours ago, leeroy221 said: Someone here might be able to answer this, as I am visiting soon I am wondering whether to bring GBP and change to THB when there or, should I change to USD and then THB when I arrive? There is inherent losses in changing.... where do you plan to buy the USD? Not very good rates in the UK. If we knew where currencies were going we could make a lot of money. Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 29, 2022 Share Posted June 29, 2022 34.95 Thb to $1 this morning. Looks like the buying of the Baht by the BOT and some speculators have had an effect so far on the exchange rates, but then they will reap the rewards when the price rises and they sell it back into USD, think millions, not miniscule amounts. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted July 1, 2022 Share Posted July 1, 2022 On 6/29/2022 at 9:17 AM, ThailandRyan said: 34.95 Thb to $1 this morning. Looks like the buying of the Baht by the BOT and some speculators have had an effect so far on the exchange rates, but then they will reap the rewards when the price rises and they sell it back into USD, think millions, not miniscule amounts. I see 35.4 on my Yahoo page, which usually matches Wise transfer rates..... We are expecting Sterling to not do so well due to poor balance of trade numbers. 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted July 1, 2022 Share Posted July 1, 2022 31 minutes ago, jacko45k said: I see 35.4 on my Yahoo page, which usually matches Wise transfer rates..... We are expecting Sterling to not do so well due to poor balance of trade numbers. Yes it bumped back up to over 35.4 this morning to 35.44 upon the banks opening Link to comment Share on other sites More sharing options...
metisdead Posted July 1, 2022 Share Posted July 1, 2022 A post with an unattributed chart has been removed. Please provide a valid link to the source of information when posting. Link to comment Share on other sites More sharing options...
jerrymahoney Posted July 2, 2022 Share Posted July 2, 2022 I transfer to a Thai bank a minimum 65,000 baht every first of the month (or next bank non-holiday) for extension via retirement purposes. Unlike some of you I cannot time the transfer to the microsecond swings of the baht to USD rate. Link to comment Share on other sites More sharing options...
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