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What's your baht worth? Exchange rates on the street...


Painter

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39.00 on XE at the moment, so a bit over 38.80 at TT.

I was watching Sky News last night when they announced that Farage was standing his men down in all the constituencies the Conservatives won in 2017. Good news for an orderly Brexit, one would think, as well as minimising the risk of ending up with a Corbyn government. The Sky Fx ticker showed the pound up by almost a percentage point against the USD on the news, and 0.7% or 0.8% against the EUR. Yet the pound barely seemed to budge against the THB, and this morning it's up by maybe 15 satangs, or 0.4%.

It was the same thing yesterday, the economy grew by 0.4% in Q3 so avoided a technical recession. Great news, but did it boost the pound against the Baht? Not a chance. Yet even a whispered rumour of a recession a few months ago was enough to send Sterling tumbling.

It's going to take an awful lot of very good news indeed if the pound is ever going to get back above 40 Baht.

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37 minutes ago, Toy Boy said:

Yes, but why is it so strong, although the government won't shout it from the rooftops the Thai economy is in a bad way at the moment.

Thai bullshit and all that goes with it imo, they have currently lost 300 billion in lost exports so far this year i read but they still seem incapable of doing anything about it or they don't want to 😧  

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