john luke Posted June 21, 2021 Share Posted June 21, 2021 Link to comment Share on other sites More sharing options...
Krapow Posted June 21, 2021 Share Posted June 21, 2021 Back to the important stuff ... Link to comment Share on other sites More sharing options...
Pumpuynarak Posted June 22, 2021 Share Posted June 22, 2021 Back over 44 on Wise this morning 👍 2 2 Link to comment Share on other sites More sharing options...
simon Posted June 22, 2021 Share Posted June 22, 2021 5 years ago today the baht was around 54, after the announcement of leaving the EU it fell through the ground & hasn’t recovered since. The Uk has now left the EU but nothing seems to be changing including the baht. SAID STATE OF AFFAIRS. Link to comment Share on other sites More sharing options...
Stillearly Posted June 22, 2021 Share Posted June 22, 2021 (edited) . Edited June 22, 2021 by Stillearly Link to comment Share on other sites More sharing options...
Butch Posted June 26, 2021 Share Posted June 26, 2021 On 6/22/2021 at 8:08 PM, simon said: 5 years ago today the baht was around 54, after the announcement of leaving the EU it fell through the ground & hasn’t recovered since. The Uk has now left the EU but nothing seems to be changing including the baht. SAID STATE OF AFFAIRS. It's mostly the strength of the baht, combined with some weakness of Sterling and historically low interest rates here in the UK. The USD isn't faring too well against it either. In fact, looking at the charts there are not many currencies that have strengthened against the THB in the last 5 years. Also, don't forget there was a Coup in 2014 and there have been allegations of an artificially inflated value to the THB as well. The Euro has retained some parity when you compare 23/6/21 with 23/6/16, but it has been a rocky road to get there. fingers crossed that we will continue to see an improvement. 1 Link to comment Share on other sites More sharing options...
Fat Prophet Posted July 5, 2021 Share Posted July 5, 2021 On 6/26/2021 at 7:07 PM, Butch said: It's mostly the strength of the baht,... fingers crossed that we will continue to see an improvement. As I look around, I really am at a loss to see why the Baht has remained strong, although the last week as brought some weakness to the Baht against the US Dollar. The Thai governments approach to the Corona virus problem has been to shut everything, and that continues. There is no vaccine. They have ruined lives and destroyed businesses in unmeasurable quantities for questionable benefits. I expected a mass revolt long before this. But exchange rates and changes in them are based on relative economic changes, and the Thai government, as poor as their actions have been, has done about as well as the idiots running the US government and the Federal Reserve. Who will be the bigger/biggest fool remains to be seen. But anyone holding large quantities of US Dollars should, I think, be very worried at this moment. I am not a "gold bug" but moving into something with "real value" is/should be a high priority. If the US Dollar hits 33 Baht, I will be strongly encouraged to hold more (a lot more) Baht and a lot less Dollars. Let's hope ..... 1 Link to comment Share on other sites More sharing options...
Pumpuynarak Posted July 5, 2021 Share Posted July 5, 2021 (edited) 44.48 - GBP on Wise just a mo ago, come on you beauty..... Edited July 5, 2021 by Pumpuynarak Link to comment Share on other sites More sharing options...
Painter Posted July 5, 2021 Author Share Posted July 5, 2021 14 minutes ago, Pumpuynarak said: 41.48 - GBP on Wise just a mo ago, come on you beauty..... 41.48..... I hope that is a typo, and you mean 44.48..... 1 Link to comment Share on other sites More sharing options...
Pumpuynarak Posted July 5, 2021 Share Posted July 5, 2021 6 minutes ago, Painter said: 41.48..... I hope that is a typo, and you mean 44.48..... It is a tad early for this retiree lol, my post has been duly edited, thanks. 1 Link to comment Share on other sites More sharing options...
john luke Posted July 7, 2021 Share Posted July 7, 2021 1 Link to comment Share on other sites More sharing options...
Yessongs Posted July 7, 2021 Share Posted July 7, 2021 On 7/4/2021 at 10:08 PM, Fat Prophet said: As I look around, I really am at a loss to see why the Baht has remained strong, although the last week as brought some weakness to the Baht against the US Dollar. The Thai governments approach to the Corona virus problem has been to shut everything, and that continues. There is no vaccine. They have ruined lives and destroyed businesses in unmeasurable quantities for questionable benefits. I expected a mass revolt long before this. But exchange rates and changes in them are based on relative economic changes, and the Thai government, as poor as their actions have been, has done about as well as the idiots running the US government and the Federal Reserve. Who will be the bigger/biggest fool remains to be seen. But anyone holding large quantities of US Dollars should, I think, be very worried at this moment. I am not a "gold bug" but moving into something with "real value" is/should be a high priority. If the US Dollar hits 33 Baht, I will be strongly encouraged to hold more (a lot more) Baht and a lot less Dollars. Let's hope ..... Along your same lines, was talking to wifey abut this last night. 32 Baht for $1 USA, was thinking about transferring money to our account back there. Back in Jan 2016 a week before I arrived there, got 35 Baht for $1 USA for the $100k I transferred over there. Probably not ever going to get back to that level again. Always a crap shoot with these things. Link to comment Share on other sites More sharing options...
Krapow Posted July 7, 2021 Share Posted July 7, 2021 5 hours ago, john luke said: I had said a while ago it would be at least 45 by the time tourist's can get back again, then settle back around 50ish. Link to comment Share on other sites More sharing options...
Pumpuynarak Posted July 8, 2021 Share Posted July 8, 2021 13 hours ago, Krapow said: I had said a while ago it would be at least 45 by the time tourist's can get back again, then settle back around 50ish. 44.73 on wise just a mo ago 1 1 Link to comment Share on other sites More sharing options...
Derek Dangleberries Posted July 9, 2021 Share Posted July 9, 2021 19 hours ago, Pumpuynarak said: 44.73 on wise just a mo ago 44.95 just now ..... 1 Link to comment Share on other sites More sharing options...
Derek Dangleberries Posted July 9, 2021 Share Posted July 9, 2021 27 minutes ago, Derek Dangleberries said: 44.95 just now ..... 45 now ! Forty Forty Forty Fine ..ta neow ta neow ta neow ... 1 Link to comment Share on other sites More sharing options...
Fat Prophet Posted July 10, 2021 Share Posted July 10, 2021 On 7/7/2021 at 10:34 PM, Yessongs said: Along your same lines, was talking to wifey abut this last night. 32 Baht for $1 USA, was thinking about transferring money to our account back there. Back in Jan 2016 a week before I arrived there, got 35 Baht for $1 USA for the $100k I transferred over there. Probably not ever going to get back to that level again. Always a crap shoot with these things. The closing of BKK yesterday should diminish the hope of "reopening" Thailand to foreign tourists on the stated schedule. And it is absolutely incomprehensible that they would "reopen" Thailand to fully vaccinated foreign tourists when the government has not been able to provide vaccines to its own citizens in meaningful numbers -- they all should be arrested and charged with negligent homicide. Given this setback, I am expecting (hoping) that the Baht continues its slide towards 33 next week. Weekends tend to bring a slight adjustment against a movement in either direction. Anything above 34 is, I think not realistic, but where ever it is in October/November of 2021 is likely to be the best it is going to get, as the reckless expansion of the US money supply will have a strong negative effect on the value of the US $ against the Thai Baht (and all major currencies (unless their managers follow similar actions as the US government/Fed)). It is crap, but more, I think, than a "crap shoot". 1 1 Link to comment Share on other sites More sharing options...
Painter Posted July 10, 2021 Author Share Posted July 10, 2021 45.2158 on transferwise! 🙂 1 2 1 Link to comment Share on other sites More sharing options...
john luke Posted July 13, 2021 Share Posted July 13, 2021 Link to comment Share on other sites More sharing options...
Golfingboy Posted July 13, 2021 Share Posted July 13, 2021 I remember a certain day during my vacation in late 2009/early 2010 where 4 currencies were almost equal at around 31-32.....Swiss franc, CAD, USD, AUD...... Yup, the Aussies and Canucks haven’t fared very well since then Link to comment Share on other sites More sharing options...
thegrogmonster Posted July 13, 2021 Share Posted July 13, 2021 1 hour ago, Golfingboy said: I remember a certain day during my vacation in late 2009/early 2010 where 4 currencies were almost equal at around 31-32.....Swiss franc, CAD, USD, AUD...... Yup, the Aussies and Canucks haven’t fared very well since then Those were the days my friend 1 Link to comment Share on other sites More sharing options...
john luke Posted July 13, 2021 Share Posted July 13, 2021 1 Link to comment Share on other sites More sharing options...
Nightcrawler Posted July 13, 2021 Share Posted July 13, 2021 Thanks for the update JL I was reading a couple of long range forecasts suggesting that the Thai Baht to UK Pound could be 51 by December 2021. Whether that will happen or not, who knows but it is definitely heading upwards. Link to comment Share on other sites More sharing options...
Painter Posted July 13, 2021 Author Share Posted July 13, 2021 17 minutes ago, Nightcrawler said: Thanks for the update JL I was reading a couple of long range forecasts suggesting that the Thai Baht to UK Pound could be 51 by December 2021. Whether that will happen or not, who knows but it is definitely heading upwards. What? You mean 50 by Christmas? Where's @monkey_omelette when you need him? 🙂 1 4 Link to comment Share on other sites More sharing options...
john luke Posted July 16, 2021 Share Posted July 16, 2021 Link to comment Share on other sites More sharing options...
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