Peter Denis Posted March 21, 2019 Share Posted March 21, 2019 HI, might be useful for some TV members regularly changing Euro in THB. Every 1-2 months I am transmitting approx 2000 Euro to THB with TransferWise. But with the volatility of both the Euro and the THB, picking the right moment to transfer the money can save you quite some money. Last month the rate was 35,2 and today it's 36,2. On top of regularly checking the rate to determine when to transfer, I also make use of the following website > https://walletinvestor.com/forex-forecast/eur-thb-prediction It features graphs with short- and long-term predictions of the rate, and the short-term predictions are quite accurate. According to that site, the rate is going up and should be approx 36,4 in 1 week. Link to comment Share on other sites More sharing options...
metisdead Posted March 21, 2019 Share Posted March 21, 2019 Moved to the Banking forum. Link to comment Share on other sites More sharing options...
KhunBENQ Posted March 21, 2019 Share Posted March 21, 2019 That 5 year forecast (33.2) spoils my day But indeed I already planned for a life with 30 for the Baht. And 36 for the Pound would also not make happy faces. https://walletinvestor.com/forex-forecast/gbp-thb-prediction 24(!) for the Dollar. https://walletinvestor.com/forex-forecast/usd-thb-prediction OK, now I put this aside and say it's like astrology At least in the long term prediction. And how can they predict political effects like the oncoming "election" and Brexit/No Brexit? Link to comment Share on other sites More sharing options...
dabhand Posted March 21, 2019 Share Posted March 21, 2019 This is a GBP / THB forecast site. I would recommend that anyone with a dicky heart avoids looking at the forecast for 2022 http://poundf.co.uk/pound-to-baht-forecast-gbp-to-thb Link to comment Share on other sites More sharing options...
Chivas Posted March 21, 2019 Share Posted March 21, 2019 lol if you're using Transferwise all you need to do is view any of the live interbank rates and instigate the transfer locking in that rate immediately 36 to the £ 33 to Euro lol Thai Banks are anticipating the Baht weakening out to 35 by June and 37 by years end. That of course is ignoring completely the opposite side of the currency pairing, your own currency against the Greenback With Brexit sorted one way or another by June (with the certain rise of Sterling/Dollar) and Baht weakening out to 35 we can expect to see Sterling back above 50 with a fair wind Link to comment Share on other sites More sharing options...
Chivas Posted March 21, 2019 Share Posted March 21, 2019 2 hours ago, KhunBENQ said: And how can they predict political effects like the oncoming "election" and Brexit/No Brexit? Have just read that site and have never before seen such an outright pile of drivel Link to comment Share on other sites More sharing options...
Peter Denis Posted March 21, 2019 Author Share Posted March 21, 2019 1 hour ago, Chivas said: lol if you're using Transferwise all you need to do is view any of the live interbank rates and instigate the transfer locking in that rate immediately That's indeed what I do. By clicking 1 EUR to THB - TransferWise Link to comment Share on other sites More sharing options...
Peter Denis Posted March 21, 2019 Author Share Posted March 21, 2019 1 hour ago, Chivas said: lol if you're using Transferwise all you need to do is view any of the live interbank rates and instigate the transfer locking in that rate immediately That's indeed what I do. By clicking 1 EUR to THB - TransferWise and that gives you the rate you will get NOW as well as a graph with the day rates of the last 30 or 90 days. But I also now check https://walletinvestor.com/forex-forecast/eur-thb-prediction to see what's the short-term prediction. If they predict UP I just wait - it they predict DOWN I do my transferral. The short-term prediction is - as far as I have seen till now - fairly accurate. Link to comment Share on other sites More sharing options...
jackdd Posted March 21, 2019 Share Posted March 21, 2019 If these predictions were correct in more than 50% of the cases you could just buy foreign exchange options based on them and would become rich. This means the people who made this website would just use the predictions for themself and would not publish them. So we can conclude that these predictions are just random numbers and useless. Link to comment Share on other sites More sharing options...
Jeffrey346 Posted March 22, 2019 Share Posted March 22, 2019 Bunch of rubbish.. Link to comment Share on other sites More sharing options...
Henricus Posted March 22, 2019 Share Posted March 22, 2019 18 hours ago, Chivas said: With Brexit sorted one way or another by June (with the certain rise of Sterling/Dollar) and Baht weakening out to 35 we can expect to see Sterling back above 50 with a fair wind ???????????? Link to comment Share on other sites More sharing options...
timendres Posted March 22, 2019 Share Posted March 22, 2019 8:37 pm Bangkok time. Link to comment Share on other sites More sharing options...
timendres Posted March 22, 2019 Share Posted March 22, 2019 On 3/21/2019 at 10:42 AM, Peter Denis said: > https://walletinvestor.com/forex-forecast/eur-thb-prediction It features graphs with short- and long-term predictions of the rate, and the short-term predictions are quite accurate. Utter nonsense beyond a couple weeks. They are simply applying standard deviations, then choosing a direction. It is the direction that is nonsense. Link to comment Share on other sites More sharing options...
Pravda Posted March 22, 2019 Share Posted March 22, 2019 I remember back in mid 2000's when Canadian dollar when 1 cent over par with US. Everyone and their butler was crying how those US quarters are destroying Canadian economy because they can be used in vending machines. It's going down, they said. It's only going to get worse, they said. Ban US quarters, they said. Ten years later Canadian Peso is where it belongs again..... in the toilet. Link to comment Share on other sites More sharing options...
Brunolem Posted March 23, 2019 Share Posted March 23, 2019 I didn't know that the euro was back above 36... Let's hope it holds there a bit... With all what's going on in Europe, there is little reason for expecting the upside... but since there are no financial markets anymore, only the illusion of these, everything is possible nowadays... such as the more you borrow and go into debt, the lower the interest rates go... ain't that fantastic? Link to comment Share on other sites More sharing options...
Fairynuff Posted March 23, 2019 Share Posted March 23, 2019 The clue is in the word......PREDICTION. Nobody knows and prediction is another word for guess. Link to comment Share on other sites More sharing options...
Brunolem Posted March 24, 2019 Share Posted March 24, 2019 14 hours ago, Fairynuff said: The clue is in the word......PREDICTION. Nobody knows and prediction is another word for guess. Yet a prediction can be based on knowledge, which then makes it an educated guess... Link to comment Share on other sites More sharing options...
happydays Posted March 25, 2019 Share Posted March 25, 2019 TransferWise allows you to set up alerts. Choose a target rate & TW will send you an email when it’s reached. Trying to prdeict rates is a waste of time imho. Link to comment Share on other sites More sharing options...
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