Well, another outstanding prediction from Butterfly when the pound stood at 63 to the Baht.
By contrast my prediction here:
https://teakdoor.com/business-finance...tml#post681702 (Thailand's Baht, Peso --- Decline)
...of a collapsing pound now seems to be the case. Pound now stands at 50.09 to the Baht. See:
BBC NEWS | Business | Market Data | Currencies | Sterling v Thai Baht
I expect it to open south of that Friday, with further falls after new year.
The question on all Brits lips here must be 'when will the Baht collapse'?
Last edited by bkkandrew; 31-12-2008 at 01:33 PM.

I'm not a Brit, so can I have a glass of wine, Tex?
I'm happy. I'm paid in greenbacks.
Its only just gone midday where you are Jettie!
Anyway, I can't talk, as I cracked open an agreeable Chataux Lafite at about 4.30pm as I was finished at work and the weather was to pissy to consider going out.
I hate being in the UK. At least my BKK flight departs in a couple of weeks.
Last edited by bkkandrew; 14-08-2008 at 12:55 AM.
I know you are so old all days mingle into one now, but note that my post was on the 14th August, two weeks hence would be the 28th and now we are on the 10th September, so I am happily ensconsed in BKK. No danger meeting me on the flight.
By the way - laptop? That's so 90's. (No - before you start - 1990's not 1890's)
^ you wouldn't know, it's all the same for you, troll![]()
^If you are waiting and watching for phase two of the meltdown, don't leave your seat Tex...
OK, I'll be waiting.
Nudge me if I happen to fall asleep.
^You dismissed phase one about 9-months ago. Do you want me to find you post?
It's called tired, old, worn out cliches we've all heard 1,000 times.
I recall suggesting it will be a blip on the historical radar in 10 years. Then adjusted it down to five. Your alarmist tendencies are just too OTT for me.You dismissed phase one about 9-months ago. Do you want me to find you post?
^Yep - and I have bookmarked it for posterity![]()

Tex is just joking (maybe?), but he is funny sometimes.
For me about the only small upshot is I get some $ income from overseas so at least that means a better exchange rate.
I hope for when I hit LOS in winter time things will swing up again.
Here's to hoping![]()

When it gets back to a reasonable level of 1.5-6, I'll start to buy property there again.
WHOOOOOOO HOOOOOOOO !!!!!!!!!!!
I get paid in USD, have got them sitting in an account waiting for the day the rate makes them worth changing. My company gave me the option of switching to sterling at the current rate 3 weeks ago. 0.504 or 1.984. Told them to stuff it. Why lock myself in at the bottom?
Spoke to my Dad, they think it'll go lower, I'll start thinking of cashing once it hit's $1.70, though I remember holidaying in the USA at $1.19 many years ago.
Thai Baht was 44 when I first came here, but it went down to 37.5 a few years later, and up as high as 93. Don't ever change sterling to THB so that one doesn't worry me.
Fall Sterling Fall!!
You missed out fat ugly beer swilling birds as well.As an accomplished Anglophile, I can assure you the pound's decline is due to very poor manners, retarded leaders, shit cars and general dumb ass disease. The precipitous decline has also been attributed to shit food and poor dental hygiene.

Well being a dollar a earner I feel for you guys not fun. I watched my my useable income drop roughly 30% over a two year period. It will come back, hang in there. I'm afraid we all have some rough times coming, but just like bad gas it will pass.
Last edited by ray23; 15-08-2008 at 03:47 PM.
I see it being at the upper end of that scale. For once a decent prediction from the Thai camp. It might even see 34.05 if we're lucky.Originally Posted by ray23
Anything above the 78 line on this chart should give us 34baht plus to the dollar![]()
linky

Bloomberg is already showing 33.81. What is pound doing against the baht?
^62.85. It slipped again against the Greenback to 1.857...![]()
^
I think the UK will do anything at present to avoid raising interest rates further as the banking sector is already on its knees without even more mortgage arrears and repossessions.
US rates are comparatively low and the Fed still has latitude to inrease them if necessary. The UK cannot do so without causing financial ruin and may be forced to reduce rates to avoid recession.
It looks as though the US is coming out of the banking crisis in better shape than the UK.
FWIW Alistair Darling is looking like he could be the worst Chancellor of the Exchequer in living memory. Certainly the only one I can recall who has had to reverse his own policies before delivering his first Budget. At least we know Northern Rock will survive the banking crisis, even if it has no customers left and everything else goes under.
I see fish. They are everywhere. They don't know they are fish.

A tad unfair.
Chap can only play the hand he has been dealt and it's hardly his fault that the deck is light and he is amongst company drinking the dregs up in the last chance saloon.
Hapless might be a more accurate term.
The real nigger in the woodpile is of course Blair whose stench of stale economic fart still permeates the air and taints all those buffoons without the sense to quit the crime scene that is now Britain.

Remember the Us was the first one in and most likely be the first one out.
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