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If the pound reaches 60 will be happy.
Indeed. From recollection, when I first moved here in 2007, it was circa 70. However, for the last few years, anything over 50 I've considered a bonus.Quote:
Originally Posted by Horatio Hornblower
Been a few hard years changing Pounds.
Hopefully happier times around the corner.
If I reach 60 I'll be happy too :england:
Baht has biggest monthly drop since 2001
The baht dropped this month by the most in more than 14 years after the government cut forecasts for growth and exports, spurring outflows from Thai equities as the US prepares to raise interest rates.
The currency fell 4.2% to 35.245 baht a dollar as of 4.15pm, the sharpest monthly loss since March 2001, Bloomberg-compiled data show. It declined 0.5% on Friday and earlier reached 35.280, the lowest level since May 2009
The economy is slowing as Prime Minister Prayut Chan-o-cha fails to spur a revival and as planned investment in infrastructure falls short of target. While overseas investors sold a net US$856 million of stocks this month as of Wednesday, the most since May 2014, an index of sovereign bonds rose, suggesting demand for the relative safety of debt.
“The baht has fallen in line with a strong dollar,” said Tsutomu Soma, department manager of the fixed-income business unit at Rakuten Securities Inc. in Tokyo. “Thai political uncertainties are also weighing on investor confidence.”
The government is under increasing pressure to overhaul the cabinet and bolster the economy as waning consumer confidence and a slump in manufacturing portend one of the region’s slowest expansions, according to analysts.
The economy may grow 3 in 2015, the Finance Ministry said on Tuesday, down from an April estimate of 3.7%. Exports have contracted for six straight months and a central bank report Friday showed they fell 8.9% last month from a year earlier.
Overseas shipments may drop in 2015 by more than the Bank of Thailand’s 1.5% forecast, senior director Roong Mallikamas said on Friday.
A Bloomberg index of Thai sovereign bonds gained 0.9% in July, halting a two-month drop. The three-year yield declined 17 basis points from June 30 to 1.6% and the 10-year yield fell 13 basis points to 2.83%.
Baht has biggest monthly drop since 2001 | Bangkok Post: business
Yeeeeeeeee's it look good, would look great at 45/usd
If the £ reaches 60 i will ring the bell once again.:)
BOE announced they were holding interest rates steady today, folk were expecting them to make a raise. The disappointment might cause a drop in Sterling. Corbyn being elected leader of the Labour party in September should also push the pound down.
You must be joking ! If the Labour Party elect Corbyn they will never win an election and the continuity of a Conservative government will only serve to increase the value of the pound against other currencies.Quote:
Originally Posted by Begbie
No more Labour governments is great news for the UK.
No they weren't. The governor has been saying for some time that a rate rise is likely in new year. One member out of nine voted for a rate rise.Quote:
Originally Posted by Begbie
shoulda gone to Super rich Snakey
Currency Exchange Rate | Super Rich Thailand
I admire your optimism, but it's all about perception. An actual scocialist Labour making all the right noises, add in the US interest rate rise comming in September. Then the lead up to the EU referendum next year. The pound looks kind of risky.
Labour party are a non event. Dead in the water but good for a laugh. As much as they would like to think they have any effect at all on anything. they are irrelevant.
Pinocchio , :)Quote:
Originally Posted by klong toey
Stroller takes it up the JACKSIE , :)
AUD is on the rise . :)
Ahh yes Double H so would we all, but remember 1997 when it was 90 and even spiked for a day at 97 !!Quote:
Originally Posted by Horatio Hornblower
To be fair its pretty quite around 11 am.
Quote:
Originally Posted by snakeeyesPinocchio , :)Quote:
Originally Posted by klong toey
Stroller takes it up the JACKSIE , :)
Feck i can't remember what happened 10 minutes ago.
Quote:
Originally Posted by piwanoi
Aud 25.8 :)
The government freed the market and floated the Baht.Quote:
Originally Posted by klong toey
Schizophrenic times.
Ahh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last:)Quote:
Originally Posted by thaimemeThe government freed the market and floated the Baht.Quote:
Originally Posted by klong toey
Schizophrenic times.
You'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......Quote:
Originally Posted by piwanoiAhh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last:)Quote:
Originally Posted by thaimemeThe government freed the market and floated the Baht.Quote:
Originally Posted by klong toey
Schizophrenic times.
Alzheimer is a terrible condition.:)Quote:
Originally Posted by thaimeme
The word going round at the time that he was in on it to , but to a lesser degree , but only cos he did'nt have the same amount of Dough that Chavalit and Thaksin had , of course I did not believe a word at the time cos all it was was Chavalits political opponents stirring the shit up :)Quote:
Originally Posted by thaimemeYou'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......Quote:
Originally Posted by piwanoiAhh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last:)Quote:
Originally Posted by thaimemeThe government freed the market and floated the Baht.Quote:
Originally Posted by klong toey
Schizophrenic times.
I forgot to add that it was a mere coincidence that the Baht went through the floor in July 97 and Thaksin was appointed Deputy PM in Aug the same year :).Quote:
Originally Posted by piwanoiThe word going round at the time that he was in on it to , but to a lesser degree , but only cos he did'nt have the same amount of Dough that Chavalit and Thaksin had , of course I did not believe a word at the time cos all it was was Chavalits political opponents stirring the shit up :)Quote:
Originally Posted by thaimemeYou'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......Quote:
Originally Posted by piwanoiAhh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last:)Quote:
Originally Posted by thaimemeThe government freed the market and floated the Baht.Quote:
Originally Posted by klong toey
Schizophrenic times.
Fingers crossed, with the Baht and Bangkok sinking and an uncertain transfer of power from the current status quo, there'll be some bargains to be had.
"education hub of ASEAN"! ...how on earth did Thailand manage to get so rich?!
The baht is sinking and Bangkok is sinking so everybody go to Myanmar , :)
Stroller & Stinky takes it up the JACKSIE , :)
Quite correct CAN123,remember the last real socialist Gov under Wilson and Callaghan when inflation reached 26.9% and you had to smuggle your money out of the Country if you wanted a decent holiday abroad with your family? , the IMF refusing to lend them any more money unless they had a wage freeze ,leading up to the union chaos in the Winter of discontent ,leading up to Labour getting wiped out in the GE , I would suggest that those who not aware of this simple fact read on:) https://en.wikipedia.org/wiki/Winter_of_DiscontentQuote:
Originally Posted by can123
I do remember getting a 20% pay increase circa 1982. :)
Which of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 % :)Quote:
Originally Posted by charleyboy
THB is weakening as the global economy seems to be trending towards a recession. The US Dow has dropped nearly 1000pts in a month. Also the THB took a hit due to the latest TIP report.
US keeps Thailand at Tier 3 | Bangkok Post: news
I personally think it will weaken to about 35.8 to 36 to 1 USD exchanging $100 notes.
I transacted a transfer at 35.21 Monday. Not bad being not to long ago the THB was bouncing off the low 29 high 28 mark. There is money to made buying and selling currencies right now.
Bearish market looming. Yesterday Dow fell 212 to close low 17,389 i believe. China market had a huge fall out as well.
Chinese have devalued the yuan over the last two days. The baht is following it down, as is the Aussie dollar.
Not quite. The inflation rate ensured interest rates were shockingly high compared to today but the benefit in relation to a mortgage was such that although the first year or two was crippling, three successive annual pay rises meant the devaluation of the loan in real terms too. Fine if you were in good, secure employment.Quote:
Originally Posted by piwanoiWhich of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 % :)Quote:
Originally Posted by charleyboy
Happy days really and the world felt a lot bigger.
Elysian days, indeed, and a man could buy as many sausages as he wished.Quote:
Originally Posted by Seekingasylum
Yes, of course a payrise in '82 would have been useless in '75. :rolleyes:Quote:
Originally Posted by piwanoiWhich of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 % :)Quote:
Originally Posted by charleyboy
MORON
:smileylaughing: