Thread: Thai Baht Rates .

I was wrong about Brexit
Il give a spare bedroom to a fuckin Romanian
This is Gona hurt everyone
I hope the gent is wrong but he has a good argument there
Ouch

^ Blind Billy with two farthings to rub together could see this coming...

Like teaching calculus to kids that can't fooking add up.

^Wow wish I was as clever as you Troy I'd be on an obscure forum showing everyone how fantastically clever I was
Wind ye kneck in ye tit
It was 42b for 4 months when I was building my house
A couple of years ago
Did you see that as well?

^
It was never 42 Baht so stop telling lies , I'm the Baht man and I don't play cricket ,

What was then mate
I was building the house and we was getting just over 13000b for £300
I nearly stopped the build
I may have to google this
I was getting it out daily with my card

^
Sorry , strong words from me but as far as I know this is the first time it's gone below 48 baht I could be wrong ,

Originally Posted by snakeeyes

It was never 42 Baht

will be soon though
harharhar

I was wrong the pound went to 43.6baht
20/04/2013
Not far off it now
Ah well won't be buying another motorbike this year
It's going to be interesting
I actually feel sorry for the older dudes on a small pension

Yesterday

^
Bit of a rip off those rates.
Avoid Kasikorn

What's the best bank to withdraw from with my card guys
I'm back over next week and taking the kids in holiday

^Northern Rock

Originally Posted by snakeeyes

^
Sorry , strong words from me but as far as I know this is the first time it's gone below 48 baht I could be wrong ,

Here is a chart for GBP/THB rates for the last 5 years.


XE.com - GBP/THB Chart

In terms of baht, the worst month for £ was circa May 2013, the apogee of Yingluck's reign, when the charade of a booming Thai economy was at its peak and the withdrawal of septic QE had yet to make its impact. I recall the street rate hit 43 baht then but it was more a case of the baht strengthening against most currencies due to massive inflows rather than a falling pound.

Originally Posted by jimbobs

What's the best bank to withdraw from with my card guys
I'm back over next week and taking the kids in holiday

Take cash, change it at any Super Rich shop. -- Best rates.
Now take the baht to Bangkok bank and open an account and withdraw via ATM's.

Have a great holiday, if you get back in Sep/Oct I will be there.

Originally Posted by Iceman123

Take cash, change it at any Super Rich shop. -

Their Radjadamri and Silom branches give the better rates

The Pound is still on the slippery slope

Bank could cut interest rates to 0.25% next week in bid to prop up UK's slowing economy after Brexit vote

Some economists said it is probable rates will be cut to 0.25% on Thursday
Bank could also extend its Funding for Lending Scheme and return to QE
IMF slashes eurozone growth forecasts amid growing uncertainty

A plunge in consumer confidence and evidence that the economy is in for a sharp slowdown after the UK’s decision to leave the EU has raised expectations that the Bank of England will cut interest rates to a new low next week.
Bank governor Mark Carney said earlier this week there was a prospect of a ‘material slowing’ of the UK economy after Brexit and strongly hinted that rates will be cut this summer in a bid to give it a boost.
Some economists have said it is ‘now probable’ rates will be cut to 0.25 per cent next Thursday, when the Bank’s monetary policy committee complete their monthly meeting.

Ben Brettell, senior economist at Hargeaves Lansdown, said: ‘Following on from Mark Carney’s strong hint last week that rates will be cut this summer, financial markets are now pricing in a 78 per cent chance that this will happen next Thursday.
‘Initially August had looked more likely, but with economic data deteriorating and markets still nervous, it now looks probable the MPC will adjudge that immediate action is warranted.’

Economist Howard Archer of IHS Global Insight said the Bank was likely to cut rates in July or August.
‘How much stimulus the Bank of England delivers on Thursday is clouded by the fact that Mr Carney has indicated that the July and August MPC meetings should be seen as a package that will likely deliver stimulus,’ he said.
IMF slashes eurozone growth forecasts
The International Monetary Fund has slashed its growth forecast for the eurozone economies in the wake of Britain's decision to leave the EU.
It said it now expects the single currency bloc to grow by 1.6 per cent this year and by 1.4 per cent in 2017 instead of 1.7 per cent for both years as forecast before the referendum.
The downgrade comes in the face of falling exports to Britain and increased uncertainty and market volatility.
Mahmood Pradhan, the deputy director of the IMF's European department, said: 'This is our very early thinking and assessment.
'It's very, very early days to have any strong sense of confidence" about how the UK-EU relationship will work out.'
He said they had ‘serious doubts’ that the Bank will take interest rates any lower than 0.25 per cent and that negative interest rates were ‘highly unlikely’.
A cut in the base rate would be good news for borrowers, but spell further misery for long-suffering savers. It would also cause the pound to fall further.
Archer added: ‘We also suspect that the Bank of England will extend its Funding for Lending Scheme and it may very well also return to Quantitative Easing, which has been on hold since November 2012 with the stock of purchases at £375 billion.’
The Bank has unveiled a series of measures to help limit the impact of Brexit.
It relaxed restrictions imposed on banks in a bid to boost lending in Britain's economy, reducing the amount of money banks are required to hold by £5.7billion.
It also pledged to pump in at least £250billion if needed to calm markets in the immediate aftermath of the Brexit decision

The weakening of the UK economy following the country’s vote to leave the EU has caused the Bank to reconsider its plan for interest rates, after it had said just last summer that it was looking to raise rates ‘around the turn of the year’.
Recent surveys have pointed to a marked slowdown in all sectors of the economy, from the dominant services sector to the construction industry.

The latest Markit survey has showed growth in the services sector at its weakest since the first quarter of 2013, with the outlook for the year ahead the darkest since December 2012.
Service sector firms said uncertainty linked to the EU referendum had weighed on workloads, as well as incoming new business.
Meanwhile, growth in the UK's construction sector slumped to its slowest for seven years, according to a separate survey by Markit

The gloomy data sent the pound to a 31-year low against the US dollar this week and, despite having recovered since, some economists have said it could slump further unless the UK government acts fast to draw out a post-Brexit plan.
The falling pound and gloomy economic news have dragged consumer confidence down as more Britons expect the economy to worsen and inflation to go up.
Consumer sentiment fell at the fastest pace in more than 20 years since the Brexit vote, according to market research firm GfK.

Bank of England may cut interest rates in bid to prop up UK's slowing economy after Brexit vote | This is Money

The rebound has started. Or the decline has stopped, for the moment.

XE.com - GBP/THB Chart

^
Still on the slippery slope ,

It will take a few days for the gouging to stop.

Restoring government in the UK will put a temporary halt to the slide. The next big drop will be when they formally institute exit proceedings, probably late summer.

Originally Posted by Begbie

Restoring government in the UK will put a temporary halt to the slide. The next big drop will be when they formally institute exit proceedings, probably late summer.

The eternal optimist eh

Originally Posted by piwanoi

Originally Posted by Begbie

Restoring government in the UK will put a temporary halt to the slide. The next big drop will be when they formally institute exit proceedings, probably late summer.

The eternal optimist eh

Realist. You cant expect the pound to rise while the government dismantles the economy.

Of course there's a bright new dawn just around the corner and tomorrow belongs to us.

Originally Posted by Begbie

Restoring government in the UK will put a temporary halt to the slide. The next big drop will be when they formally institute exit proceedings, probably late summer.

Correct. The roller coaster shall begin once the exit proceedings are brought into play.
The trend will ultimately be down or flat at best for a couple of years.