lovethailandlongtime Posted February 19, 2006 Share Posted February 19, 2006 (edited) Sunday:£1= 60.68 thb I have been keeping a close eye on the exchange rate over the last 9 months and it seems the pound is going to continue on a downward course! .. At this rate,by the time i get to come out it will have fallen to 55thb.. I was going to bring over a few thousand pounds and open a thai savings account,this doesn't look like such a good option at present. Is the THB of an abnormally high value or has the pound just run out of steam in the last year?? Do you think we will have a return to the good old days,when £1 bought you 80+THB???? Edited February 19, 2006 by lovethailandlongtime Link to comment Share on other sites More sharing options...
zzap Posted February 19, 2006 Share Posted February 19, 2006 Good question, I keep putting off a transfer as well. Who knows? Link to comment Share on other sites More sharing options...
britmaveric Posted February 19, 2006 Share Posted February 19, 2006 Live mid-market rates as of 2006.02.19 14:56:29 UTC. 1.00 GBP United Kingdom Pounds = 68.3487 THB Thailand Baht Link to comment Share on other sites More sharing options...
Morden Posted February 19, 2006 Share Posted February 19, 2006 BBK is showing a buying rate of close on 67 Baht to the £ (see link from this site). That's about 2 Baht down on the rate that has held for the last few weeks. In autumn 2004, I recall, the rate was between 73 and 75 to the pound. If you're only offered 60.68, I suggest that you look elsewhere. The Euro and $ have been falling against the £ so our friends from elsewhere are getting it harder than the Brits. Link to comment Share on other sites More sharing options...
lovethailandlongtime Posted February 19, 2006 Author Share Posted February 19, 2006 My 60.68THB comes from two seperate sunday newspapers!! They can't both be wrong Link to comment Share on other sites More sharing options...
rishi Posted February 19, 2006 Share Posted February 19, 2006 Don't worry Britains, you're not alone - just ask the Americans, the Euro-landers and your fellow non-euro Europeans. Link to comment Share on other sites More sharing options...
Guest endure Posted February 19, 2006 Share Posted February 19, 2006 (edited) My 60.68THB comes from two seperate sunday newspapers!!They can't both be wrong That's the exchange rate you'd get if you bought baht while in the UK. It's always about 10% worse than if you buy in Thailand. Never buy big bunches of dosh in your home country, wait till you get to where you're going. You always get a better exchange rate that way as there are fewer middlemen looking for a profit. Edited February 19, 2006 by endure Link to comment Share on other sites More sharing options...
feasantplukka Posted February 19, 2006 Share Posted February 19, 2006 My 60.68THB comes from two seperate sunday newspapers!! They can't both be wrong That's the exchange rate you'd get if you bought baht while in the UK. It's always about 10% worse than if you buy in Thailand. Never buy big bunches of dosh in your home country, wait till you get to where you're going. You always get a better exchange rate that way as there are fewer middlemen looking for a profit. good advice I agree bettter rate in thailand everytime Link to comment Share on other sites More sharing options...
zzap Posted February 19, 2006 Share Posted February 19, 2006 Not to mention the 'commission' UK banks will add. Always have your dosh changed in Thailand. Link to comment Share on other sites More sharing options...
britmaveric Posted February 19, 2006 Share Posted February 19, 2006 Check M&S normally give the best rates with no commission. Link to comment Share on other sites More sharing options...
TBWG Posted February 19, 2006 Share Posted February 19, 2006 Sunday:£1= 60.68 thbI have been keeping a close eye on the exchange rate over the last 9 months and it seems the pound is going to continue on a downward course! .. At this rate,by the time i get to come out it will have fallen to 55thb.. I was going to bring over a few thousand pounds and open a thai savings account,this doesn't look like such a good option at present. Is the THB of an abnormally high value or has the pound just run out of steam in the last year?? Do you think we will have a return to the good old days,when £1 bought you 80+THB???? Hi See recent Nationwide flex account thread for fee free withdrawals at Thai ATM's Agree with Brit maveric Current ROE on above withdrawals 67-68baht per £ TBWG Link to comment Share on other sites More sharing options...
Guest endure Posted February 19, 2006 Share Posted February 19, 2006 If you get yourself a Nationwide Flexaccount you can also use it to buy Sterling travellers cheques from Nationwide. The only charge is £3.50 for Special Delivery. No commission charges at all. Link to comment Share on other sites More sharing options...
Rinrada Posted February 19, 2006 Share Posted February 19, 2006 My 60.68THB comes from two seperate sunday newspapers!!They can't both be wrong This is the RIP OFF tourist rates that the BIG Bstds Banks love you to exchange at otherwise they would not be able to declare their profits (UK Banks last week)of give or take a satang or 2 ...of £40 BILLION pounds Get a N/W card and avoid.................. Link to comment Share on other sites More sharing options...
davethailand Posted February 19, 2006 Share Posted February 19, 2006 The rate is around 68 at the moment (coming from someone who lives in thailand, bloody sunday papers ) Link to comment Share on other sites More sharing options...
Rinrada Posted February 19, 2006 Share Posted February 19, 2006 From OANDA...fx....inter bank rates from Feb 1st until today... Time period: 02/01/06 to 02/19/06. Daily averages: 02/01/2006 69.22520 02/02/2006 69.55850 02/03/2006 69.95960 02/04/2006 69.93050 02/05/2006 69.41620 02/06/2006 69.65550 02/07/2006 69.28630 02/08/2006 69.20940 02/09/2006 69.2370 02/10/2006 69.05240 02/11/2006 68.78330 02/12/2006 68.76210 02/13/2006 68.77050 02/14/2006 68.52450 02/15/2006 68.40290 02/16/2006 68.45260 02/17/2006 68.46970 02/18/2006 68.36040 02/19/2006 68.55680 Link to comment Share on other sites More sharing options...
johnnyk Posted February 19, 2006 Share Posted February 19, 2006 60 to the pound is the rate for lazy package-tour rubes cashing their traveler's cheques at the hotel. Link to comment Share on other sites More sharing options...
Prakanong2005 Posted February 19, 2006 Share Posted February 19, 2006 Is that the Thomas Cook rate from the Sunday Times - lol Lowest rates - I can remember buying at 34THB to the GBP from them before buying in LOS at 37THB Look at somewhere like www.oanda.com for historical rates. I get paid in Euro's till June and am hurting a bit now that its down to 46 or so - thats 1200THB a day I will be down next week on holiday Link to comment Share on other sites More sharing options...
Sophon Posted February 19, 2006 Share Posted February 19, 2006 The development in the Baht exchangerates since the start of the euro in 1998: It's amazing how the relative strength of the major currencies has "come together" since then. Sophon Link to comment Share on other sites More sharing options...
Thomas_Merton Posted February 19, 2006 Share Posted February 19, 2006 Since my return to the UK - not from holiday, but from over 30 years as an ex-pat - I am amazed at the use of this ancient piece hieroglyphics my fellow countrymen call a "cheque". What's wrong with a Visa card and on-line banking? You can travel the world with your bit of plastic, getting money from any ATM, in the currency of that land; visit an Internet cafe, drink a cup of coffee and control your bank account. All you need is money in the bank. ...and don't we all? Link to comment Share on other sites More sharing options...
simcity Posted February 20, 2006 Share Posted February 20, 2006 visa card i stop using them , well most of the time ! they charge me 3% for usage fees ( withdraw and purchase ) ! Link to comment Share on other sites More sharing options...
Sing_Sling Posted February 20, 2006 Share Posted February 20, 2006 It would be interesting to know why the TB is so strong. Link to comment Share on other sites More sharing options...
rcalsop Posted February 20, 2006 Share Posted February 20, 2006 It would be interesting to know why the TB is so strong. This is fabulous I get paid in Thai Baht and transfer regularly to my UK bank account ...debts still to pay I have just got a sizable pay increase . When I bought my last house I transfered UK to Bkk at 60.50 to the pound so after waiting a few years it may address the balance keep the Baht strong for another 6 months please !!!!! Link to comment Share on other sites More sharing options...
ThaiPauly Posted February 22, 2006 Share Posted February 22, 2006 www.offshore.hsbc.com. They have a currency calculater that updates every day. today it is showing 68.91 and has been steadily rising for the last 3 days. I desperatley need to transfer over some money , but I am waiting to see if this trend continues. If it DROPS again I will make the transfer. But tomorrow it may still show itself to be still rising. Its lowest point was on the 15th feb at 68.22. Exactly a month a go it was 69.19. Thats a big difference when you are transferring a large sum, plus the bank will take their percentage, normally 1.5 baht off this rate. Wish I had a crystal ball Link to comment Share on other sites More sharing options...
TRIPxCORE Posted February 22, 2006 Share Posted February 22, 2006 You are all looking for some direction of forex rates regarding GBP/THB in the future. IMHO, while others disagree, the Asian region as a whole is going to keep appreciating in regards to forex movement. Japan is really turning things around and since they are the biggest player in the region, all other Asian countries ride their coattails whether they like it or not. China just keeps chugging along at its amazing pace, Vietnam is growing abundantly because its really opening its doors now to foreign investment, Thailand has been and will continue to see some nice growth and Malaysia is going to be the next hotspot economy. All this translates into higher rates in the forex market. Asia, and Thailand for that matter, will continue to see their currencies appreciate for a while so play your financial positions that way. Link to comment Share on other sites More sharing options...
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