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  1. #1
    Thailand Expat

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    bank shows 52.7 to GBP when will it upturn????

    as above.............................(BIG Sigh)

  2. #2
    Hello World
    melvbot's Avatar
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    Dont hold your breath.

  3. #3
    Thailand Expat

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    which way, for it up turning or not??????

  4. #4
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    Now is the time to buy Sterling.

    Then wait for the Baht to crash. Doubt whether it will be a long wait.

  5. #5
    bkkandrew
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    As I said here:

    http://teakdoor.com/business-finance...tml#post651735 (Thailand's Baht, Peso --- Decline)

    The only way for Sterling is down, but the Baht will follow it on its way in due course...

  6. #6
    Thailand Expat

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    sterling is down across the board, so surely theres a bottom and a coming resurgence and obviously a juxtaposition against the badt that will mean a rise????? que????

    as long as it happens early next year...........im not too concerned!!!!!

  7. #7
    Thailand Expat

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    A bit more seriously your saying that the badt will crash with the sterling allowing for a higher rate? somewhere between a more reasonable 65 +!

    is there any difference between time scales with the pound going down, for the badt to match it like this? or do you mean that it will not hold but be pendulum swings of up and down?
    im hot its so hot today.......milk was a bad choice!

  8. #8
    bkkandrew
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    ^Correct. Tarisa talked about a baht devauation last week, so the time may be soon for a 5-10% initial baht decrease.

  9. #9
    Thailand Expat

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    but your saying that the pound will not recover any time soon?

    or for a long period of time?

    So what currency would be good to hold money in pound or dollars primarily for use in thailand but keeping overseas?

  10. #10
    ding ding ding
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    Quote Originally Posted by Thormaturge
    Now is the time to buy Sterling
    Agree, Im busy selling Thai assets so I can buy euro/sterling. In the up coming storm, theres no way the baht can hold up at these levels.

  11. #11
    bkkandrew
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    I intend to stash a lot into Aussie dollars after the recent falls. Just doing some research into the Aussie banking stability outlook prior to.

  12. #12
    bkkandrew
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    Back to Sterling - this chart shows why the downside is a long way down:

    http://teakdoor.com/us-domestic-issu...tml#post813881

  13. #13
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    Gone back up above 53 now. Woo bloody hoo.

  14. #14
    Thailand Expat

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    This is a bad piece of art isnt it?

    so what would your calculation for a bottom be, would you be saying more alength of time or a low like 45 badt to GBP ????????

  15. #15
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    Quote Originally Posted by Spin View Post
    Quote Originally Posted by Thormaturge
    Now is the time to buy Sterling
    Agree, Im busy selling Thai assets so I can buy euro/sterling. In the up coming storm, theres no way the baht can hold up at these levels.
    I wish I had your optimism on this one Spinner but I'm going half and half with my assets so at least if the crashes (possible) I won't be reemed when it comes to converting to baht.

  16. #16
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    may be under pressure but in relation to the baht exchange rate there's a crunch due also this end.

  17. #17
    Thailand Expat Bobcock's Avatar
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    The fall in sterling has done wonders for me. I changed a decent wedge of USD to Sterling last night. the rate is changing so fast I actually made 177 pound more over the length of a 30 minute phone conversation.

  18. #18
    bkkandrew
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    Quote Originally Posted by benlovesnuk View Post
    so what would your calculation for a bottom be, would you be saying more alength of time or a low like 45 badt to GBP ????????
    Sterling will continue to fall against most currencies, but the baht may catch up with falls of its own. The ration of falls depends entirely on when the baht begins (what I believe will be) a sharp fall of 10-15%, followed by long period of shallow depriciation. There is a good chance that the sharp initial fall may be within the next two weeks.

  19. #19
    Thailand Expat

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    hopefully that has started today!!!!!!!!!!

  20. #20
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    Quote Originally Posted by bkkandrew View Post
    Quote Originally Posted by benlovesnuk View Post
    so what would your calculation for a bottom be, would you be saying more alength of time or a low like 45 badt to GBP ????????
    Sterling will continue to fall against most currencies, but the baht may catch up with falls of its own. The ration of falls depends entirely on when the baht begins (what I believe will be) a sharp fall of 10-15%, followed by long period of shallow depriciation. There is a good chance that the sharp initial fall may be within the next two weeks.
    reading some data and adding to what some analysts have said on Bloomberg we could see the pound down to 1.25 - 1.35 against the dollar, the thai baht should fall, but will the fall be enough to counteract the sterling fall [ doubtfull ].

    unless you can afford to gamble and loose, i would just hang on to what you have got and let the money markets settle over the next six to twelve months.

    most stable cuurency will be the dollar for a year or two IMHO.

    a while ago i posted that the baht to sterling would be back at 65 by xmas, that was before i realised how much doo doo GB is in all import and nothing to export.

  21. #21
    Thailand Expat
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    That's what comes of relying on continuity of services that people don't need for a while.

    Still, their obligations are going to be severely strained, probably just what they need to get their act together, and on the bright side we may see a shakeup of the welfare state.

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