GBP to THB Exchange Rate

[Naam]

I noticed the move yesterday, a little bit of good news for us, how far will it go is crystal ball time, no guesses just hope it keeps moving in the same direction, so at what figure do you think this worth a transfer and not worry about the rate variation for the year? I saw 46/47 mm would like a bit better than that 48 and definetly anything over 49 would bring a years living expenses out, that is the lesson of the first part of the year.Amen,

I'm waiting until the civil war starts.

You'll have a long wait and even if you don't, you'll be dissappointed with the results. Even a couple of years ago when there was serious unrest in Bangkok and the army was on the streets, THB never skipped a beat, expect the same thing to happen next time.

even after the coup in 2006 THB strengthened.

[yoshiwara]

Most recently with GBP dropping the wails reached a crescendo with the "we will never see 45 baht again! I wished I had changed all my money! Woe is me!..." and so on. Well now that sterling has returned to 45 baht, they will be quietly saying to themselves " I'll just wait until it reaches 47" and then when it reaches 47, wait to 48 and when it hits 48, let's hang on till 50... And then it drops below 45 and the wailing kicks off again. This goes on for ever.

A public announcement sponsored by Leo. Cheers!

[draftvader]

when in doubt ask Fletch. he is (nomen est omen) a smiling British gentleman par excellence.

when you want a kick in the groin then address a Klingon with rubbish such as "in northern Thailand they mount baby rhino heads as trophies" with reasons such as:

-their horns are not suitable to produce the aphrodisiac "Rhinagra"

-baby rhino heads are not traded between Sydney and Tokyo with algorithm flash trading. inspite of originating from babies they are too heavy to be handled by any software except "Algorythm & Blues" which is not yet available.

Saw this article this morning and it reminded me of this conversation.

http://www.bbc.co.uk/news/technology-22380611

I still have no idea where the reference to Baby Rhino heads comes from and have the funny feeling you are mixing me up with somebody else. Maybe now I have provided you with adequate evidence I know what I am talking about on this particular issue (latency issues in trading platforms, not currency trading itself) you will explain your obscure reference to me?

[Murf]

Most recently with GBP dropping the wails reached a crescendo with the

"we will never see 45 baht again! I wished I had changed all my money!

Woe is me!..." and so on. Well now that sterling has returned to 45

baht, they will be quietly saying to themselves " I'll just wait until

it reaches 47" and then when it reaches 47, wait to 48 and when it hits

48, let's hang on till 50... And then it drops below 45 and the wailing

kicks off again. This goes on for ever.

A public announcement sponsored by Leo. Cheers!

Currently 46 on XE.

I am waiting until it reaches at least 70 baht - £ before i transfer any of my money

[Naam]

when in doubt ask Fletch. he is (nomen est omen) a smiling British gentleman par excellence.

when you want a kick in the groin then address a Klingon with rubbish such as "in northern Thailand they mount baby rhino heads as trophies" with reasons such as:

-their horns are not suitable to produce the aphrodisiac "Rhinagra"

-baby rhino heads are not traded between Sydney and Tokyo with algorithm flash trading. inspite of originating from babies they are too heavy to be handled by any software except "Algorythm & Blues" which is not yet available.

Saw this article this morning and it reminded me of this conversation.

http://www.bbc.co.uk/news/technology-22380611

I still have no idea where the reference to Baby Rhino heads comes from and have the funny feeling you are mixing me up with somebody else. Maybe now I have provided you with adequate evidence I know what I am talking about on this particular issue (latency issues in trading platforms, not currency trading itself) you will explain your obscure reference to me?

if i was addressing you with the above-mentioned posting i humbly apologise for the "baby rhino heads". the latter were presented by another poster.

[yoshiwara]

Most recently with GBP dropping the wails reached a crescendo with the

"we will never see 45 baht again! I wished I had changed all my money!

Woe is me!..." and so on. Well now that sterling has returned to 45

baht, they will be quietly saying to themselves " I'll just wait until

it reaches 47" and then when it reaches 47, wait to 48 and when it hits

48, let's hang on till 50... And then it drops below 45 and the wailing

kicks off again. This goes on for ever.

A public announcement sponsored by Leo. Cheers!

Currently 46 on XE.

I am waiting until it reaches at least 70 baht - £ before i transfer any of my money

Of course there is another sing-song karaoke specially written for Sterling when it going through one of its lurches downwards. ' The pound is f****d, the UK is f*****d, its all the fault of the socialists/evil Etonian Cameron/the EU/immigrants/My Aunt Fannie and the Pope'. When, to their surprise sterling goes up, chests are pumped up and the song slips into 'if only we weren't in the EU sterling would be strong again. Bastard EU/Frogs/Krauts/Romanians/Polish plumbers stealing our jobs..' This karaoke refrain is synchronised in all Thailand bars with the names Dog and Duck, Duck and Dog, Dogs <deleted>, Queen Victoria, and The Unhappy Teacher.

[Murf]

Everyone knows that Socialism can only fail! But that's another story...

Still climbing steadily... At this rate I will be able to withdraw my £'s in Thailand very soooon!

[draftvader]

when in doubt ask Fletch. he is (nomen est omen) a smiling British gentleman par excellence.

when you want a kick in the groin then address a Klingon with rubbish such as "in northern Thailand they mount baby rhino heads as trophies" with reasons such as:

-their horns are not suitable to produce the aphrodisiac "Rhinagra"

-baby rhino heads are not traded between Sydney and Tokyo with algorithm flash trading. inspite of originating from babies they are too heavy to be handled by any software except "Algorythm & Blues" which is not yet available.

Saw this article this morning and it reminded me of this conversation.

http://www.bbc.co.uk/news/technology-22380611

I still have no idea where the reference to Baby Rhino heads comes from and have the funny feeling you are mixing me up with somebody else. Maybe now I have provided you with adequate evidence I know what I am talking about on this particular issue (latency issues in trading platforms, not currency trading itself) you will explain your obscure reference to me?

if i was addressing you with the above-mentioned posting i humbly apologise for the "baby rhino heads". the latter were presented by another poster.

Thank you. Now I am curious as to who and what that is about.

[Naam]

when in doubt ask Fletch. he is (nomen est omen) a smiling British gentleman par excellence.

when you want a kick in the groin then address a Klingon with rubbish such as "in northern Thailand they mount baby rhino heads as trophies" with reasons such as:

-their horns are not suitable to produce the aphrodisiac "Rhinagra"

-baby rhino heads are not traded between Sydney and Tokyo with algorithm flash trading. inspite of originating from babies they are too heavy to be handled by any software except "Algorythm & Blues" which is not yet available.

Saw this article this morning and it reminded me of this conversation.

http://www.bbc.co.uk/news/technology-22380611

I still have no idea where the reference to Baby Rhino heads comes from and have the funny feeling you are mixing me up with somebody else. Maybe now I have provided you with adequate evidence I know what I am talking about on this particular issue (latency issues in trading platforms, not currency trading itself) you will explain your obscure reference to me?

if i was addressing you with the above-mentioned posting i humbly apologise for the "baby rhino heads". the latter were presented by another poster.

Thank you. Now I am curious as to who and what that is about.

your curiosity is justified but i don't want to waste time looking for the posting of a weirdo who claimed that he saw (somewhere in north-east Thailand) baby rhino heads mounted as trophies and for sale because their horns were not suitable to be exported to china as aphrodisiacum.

[nong38]

I thought it interesting the the Thai PM and other ministers were monitoring the strong bhat situation ( but little action has been noticed). I also noticed a quote that the Finance minister had said that he could dismiss the BOT Governor, well he does reluctant to cut the interest rate which would be the first thing he could do, unless he is waiting for his investments to mature but at least the pendulam is moving the other way for the time being, not so long ago some people on here were talking sterling down to 36, now we are approaching 46 arent scarmongers wonderful!!

Where will it end, it will run and run, this thread is like a soap opera an somewhere to let out our frustration and look for hope from others who are almost as worldywise as oneself

[draftvader]

if i was addressing you with the above-mentioned posting i humbly apologise for the "baby rhino heads". the latter were presented by another poster.

Thank you. Now I am curious as to who and what that is about.

your curiosity is justified but i don't want to waste time looking for the posting of a weirdo who claimed that he saw (somewhere in north-east Thailand) baby rhino heads mounted as trophies and for sale because their horns were not suitable to be exported to china as aphrodisiacum.

Sounds like an odd post, I'm off to do some digging about.

[mccw]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

[Asiantravel]

Most recently with GBP dropping the wails reached a crescendo with the

"we will never see 45 baht again! I wished I had changed all my money!

Woe is me!..." and so on. Well now that sterling has returned to 45

baht, they will be quietly saying to themselves " I'll just wait until

it reaches 47" and then when it reaches 47, wait to 48 and when it hits

48, let's hang on till 50... And then it drops below 45 and the wailing

kicks off again. This goes on for ever.

A public announcement sponsored by Leo. Cheers!

Currently 46 on XE.

I am waiting until it reaches at least 70 baht - £ before i transfer any of my money

i will bet you anything it will not reach anywhere near 70....

http://www.dailymail.co.uk/money/news/article-2319403/Five-million-families-relying-loans-savings-cover-food-bills.html

[cardholder]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

I'll wager there isn't much in the top half of YOUR glass !

[yoshiwara]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

I'll wager there isn't much in the top half of YOUR glass !

... and he'll tell you that unlike the others he isn't speculating. Amazing stuff eh?

[mccw]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

I'll wager there isn't much in the top half of YOUR glass !

... and he'll tell you that unlike the others he isn't speculating. Amazing stuff eh?

I'll be going about half half £ to bht investment. So I'd say its more like hedging; since my living in thai but most income in pounds currently. What would you call it?

[yoshiwara]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

I'll wager there isn't much in the top half of YOUR glass !

... and he'll tell you that unlike the others he isn't speculating. Amazing stuff eh?

I'll be going about half half £ to bht investment. So I'd say its more like hedging; since my living in thai but most income in pounds currently. What would you call it?

Hedging is speculating. The difference is that I don't have a problem with it. Next time you want to have a go at 'speculators', pause and think.

[mccw]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

I'll wager there isn't much in the top half of YOUR glass !

... and he'll tell you that unlike the others he isn't speculating. Amazing stuff eh?

I'll be going about half half £ to bht investment. So I'd say its more like hedging; since my living in thai but most income in pounds currently. What would you call it?

Hedging is speculating. The difference is that I don't have a problem with it. Next time you want to have a go at 'speculators', pause and think.

I didn't have a go at speculators. My business is highly speculative actually- land and property. But there is difference between all in moves and balancing. Like the guys gloating of going all in THB ten years ago- its more dumb luck than anything , any number of risk factors could have turned out to ruin them. I'm advocating a balance approach not all in moves which, like with gold, your always assuming any talk one way or another = all or nothing positions.

[TroyT]

Most recently with GBP dropping the wails reached a crescendo with the

"we will never see 45 baht again! I wished I had changed all my money!

Woe is me!..." and so on. Well now that sterling has returned to 45

baht, they will be quietly saying to themselves " I'll just wait until

it reaches 47" and then when it reaches 47, wait to 48 and when it hits

48, let's hang on till 50... And then it drops below 45 and the wailing

kicks off again. This goes on for ever.

A public announcement sponsored by Leo. Cheers!

Currently 46 on XE.

I am waiting until it reaches at least 70 baht - £ before i transfer any of my money

Of course there is another sing-song karaoke specially written for Sterling when it going through one of its lurches downwards. ' The pound is f****d, the UK is f*****d, its all the fault of the socialists/evil Etonian Cameron/the EU/immigrants/My Aunt Fannie and the Pope'. When, to their surprise sterling goes up, chests are pumped up and the song slips into 'if only we weren't in the EU sterling would be strong again. Bastard EU/Frogs/Krauts/Romanians/Polish plumbers stealing our jobs..' This karaoke refrain is synchronised in all Thailand bars with the names Dog and Duck, Duck and Dog, Dogs <deleted>, Queen Victoria, and The Unhappy Teacher.

Some hurt obviously lurking deep in your psyche ... bless

[yoshiwara]

I didn't have a go at speculators. My business is highly speculative actually- land and property. But there is difference between all in moves and balancing. Like the guys gloating of going all in THB ten years ago- its more dumb luck than anything , any number of risk factors could have turned out to ruin them. I'm advocating a balance approach not all in moves which, like with gold, your always assuming any talk one way or another = all or nothing positions.

Actually I think of property as less than speculative as it is relatively illiquid and stops one having cash burning a hole in one's pocket, although to be truthful HK property was very liquid in trading until recently. I am not sure piling into baht from sterling is necessary right now but for both a period of potential political instability is looming up ahead and both currencies vulnerable to volatility.

[nong38]

If anyone has any ideas how the Thai Govt could get to grips with the Thai Baht's rise would you please send your ideas ASAP . I am sure that exporters are really feeling the pinch now, same as us, bet they didn't see that coming. 300bts a day mimimum wage sure is not helping either right now either.

[highchol]

If anyone has any ideas how the Thai Govt could get to grips with the Thai Baht's rise would you please send your ideas ASAP . I am sure that exporters are really feeling the pinch now, same as us, bet they didn't see that coming. 300bts a day mimimum wage sure is not helping either right now either.

i dont think the 300 baht a family has to live on is helping them too much also

[OJAS]

I still think that before the mess of deficits and printing to pay for them and keep on feeding the banking hole then the then pound will likely go much lower. 36 or 30 sure thing. I'm transferring money over to bht now. I think this is profit taking by the speculators in bht on the fundamental road of £ devaluation.

Hmm, how long before GBP parity with the THB and then the satang is achieved, I wonder?

Edited May 9, 2013 by OJAS

[mccw]

From sky news app-

"""""The Co-operative has insisted its bank did not require government support after a ratings agency warned it may need a taxpayer bailout.

In a message to reassure customers and members, the Co-op said "we haven't sought nor do we need government support" and insisted it was taking action to strengthen its bank's balance sheet.

On Thursday night rating agency Moody's dropped the Co-op Bank's investment grade rating to "junk" status at E+, down from C-.

Just hour later the lender's chief executive Barry Tootell resigned.""""""

[breadbin]

Here we go again, co op about to go pop and govnt can do nothing other than bail it out.

The others banks got bailed so must happen.

Thanks Co Op.

[mccw]

All those IT problems RBS and Natwest were having were more likely liquidity trouble I reckon. A lot of that QE was to feed the banks by the back as well I bet.

[OJAS]

From sky news app-

"""""The Co-operative has insisted its bank did not require government support after a ratings agency warned it may need a taxpayer bailout.

In a message to reassure customers and members, the Co-op said "we haven't sought nor do we need government support" and insisted it was taking action to strengthen its bank's balance sheet.

On Thursday night rating agency Moody's dropped the Co-op Bank's investment grade rating to "junk" status at E+, down from C-.

Just hour later the lender's chief executive Barry Tootell resigned.""""""

OMG this is potentially devastating news for me personally since my UK current account is with the Co-op Bank! I have banked with them for the past 45 years and, in general, been very impressed with the service which I have received from them, even after moving out to Thailand.

On the other hand, I have banked with no fewer than 4 Thai banks (Krung Thai, Kasikorn, Ayudhya and now Bangkok Bank) in the same number of years since moving out here, and have been far from satisfied with the so-called "service" which I have received from any of them. In particular, their IMHO clearly inadequate security procedures are tantamount to an ATM fraudster’s charter if my experiences with mystery cash withdrawals from my former accounts with both Krung Thai and Kasikorn, to which I referred in a recent posting on another thread, are typical.

By default Bangkok Bank are, for me, the best of a bad bunch since I can at least perform internet transfers of my UK income, which is credited in its entirety to my Co-op Bank account, via their London branch at relatively reasonable rates. However, were the Co-op Bank to fold, I would presumably then have little choice other than to have my income directly credited to my Bangkok Bank account at rip-off rates, as I do not rate my chances of my now being able to open a replacement account with another bank in the UK as being all that great.

And, since I don’t trust Thai banks with a barge pole, I would then have to ensure that my Bangkok Bank balance was kept to an absolute minimum by safeguarding the bulk of my income in the time-honoured manner practised by my grandparents – namely in the form of 1,000 THB notes stuffed underneath my mattress in my case.

Here we go again, co op about to go pop and govnt can do nothing other than bail it out.

The others banks got bailed so must happen.

Thanks Co Op.

In view of the Co-op Group’s traditional socialist leanings, I have my doubts as to whether the current Tory-led government would necessarily be as willing to bale their banking arm out as the previous Labour government were in Northern Rock’s case for instance. And the potential implications of any collapse of the Co-op Bank for the GBP’s value against the THB (as well as most other currencies) – which, after all, is the main topic of this thread – are IMHO too horrific to contemplate.

Edited May 15, 2013 by OJAS

[Naam]

From sky news app-

"""""The Co-operative has insisted its bank did not require government support after a ratings agency warned it may need a taxpayer bailout.

In a message to reassure customers and members, the Co-op said "we haven't sought nor do we need government support" and insisted it was taking action to strengthen its bank's balance sheet.

On Thursday night rating agency Moody's dropped the Co-op Bank's investment grade rating to "junk" status at E+, down from C-.

Just hour later the lender's chief executive Barry Tootell resigned.""""""

no such ratings like "E+" and "C-" exist. the lowest rating Moody's "awards" is "C" equivalent to S&P's "D" and Fitch's "DDD".

[mccw]

I think the grade missing off your chart naam is ""Junk" ?

Co OP as an entire group had profits of £16bl or so apparently last year alone so most likely some of those profits will be shifted over to prop up the banking arm, followed by some major restructuring or an outright sale or write down combination.

[Asiantravel]

I recently transferred a sum of money from UK and I seem to have lost a lot more on the transaction than I was expecting. I realise there is a spread every day i.e. a different rate for buying and selling, so using the XE foreign exchange website presumably isn't much of an indicator because that gives you the average conversion rate? But is there any where I can find out what the buying rate and selling rate was on the day that the bank transferred the money to me ?