Thai baht: British pound hits highest rate for 4 months - pensioners can breathe a little easier

[webfact]

File photo

 

The British pound sterling hit its highest rate for four months against the Thai baht.

 

The currency has been poor against the Thai baht in recent months though the Thai currency has broken records against the US dollar in 2022 trading.  

 

Now following a long period of political instability in Westminster it appears that sterling is bouncing back. 

 

Latest rates on Super Rich today:

 

US Dollar - 36.3 - 36.6 baht

Sterling      44.15 baht

Euro           37.4 baht

AUS $        25.4 baht

Can $        28.45 baht

NZ $          22.9 baht

 

ASEAN NOW notes that many thousands of British pensioners live in Thailand but many are at the whim of exchange rates. 

 

The recent rise in the pound will be comforting even though a high of 46.4 baht - achieved last August - is still some way off. 

 

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[Excel]

Yes good news as I got 44.25 early this morning

[RafPinto]

I just exchanged at 44,2835 through WISE

[Pouatchee]

Funny, the only rate from a bank or exchange business that has any quotes that realistically resemble the exchange rate I have ever gotten is the Krungsri Bank and right now their rates are at least 1 bht below this advertised rate. For me, this means that I lose at least 10 000bht every time I make a transfer.

[PFMills]

4 hours ago, Excel said:

Yes good news as I got 44.25 early this morning

Wise rate was even better just before 10am. Let’s hope it’s still around there next week when I bring my 65,100 over to keep IMM happy.

Edited July 26, 2022 by PFMills

[Laughing Gravy]

Let me know when it gets to 55 or even 60 to the pound. Otherwise it is hardly worth doing cartwheels for.

[KannikaP]

6 hours ago, RafPinto said:

I just exchanged at 44,2835 through WISE

65k Bht @ 44 = £1477, @ 45 = £1444. Is it really worth worrying about...33 quid?

[KannikaP]

2 hours ago, PFMills said:

Wise rate was even better just before 10am. Let’s hope it’s still around there next week when I bring my 65,100 over to keep IMM happy.

See my post recently. You are only saving a few quid. 

[BusyB]

2 hours ago, KannikaP said:

See my post recently. You are only saving a few quid. 

I'm not a cheap charly or penny pincher, but 33 quid is over 1400 baht and is a slap up feed in Fuji with some left over for a massage ;D

 

[PFMills]

4 hours ago, KannikaP said:

See my post recently. You are only saving a few quid. 

You are of course correct. But when you run a Merc every Baht counts lol. In the last twelve months or so that 65100 has cost me between £1427 and £1752. Hang on a minute, that few quid would pay for our lunch.

 

It seems that I completely misunderstand where we are on the Ex Pat Financial ladder. We have quite a nice house, run two cars, holiday whenever we want and same with golf. Yet I value £33 and it appears many don't on this forum, it just goes to show how wrong one can be.,  

 

£33 would go a fair way towards some new 'kit' for the Mrs ????

Edited July 26, 2022 by PFMills

[peterfranks]

9 hours ago, Pouatchee said:

Funny, the only rate from a bank or exchange business that has any quotes that realistically resemble the exchange rate I have ever gotten is the Krungsri Bank and right now their rates are at least 1 bht below this advertised rate. For me, this means that I lose at least 10 000bht every time I make a transfer.

Krungsri has one of the worst exchange rates of all Thai banks.

 

You can compare with this one from Kasikorn, but better would be to download the Super Rich app to your phone.

 

You will get the exact rate posted in those, but I'm sure you know that notes will pay a different rate than telex transfers

 

https://www.kasikornbank.com/en/Rate/Pages/Foreign-Exchange.aspx

 

[hotchilli]

18 hours ago, webfact said:

ASEAN NOW notes that many thousands of British pensioners live in Thailand but many are at the whim of exchange rates. 

And a fixed pension.

[hotchilli]

12 hours ago, Laughing Gravy said:

Let me know when it gets to 55 or even 60 to the pound. Otherwise it is hardly worth doing cartwheels for.

Ahhhh those ere the days, 65 baht when I first came

[Pouatchee]

7 hours ago, peterfranks said:

Krungsri has one of the worst exchange rates of all Thai banks.

 

You can compare with this one from Kasikorn, but better would be to download the Super Rich app to your phone.

 

You will get the exact rate posted in those, but I'm sure you know that notes will pay a different rate than telex transfers

 

https://www.kasikornbank.com/en/Rate/Pages/Foreign-Exchange.aspx

 

The rate I get from my home country bank to a Bangkok bank here is what Krungsri advertises. 

[Laughing Gravy]

1 hour ago, hotchilli said:

Ahhhh those ere the days, 65 baht when I first came

74 for me.the glory days indeed.

[brewsterbudgen]

18 hours ago, Laughing Gravy said:

Let me know when it gets to 55 or even 60 to the pound. Otherwise it is hardly worth doing cartwheels for.

When do you think that will be?  Next month?

[Laughing Gravy]

15 minutes ago, brewsterbudgen said:

When do you think that will be?  Next month?

Next decade. Maybe!

[khwaibah]

On 7/26/2022 at 11:26 AM, webfact said:

Latest rates on Super Rich today:

 

US Dollar - 36.3 - 36.6 baht

Sterling      44.15 baht

Euro           37.4 baht

AUS $        25.4 baht

Can $        28.45 baht

NZ $          22.9 baht

This only for Tourist. TT at BB is 36.71

 

Mean while in AMERICA MEG Millions is 1.025 BILLION USD

Edited July 27, 2022 by khwaibah

[Nong Khai Man]

On 7/26/2022 at 11:45 AM, RafPinto said:

I just exchanged at 44,2835 through WISE

I Beat Yer This Morning got 44.43 through Wise......Yayyyy !!

[Nong Khai Man]

21 hours ago, KannikaP said:

65k Bht @ 44 = £1477, @ 45 = £1444. Is it really worth worrying about...33 quid?

To SOME Of Us 33 Quid is a Lot Better than a Kick in The Gonads !!

[Nong Khai Man]

2 hours ago, khwaibah said:

This only for Tourist. TT at BB is 36.71

 

Mean while in AMERICA MEG Millions is 1.025 BILLION USD

So Super Rich was EXACTLY the Same Rate as Wise @ 44.15 Baht to The Pound !!

[Neeranam]

4 months, Holly moly! 

 

When it's 4 years I'll think something. 

 

Anything over 37 is good, the rate when I came here. 

 

Hope it goes down, I'm going there soon. 

 

[jacko45k]

19 hours ago, brewsterbudgen said:

When do you think that will be?  Next month?

In reality if Sterling could perk up and not be in the doldrums of 1.20 and below (yes recently it has), and be closer to 1.50/USD we would be there. 

[Gknrd]

I am not from England but looks like a wise move to move from the Euro now. Euro is down to almost US levels.

Edited July 28, 2022 by Gknrd

[jacko45k]

3 minutes ago, Gknrd said:

I am not from England but looks like a wise move to move from the Euro now. Euro is down to almost US levels.

The only good thing Gordon Brown did was to keep the UK out of the Euro. 

[BritManToo]

5 minutes ago, jacko45k said:

The only good thing Gordon Brown did was to keep the UK out of the Euro. 

Yes, he refused to change our currency at E1.6 to the GBP.

So we all effectively lost 25% of our assets now it's only E1.2 to the GBP.

[jacko45k]

2 hours ago, BritManToo said:

Yes, he refused to change our currency at E1.6 to the GBP.

So we all effectively lost 25% of our assets now it's only E1.2 to the GBP.

Instead of losing 100% of our assets!

[transam]

On 7/26/2022 at 6:12 PM, Laughing Gravy said:

Let me know when it gets to 55 or even 60 to the pound. Otherwise it is hardly worth doing cartwheels for.

It was near 70 for me ............????

[khwaibah]

I remember 92 GBP to 1 Baht.