tonika Posted October 22, 2011 Share Posted October 22, 2011 The Baht rate in the UK has gone from about 47, to just over 49, against Sterling in about a fortnight. As I'm about to transfer a sum of money to Thailand, in the near future, is this rise likely to continue, in the short term? Link to comment Share on other sites More sharing options...
Doc50 Posted October 22, 2011 Share Posted October 22, 2011 Slightly up and slightly down on a daily basis. Link to comment Share on other sites More sharing options...
PattayaParent Posted October 23, 2011 Share Posted October 23, 2011 I've always found that when I am about to transfer money over it takes a dive so you better send yours soon as I need mine the middle of next month. Link to comment Share on other sites More sharing options...
pomchop Posted October 23, 2011 Share Posted October 23, 2011 My guess is that it might go up...or it might go down..or it might stay the same. And i am 100% certain that i am right. Seriously. Trying to predict currency exchange rates is like trying to predict what disaster requiring immediate money a Soi Cowboy dancer will dream up. Set a date. Cross your fingers and change your money. Sometimes you might get lucky and it goes in your favor...or not. Even the vast majority of the smartest of the smart currency traders who do nothing all day every day don't really know which way it may go. If they did they would all be retired already. Good luck. Link to comment Share on other sites More sharing options...
Naam Posted October 23, 2011 Share Posted October 23, 2011 and when in doubt consult your resident Voodoo practitioner for a detailed currency forecast: Link to comment Share on other sites More sharing options...
impulse Posted October 23, 2011 Share Posted October 23, 2011 The baht will move in a direction that guarantees "certain people" will make a killing. You and I aren't on that list. The best we can hope for is to win some, lose some and give most of our "winnings" to the middlemen. Just think Las Vegas and you get the idea. Link to comment Share on other sites More sharing options...
el jefe Posted October 23, 2011 Share Posted October 23, 2011 "is this rise likely to continue, in the short term?" Definitely maybe. Link to comment Share on other sites More sharing options...
FritsSikkink Posted October 23, 2011 Share Posted October 23, 2011 and when in doubt consult your resident Voodoo practitioner for a detailed currency forecast: Link to comment Share on other sites More sharing options...
smiling mantis Posted October 24, 2011 Share Posted October 24, 2011 I flipped a coin and it landed heads so that's what I'm going to do. Link to comment Share on other sites More sharing options...
aussiebebe Posted October 25, 2011 Share Posted October 25, 2011 Thailand's GDP forecast has dropped so you're seeing 49 to Sterling, but don't forget the Bank Of England has just started another round of QE so the this may balance out the flood's impact. Who knows Link to comment Share on other sites More sharing options...
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