mackes Posted March 26, 2013 Share Posted March 26, 2013 About 5 years ago the pound loss about 20% against the baht, the last month it has lost another 10%. That will be 1/3 loss for five years. The Thai baht has strenghten but this is more than other currencies How are you british people with income in pound handling this? Leaving for home, find new places or just cope with it? Link to comment Share on other sites More sharing options...
Popular Post sms747 Posted March 26, 2013 Popular Post Share Posted March 26, 2013 I will be OK as my wife is a popular prostitute in bangkok and is paid in baht, really, why do you want to know? 21 Link to comment Share on other sites More sharing options...
JAS21 Posted March 26, 2013 Share Posted March 26, 2013 (edited) Third option ... coping with it. Less weekends away at nice hotels. Edited March 26, 2013 by JAS21 Link to comment Share on other sites More sharing options...
Popular Post theoldgit Posted March 26, 2013 Popular Post Share Posted March 26, 2013 Third option ... coping with it. Less weekends away at nice hotels. Certainly the option for me, also less swanky restaurants and eating more local food, after all that's one of the reasons I moved here. 4 Link to comment Share on other sites More sharing options...
uptheos Posted March 26, 2013 Share Posted March 26, 2013 "How are you british people with income in pound handling this?" Piece of cake......it's cheap here. Link to comment Share on other sites More sharing options...
chris2004 Posted March 26, 2013 Share Posted March 26, 2013 BTW it's a 40% drop 71 - 44 Link to comment Share on other sites More sharing options...
Popular Post MrWorldwide Posted March 26, 2013 Popular Post Share Posted March 26, 2013 This thread feels like deja vu all over again ..... 5 Link to comment Share on other sites More sharing options...
Swiss1960 Posted March 26, 2013 Share Posted March 26, 2013 I think it is time for a pinned thread about exchange rates, as there is one for British pension... would really give back space to other threads and questions... 1 Link to comment Share on other sites More sharing options...
Popular Post samran Posted March 26, 2013 Popular Post Share Posted March 26, 2013 I think it is time for a pinned thread about exchange rates, as there is one for British pension... would really give back space to other threads and questions... The troika of things to get TVs British punters going - Pensions - Immigrants (not them living in Thailand, the smelly hoards back home) - and now...the exchange rate. 9 Link to comment Share on other sites More sharing options...
Popular Post uptheos Posted March 26, 2013 Popular Post Share Posted March 26, 2013 (edited) BTW it's a 40% drop 71 - 44 It's a 50% + if you were here during the baht crash. Edited March 26, 2013 by uptheos 3 Link to comment Share on other sites More sharing options...
ignis Posted March 26, 2013 Share Posted March 26, 2013 coping with it... For me is wait and see + hope... Sold Shares in 2004 and transferred to my account here....... sold about the same amount a few weeks ago, but if I transferred that day would be 2 million baht less then in 2004, so wait and see + hope.. Link to comment Share on other sites More sharing options...
Swiss1960 Posted March 26, 2013 Share Posted March 26, 2013 I think it is time for a pinned thread about exchange rates, as there is one for British pension... would really give back space to other threads and questions... The troika of things to get TVs British punters going - Pensions - Immigrants (not them living in Thailand, the smelly hoards back home) - and now...the exchange rate. How about a new forum called "Brit's Expat Pub"? 1 Link to comment Share on other sites More sharing options...
Popular Post IMA_FARANG Posted March 26, 2013 Popular Post Share Posted March 26, 2013 Seriously. I can remember when the dollar/pound exchange rate was $1.20 to a pound. (early 1980's) I can also remember when that same dollar/pound exchange rate $2.10 to a pound (roughly 1990, I believe). The only real constant is that everything changes. Deal with it. 7 Link to comment Share on other sites More sharing options...
samran Posted March 26, 2013 Share Posted March 26, 2013 I think it is time for a pinned thread about exchange rates, as there is one for British pension... would really give back space to other threads and questions... The troika of things to get TVs British punters going - Pensions - Immigrants (not them living in Thailand, the smelly hoards back home) - and now...the exchange rate. How about a new forum called "Brit's Expat Pub"? there would be riots I think... 1 Link to comment Share on other sites More sharing options...
ThaidDown Posted March 26, 2013 Share Posted March 26, 2013 The op asks how are Brits coping with the poor GBP/THB rate, well personally I have stopped transferring money from UK to Thailand. People quote that the rate has changed xx % from some previous date that appears to have been arbitrarily selected. For info, below is a graph of GPB/THB exchange rates over the last 50 odd years. You can see that it ranges from 27 to 90 in that time. Link to comment Share on other sites More sharing options...
Ulysses G. Posted March 26, 2013 Share Posted March 26, 2013 I am going to have to cut down on the bangers and mash. Link to comment Share on other sites More sharing options...
MrWorldwide Posted March 26, 2013 Share Posted March 26, 2013 Again, I've seen so many graphs over the last 3 weeks that I'm beginning to wonder when I started that economics course - and whether I can get my tuition fees back .... Link to comment Share on other sites More sharing options...
MrWorldwide Posted March 26, 2013 Share Posted March 26, 2013 I am going to have to cut down on the bangers and mash. 'Bangers', eh ? I think the politically correct term is 'whores'. Link to comment Share on other sites More sharing options...
mackes Posted March 26, 2013 Author Share Posted March 26, 2013 The op asks how are Brits coping with the poor GBP/THB rate, well personally I have stopped transferring money from UK to Thailand. People quote that the rate has changed xx % from some previous date that appears to have been arbitrarily selected. For info, below is a graph of GPB/THB exchange rates over the last 50 odd years. You can see that it ranges from 27 to 90 in that time. Hmmm, interesting graph. So, your opinion is that we are back to normal... Link to comment Share on other sites More sharing options...
FunFon Posted March 26, 2013 Share Posted March 26, 2013 Most currency movement is driven by two factors: 1. trade imbalance - consistent net importing exerts downward pressure 2. relative skill/wisdom with which the central bankers and government manage the country's financial system - tax deficits exert downward pressure However IMO we're at one of those periodic times in history where the public's fundamental faith and trust in the banking system are at risk, and as soon as that reaches a critical tipping point the whole house of cards can come tumbling down. The pound may be in a slightly better position than the USD and the EUR in the next 5-10 years, but not much. So far the THB has been OK in that regard, but of course who knows in coming years. I can't see any of those big three currencies doing well unless the west radically changes the way it manages its banking systems - IMO pigs will fly first. I keep asking for suggestions for decent currency bets in that timeframe beyond Norway, Switzerland, Australia and Singapore, so far no one's piped up with any specifics. 1 Link to comment Share on other sites More sharing options...
Popular Post cardholder Posted March 26, 2013 Popular Post Share Posted March 26, 2013 I am going to have to cut down on the bangers and mash. 'Bangers', eh ? I think the politically correct term is 'whores'. You are confusing 'bangers' with bankers........... 5 Link to comment Share on other sites More sharing options...
arthurwait Posted March 26, 2013 Share Posted March 26, 2013 I am going to have to cut down on the bangers and mash. 'Bangers', eh ? I think the politically correct term is 'whores'. What's the politically correct term for 'mash' ? Link to comment Share on other sites More sharing options...
arthurwait Posted March 26, 2013 Share Posted March 26, 2013 Don't worry after this government go I can't see the baht being very high. Link to comment Share on other sites More sharing options...
chiang mai Posted March 26, 2013 Share Posted March 26, 2013 The op asks how are Brits coping with the poor GBP/THB rate, well personally I have stopped transferring money from UK to Thailand. People quote that the rate has changed xx % from some previous date that appears to have been arbitrarily selected. For info, below is a graph of GPB/THB exchange rates over the last 50 odd years. You can see that it ranges from 27 to 90 in that time. Hmmm, interesting graph. So, your opinion is that we are back to normal... It can be argued that the "norm" was the period up until 1969 which represented the longest period of stability at 60 (ish), people do however become fixated on 35 for some reason. Link to comment Share on other sites More sharing options...
ThaidDown Posted March 26, 2013 Share Posted March 26, 2013 The op asks how are Brits coping with the poor GBP/THB rate, well personally I have stopped transferring money from UK to Thailand. People quote that the rate has changed xx % from some previous date that appears to have been arbitrarily selected. For info, below is a graph of GPB/THB exchange rates over the last 50 odd years. You can see that it ranges from 27 to 90 in that time. Hmmm, interesting graph. So, your opinion is that we are back to normal... Graphs (especially those with such variation) can be made to show almost anything you want to show. You could say that around 45-55 was some sort of historical average. But then again it could be said that I was selective starting at 1960. If you went back further you would find that in the 1880 s the rate was fixed at 10 THB to the pound. I may be old but no I was not around then ! I only posted the graph to show that whether the GBP is currently up or down and by how much depends on your start point. Not economics, just the obvious. 2 Link to comment Share on other sites More sharing options...
FunFon Posted March 26, 2013 Share Posted March 26, 2013 Don't worry after this government go I can't see the baht being very high. - Mai mee krai roo anakot No one knows the future Link to comment Share on other sites More sharing options...
muythai2013 Posted March 26, 2013 Share Posted March 26, 2013 So the country you love (thailand) needs to fail, Then you will get more bang for your buck. It's kind of like saying, I love Thailand, but I don't want it to excel because I will need to give up a few needless luxuries. Link to comment Share on other sites More sharing options...
cardholder Posted March 26, 2013 Share Posted March 26, 2013 Just playing with numbers, Brits are actually 50% worse off. GBP/THB rate in 2008 .........66 GBP/THB rate now........... 44 Difference 22 Baht or - Brits could buy 50% more with their money 5 years ago e.g. if something was 66 Baht in 2008 it cost 1 Pound. Something that is 66 Baht now costs one Pound 50p. Link to comment Share on other sites More sharing options...
FunFon Posted March 26, 2013 Share Posted March 26, 2013 So the country you love (thailand) needs to fail, Then you will get more bang for your buck. It's kind of like saying, I love Thailand, but I don't want it to excel because I will need to give up a few needless luxuries. - Actually Thailand's much better off with a low-value currency relative to its trading partners since its economy is so heavily dependent on exports (tourism included). Failing or succeeding economically from a "main street" POV isn't necessarily reflected in currency movements, as I said it's driven the trade balance and confidence in the the central bankers and government's financial management skills. America's economy may fully recover with full employment and rising standards of living and still see the USD decline over time. Link to comment Share on other sites More sharing options...
Swiss1960 Posted March 26, 2013 Share Posted March 26, 2013 I keep asking for suggestions for decent currency bets in that timeframe beyond Norway, Switzerland, Australia and Singapore, so far no one's piped up with any specifics. Forget about the Swiss currency. Switzerland is part of the European Economic zone, no matter whether we have contracts or not. CHF is now linked to the EURO through the actions of the Swiss National Bank which will not let the exchange rate drop below 1.20 and thus, the CHF is experiencing the exact same movements as the Euro. This is completely independent of the still growing Swiss economy or the still stable unemployment rate. Link to comment Share on other sites More sharing options...
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