Mitkof Island Posted June 6, 2017 Share Posted June 6, 2017 Since March it has been dropping like a rock. Any ideas, news, predictions? Link to comment Share on other sites More sharing options...
Kwasaki Posted June 7, 2017 Share Posted June 7, 2017 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. Link to comment Share on other sites More sharing options...
jeab1980 Posted June 7, 2017 Share Posted June 7, 2017 Droping like a rock against ? Or is it your home countries currency dropping like a rock. Link to comment Share on other sites More sharing options...
billd766 Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
KarenBravo Posted June 7, 2017 Share Posted June 7, 2017 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? Link to comment Share on other sites More sharing options...
jeab1980 Posted June 7, 2017 Share Posted June 7, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
Kwasaki Posted June 7, 2017 Share Posted June 7, 2017 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. Link to comment Share on other sites More sharing options...
billd766 Posted June 7, 2017 Share Posted June 7, 2017 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. Link to comment Share on other sites More sharing options...
jeab1980 Posted June 7, 2017 Share Posted June 7, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
KhunBENQ Posted June 7, 2017 Share Posted June 7, 2017 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). Link to comment Share on other sites More sharing options...
Kwasaki Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
bangkokairportlink Posted June 7, 2017 Share Posted June 7, 2017 Do you think that it's always safer to keep lots of dollars ? Link to comment Share on other sites More sharing options...
elgenon Posted June 7, 2017 Share Posted June 7, 2017 The dollar has been steadily dropping relative to baht. Link to comment Share on other sites More sharing options...
cardinalblue Posted June 7, 2017 Share Posted June 7, 2017 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... Link to comment Share on other sites More sharing options...
malt25 Posted June 7, 2017 Share Posted June 7, 2017 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. Link to comment Share on other sites More sharing options...
pumpjack Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
phantomfiddler Posted June 7, 2017 Share Posted June 7, 2017 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 ! Link to comment Share on other sites More sharing options...
sawadee1947 Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
GuiseppeD Posted June 7, 2017 Share Posted June 7, 2017 Got out the wrong side of the bed, upside? Link to comment Share on other sites More sharing options...
timendres Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
Khon Kaen Dave Posted June 7, 2017 Share Posted June 7, 2017 4 hours ago, KarenBravo said: 44? At a rough guess. Link to comment Share on other sites More sharing options...
Kabula Posted June 7, 2017 Share Posted June 7, 2017 World currency and trade wars.... Prepare! Link to comment Share on other sites More sharing options...
Berkshire Posted June 7, 2017 Share Posted June 7, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
snooky Posted June 7, 2017 Share Posted June 7, 2017 Getting about 5% less for US dollar since January! Link to comment Share on other sites More sharing options...
bazza73 Posted June 7, 2017 Share Posted June 7, 2017 3 hours ago, malt25 said: Definitely the egg. And what laid the egg? Link to comment Share on other sites More sharing options...
tifino Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
Acharn Posted June 7, 2017 Share Posted June 7, 2017 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*. Link to comment Share on other sites More sharing options...
Kwasaki Posted June 7, 2017 Share Posted June 7, 2017 4 hours ago, malt25 said: Definitely the egg. I've posted this many times in the past years, thankyou for your reply. Link to comment Share on other sites More sharing options...
Dene16 Posted June 7, 2017 Share Posted June 7, 2017 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 Link to comment Share on other sites More sharing options...
Suradit69 Posted June 7, 2017 Share Posted June 7, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
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