Thai Baht Rates .

**cyrille** · 12-12-2018, 12:49 PM

Yeah the rate for GBP is not historically unusual at all.

The difference is that back in the day the baht was pegged to the dollar at about 23 baht to the $.

**jabir** · 12-12-2018, 03:53 PM

Originally Posted by ChalkyDee

Was 37 to the pound when I came here in Oct 1992.

£/45 in 1988.

**snakeeyes** · 12-12-2018, 10:06 PM

Thai Baht Rates .-ziiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii-jpg

**Jack meoff** · 12-12-2018, 10:20 PM

Ouch...

**headhunter** · 13-12-2018, 08:36 AM

whats in store for today?france news 24 at 5am.the pound had gone up against the dollar,euro,and one other,after may had won the vote to stay as PM.

**headhunter** · 13-12-2018, 09:53 AM

Originally Posted by headhunter

whats in store for today?france news 24 at 5am.the pound had gone up against the dollar,euro,and one other,after may had won the vote to stay as PM.

well I have just had a look at my.banks exchange rate for the GBP.
8.12am.=TT 40.76
9.33am=TT 40.72
super rich 41.30
seems to me banks are ripping us OFF.

**Dragonfly** · 13-12-2018, 10:50 AM

EUR is so fucked !!!

**snakeeyes** · 13-12-2018, 02:52 PM

^^^^
Jack it's gone up a wee bit

**YourDaddy** · 13-12-2018, 03:03 PM

Ruble still in the toilet. Kinda understand why Punty moved to Russia.

**headhunter** · 14-12-2018, 09:30 AM

looking this morning SCB.TT rates.
usa.32.59.
aud.23.08.
gbp.40.82.
euro 36.81.
danish k.4.92.
those numbers will twich a few bums/arses.

**jabir** · 14-12-2018, 02:52 PM

Originally Posted by headhunter

whats in store for today?france news 24 at 5am.the pound had gone up against the dollar,euro,and one other,after may had won the vote to stay as PM.

Went up 1% on the vote after dropping 2% in the days leading up to it. Net loss, but builds confidence that it is capable of rising.

**snakeeyes** · 15-12-2018, 04:40 AM

Jack it's gone down a wee bit

Thai Baht Rates .-zsssssssssssssssssssssss-jpg

**Chittychangchang** · 15-12-2018, 06:21 AM

Will we ever see 76baht to the GB£ again?
Halcyon days

**Switch** · 15-12-2018, 08:24 AM

The solution is to be linked to the USD at the moment. Even Trump hadn’t managed to completely fuck that up yet. All other countries are up and down like a whores keks.

If you are a retiree dependent on state and or government employees pension, you have little choice but to transfer funds into Thai Baht.

When you have to leave Thailand choose somewhere dependent on the USD. If Trump can’t fuck it up, no one can.

Happy banking.

**OhOh** · 15-12-2018, 11:14 PM

Originally Posted by jabir

Went up 1% on the vote after dropping 2% in the days leading up to it. Net loss, but builds confidence that it is capable of rising.

An article suggesting the BOE had it's hand on the tiller. Causing multiple drops. I'm sure they are an independent organisation.

The Bank Of England And The Manipulation Of Sterling

Thai Baht Rates .-queen-s-head-1-1420004-640x480

Thai Baht Rates .-queen-s-head-1-1420004-640x480

"...........
Next, let’s go back to the start of November 2015, when sterling was valued at $1.54. Steadily it began to fall as 2016 – the year of the referendum – approached. By the end of December it was $1.47. After falling to $1.38 at the end of February 2016 (a fall that was blamed on ‘Brexit related uncertainty‘), it then fluctuated in the $1.40 range up until the day of the vote.

On June 23rd – the day of the vote – sterling stood at $1.48. It’s value plummeted once the result of the referendum was confirmed. $1.48 became $1.36 in less than twenty four hours, a drop of over 8%. The pound remained highly volatile in the build up to the Monetary Policy Committee meeting at the Bank of England on August 4th (touching a low of $1.28 on July 11th).

After the day the bank lowered interest rates and pumped an extra £60 billion of new money into the financial system, sterling fell 1.65% to $1.31. Two months later, on October 11th, it was down to $1.20. It remained in the $1.20 range until May 18th, 2017.

Here we begin to see a correlation between the Bank of England’s actions and a further sustained fall in the value of the pound. As sterling traded in the $1.20s, inflation broke past the 2% target. A year after the 2016 rate cut and expansion of QE, inflation had risen by over 1.5%.

It was in September 2017, with inflation edging closer to 3%, that the Bank of England began telegraphing an imminent rise in interest rates. Sterling rebounded, touching $1.36 on September 18th. On November 2nd, the bank raised rates for the first time in a decade. Sterling was now firmly back in the $1.30 range, and broke past $1.40 on January 23rd 2018.

On April 17th, its value had reached a post referendum high of $1.43. It was here when BOE governor Mark Carney played down expectations of a interest rate hike in May. Sterling fell back below $1.40 and has so far not returned to this level. When the bank did raise rates in August, the pound remained weak following the BOE’s continued guidance that future rates would likely only be ‘gradual’ and to a ‘limited extent.’

Following the August rise, sterling fell back into the $1.20 range and has since been fluctuating between $1.26 and $1.32, with volatility being blamed on ‘Brexit related uncertainty‘ by the both the Bank of England and the financial press.

We have a situation now where despite the BOE having raised interest rates twice in twelve months, the value of sterling remains depressed. Whilst the media scapegoat the political uncertainty around Brexit as the cause of this, they have failed to recognise a wider trend at play. Communications from the Bank of England, and the words of its governor, Mark Carney, have had a direct impact on the pound. Managing expectations on the path of interest rates, along with stoking up the possibility of a ‘no deal‘ Brexit, has served to keep the currency volatile for an extended period of time."

https://www.zerohedge.com/news/2018-...ation-sterling

**jabir** · 16-12-2018, 07:24 PM

Originally Posted by Chittychangchang

Will we ever see 76baht to the GB£ again?
Halcyon days

Drinks on me if that ever happens!

**snakeeyes** · 17-12-2018, 08:51 PM

Thai Baht Rates .-zoooooooooooooooooooooo-jpg

**OhOh** · 17-12-2018, 09:37 PM

Originally Posted by jabir

Drinks on me if that ever happens!

Noted.

**jabir** · 18-12-2018, 09:33 AM

Well we managed to crack 41...ways to go yet.

**Seekingasylum** · 18-12-2018, 09:44 AM

Originally Posted by Chittychangchang

Will we ever see 76baht to the GB£ again?
Halcyon days

I should remind the Brexit loons that before the referendum the £ was around the 54 baht mark at a time when the IMF and OECD were agreed Britain was emerging well from the ravages of the bankster crash and Sterling was approaching near reserve currency status offering a viable safe haven alternative to the euro.

And now we are bordering on coon world status with the £ at 40 baht.

Fucking tragedy, really.

**OhOh** · 18-12-2018, 11:18 AM

^BOE actions.

**jabir** · 18-12-2018, 12:57 PM

deleted, wrong thread, reposted.

Um, turns out it was the right thread in response, but now lost in the ether, maybe future generations will pick up on it.

**snakeeyes** · 18-12-2018, 02:24 PM

Thai Baht Rates .-xssssssssssssssssssssssssssssss-jpg

**Jack meoff** · 19-12-2018, 12:11 AM

42 by next week will be te best I can hope for 2 B sure

**Pragmatic** · 19-12-2018, 08:40 AM

Originally Posted by Seekingasylum

Fucking tragedy, really.

Is there a 'Go Fund Me' site I can donate to to help 'TheGents' out? I've a spare room available if shit happens. I'm sure in a couple of years, once the fear of doom and gloom dies down, TheGents will return to his usual jovial self on the forum.

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