£ v Baht

[rwdrwdrwd]

no

[MaeJoMTB]

59 you say, hmmm, fancy a small wager?

Considering all your past currency predictions about GBP/Baht exchange rates has been wildly wrong.

I'm fairly confident the rate will hit 60 in the next couple of years.

[chiang mai]

59 you say, hmmm, fancy a small wager?

Considering all your past currency predictions about GBP/Baht exchange rates has been wildly wrong.

I'm fairly confident the rate will hit 60 in the next couple of years.

Why AOA, how impolite.

For the benefit of others, AOA/TTP/MJM/whatever is referring to this:

"What I actually said at the time, all those years ago, was that GBP/THB would hit 40, +/- 10% and so it did, it hit 43. Sadly though, some people took that to be a forecast of 35 and this has now become urban myth on this forum, proving yet again that most people can't read and comprehend well at all. But I'll sit here and wait for your "proof" and I'll be reminding you from time to time.

EDIT to add: and here's something you CAN quote me on, with my full support and it's exactly the same thing today as I said all those years ago, GBP/THB will trade again at 40, +/- 10%, it's already been there once recently. This time, try not to screw up the quote and remember that doesn't mean 35"!

http://www.thaivisa.com/forum/topic/847188-thai-baht-likely-to-weaken-further-this-week/page-2

Edited August 27, 2015 by chiang mai

[Naam]

my prediction is that GBP/THB will go sideways with slight fluctuations within a narrow band of 20 to 80

[timbothaivisa]

Looks like best part of one peak on a positive trend to me. The pound only went down from 2014 levels because of General Election uncertainty combined with the Scottish referendum.

As others point out, there are certain events on the horizon in Thailand which will fuel uncertainty the other way. I'd try to wait another 2-3 months & hold for even better rates. Otherwise the trend looks to me like there will be another slight rise now before the next consolidation trough.

http://www.xe.com/currencycharts/?from=GBP&to=THB&view=5Y

ps. I'm no expert!

Edited August 28, 2015 by timbothaivisa

[chiang mai]

Let's set aside any topic which would violate forum rules, such future events are not for debate, that leaves other events both on the UK Sterling and Thai Baht side.

Whilst it's great that everyone has an idea about what the rate might be at some point in time, there's no real science associated with guessing, as fun as that might be some times. For me, the more interesting aspect of trying to forecast what the rate might be in say one, three six and twelve months time is trying to understand the various factors involved and which way they might go. For example, will Thai exports recover and how or will they continue to fall; will the UK budget deficit continue to fall or not; what direction will GDP take in both camps; what will be the impact of rate rises in the US and/or UK, should they happen as thought; will Thai tourism continue to grow or will it take a serious hit, that sort of stuff.

BTW this is just for fun, stretch the mind and think about some details kind of stuff, not too heavy and serious, OK.

Edited August 28, 2015 by chiang mai

[emilymat]

Let's set aside any topic which would violate forum rules, such future events are not for debate, that leaves other events both on the UK Sterling and Thai Baht side.

Whilst it's great that everyone has an idea about what the rate might be at some point in time, there's no real science associated with guessing, as fun as that might be some times. For me, the more interesting aspect of trying to forecast what the rate might be in say one, three six and twelve months time is trying to understand the various factors involved and which way they might go. For example, will Thai exports recover and how or will they continue to fall; will the UK budget deficit continue to fall or not; what direction will GDP take in both camps; what will be the impact of rate rises in the US and/or UK, should they happen as thought; will Thai tourism continue to grow or will it take a serious hit, that sort of stuff.

BTW this is just for fun, stretch the mind and think about some details kind of stuff, not too heavy and serious, OK.

Hmmmm....That sounds like Harold MacMillan (Supermac) who, when asked, "What are the main things about the economy that worry you?" He replied..."Events dear boy, events" They don't make them like him anymore.

[chiang mai]

True indeed, events trigger a reaction which in turn trigger a rise or fall in value, and?

[khastan]

Many thanks for everybody's input. So it looks like the best option is to wait now before transferring more sterling.

[i claudius]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

[loppylugs1]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

Always use Transferwise now,or Azimo,about £10 for transfer of £1000,takes about 4 to 5 days excluding Sat Sun. take if your debit card ,bit quicker

Carney quotes interest rate rises are close to happening,should put a spurt on for Sterling

[stament]

HSBC is the way to go, transfer took less thsn two hours.

[Naam]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

a British friend of mine mentioned once "Nationwide is not a bank but a disease!"

[stament]

used to be good when thrpey didnt charge for ATM withdrawals abroad, now lost that USP, shame.

[stament]

So what rate can we look fwd to today and this week? how long do you think it will be before we reach 36 on xe.com?

[stament]

sorry i was getting the usd and gbp thread mixed up, apols! ok 56 for the gbp! ok lets say 56 for gbp ;-)

[Chivas]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

a British friend of mine mentioned once "Nationwide is not a bank but a disease!"

Why.....??

[Naam]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

a British friend of mine mentioned once "Nationwide is not a bank but a disease!"

Why.....??

i did not ask him why because i was not interested in more tales of boring details about his business with a former building society which claims to be a bank nowadays.

[Chivas]

Thanks to nationwide and their inefficiency,a swift that should have come at the beginning of last week was not sent,as an apology they have just said I will not have to pay the 20 quid fee,I hope it does not go down next week as they will not send it in till monday

a British friend of mine mentioned once "Nationwide is not a bank but a disease!"

Why.....??

i did not ask him why because i was not interested in more tales of boring details about his business with a former building society which claims to be a bank nowadays.

Well clearly both you and your "friend" are wrong in this instance. Not debating further

[sandyf]

a British friend of mine mentioned once "Nationwide is not a bank but a disease!"

Why.....??

i did not ask him why because i was not interested in more tales of boring details about his business with a former building society which claims to be a bank nowadays.

Well clearly both you and your "friend" are wrong in this instance. Not debating further

Obviously a bit young to be involved in carpetbagging.

[chiang mai]

sorry i was getting the usd and gbp thread mixed up, apols! ok 56 for the gbp! ok lets say 56 for gbp ;-)

You do realize it's going the other way currently, an average 54.65 at banks in Thailand.

[stament]

yep, disappointing but I made the move and got 55.6 so not too displeased, plus I also have dollars so will watch that. Dont need to transfer till November so I am sure there will be a chance of either sterling or the mighty greenback reaching my transfer price! ;-)