Zeb Posted November 20, 2020 Share Posted November 20, 2020 (edited) Thailand Moves to Cool Baht Rally That Threatens Pandemic Recovery Thailand will ease capital outflows to cool a currency rally that’s threatening to derail a rebound in exports and the economy’s recovery from the pandemic. “Following the U.S. elections and positive news on Covid-19 vaccine development, investors have turned toward investing in emerging markets, including Thailand,” the Bank of Thailand said in a statement Friday. The situation has “resulted in strengthening the baht quickly and can impact economic recovery.” Measures to stem the baht rally follow a central bank assessment earlier this week that the currency’s rapid gains may affect Thailand’s “fragile economic recovery.” The government also called on the Bank of Thailand to restrain the baht to protect exports. Baht's surge threatens to derail Thai exports recovery The baht has been the second-best performer in Asia this month after foreign investors turned net buyers of almost $2.4 billion of bonds and stocks as appetite returns for riskier emerging-market assets amid a weak dollar. The Thai currency had recently rallied more than 8% from this year’s low in April, hitting a 10-month high last week. With its borders closed to most visitors, Thailand is betting on trade to minimize the blow from the coronavirus pandemic. The government will focus on supporting exports, which have shown signs of revival, as its only source of external revenue, Finance Minister Arkhom Termpittayapaisith has said. https://www.bloomberg.com/news/articles/2020-11-20/thai-central-bank-to-ease-capital-outlflows-to-cool-baht-rally?srnd=markets-vp Edited November 20, 2020 by Zeb Link to comment Share on other sites More sharing options...
Blue Streak Posted November 20, 2020 Share Posted November 20, 2020 3 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 21, 2020 Share Posted November 21, 2020 For the weekend lads........ 2 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 23, 2020 Share Posted November 23, 2020 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 24, 2020 Share Posted November 24, 2020 3 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 25, 2020 Share Posted November 25, 2020 4 Link to comment Share on other sites More sharing options...
rhodie Posted November 25, 2020 Share Posted November 25, 2020 Just for comparison, I transferred AUD$3000 with Transferwise today and received 66,545 Baht into my account. An effective rate of 22.18. Link to comment Share on other sites More sharing options...
Blue Streak Posted November 26, 2020 Share Posted November 26, 2020 Beach Rd just before 18.00 hrs... Soi Buakhao just after 18.00 hrs... 2 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 27, 2020 Share Posted November 27, 2020 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted November 28, 2020 Share Posted November 28, 2020 For the weekend lads........ Link to comment Share on other sites More sharing options...
Blue Streak Posted November 30, 2020 Share Posted November 30, 2020 2 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 1, 2020 Share Posted December 1, 2020 2 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 2, 2020 Share Posted December 2, 2020 2 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 3, 2020 Share Posted December 3, 2020 Link to comment Share on other sites More sharing options...
Horizondave Posted December 3, 2020 Share Posted December 3, 2020 (edited) Just got 40.65 to the pound on Transferwise..... Edited December 3, 2020 by Horizondave Link to comment Share on other sites More sharing options...
Bazle Posted December 3, 2020 Share Posted December 3, 2020 47 minutes ago, Horizondave said: Just got 40.65 to the pound on Transferwise..... How much did you transfer, and what were the fees, please? Link to comment Share on other sites More sharing options...
Painter Posted December 3, 2020 Author Share Posted December 3, 2020 40 minutes ago, Bazle said: How much did you transfer, and what were the fees, please? Current transferwise rate is 40.7287 Send 100gbp, fees are 1.34 Send 500, fees are 3.37 Send 1000, fees are 5.91 1 1 Link to comment Share on other sites More sharing options...
Bazle Posted December 3, 2020 Share Posted December 3, 2020 1 hour ago, Painter said: Current transferwise rate is 40.7287 Send 100gbp, fees are 1.34 Send 500, fees are 3.37 Send 1000, fees are 5.91 Thanks. £5,000? £10,000? Link to comment Share on other sites More sharing options...
Horizondave Posted December 3, 2020 Share Posted December 3, 2020 2 hours ago, Bazle said: How much did you transfer, and what were the fees, please? Just £150 total including a £1.60 fee. Rate presently is 40.666 although rate fluctuates all day and has had a higher rate today. If you are sending large amounts such as above (£5000 etc) then the fees are higher, around £25. They have fast transfers charges which are higher. Too be honest you would do well just to go on their website and set up a sample exchange, don't need to be logged in to check rates etc. 1 Link to comment Share on other sites More sharing options...
Painter Posted December 3, 2020 Author Share Posted December 3, 2020 19 minutes ago, Bazle said: Thanks. £5,000? £10,000? 5000 = 26.21 10,000 = 51.58 1 1 Link to comment Share on other sites More sharing options...
Toy Boy Posted December 4, 2020 Share Posted December 4, 2020 The damn Baht's on steroids again. The pound's up at $1.35, but we're still only getting a smidgen over 40 Baht. Link to comment Share on other sites More sharing options...
Blue Streak Posted December 4, 2020 Share Posted December 4, 2020 1 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 5, 2020 Share Posted December 5, 2020 For the weekend chaps.... 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted December 7, 2020 Share Posted December 7, 2020 1 Link to comment Share on other sites More sharing options...
KhunDon Posted December 7, 2020 Share Posted December 7, 2020 6 hours ago, Blue Streak said: Against the £ it’s up and down like a butcher’s hook. 😟 Link to comment Share on other sites More sharing options...
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