sandyf Posted May 7, 2015 Share Posted May 7, 2015 Last week I bought EUR,CAD and Yuan The EUR was 35.5 and today 37.8 The CAD was 26.8 and today 27.7 The Yuan was 5.23 and today 5.32 Last week the USD was mid 32 and now over 33. Link to comment Share on other sites More sharing options...
Rod Wallop Posted May 7, 2015 Share Posted May 7, 2015 Needs to go to 40-USD Link to comment Share on other sites More sharing options...
sandyf Posted May 7, 2015 Author Share Posted May 7, 2015 Needs to go to 40-USD I remember the days of 75 to the pound, not much chance of seeing that again. We had 55 last year so maybe 60 is not out of the question. The dollar is a different story altogether. The Yuan may very well send it the other way. Link to comment Share on other sites More sharing options...
topt Posted May 7, 2015 Share Posted May 7, 2015 Needs to go to 40-USDI remember the days of 75 to the pound, not much chance of seeing that again. We had 55 last year so maybe 60 is not out of the question. The dollar is a different story altogether. The Yuan may very well send it the other way. Depending on the jobs report tomorrow the USD may well send itself back the other way - unfortunately. Link to comment Share on other sites More sharing options...
Swiss1960 Posted May 7, 2015 Share Posted May 7, 2015 Needs to go to 40-USDI remember the days of 75 to the pound, not much chance of seeing that again. We had 55 last year so maybe 60 is not out of the question.The dollar is a different story altogether. The Yuan may very well send it the other way. Depending on the jobs report tomorrow the USD may well send itself back the other way - unfortunately. US job report... Grexit... UK election results... further interest reductions in Thailand... too many unclear parameters for an outlook of more than a week... Link to comment Share on other sites More sharing options...
swissie Posted May 7, 2015 Share Posted May 7, 2015 This is not something that comes out of the blue sky on a cloudless day. The fact, that Thailand has lost some of it's competitiveness within S/E Asia can hardly come as a big surprise to an alert observer. A modest correction (an adjustment) reflecting this fact is currently taking place. - Longer term (among other things, but mainly) countries that have economic growth potential will be the future "Hard-Currencies" oft the world.. What was the economic growth-rate in Europe/ US? Ranging from minus 0.25 to plus 1 5 %. Wow! China had a bad year, only plus 7 %. On what horse will you place your bet longer term? The European / US horse that is dead and will not come alive again, no matter how long they try to flog the dead horse. The medicine of issuing interest- free money to major banks (no interest) to be lent out to small to mid-sized companies , hoping to revive the death horses in Europe and the US have failed miserably. Clouds over the economical sky? Yes, but less cloudy over the S/E Asian skies . Cheers. Link to comment Share on other sites More sharing options...
Torrens54 Posted May 7, 2015 Share Posted May 7, 2015 Not before time. Been Inflated for far too long. Link to comment Share on other sites More sharing options...
balo Posted May 7, 2015 Share Posted May 7, 2015 Right now I need a strong baht , will be travelling soon and all my savings are in a Thai bank . Link to comment Share on other sites More sharing options...
Naam Posted May 7, 2015 Share Posted May 7, 2015 This is not something that comes out of the blue sky on a cloudless day. The fact, that Thailand has lost some of it's competitiveness within S/E Asia can hardly come as a big surprise to an alert observer. A modest correction (an adjustment) reflecting this fact is currently taking place. - Longer term (among other things, but mainly) countries that have economic growth potential will be the future "Hard-Currencies" oft the world.. What was the economic growth-rate in Europe/ US? Ranging from minus 0.25 to plus 1 5 %. Wow! China had a bad year, only plus 7 %. On what horse will you place your bet longer term? The European / US horse that is dead and will not come alive again, no matter how long they try to flog the dead horse. The medicine of issuing interest- free money to major banks (no interest) to be lent out to small to mid-sized companies , hoping to revive the death horses in Europe and the US have failed miserably. Clouds over the economical sky? Yes, but less cloudy over the S/E Asian skies . Cheers. less cloudy over the S/E Asian skies but bond yields that make you cry Link to comment Share on other sites More sharing options...
IMA_FARANG Posted May 7, 2015 Share Posted May 7, 2015 I posted another post yesterday...... but again my dollar pension finally cleared to my Bangkok Bank account on the 7th of May Delayed from the 4th of May due to Holidays. Actual dollar to Baht rate according to my calculations was 32.6633 Baht per dollar. Link to comment Share on other sites More sharing options...
ThaiPauly Posted May 8, 2015 Share Posted May 8, 2015 51.9 to the GBP as I write, on the back of the early results of the UK election Happy days.... Link to comment Share on other sites More sharing options...
sandyf Posted May 8, 2015 Author Share Posted May 8, 2015 51.9 to the GBP as I write, on the back of the early results of the UK election Happy days.... Yes, jumped a bit at the time the polls closed. Got my pension this morning, that must have been calculated in the afternoon, only got 50.38. Lowest it has ever been compared to Superrich, currently 51.5. Link to comment Share on other sites More sharing options...
Swiss1960 Posted May 8, 2015 Share Posted May 8, 2015 51.9 to the GBP as I write, on the back of the early results of the UK election Happy days.... Yes, jumped a bit at the time the polls closed. Got my pension this morning, that must have been calculated in the afternoon, only got 50.38. Lowest it has ever been compared to Superrich, currently 51.5. 50.38 looks like the TT buy exchange rate from 7th morning, at least the one shown on the SCB home page... this morning, SCB started with a TT buy of 51.25 and currently (latest) of 51.59 I use this page and if you select a single currency, it will show you the changes during the day(s) Link to comment Share on other sites More sharing options...
sandyf Posted May 8, 2015 Author Share Posted May 8, 2015 51.9 to the GBP as I write, on the back of the early results of the UK election Happy days.... Yes, jumped a bit at the time the polls closed. Got my pension this morning, that must have been calculated in the afternoon, only got 50.38. Lowest it has ever been compared to Superrich, currently 51.5. 50.38 looks like the TT buy exchange rate from 7th morning, at least the one shown on the SCB home page... this morning, SCB started with a TT buy of 51.25 and currently (latest) of 51.59 I use this page and if you select a single currency, it will show you the changes during the day(s) My pension is on direct payment from the DWP so the rate is what they get in the UK before it is sent to my Thai bank. Link to comment Share on other sites More sharing options...
IMA_FARANG Posted May 8, 2015 Share Posted May 8, 2015 This is not something that comes out of the blue sky on a cloudless day. The fact, that Thailand has lost some of it's competitiveness within S/E Asia can hardly come as a big surprise to an alert observer. A modest correction (an adjustment) reflecting this fact is currently taking place. - Longer term (among other things, but mainly) countries that have economic growth potential will be the future "Hard-Currencies" oft the world.. What was the economic growth-rate in Europe/ US? Ranging from minus 0.25 to plus 1 5 %. Wow! China had a bad year, only plus 7 %. On what horse will you place your bet longer term? The European / US horse that is dead and will not come alive again, no matter how long they try to flog the dead horse. The medicine of issuing interest- free money to major banks (no interest) to be lent out to small to mid-sized companies , hoping to revive the death horses in Europe and the US have failed miserably. Clouds over the economical sky? Yes, but less cloudy over the S/E Asian skies . Cheers. ------------------------------------------ If the U.S. government ever changes to start paying my pension in Yuan I'll take it, but I doubt it will happen soon. I presume it will still be paid in U.S. dollars for the time being. I doubt they will switch to another currency just for me. Link to comment Share on other sites More sharing options...
TheAppletons Posted May 8, 2015 Share Posted May 8, 2015 I posted another post yesterday...... but again my dollar pension finally cleared to my Bangkok Bank account on the 7th of May Delayed from the 4th of May due to Holidays. Actual dollar to Baht rate according to my calculations was 32.6633 Baht per dollar. I received 33.12 the day before....and it rose on the 7th. You should have received 33.18. Did you account for the fees in doing your calculations? Link to comment Share on other sites More sharing options...
ThaiPauly Posted May 8, 2015 Share Posted May 8, 2015 GBP Jumped up to 52 on xe.as soon as David Cameron was re-elected in Witney Link to comment Share on other sites More sharing options...
jayceenik Posted May 8, 2015 Share Posted May 8, 2015 My Pattaya TGF (our third year together) is following the unexpected present Euro rise against the THB very closely.A month ago I promised to buy her a Toyota Yaris Sportivo (629k) as soon as the Euro would get to 40 ... Anyway, I need to make a Euro transfer very soon for living expenses so I'm quite happy with 37.5 and above after the depressing previous 35 or so. Link to comment Share on other sites More sharing options...
Bernard Flint Posted May 8, 2015 Share Posted May 8, 2015 My Pattaya TGF (our third year together) is following the unexpected present Euro rise against the THB very closely. A month ago I promised to buy her a Toyota Yaris Sportivo (629k) as soon as the Euro would get to 40 ... Anyway, I need to make a Euro transfer very soon for living expenses so I'm quite happy with 37.5 and above after the depressing previous 35 or so. SIR That is nothing, i promised to buy my mia noi a house if the gbp rose to 60, happy days, not Link to comment Share on other sites More sharing options...
SGX Posted May 8, 2015 Share Posted May 8, 2015 Markets go up , markets go down Link to comment Share on other sites More sharing options...
northernphil Posted May 8, 2015 Share Posted May 8, 2015 Yesterday 50.82 - quid. Today 51.98 = quid. I said to the wife " Soon I will be able to afford a Ladyboy as a maid " They like a good joke. " What you need a LB for why you need anytink , you buy me gold " Link to comment Share on other sites More sharing options...
wooloomooloo Posted May 8, 2015 Share Posted May 8, 2015 Bangkok Bank closed down at 50.93 from this morning's 51.08. If it bumps up to 52/53 during my stay in the next two weeks I might just purchase an iPhone 6 Plus and sell my iPhone 6 when I get back to the UK. We'll see. Link to comment Share on other sites More sharing options...
carib102 Posted May 8, 2015 Share Posted May 8, 2015 Expect USD/THB to go to 34 after a decent non-farm payrolls report. And then to 36 in 2016 as the U.S. begins to raise interest rates. That's my opinion and take it for what its worth. Link to comment Share on other sites More sharing options...
steveru Posted May 8, 2015 Share Posted May 8, 2015 Weakening is no surprise after comments by government officials last week about declining exports. The one way to increase exports quickly is to devalue the currency. Vietnam just did this yesterday to improve its export market. My guess is that the Bank of Thailand is behind this drop in the baht and will probably start to intervene to protect it when it hits around 33.50 or 34 to the dollar. Link to comment Share on other sites More sharing options...
carib102 Posted May 8, 2015 Share Posted May 8, 2015 Thailand isn't admitting it but they are racing to the bottom along with other countries. Cut interest rate by 25 basis points to 1.50% earlier this week, but more importantly they eased capital controls making it easier to sell baht for other currency's and take it from Thailand. This allows institutional investors to more easily book profits from gains in the SET and expatriate them. When they do this they need to sell Baht, which will lead to a depreciating currency. This is the easiest method for the BoT since they have to deal with a currency that isn't a freely floating currency. Link to comment Share on other sites More sharing options...
musiclover Posted May 8, 2015 Share Posted May 8, 2015 Right now I need a strong baht , will be travelling soon and all my savings are in a Thai bank .Um ...that's Interesting for TV readers .. Link to comment Share on other sites More sharing options...
angiolo Posted May 8, 2015 Share Posted May 8, 2015 Right now I need a strong baht , will be travelling soon and all my savings are in a Thai bank . TOUGH LUCK My money is in gb pounds and have waited a long time watching the THB get stronger. A downward spiral would be nice Link to comment Share on other sites More sharing options...
Bulldozer Dawn Posted May 8, 2015 Share Posted May 8, 2015 The Thai elite held the baht high against the US dollar long enough for them to move their funds out of Thailand. Now that that task has been completed, the baht will now be encouraged to freefall. Link to comment Share on other sites More sharing options...
Srikcir Posted May 8, 2015 Share Posted May 8, 2015 It will peak at 35 = 1 USD But should the EU and/or the USA take economic sanctions against Thailand, expect 40 = 1 USD Link to comment Share on other sites More sharing options...
sanuk711 Posted May 8, 2015 Share Posted May 8, 2015 The Thai elite held the baht high against the US dollar long enough for them to move their funds out of Thailand. Now that that task has been completed, the baht will now be encouraged to freefall. When did your spies from the happy hour bar divulge this secrete information to you Bulldozer.. Link to comment Share on other sites More sharing options...
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