What is going on with the Thai baht ?

[Mitkof Island]

Since March it has been dropping like a rock. Any ideas, news, predictions?

[Kwasaki]

You may as well ask what came first the chicken or the egg. 

I've set my budget for the foreseeable future @  between 43 & 45. 

[jeab1980]

Droping like a rock against ? Or is it your home countries currency dropping like a rock.

[billd766]

2 hours ago, Kwasaki said:

You may as well ask what came first the chicken or the egg. 

I've set my budget for the foreseeable future @  between 43 & 45. 

 

Here is an Excel file of the GBP/THB rate from the beginning of the year from KBank and the yellow highlighted is from XE which generally is about 50 satang above the KBank rate.

Forex plotted v03.xls

[KarenBravo]

2 hours ago, Kwasaki said:

You may as well ask what came first the chicken or the egg. 

I've set my budget for the foreseeable future @  between 43 & 45. 

44?

[jeab1980]

4 minutes ago, billd766 said:

 

Here is an Excel file of the GBP/THB rate from the beginning of the year from KBank and the yellow highlighted is from XE which generally is about 50 satang above the KBank rate.

Forex plotted v03.xls

Good file but as the op hasnt stated what currency he is talking about yet. Plus get ready to add to the file GBP is going to be like a yoyo on a very long return string over the next few days or so

Edited June 7, 2017 by jeab1980

[Kwasaki]

5 minutes ago, jeab1980 said:

Good file but as the op hasnt stated what currency he is talking about yet.

Yeah miss that     l seem remember the picture name asking about £ could be wrong. 

[billd766]

13 minutes ago, jeab1980 said:

Good file but as the op hasnt stated what currency he is talking about yet. Plus get ready to add to the file GBP is going to be like a yoyo on a very long return string over the next few days or so

 

I update it every day anyway.

[jeab1980]

3 minutes ago, billd766 said:

 

I update it every day anyway.

I do keep an eye on it week to week but untill its time for my yearly injection of pension from Gibralter i tend not to be to concerned. May hold it over  again (can hold over yearly payment  for 3 years before having to take it) next year if it hasnt climbed up again.

Edited June 7, 2017 by jeab1980

[KhunBENQ]

Baht dropping like a rock?

I must have missed something.

Can you give some numbers and examples please.

The Euro is one of the currencies with some movement since April. Has grown against the Baht from terrible to bad rates (in a long time range).

 

[Kwasaki]

14 minutes ago, KhunBENQ said:

Baht dropping like a rock?

I must have missed something.

Can you give some numbers and examples please.

The Euro is one of the currencies with some movement since April. Has grown against the Baht from terrible to bad rates (in a long time range).

 

Only one l know  

 

https://themoneyconverter.com/GBP/THB.aspx

[bangkokairportlink]

Do you think that it's always safer to keep lots of dollars ?

 

 

[elgenon]

The dollar has been steadily dropping relative to baht.

[cardinalblue]

In the long run keep it US dollars vs Thai baht...

 

with a strong U.S. Stock market it's a good bet you have made substantially more than what you will lose on the current exchange 35 to 34 last 45 days...

[malt25]

5 hours ago, Kwasaki said:

You may as well ask what came first the chicken or the egg. 

I've set my budget for the foreseeable future @  between 43 & 45. 

Definitely the egg.

[pumpjack]

dropping ?  yes the baht

 

the pound have been gathering pace for last few months from 43.1 to around 44.6

 

ive been watchijng as i just sold my condo and need transfer funds back to uk before pound keeps rising, it now suits me for baht to drop back down to 40-41 to GBP

[phantomfiddler]

I do believe the Thai Baht has been quite stable for some time, and will continue to do so, the main reason being there is one commodity that is NEVER going to go out of style !

[sawadee1947]

It's only the beginning. Since UK decided to follow stupid idea to leave EU the Thai baht will go down in one direction. I think, 30-35 baht will be a realistic value next year

[GuiseppeD]

Got out the wrong side of the bed, upside?

[timendres]

XE is a good source as 

3 hours ago, Kwasaki said:

Only one l know  

 

https://themoneyconverter.com/GBP/THB.aspx

XE is good also:  http://www.xe.com/currencyconverter/convert/?Amount=1&From=GBP&To=THB

[Khon Kaen Dave]

4 hours ago, KarenBravo said:

44?

At a rough guess.

[Kabula]

World currency and trade wars....

 

Prepare!

[Berkshire]

Not sure about the baht, but the USD is at seven-month lows...

 

http://www.independent.co.uk/news/business/news/us-dollar-latest-news-seven-month-low-james-comey-congress-qatar-oil-price-a7774676.html

 

Edited June 7, 2017 by Berkshire

[snooky]

Getting about 5% less for US dollar since January!

[bazza73]

3 hours ago, malt25 said:

Definitely the egg.

And what laid the egg?

[tifino]

 

I have used this site for quite some time:

http://www.xe.com/currencyconverter/convert/?From=AUD&To=THB

 

Simply open multiple pages, for grphing whatever, any and every Currency combo of interest to you... concurrently.

 

The graphs can go back 10 year if you want; to see the relative trends between whatever currency combinations.

 

anyhow, it's been the most versatile for us  IMHO, and it was pretty good last year, whilst travelling between Aust, Thai, SING, UK, Euro countries...

 

all the while macro juggling currencies and transfers between - all Online,  on our Travelex/CashPassport cards

 

 

 

 

 

 

 

 

 

 

 

 

 

[Acharn]

That's funny, the exchange rate I get has the baht getting stronger against the US dollar. I don't remember the exact dates, but I think in April the rate was ฿35.50:$1. In May it was ฿34.31. A couple of days ago it was ฿33.85. The normal language is that the dollar is dropping -- it's getting weaker, because $1 buys fewer baht, its value is less. I have no idea why. My guess is it has something to do with Trump being president*.

[Kwasaki]

4 hours ago, malt25 said:

Definitely the egg.

I've posted this many times in the past years, thankyou for your reply.  

[Dene16]

19 hours ago, Mitkof Island said:

Since March it has been dropping like a rock. Any ideas, news, predictions?

 

your asking a question that no one can really answer

£ has dropped 20% since brexit

But has now steadied to a certain extent 

Due to the present circumstances,  the £ is volatile on numerous fronts,  whether economic. political or media attention just to name a few

Exanples  we go to the polls on 8th June.  In the eyes of the world a conservative victory will mean stability thus a increase in the value of the £ and the opposite if a labour win occurs. If no clear winner also a decrease

The German PM Merkel made a statement recently that the US and UK were not to be trusted in the EU. Bearing in mind we need to create a trade deal with these countries it had an immediate effect on the strength of the £

If a manufacturing plant relocates for financial reasons (manufacturing has been declining for 20 + years),  the media may well blame it on brexit.

Untrue but the  effect and damage on the £ is already done

Hopefully as trade deals are met maybe the £ will increase sufficiently enough

I just wish the controlling political  parties in the UK would stop trying to undermine each other to the point of pulling the country down,  in their attempts to get into power

[Suradit69]

19 hours ago, Mitkof Island said:

Since March it has been dropping like a rock.

Actually the baht has been rising relative to major currencies, particularly the USD, which is why you get fewer baht for your foreign exchange.

 

More to do with sinking dollar, Trump, British elections, low to negative interest rates in western countries, etc ... all nothing to do with Thailand. 

Edited June 7, 2017 by Suradit69