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Thai Baht continues to weaken below 37.60 Baht/US$ as market awaits outcome of MPC to raise rates


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Posted (edited)
29 minutes ago, Harveyboy said:

just seen 39.60

For reference purposes I always use current market rates (xe.com).

Of course Thai Bank TT rates or even cash rates worse and lagging behind.

 

Edited by KhunBENQ
Posted
51 minutes ago, KhunBENQ said:

For reference purposes I always use current market rates (xe.com).

Which at 4.23 today is showing 40.69. If I transferred my usual 600 sterling at the end of the month then I'd get 900 baht less than a month ago. But I'm set to earn a very decent amount in US$ so I won't.

Posted
21 hours ago, webfact said:

The Thai Baht continued its dip as the new week starts and Kasikorn Research Center has come out to say that it expects the Thai currency to slide to as low as 37.80 Baht to the US$ during the course of this week.

Prawit will be prowling the corridors.. 

  • Haha 2
Posted
20 hours ago, Dmaxdan said:

I wish it would weaken against the British pound....????

For that to happen, in reality, The Pound would need to strengthen. Imagine where we would be if the baht had not also weakened relative to dollar......

My UK pension has lost about 7% value here in the last 2 months. This surely will impact many...Cheap Charlie's may not be cheap enough!

Posted
13 hours ago, talahtnut said:

The Pound is circling round the plughole, remove your cash

from the bank now, before we get a Greek style account snatch.

Uk banks are tightening up on cash withdrawals, time to invest

in hard assets.

The heavily manipulated Dollar and Euro going the same way.

 

Where did you see "Uk banks are tightening up on cash withdrawals" ???? False news on your part 

  • Like 2

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