Thread: Thai Baht Rates .

The £1 is still on the SLIPPERY SLOPE ,

^ a tad brave.... walking up to a money changers wearing a helmet

The GBP is only 5.5 baht more than the Euro , oh fook ,

^Not for long

Can not leav a massage with the green Snakie.
Go USD

Sorry AO

Oh my! turning marigolds into plums....

The £1 is still on the SLIPPERY SLOPE ,

^ Is that for 50 pound notes too?

Uk Brexit = Game Over

^ Those rates are shit. Do you own that fukkin kiosk Snakey?

At Superrich you can get:

35 baht USD

39.05 baht EUR

43.85 baht GBP

26.50 baht AUD

Given the current mid-market rate currently being quoted, as I type, is around 43.35 I rather think Superrich are being extraordinarily generous.
Certainly, anyone daft enough to exchange at a UK airport will be looking at 39 baht or even less.

My pessimistic guesstimate several months ago is unfortunately proving to be right on track, I'm sorry to say. Even the dimmest Tory nazi Brexiter will be struggling to defend sterling pegged at 1$ US.

But then, we are now living in the age of the moron so nothing would surprise me anymore.

is around 43.35 I rather think Superrich are being extraordinarily generous.

the baht has weakened somewhat over the past couple of days due to news about the monarchs health.

the value of the pound relative to more important currencies has not improved.

It was only 2 months ago that the IMF was saying the £ was still overvalued, this time last year it was said to be as much as 20% overvalued.

Originally Posted by taxexile

the baht has weakened somewhat over the past couple of days due to news about the monarchs health.

Because Thailand's remarkable "stability" is in jeopardy?

Looking at the trend the volatility of the £ is assured for the next year, at least, with lows hitting parity with the $ on the odd occasion looking increasingly likely. In truth, given it is only sentiment that is driving this depreciation ( most of the world thinks Brexit is fucking stupid) and not the actual trading losses that will ensue if there is a hard Brexit, the current falls are over-cooked and I can see the £ getting back to 1.30.
The £ has a chance of re-establishing itself provided the current lunacy of messrs Davis, Fox and Johnson is ditched for common sense and Britain keeps free movement and its tariff free status.

Anything less and then it's curtains for the next decade.

The seventies again is the future but when Labour returns to government, which they surely will do if the disaster of a hard Brexit is realised, then the blood will truly be on the floor.

The pound is in series of steps in between each stupid announcement. The next drop may not be until article 50 is announced in early 2017 so there's room for a small recovery before then. After that another drop to parity.