Ticker2000 Posted November 22, 2013 Share Posted November 22, 2013 Amazing! You guys, its like written in English but a different language somehow, seldom do I read a paragraph of text and I am left thinking, nothing was said at the end of it. Totally mystified and admire your apparent knowledge of the subject and interest in it. To me its a string of words that have little meaning, just too complicated. But on the upside I can read numbers and the current rate of 51+ looks great, havnt seen that for some time, hope it continues as some have suggested. Just cant seem to get to grips with the technicalities, leave that to you, its way over my head and comprehension, I'll stick with simple numbers, know my capabilities and all that. Open a conversation with the boards resident non wannabe expat (CM) with a very hurt ego at the moment (yet again). He could do with a friend such as you whose knowledge of the technicalities is on par with his!!!!! Being offered 51.4 with broker in UK - glad I held off transferring. I see you've ducked the technical questions, yet again, just a stream of meaningless noise now, at least you've learned something useful about the composition of GBP/THB, I would imagine and will start to follow USD more closely so it's not been a complete waste of time! One in the same thing young one. Have you ever done any chart analysis? Or would you like us to teach you about that too. Shall we review your speculations on the movement in the strength of the THB over the past year!!!! You find it a touch humiliating. It has broken free of a major resistance point and as such is moving very quickly in the right direction for me. It is not surprising given the potency of the present and near future macro economic mix. CM - are you a "non wannabe expat"? Never laughed so much Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 Amazing! You guys, its like written in English but a different language somehow, seldom do I read a paragraph of text and I am left thinking, nothing was said at the end of it. Totally mystified and admire your apparent knowledge of the subject and interest in it. To me its a string of words that have little meaning, just too complicated. But on the upside I can read numbers and the current rate of 51+ looks great, havnt seen that for some time, hope it continues as some have suggested. Just cant seem to get to grips with the technicalities, leave that to you, its way over my head and comprehension, I'll stick with simple numbers, know my capabilities and all that. Simply do as I do.. Ignore them all as day on day they post figures and the pound still goes up and up.. I like Michael Jackson's honesty in plain hoping for a strong £. Others like myself, engage in some debate and theories backed by research links and some a bit degree of understanding of the technicalities at least. You on the hand like pretend u know what your talking about but really don't have a clue. Still waiting for any link or information or answer to the technicalities you stumbled over before. If you don't know what your talking about/ we're talking about, then just stick to "51 whoopee; here's hoping it goes higher" save yourself some embarrassment Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
Jip99 Posted November 22, 2013 Share Posted November 22, 2013 Would you include all mortgage, personal loans, credit cards, payday lenders etc etc- if u did for UK I think you'd find it far far higherSent from my iPhone using Thaivisa Connect Thailand mobile app Yes. In the UK ALL those things you mentioned are regulated and appear in official borrowing figures. So - do you think my list is included in Thailand's official figures ? Eer sorry but your completely wrong. UK debt to GDP figures are for government borrowing- not all total public and private debt! (This is true of Thailand and every other country when generally talking about debt to GDP its meaning government debt to GDP) Take a look at this: http://www.independent.co.uk/money/loans-credit/1430000000000-britains-personal-debt-timebomb-8950372.html Public sector debt here (see the methodological differences at the bottom): http://www.ons.gov.uk/ons/rel/psa/public-sector-finances/july-2013/sty-public-sector-debt.html Your very naive if you think the west doesn't engage in accounting tricks. See this compiled from the governments own figures: http://www.iea.org.uk/blog/true-level-of-uk-government-debt-exceeds-£5-trillion Almost 400% and that's just the public sector; what do you think it would be if including the private sector? Sent from my iPhone using Thaivisa Connect Thailand mobile app So - do you think my list is included in Thailand's official figures ? Link to comment Share on other sites More sharing options...
Jip99 Posted November 22, 2013 Share Posted November 22, 2013 Does that include village loans, black market loans, rice loans, syndicate loans, pawn shop loans - or would they be outside the official numbers. Would you include all mortgage, personal loans, credit cards, payday lenders etc etc- if u did for UK I think you'd find it far far higherSent from my iPhone using Thaivisa Connect Thailand mobile app Yes. In the UK ALL those things you mentioned are regulated and appear in official borrowing figures. So - do you think my list is included in Thailand's official figures ? Eer sorry but your completely wrong. UK debt to GDP figures are for government borrowing- not all total public and private debt! (This is true of Thailand and every other country when generally talking about debt to GDP its meaning government debt to GDP) Where did I say anything about National Debt. Everyone knows that National Debt = government borrowing. What I said was that personal borrowing is included in "official borrowing figures"". i.e. they are recorded, they are published. Not the same same for Thailand. Nam has it right - it is not about debt in absolute terms (and no one has an accurate figure for Thailand), it is about debt servicing. Link to comment Share on other sites More sharing options...
Ticker2000 Posted November 22, 2013 Share Posted November 22, 2013 Not looking too pretty for the LOFTS's.... Markets are not happy.... http://www.bloomberg.com/news/2013-11-22/emerging-stocks-rise-as-technology-firms-gain-while-baht-falls.html Link to comment Share on other sites More sharing options...
Naam Posted November 22, 2013 Share Posted November 22, 2013 Amazing! You guys, its like written in English but a different language somehow, seldom do I read a paragraph of text and I am left thinking, nothing was said at the end of it. Totally mystified and admire your apparent knowledge of the subject and interest in it. To me its a string of words that have little meaning, just too complicated. But on the upside I can read numbers and the current rate of 51+ looks great, havnt seen that for some time, hope it continues as some have suggested. Just cant seem to get to grips with the technicalities, leave that to you, its way over my head and comprehension, I'll stick with simple numbers, know my capabilities and all that. perhaps you and me could form a club? 1 Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 Would you include all mortgage, personal loans, credit cards, payday lenders etc etc- if u did for UK I think you'd find it far far higher Sent from my iPhone using Thaivisa Connect Thailand mobile app Yes. In the UK ALL those things you mentioned are regulated and appear in official borrowing figures. So - do you think my list is included in Thailand's official figures ? Eer sorry but your completely wrong. UK debt to GDP figures are for government borrowing- not all total public and private debt! (This is true of Thailand and every other country when generally talking about debt to GDP its meaning government debt to GDP)Take a look at this: http://www.independent.co.uk/money/loans-credit/1430000000000-britains-personal-debt-timebomb-8950372.html Public sector debt here (see the methodological differences at the bottom): http://www.ons.gov.uk/ons/rel/psa/public-sector-finances/july-2013/sty-public-sector-debt.html Your very naive if you think the west doesn't engage in accounting tricks. See this compiled from the governments own figures: http://www.iea.org.uk/blog/true-level-of-uk-government-debt-exceeds-£5-trillion Almost 400% and that's just the public sector; what do you think it would be if including the private sector? Sent from my iPhone using Thaivisa Connect Thailand mobile app So - do you think my list is included in Thailand's official figures ? What official figures are you talking about then? Can you link me to the UK "official figures" that include all on your list? If you read the Thai business section regularly you'd have come across figures for non performing loans at the Thai banks and the cap ratios of those banks. The Thai banks have cap rates of 10-20% btw compared to the UKs fragile 1% ish. The Thais are servicing thier debts fine from the free market while the UK has to resort to QE and forced near 0% rates. So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE. Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 Not looking too pretty for the LOFTS's.... Markets are not happy.... http://www.bloomberg.com/news/2013-11-22/emerging-stocks-rise-as-technology-firms-gain-while-baht-falls.html Not exactly devastating Sent from my iPhone using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 Did u even read links Jib? Especially the one from the independent. Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
FiftyTwo Posted November 22, 2013 Share Posted November 22, 2013 (edited) So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE. So why aren't you moving all your pensions, cash and assets to Thailand? Xe.com showing an exchange rate at 51.6 Edited November 22, 2013 by FiftyTwo Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE.So why aren't you moving all your pensions, cash and assets to Thailand?Xe.com showing an exchange rate at 51.6 I have moved 75% of my total net assets value to Thailand (transferred when the rate got to around 50). I keep only a bare minimum cash and no other paper type assets precisely because I see the system as being unstable/ fragile and see the facts of what happened in Cyprus and what is being suggested by the IMF and passed in to law also - ie the confiscation of private paper assets / bail in of the banking system. Sent from my iPhone using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
bartender100 Posted November 22, 2013 Share Posted November 22, 2013 So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE. So why aren't you moving all your pensions, cash and assets to Thailand? Xe.com showing an exchange rate at 51.6 XE does not count according to the "experts" on this thread, B51 is available today in Pattaya exchanges for cash, some things do "follow" it would seem, B52 not far behind. What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2013 Share Posted November 22, 2013 So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE. So why aren't you moving all your pensions, cash and assets to Thailand? Xe.com showing an exchange rate at 51.6 XE does not count according to the "experts" on this thread, B51 is available today in Pattaya exchanges for cash, some things do "follow" it would seem, B52 not far behind. What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow The reason for the difference has been explained yet you continue to believe that XE is somehow clairvoyant, funny! 1 Link to comment Share on other sites More sharing options...
wooloomooloo Posted November 22, 2013 Share Posted November 22, 2013 ...I'll stick with simple numbers... Can't argue with that. Bangkok Bank closed at 50.76 for the weekend. My wife and I were in Pattaya for the last few days and one of the Beach Road outlets were offering 50.90. Had I shopped around, I'm certain there would have been slightly more improved offers. We were pretty shafted on our last visit to LOS in February, so nice to come back to some normality. Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2013 Share Posted November 22, 2013 It'll be interesting to see what happens if the ECB rate goes negative, I guess that will see funds transfer into GBP and USD, if into GBP that will likely cause it to strengthen, question is whether that's desirable from a UK perspective. It's all well and good to have a strong currency but if too strong it hurts exports, difficult. Link to comment Share on other sites More sharing options...
FiftyTwo Posted November 22, 2013 Share Posted November 22, 2013 I thought the only thing the UK still exported was pensioners. 1 Link to comment Share on other sites More sharing options...
Popular Post Mark79 Posted November 22, 2013 Popular Post Share Posted November 22, 2013 (edited) ...I'll stick with simple numbers... Can't argue with that. Bangkok Bank closed at 50.76 for the weekend. My wife and I were in Pattaya for the last few days and one of the Beach Road outlets were offering 50.90. Had I shopped around, I'm certain there would have been slightly more improved offers. We were pretty shafted on our last visit to LOS in February, so nice to come back to some normality. 51.2 for the TT rate at BKK bank, superrich are offering 51.3 for notes too. I just sent a lump over last week and got marginally over 50....knew I should have waited, but if I knew for sure what the fx rates were going to do I wouldn't be working for a living! I've been following this thread for a while and can appreciate both sides of the argument, i've still no idea what will happen in the future though, i'm sure the pound will strengthen at some point, just as i'm sure it will weaken at some point too! Just wish I knew when Edited November 22, 2013 by Mark79 3 Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2013 Share Posted November 22, 2013 This from 2011, it's not current but it gives an idea of the extent of UK exports: 1 Link to comment Share on other sites More sharing options...
wooloomooloo Posted November 22, 2013 Share Posted November 22, 2013 I just sent a lump over last week and got marginally over 50....knew I should have waited... My wife and I changed up a sizeable sum at Bangkok Bank in LOS last Friday at 50.01. Job done and happy with 1,000 baht = £20. We could have waited and lost. I've trained my wife over a period of time not to be despondent with fluctuations. If we were happy at the time, then happy we'll remain, until the next time. 1 Link to comment Share on other sites More sharing options...
bartender100 Posted November 22, 2013 Share Posted November 22, 2013 Seems like the clairvoyant XE was right. I have followed this for years, what happens on XE follows in the street So looks to me Thailand has more stable financial system and space to lower rate significantly if needs be. UK has no where to go- just more QE. So why aren't you moving all your pensions, cash and assets to Thailand?Xe.com showing an exchange rate at 51.6 XE does not count according to the "experts" on this thread, B51 is available today in Pattaya exchanges for cash, some things do "follow" it would seem, B52 not far behind. What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow The reason for the difference has been explained yet you continue to believe that XE is somehow clairvoyant, funny! Link to comment Share on other sites More sharing options...
rwdrwdrwd Posted November 22, 2013 Share Posted November 22, 2013 (edited) XE does not count according to the "experts" on this thread, B51 is available today in Pattaya exchanges for cash, some things do "follow" it would seem, B52 not far behind. What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow The reason for the difference has been explained yet you continue to believe that XE is somehow clairvoyant, funny! I would imagine that it is 'roughly' correct 50% of the time.. it shows the mid market rate, therefore so long as the market moves, it will (half of the time) move in the direction of the rate stated by XE. The flaw in your hypothesis is that for the other 50% of occasions it will not - it depends which way the market moves. If you actually analyse the theory over a period of a few weeks, you'll see that 50% of the time the rate will move in the direction of the XE rate, but it will undershoot and overshoot it when it does so - it will often do this very slightly, but occasionally dramatically. 50% of the time it will go in entirely the opposite direction. What you are claiming is akin to tossing a coin on a Tuesday and then assuming that the same side will land when you flip a coin on Thursday. Edited November 22, 2013 by rwdrwdrwd Link to comment Share on other sites More sharing options...
FiftyTwo Posted November 22, 2013 Share Posted November 22, 2013 xe.com shows mid range. 0.5bht less if buying 0.5bht more if selling So at 51.6, you can change GBP to Bht for 51.1 Link to comment Share on other sites More sharing options...
Ticker2000 Posted November 22, 2013 Share Posted November 22, 2013 If you deal with brokers and and are dealing with 15-10k plus they will quote a price somewhere mid spread. If you are dealing with larger sums you can negotiate with them as well. I was quoted 51.55 at one point today. With 50 notes today you could get 51.45 at superrich. Still holding on. Link to comment Share on other sites More sharing options...
Ticker2000 Posted November 22, 2013 Share Posted November 22, 2013 It'll be interesting to see what happens if the ECB rate goes negative, I guess that will see funds transfer into GBP and USD, if into GBP that will likely cause it to strengthen, question is whether that's desirable from a UK perspective. It's all well and good to have a strong currency but if too strong it hurts exports, difficult. Advanced economics - I am impressed. Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 XE does not count according to the "experts" on this thread, B51 is available today in Pattaya exchanges for cash, some things do "follow" it would seem, B52 not far behind. What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow The reason for the difference has been explained yet you continue to believe that XE is somehow clairvoyant, funny! I would imagine that it is 'roughly' correct 50% of the time.. it shows the mid market rate, therefore so long as the market moves, it will (half of the time) move in the direction of the rate stated by XE. The flaw in your hypothesis is that for the other 50% of occasions it will not - it depends which way the market moves. If you actually analyse the theory over a period of a few weeks, you'll see that 50% of the time the rate will move in the direction of the XE rate, but it will undershoot and overshoot it when it does so - it will often do this very slightly, but occasionally dramatically. 50% of the time it will go in entirely the opposite direction. What you are claiming is akin to tossing a coin on a Tuesday and then assuming that the same side will land when you flip a coin on Thursday. Just to be pedantic- Not 50% for sure is it? Surely it only follows when the mid point is rising (or falling) concurrently - the days it will be wrong / not "following" are the days the trend up or down turns. So those days could be more or less frequent than 50% depending. Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
wooloomooloo Posted November 22, 2013 Share Posted November 22, 2013 Just to be pedantic- Not 50% for sure is it? Surely it only follows when the mid point is rising (or falling) concurrently - the days it will be wrong / not "following" are the days the trend up or down turns. So those days could be more or less frequent than 50% depending. Eh? Link to comment Share on other sites More sharing options...
mccw Posted November 22, 2013 Share Posted November 22, 2013 Just to be pedantic- Not 50% for sure is it? Surely it only follows when the mid point is rising (or falling) concurrently - the days it will be wrong / not "following" are the days the trend up or down turns. So those days could be more or less frequent than 50% depending.Eh? The mid point is only followed by the bank buy rate in Thailand when the market moves in the same direction , so the days the market turns are the days that it doesn't follow. Follow? Sent from my iPhone using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
i claudius Posted November 22, 2013 Share Posted November 22, 2013 Just read that petrol in the UK is at its lowest level for a long time ,due to the pounds strength,so some good news for them.in sterling strength Link to comment Share on other sites More sharing options...
rwdrwdrwd Posted November 22, 2013 Share Posted November 22, 2013 (edited) The mid point is only followed by the bank buy rate in Thailand when the market moves in the same direction , so the days the market turns are the days that it doesn't follow. Follow? Sent from my iPhone using Thaivisa Connect Thailand mobile app Yep you are right, I decided to not bring trends into the point I was making - it is not 50% in a trending market, it will lean toward the trend, but the general inadvisability of believing that XE is magically predictive remains, really what the statement: 'What shows on XE is a day or two in front of the banks and money booths, but they nearly always follow' means is: 'The first currency I decide to put into XE nearly always gets stronger against the second' Which is of course very incorrect. Edited November 22, 2013 by rwdrwdrwd Link to comment Share on other sites More sharing options...
crumpled Posted November 22, 2013 Share Posted November 22, 2013 yesterday using my metro bank card at an aeon machine in Pattaya i got 50.84 baht for one pound. Mastercard rates 50.98 for the 21st and rising. Lovely and just in time for my next trip back. Much better than bouncing along in the mid 40's as it was last time I was there. And I'm hoping - like many - the rise continues. Link to comment Share on other sites More sharing options...
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