The 1997 Baht/pound Sterling Exchange Rate

[richardjm65]

Can anybody recall, (preferably with references), what the best/worst pound sterling to thai baht exchange rate was at the high (or low) point of the financial crisis of 1997. Some say they recall 90 baht to the pound. Would appreciate some facts.

[chiang mai]

I can't remember but this man knows. I think it was 88.7 . http://currate.com/charts.php

[wordchild]

The highest for the baht agst pound was on the 23d Jan 1998, at 90.8. that was the recorded price at the end of day but it may have traded higher even than this during the day. In fact between the 11th and the 23d it traded at or close to 90 a number of times.

Edited March 1, 2010 by wordchild

[wordchild]

That was a real spike and it came down pretty quickly after that, by the end of march 1998 it was back to 63.

[MJP]

Spiked at 101 for a very short while, perhaps hours.

No link, just what I'm told by someone who was here then.

The highest for the baht agst pound was on the 23d Jan 1998, at 90.8. that was the recorded price at the end of day but it may have traded higher even than this during the day. In fact between the 11th and the 23d it traded at or close to 90 a number of times.

[jonwilly]

I had B 85 to the pound sterling from an ATM in Early Jan.

I seem to remember in 1982 the pound was in very low 20's, I was paid in DM at the time.

john

[wordchild]

The low level for baht/sterling in the last 30 years was 28. That was in october 1984. Again that is a spot price and for changing sterling at that time you would have got less than that.

[cmsally]

I remember in mid 1985 it was around 33Bt

It must have continued up from there as in 1988 I think it was around 46-48 BT

[gotlost]

January 23, 1998 Bangkok Bank selling rate for GBP 90.83, USD 55.06. Dont we wish.

[poldebol]

See: OANDA Historical Exchange Rates GBP vs THB 1997 365 days

typical cash rate

avg (365 days) 53,20485

high 83.35496 231297

low 39.50960 170697

Edited March 1, 2010 by poldebol

[khundon]

Spiked at 101 for a very short while, perhaps hours.

No link, just what I'm told by someone who was here then.

The highest for the baht agst pound was on the 23d Jan 1998, at 90.8. that was the recorded price at the end of day but it may have traded higher even than this during the day. In fact between the 11th and the 23d it traded at or close to 90 a number of times.

101 to the GBP, Jeeze I thought I did well at 76 in 2002 I think it was. Thank heavens I moved it when I did, 50 or less now. Hold onto your hats.

[MJP]

Spiked at 101 for a very short while, perhaps hours.

No link, just what I'm told by someone who was here then.

The highest for the baht agst pound was on the 23d Jan 1998, at 90.8. that was the recorded price at the end of day but it may have traded higher even than this during the day. In fact between the 11th and the 23d it traded at or close to 90 a number of times.

101 to the GBP, Jeeze I thought I did well at 76 in 2002 I think it was. Thank heavens I moved it when I did, 50 or less now. Hold onto your hats.

I did it at 75.75. Pretty much all the big stuff, usual land/houses etc at that rate. I was stood on a 40,000 tonne stockpile of lead dust in the pouring rain at the time of the call to the broker.

So not too bovvered now, although could do without it.

[Maestro]

Oanda charts for 1997 and 1998:

The low was in June 1997, the high in January 1998. Oanda tables for these two months:

GGP_THB_1997_06.pdf

GGP_THB_1998_01.pdf

--

Maestro

[fredob43]

Was in phuket at the time, when we arrived it was 64bt within 10 day's it had gone to the mid 90's All the exchange's were closing at 5/6 pm as they were running out of money. I sure at one time not for long, but at one of the exchange's we saw it at 98. It was still in the 90's when I came back up north. And has stayed high untill a couple of year's ago.

[01322521959]

I can't remember but this man knows. I think it was 88.7 . http://currate.com/charts.php

My mother was here in October 1997 and I remember that whilst in Hua-Hin she was getting over 90Baht to the pound...