And The Pound Keep Falling Against Thb!

[shumi330]

First thing this morning i have done, it was to check tHe exchange rate as i was hoping that the Thai crisis would have some effect on the THB ,as i need to transfert money from Uk to extend my retirement visa, what a shock when i saw the opposite happenning , instead of going up the Sterling has lost a another THB , we are heading for 45THB to £1 , what a dissaster , am i the only one suffering ??

[mtkman]

This is happening to the Euro as well. I think it is because of all the financial worries in Europe. So money flows to Asia and keeps currencies here strong.

[soundman]

Moved to Banking/Finance forum.

[NBD]

Not that amazing. Having anarchy/civil war/no government at all is better than having the British government.

[My Friend Same]

It's awesome. I'm lovin' it ( to quote mcd). for the Euro it's about time, for the pound...well that's a junk currency anyway.... Drunken thugs come to mind. also never forget the high demand for baht that Thaksin needs to pay his upcountrymen in bkk.

Edited May 17, 2010 by My Friend Same

[Benjie]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

[richardathuahin]

Shumi

Me too

I am in the wilds of north east Thailand and need the money to get back to Hua Hin. How I get back is another matter.

Why is the pound suffering so much?

[sangfroid]

Shumi

Me too

I am in the wilds of north east Thailand and need the money to get back to Hua Hin. How I get back is another matter.

Why is the pound suffering so much?

I have read that the outgoing government has left Britain a financial wasteland, the extent of which has shocked many financial analysts. Face it, Britain is BROKE!!

Edited May 17, 2010 by sangfroid

[bottleymike]

When the good times were here, the UK government spent more than they had, and saved nothing for a rainy day.Now the economic thunderstorm has arrived, the UK government cant even afford a bucket to bail with.The labour government in general, and Gordon Brown in particular have left the country with debts that will blight a generation for 10 years.

International institutions know this, and thus have put the UK pound at a level with the Zimbabwe shilling, which is lower than a snakes belly.

So get used to a lower exchange rate, because it will be here for some considerable time.

The labour party achieved this state in 13 years of mismanagement, so it will take the new lot a long time to sort it out if they can.

[rfukata]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

if this prediction is correct, then the exports of Thailand will fall, tourists will dwindle and Thailand will be considered unfavorable.

maybe this will be a good strategy for Thailand to rid us foreigners.

[rgs2001uk]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

if this prediction is correct, then the exports of Thailand will fall, tourists will dwindle and Thailand will be considered unfavorable.

maybe this will be a good strategy for Thailand to rid us foreigners.

Strange, the same scenario existed only 13 years ago.

Thai exports didnt fall, tourists didnt dwindle and Thailand wasnt considered unfavourable.

On more than one occassion I have seen the £ sub 40, the Thai gov't doesnt need to do anything to rid Thailand of foreigners, the UK gov't is doing it for them.

[Benjie]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

if this prediction is correct, then the exports of Thailand will fall, tourists will dwindle and Thailand will be considered unfavorable.

maybe this will be a good strategy for Thailand to rid us foreigners.

The baht was pegged at 25 to the dollar for 13 years , until 13 years ago. I'd suggest that is perhaps where it will head again.

Edited May 17, 2010 by Benjie

[kuffki]

This is happening to the Euro as well. I think it is because of all the financial worries in Europe. So money flows to Asia and keeps currencies here strong.

and AU$ while $US went up by like 20 satang if that. good read would be this posting which explains why THB is so strong, which proves that BOT controls THB 100%

http://www.thaivisa.com/forum/Bloomberg-Ne...ng-t366074.html

[ESB7]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

[alant]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

you think? i am not so sure. it isn't the baht it is the £. we are feeling the squeeze over here before the residents of the uk get hammered in the emergency budget. yet the bbc only refers to the problems of the euro political bias?

[sokal]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

Evidently you do not know how to read a simple balance sheet.

[sokal]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

Yeah right. The pound is one of the most flawed currencies in the world. Britain is broke. Its grade 8 math that people like you cant seem to figure out.

[FarangBuddha]

I read that the new Cameron government, in one of its first official acts, has officially changed the name of the UK's currency to the "ounce."

[dsfbrit]

I feel your pain - I have to transfer 400K Baht to renew my Visa (marriage) before the 28th May. I thought I would be 'clever' and wait a few weeks as it would almost certainly rise after the UK election as long as there was not a hung parliament - wrong about the outcome of the election, wrong about the rate rising wrong etc... oh well never mind

I have a spreadsheet which I run now and then for budgetary purposes - to make sure I have enough money for future years and have now 'plugged in' a new rate of 40 baht to the pound. I dont really expect it to reach that (do I???) - however better safe than sorry!

edit: 45.92 at the moment on Bangkok Bank website!!! TT is 46.2. Mind you the Euro is 39.3 !!

Edited May 17, 2010 by dsfbrit

[ESB7]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

Yeah right. The pound is one of the most flawed currencies in the world. Britain is broke. Its grade 8 math that people like you cant seem to figure out.

The £ was around long befor the $ was introduced in the colonies and also long befor the Euro. Its Grade 8 History that people like you cant seem to figure out

[wileycoyote]

I agree with ESB7,it is difficult to predict ,what will happen in 4 weeks !

[Benjie]

I think it will eventually level out at around 40 Baht to the pound and 25 Baht to the dollar.

Evidently you do not know how to read a simple balance sheet.

Evidently you do not know how supply and demand works.

[sangfroid]

http://www.dailytelegraph.com.au/news/brea...i-1225867941478

Many a true word was spoken in jest.

[sokal]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

Yeah right. The pound is one of the most flawed currencies in the world. Britain is broke. Its grade 8 math that people like you cant seem to figure out.

The £ was around long befor the $ was introduced in the colonies and also long befor the Euro. Its Grade 8 History that people like you cant seem to figure out

It also lost reserve currency status to the US. Is that what you call progress ?

[aussiebebe]

http://www.dailytelegraph.com.au/news/brea...i-1225867941478

Many a true word was spoken in jest.

It was a joke, I think the new minister's sense of humor was lost during the daft Lib-Con pact. They are so dishonest they can't remember enough; was the new minister really expecting a helpful letter from a man who's policies he had discredited?

Can't find the source but my favourite financial-political quote is from Lady Thatcher who once said, “The trouble with socialism is that eventually you run out of other peoples’ money.” She also, later, said the now-ousted government, New Labour, was her biggest achievment; they were so far to the right in some ways. They bet the house on financial services and it paid off for a long, long time.

Britain isn't and will never go broke; they have their own bank, can set their own interest rates and even if they suffer a credit down-grade sterling will strengthen after they cut spending and the bail-out money is re-paid in due course.

The pound-baht exchange rate is less to do with the falling pound, but actually how strongly the Thai economy is performing. Official government figures still show strong growth on the back of manufacturing and exports.

[neil324]

So many threads on exchange rates and all are knocking Sterling. 4 weeks from now look at the nonsense that was posted

Yeah right. The pound is one of the most flawed currencies in the world. Britain is broke. Its grade 8 math that people like you cant seem to figure out.

The £ was around long befor the $ was introduced in the colonies and also long befor the Euro. Its Grade 8 History that people like you cant seem to figure out

It also lost reserve currency status to the US. Is that what you call progress ?

Well things change, you think the Dollar will be the reserve currency forever? Muppets would i suppose.

[Foxman888]

It's awesome. I'm lovin' it ( to quote mcd). for the Euro it's about time, for the pound...well that's a junk currency anyway.... Drunken thugs come to mind. also never forget the high demand for baht that Thaksin needs to pay his upcountrymen in bkk.

Oh you can't beat a good generalisation!! Yes 60 million drunken thugs

The labour government, as always, has left the UK in a terrible state, Thatcher was no angel, but she managed to get the economy going after a while, i know she privatised a lot of stuff, but she had to do something after the state the country was in, how anyone voted labour this time i have no idea, as always they spend, spend, spend never thinking of the hard times that inevitably come.

It will take a long time for the UK to recover this time, but i would trust the conservatives on the economy every time against labour