Thai baht dropping big time!

[fish fingers]

http://www.xe.com/currencycharts/?from=GBP&to=THB&view=1D

Woke up early and checked it… looks like it may easily break through 53 to the pound today

[RandomSand]

sam sip satang. Doesn't seem like a "big" move to me.

52.45 to 52.75

Allow me to suggest an avatar tablet in these turbulent times we're in

[fish fingers]

For just this morning thats actually quite alot. let's see what happens over the next few hours

[RandomSand]

Well it's up against the Yen. (Bhat)

[Jasun]

Well, it's up a tiny bit against the USD, down against the AUD for the week. Maybe it's as much about stirling strengthening.

[slipperylobster]

Got some extra money yesterday. Silver lining, but sorry for the violence. Until they get this sorted out, looks like a free scooter payment for me.

[slipperylobster]

Got some extra money yesterday. Silver lining, but sorry for the violence. Until they get this sorted out, looks like a free scooter payment for me.

Forgot to explain....it has soared from 31.20 to 32.25 in one month. Payday is today. I take it out (2,700 usd) and get about the equivalent of my monthly motor scooter payment (2,400 baht). Definitely not small potatoes.

[fish fingers]

Well it's up against the Yen. (Bhat)

The Yen is up against the baht. When the baht drops in value against other currencies it means we get more baht. Happy days for farangs.

[tim armstrong]

Still believe its just hedge funds and others playing money games using the unrest as an excuse. Alernatively someone? could have discovered the real extent of gov't debt, brought about by rice pledging and mega infrastructure projects.

[fish fingers]

just touched 53 to the £, I may do a transfer later today.

[Naam]

just touched 53 to the £, I may do a transfer later today.

no Thai bank is offering 53! best TT rate Siam Commercial 52.65

http://bankexchangerates.daytodaydata.net/default.aspx

[Berkshire]

"Big time??" The OP must be the real excitable type. The baht only weakened a few pennies against the US$, normal fluctuations. Why do people use such dramatic (read inaccurate) words in their thread title?

[impulse]

Screw all that. How's it doing against the Bitcoin?

[bushman1666]

Oh those halcyon days of B70 to the £1, bring them on

Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app

[FiestyFarang]

xe.com is good for normal currencies but even they say rates in Thailand may differ (The THB rate shown below is the international (off-shore) rate. Rates used within Thailand may vary) A better site for Thai Baht in Thailand is http://www.scb.co.th/scb_api/index.jsp

[Toscano]

I too have been watching the Thai Baht go down against the British Pound .

Good new at the time I make my monthly transfer of funds . I'd be happy for it to go down a lot further .

[Kayahammer]

Oh those halcyon days of B70 to the £1, bring them on

Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app

It was 90 something to the pound when i first got here (1998)

[mortenaa]

Oh those halcyon days of B70 to the £1, bring them on

Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app

It was 90 something to the pound when i first got here (1998)

U came in January 1998? Three months later, it was down to 63..

[GBK]

Yup, 92.xx in October 1997 was the best I ever got.

[nongsangcity]

90 bht to the pound ? I must of blinked and missed that....

[8OA8]

Yup, the sum needed to transfer (Baht to Stg) for a new des res in London, just increased by Baht 750,000

Thinking it's a very good job it isn't the penthouse.

[GBK]

Perhaps you did. I bought an Omega SpeedMaster with the difference. It didn't stay there long, but long enough.

The forex pages have historical rates, so go take a look.

[chiang mai]

The peak rate from the banks was 88.99 during the week of January 19th 1998, by the beginning of February it was down to 80 and by March it was at 70.

[Morakot]

May I suggest a broader perspective rather than a sensationalist headline for this topic.

[superdome]

Just hang on a bit...will hit 60=£1...VERY VERY SOON

[RAZZELL]

just touched 53 to the £, I may do a transfer later today.

no Thai bank is offering 53! best TT rate Siam Commercial 52.65

http://bankexchangerates.daytodaydata.net/default.aspx

52.75 at Superrich.

RAZZ

[rightlineman]

So if you draw a straight line on the peaks, leaving out the extreme high in the center move up, that should be next resistance. I have 33 baht for the Dollar. Maybe get the miss to open an account and buy her some stock, between 1,000 and 1,200, if this doesn't end soon

[Tazwa]

Title should read, "Baht defies political turmoil!"

I don't see any remarkable drops.

[chiang mai]

Title should read GBP strengthens against USD.

[Suradit69]

Well it's up against the Yen. (Bhat)

The Yen is up against the baht. When the baht drops in value against other currencies it means we get more baht. Happy days for farangs.

And it means all the imported items in the stores that so many farang seem to crave will be more expensive. If/when the baht strengthens those higher prices will probably not retreat.

It wasn't that long ago that so many farang were moaning that they would have to pack it in because of the rising baht in terms of their home currencies. It may not be the great bonanza that some seem to think, but it would probably be prudent to buy more baht now, either to store in the bank or to buy gold as its price sinks or even to stock up on some consumer goods that have a long shelf life.

These things tend to be cyclical despite the belief of some that rates only go in one direction.