Jimbo in Thailand Posted December 5, 2019 Share Posted December 5, 2019 21 minutes ago, bananafish said: Lets get back to 50+ THB = 1 GBP and hassle free visas please. NO worries bananafish... on the way... due to arrive Feb 30th! ???????????? Link to comment Share on other sites More sharing options...
NightSky Posted December 5, 2019 Share Posted December 5, 2019 Blah blah blah. Too little too late. Link to comment Share on other sites More sharing options...
bronzedude Posted December 5, 2019 Share Posted December 5, 2019 This is not news until the baht actually weakens. Maybe just said to appease those who keep saying the baht is too high. Link to comment Share on other sites More sharing options...
moe666 Posted December 5, 2019 Share Posted December 5, 2019 14 hours ago, lujanit said: Weaker? Not my experience yesterday when I transferred AUD to baht via Transferwise. The baht was stronger than a month ago. Different story here the dollar is a bit stronger than my tramsfer last month. they are trying to lower the value aganist major trading currencies. Link to comment Share on other sites More sharing options...
Foghorn Posted December 5, 2019 Share Posted December 5, 2019 Yet with a high baht foreign goods are rising significantly here ,does that mean with a weak baht they will reduce or is it a case of monopoly , so suck it up Link to comment Share on other sites More sharing options...
yosib157 Posted December 5, 2019 Share Posted December 5, 2019 13 hours ago, Brigand said: A mix of both, but the pound could well go up a noticeable amount after the election result if there is a Tory majority. A hung parliament or a Labour coalition will send it tumbling again. Once there is some certainty in the UK for the markets to be relaxed about and the baht starts to go where it belongs then the pound might well head back towards what it's really worth ... which is about 50-55 baht. 20 years back in the golden, dare I say hedonistic age when we Brits revelled in 70 thb to the quid, life here was a blast. Now in my dotage, medical bills are higher than entertainment. I would be more than happy if it climbed however slowly to 50 - 55. Link to comment Share on other sites More sharing options...
mserror Posted December 5, 2019 Share Posted December 5, 2019 50% chance of being correct. (The other deputy governer should say it is going to strengthen. Then they can promote the one who is correct.) Link to comment Share on other sites More sharing options...
DUNROAMIN Posted December 5, 2019 Share Posted December 5, 2019 Retune your crystal ball Mr Bank Governor its out of sink!!! Link to comment Share on other sites More sharing options...
kingdong Posted December 5, 2019 Share Posted December 5, 2019 15 hours ago, anterian said: When it comes to the Pound it is difficult to separate out Thai effects from Brexit effects. Election next week when Boris gets a majority and we get out the eu the pound will rocket. Link to comment Share on other sites More sharing options...
0815 Posted December 5, 2019 Share Posted December 5, 2019 15 hours ago, worgeordie said: If that's true it should be dropping like a stone, regards worgeordie ... or like a feather. Link to comment Share on other sites More sharing options...
Isaan sailor Posted December 5, 2019 Share Posted December 5, 2019 If the Baht has gained 7-1/2% on the USD this year—then it should weaken, by 7-1/2% ASAP. Let the economy crash—they certainly deserve it. Link to comment Share on other sites More sharing options...
emptypockets Posted December 5, 2019 Share Posted December 5, 2019 1 minute ago, kingdong said: Election next week,wen Boris gets a majority and we get out the eu the pound will rocket. You hope. Link to comment Share on other sites More sharing options...
emptypockets Posted December 5, 2019 Share Posted December 5, 2019 1 minute ago, Isaan sailor said: If the Baht has gained 7-1/2% on the USD this year—then it should weaken, by 7-1/2% ASAP. Let the economy crash—they certainly deserve it. Let it drop 20 or more percent. Then hear the whining on here about the cost of cooking gas, diesel and petrol. As the cost of imported goods rises as the baht weakens the resident expat posters will go in to meltdown. The ' I told you so ' Brexit threads will be interesting reading. Link to comment Share on other sites More sharing options...
kingdong Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, bananafish said: Lets get back to 50+ THB = 1 GBP and hassle free visas please. 75 -£1 sounds better Link to comment Share on other sites More sharing options...
Isaan sailor Posted December 5, 2019 Share Posted December 5, 2019 6 hours ago, MaxYakov said: And HERE is the X-Rates USD graph showing around 30.30 on December 4th. Where can I get 30.30/USD? I can't get that at Bangkok Bank, that's for sure (because their profit/cut on the transaction). Max, using a no-surcharge American bank issued credit card purchase—you will get very close to that published international rate. Link to comment Share on other sites More sharing options...
jkcjag Posted December 5, 2019 Share Posted December 5, 2019 15 hours ago, lujanit said: Weaker? Not my experience yesterday when I transferred AUD to baht via Transferwise. The baht was stronger than a month ago. It was his prediction...not a fact Link to comment Share on other sites More sharing options...
hotchilli Posted December 5, 2019 Share Posted December 5, 2019 15 hours ago, anterian said: When it comes to the Pound it is difficult to separate out Thai effects from Brexit effects. Brexit doesn't effect the Baht value. Brexit weakens the GBP value yes. Link to comment Share on other sites More sharing options...
raccos21 Posted December 5, 2019 Share Posted December 5, 2019 Link to comment Share on other sites More sharing options...
kingdong Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, IAMHERE said: Where does this gold come from; I thought the only gold mine in Thailand had been shut down. From all the money sponsors send there one and onlies in pattaya,that coupled with amount of gold the punters buy for their " girlfriends " that they immediately pawn, pattayas probably sitting on higher gold reserves than South africa. Link to comment Share on other sites More sharing options...
potless Posted December 5, 2019 Share Posted December 5, 2019 25 minutes ago, Isaan sailor said: Let the economy crash—they certainly deserve it. I hope it doesnt crash. Thais lose their income, debts to the banks dont get repaid, banks get in trouble. I have money in the bank. Ouch. Thoughts anyone? Link to comment Share on other sites More sharing options...
Srikcir Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, IAMHERE said: Where does this gold come from; I thought the only gold mine in Thailand had been shut down. Despite the recent spike in exports, Thailand has still imported a net $43.6 billion of gold since 2009 - although that includes imports for use in jewelry and religious items in the largely Buddhist country as well as by gold traders. Thailand produces very little gold and the flow is driven by trading. https://www.reuters.com/article/us-thailand-economy-gold/gold-a-new-headache-for-thai-central-bank-as-baht-surges-idUSKBN1WQ170 Having shutdown the Kingsgate mine in 2014 under Article 44, gold imports seem to be the primary supply for gold in Thailand unless Thailand is exporting some of BOT's gold reserves. Judging from the chart above, Thailand is overall a negative net importer of gold since 2010. Link to comment Share on other sites More sharing options...
kingofthemountain Posted December 5, 2019 Share Posted December 5, 2019 16 hours ago, snoop1130 said: The Bank of Thailand remains concerned about the strength of the baht and is ready to take action against any rapid gains, either through intervention or additional steps, Mathee said. On Wednesday, the central bank, the Federation of Thai Industries and commercial banks discussed how to handle the baht's strength, he said, without giving further details. They have done nothing at all. More than 6 months now and the problem is still the same and they are still discussing how to handle it? At least all these overpayed incompetents should be fired Link to comment Share on other sites More sharing options...
kingdong Posted December 5, 2019 Share Posted December 5, 2019 3 minutes ago, potless said: I hope it doesnt crash. Thais lose their income, debts to the banks dont get repaid, banks get in trouble. I have money in the bank. Ouch. Thoughts anyone? Up to you where you put your wonga,just remember what go,'es up must come down,being a visitor to los it's getting on my tits paying London prices,the pattaya bars it would appear too,mate of mines just come back and said it's like a ghost town. Link to comment Share on other sites More sharing options...
potless Posted December 5, 2019 Share Posted December 5, 2019 3 minutes ago, kingdong said: Up to you where you put your wonga,j I have to leave it in the bank for my visa extension. Anyway,I cant fit any more under the mattress Link to comment Share on other sites More sharing options...
kingdong Posted December 5, 2019 Share Posted December 5, 2019 2 minutes ago, potless said: I have to leave it in the bank for my visa extension. Anyway,I cant fit any more under the mattress Just make sure you don,t wet the bed Link to comment Share on other sites More sharing options...
kiwikeith Posted December 5, 2019 Share Posted December 5, 2019 16 hours ago, toofarnorth said: Today 39.5 - Quid , 'Its getting better all the time .' The time has come the walrus said, to pocket your loot and get to bed Link to comment Share on other sites More sharing options...
potless Posted December 5, 2019 Share Posted December 5, 2019 5 minutes ago, kingdong said: Just make sure you don,t wet the bed Liquid assets. Link to comment Share on other sites More sharing options...
spiekerjozef Posted December 5, 2019 Share Posted December 5, 2019 I am waiting for the day you get 39 pounds for 1 baht Link to comment Share on other sites More sharing options...
kiwikeith Posted December 5, 2019 Share Posted December 5, 2019 5 minutes ago, spiekerjozef said: I am waiting for the day you get 39 pounds for 1 baht to late, the big boys have got that , now they are in save face mode Link to comment Share on other sites More sharing options...
saengd Posted December 5, 2019 Share Posted December 5, 2019 26 minutes ago, potless said: I hope it doesnt crash. Thais lose their income, debts to the banks dont get repaid, banks get in trouble. I have money in the bank. Ouch. Thoughts anyone? The people who are saying the economy here will crash are the people who don't have any money and want a better exchange rate, either that or they're dreaming about visiting Thailand from a bedsit in Croydon. For all the moaning that's been taking place and for all the articles that have been published, the Thai economy is actually in fairly decent shape. Moody's has just upgraded the credit worthiness of three top Thai banks (unlike the UK where they're all being downgraded); exports have just come off an all time high of USD 22 bill per month and fallen to around 19 bill, a volume last seen three years ago; tourist numbers, Thailand's second string to its economic bow, continue to grow; foreign debt is extremely low, foreign currency reserves are extremely high. Your money in a Thai bank is very safe. Link to comment Share on other sites More sharing options...
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