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jasonr3255

30/25/20 baht > £1 when is it time to Quit ??

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Can anyone offer an explanation for the slight resurgence of the pound against the baht in recent days?

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20 minutes ago, RickG16 said:

Can anyone offer an explanation for the slight resurgence of the pound against the baht in recent days?

Have you heard of the internet?  You can read the news on there,

Edited by anchadian

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On 10/10/2019 at 7:08 AM, jasonr3255 said:

see no reason why it wouldn’t drop to 25 baht to the £1 after Brexit and possibly even lower. 

A bit pessimistic. No financial analyst in the world is predicting 25 after a no deal Brexit.  

That would be £/$0.82.  The UK is the worlds 5th largest economy.

A Brexit with a deal will push the £ higher.

 

885502020_ScreenShot2019-10-12at11_44_37.png.94b6aea85847430e77e5530c8c24a08f.png

$1.15=   ฿35/£            $1.10 =  ฿33.5 /£      $1.05=  ฿32/£

 

1252464991_ScreenShot2019-10-10at07_30_31.png.ce3f485d3a0464cad93579e06db21201.png

$1.30 would be ฿39.5 /£       Now at 38.51      

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11 hours ago, RickG16 said:

Can anyone offer an explanation for the slight resurgence of the pound against the baht in recent days?

Check the internet.    Slight resurgence is a 4.4% rise.  The largest 2 day jump since 2009.

The FTSE 250 also up 4.2%. Biggest one day gain in over nine years.  21 firms with gains of at least 10% . 

 

 

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On 10/10/2019 at 7:19 AM, jonwilly said:

Impossible to forecast future rates of exchange.

Whenever story of Brexit agreement the pound stabilizes/strengthens so we will just have to wait and see.

I am down over B15K/ month on my monthly income from UK, since start of Brexit,  so I do sympathize.

 

john 

just like many of us here....

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On 10/12/2019 at 9:25 PM, RickG16 said:

Can anyone offer an explanation for the slight resurgence of the pound against the baht in recent days?

There is new belief that Boris can get a deal from the EU.

 

Get ready to short it again when he fails.

 

Den

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An important point to actually living here full time as an expat, especially a married expat with kids, is making the exchange rate irrelevant.

If you are not reliant on a pension, or money from renting out your property, etc,  hence not reliant on exchanging money every month, then it all becomes irrelevant what the Pound/Euro/Dollar is doing n'est pas?

Innit?

What i'm trying to say, is if you want to live here full time, make your money here, or invest it here, in whatever business you think will make you AND your family money every month.

On 10/10/2019 at 7:08 AM, jasonr3255 said:

I work in UK half the time but sending money over is becoming gut wrenching

I bet it is.

I invested all my money here in 2004-5-6 when the TB=GBP was 74:1.

Not only is the Pound half that, but the land value round here is worth 5 times what it was.

I could not remotely do what i did then on today's money and values.

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