The £1 is at 46 Baht again
The £1 is at 46 Baht again
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.60
33.6350 33.60 33.63 20 - 10 33.49 33.53 5 33.38 33.53 1 33.21 33.33 GBPUnited Kingdom
50
46.00
46.1520- 5 45.90 46.05 EUREuropean Union
500-100
39.25
39.3550-5 39.20 39.35 CHFSwitzerland
1000 - 10
36.15
36.30AUDAustralia
100 - 5
24.35
24.50
The Best Currency Exchange Rates | Super Rich Thailand
I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
Read more:
" Superrich "
The Best Currency Exchange Rates | Super Rich Thailand
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.79
33.8350 33.79 33.83 20 - 10 33.68 33.73 5 33.57 33.73 1 33.40 33.53
GBPUnited Kingdom
50
45.55
45.8020- 5 45.45 45.70
EUREuropean Union
500-100
39.35
39.4550-5 39.30 39.45
CHFSwitzerland
1000 - 10
36.30
36.40
AUDAustralia
100 - 5
24.40
24.50
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.87
33.9150 33.87 33.91 20 - 10 33.76 33.81 5 33.65 33.81 1 33.48 33.61
GBPUnited Kingdom
50
45.50
45.7020- 5 45.40 45.60
EUREuropean Union
500-100
39.25
39.3550-5 39.20 39.35
CHFSwitzerland
1000 - 10
36.20
36.35
AUDAustralia
100 - 5
24.30
24.40
The Best Currency Exchange Rates | Super Rich Thailand
^
It is what it is don't blame the messenger saying that i say everybody boycot Thailand and bring them to their knees especially the Ladies they look great when their on their knees
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.60
33.6550 33.60 33.65 20 - 10 33.49 33.55 5 33.38 33.55 1 33.21 33.35
GBPUnited Kingdom
50
45.20
45.4020- 5 45.10 45.30
EUREuropean Union
500-100
38.90
39.0550-5 38.85 39.05
CHFSwitzerland
1000 - 10
36.00
36.10
AUDAustralia
100 - 5
24.10
24.25
The Best Currency Exchange Rates | Super Rich Thailand
Well, yesterday's Thai Baht movements against the USD were interesting.
The Baht doesn't always move with fundamentals. My interest was piqued with those curious weekend bumps back in April. Since then I have had a feeling that there are small and rapid movements particularly at week ends or month ends. Yesterday, September 30th, was the end of the Thai government's financial year, a lot of books being closed, so would it make a difference?
In the morning the Baht continued its slide against the USD to 33.99 and I thought this might be a good time to transfer some beer tokens. I got fewer beer tokens than I expected and when I looked in the afternoon the Baht was on a bit of a charge. Some hours later it had gone to 33.61, which is a full 1% gain. That is a big change in half a day if you are playing with big money.
Was there any very positive news for the Thai economy or any very negative news for the USD? I didn't notice anything.
Maybe there is someone here more knowledgeable than I who can explain. Preferably someone who can explain what will happen rather than what did happen, then I can I can build on my beer token collection.
This opinion piece popped up when I was looking for articles, from yesterday's Bangkok Post.
I'll only post an excerpt, there is more at the Post's weblink.
Thai economy unlikely to rebound soon
Chartchai Parasuk Freelance economist
The tourism industry is no longer a secured source of income. In 2019, tourism income was 3 trillion baht, equivalent to 17.8% of GDP. One-third of that was from domestic travellers and two-thirds of income was from foreign tourists. If we should lose one-third of such income -- 1 trillion baht -- the money has to come from other sources like the manufacturing sector in order to maintain the size of the economy and Thai citizen's per capita income. Currently, the manufacturing sector generates about 4 trillion baht for GDP which means that the sector has to expand by 25% to replace the potential tourism income loss -- a monumental task for economic structural adjustment.
Government finance is not a small issue for Thailand and, in time, it will surely become a major stumbling block for economic development. A small economy cannot afford to run long-term fiscal deficit. In fiscal year 2020 and fiscal year 2021 (until July), the government borrowed over 2 trillion baht, about 13% of GDP, to cover its deficit. In fiscal year 2022, another 700 billion baht of fiscal deficit is planned. This is why the public debt to GDP level must be raised to 70% of GDP.
Many, including the Bank of Thailand, say that 70% to GDP of public debt is not high by international standards. I will not argue with them now. But when will we see a balanced budget in this country? How many more years will we have to tolerate fiscal deficit and keep adjusting the legal public debt to GDP ratio?
Know this. Ten years ago, household debt to GDP was merely 60.3% -- which was the international average. The figure has now jumped to 90.5% of GDP as of 2021. Once you start debt, you can't stop. It is more addictive than narcotics. For those looking for sunny days after the pandemic, think again.
Thai economy unlikely to rebound soon
" Superrich "
The Best Currency Exchange Rates | Super Rich Thailand
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.54
33.5950 33.54 33.59 20 - 10 33.43 33.49 5 33.32 33.49 1 33.15 33.29
GBPUnited Kingdom
50
45.40
45.5520- 5 45.30 45.45
EUREuropean Union
500-100
38.85
39.0050-5 38.80 39.00
CHFSwitzerland
1000 - 10
35.95
36.10
AUDAustralia
100 - 5
24.20
24.35
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.62
33.6750 33.62 33.67 20 - 10 33.51 33.57 5 33.40 33.57 1 33.23 33.37
GBPUnited Kingdom
50
45.50
45.6520- 5 45.40 45.55
EUREuropean Union
500-100
39.00
39.1050-5 38.95 39.10
CHFSwitzerland
1000 - 10
36.05
36.15
AUDAustralia
100 - 5
24.30
24.40
The Best Currency Exchange Rates | Super Rich Thailand
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USD
United States
100
33.72
33.7850 33.72 33.78 20 - 10 33.61 33.68 5 33.50 33.68 1 33.33 33.48
GBP
United Kingdom
50
45.85
45.9520- 5 45.75 45.85
EUR
European Union
500-100
39.10
39.2050-5 39.05 39.20
CHF
Switzerland
1000 - 10
36.35
36.45
AUD
Australia
100 - 5
24.40
24.50
The Best Currency Exchange Rates | Super Rich Thailand
" Superrich "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.82
33.8650 33.82 33.86 20 - 10 33.71 33.76 5 33.60 33.76 1 33.43 33.56
GBPUnited Kingdom
50
46.00
46.1020- 5 45.90 46.00
EUREuropean Union
500-100
39.15
39.2550-5 39.10 39.25
CHFSwitzerland
1000 - 10
36.30
36.45
AUDAustralia
100 - 5
24.45
24.60
The Best Currency Exchange Rates | Super Rich Thailand
" Superrich "
The Best Currency Exchange Rates | Super Rich Thailand
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
33.85
33.8950 33.85 33.89 20 - 10 33.74 33.79 5 33.63 33.79 1 33.46 33.59
GBPUnited Kingdom
50
46.05
46.1520- 5 45.95 46.05
EUREuropean Union
500-100
39.05
39.1550-5 39.00 39.15
CHFSwitzerland
1000 - 10
36.35
36.45
AUDAustralia
100 - 5
24.65
24.75
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