359 replies to this topic

[Phil Lander]

I just checked the rates . Its now 18 baht to the NZD . When I went in November it was 19 or 20 .
Hope things pick up soon.

[Brit]

Today is a frigging nightmare - 45 THB to UK Pound.

I was hoping for a bounce back first quarter - not continuing slide. Nightmare !!

[pro2000]

where are you getting 45 its 50.6 today at siam bank

[kliome]

I think Brit is looking at the rate available in the UK. It's certainly still just above 50 on the ground in LOS.

The trend (Pound to Baht) on the ground over the last 3 months was that it was slowly rising from 50 in mid Nov and hit about 54 at the end of the month before suddenly dropping down to 51 again a week later.

It slowly continued to drop, falling to about 48 over CHristmas :?, but rose again over the first week of the year and has sat at 50-51 for the last 10 days.

Lots of people had opinions as to what would haven over the next 6-12 months, most believing it would be into the 60s again within the year, but sadly in most cases it was the beer talking..

[Brit]

I think Brit is looking at the rate available in the UK. It's certainly still just above 50 on the ground in LOS.

The trend (Pound to Baht) on the ground over the last 3 months was that it was slowly rising from 50 in mid Nov and hit about 54 at the end of the month before suddenly dropping down to 51 again a week later.

It slowly continued to drop, falling to about 48 over CHristmas :?, but rose again over the first week of the year and has sat at 50-51 for the last 10 days.

Lots of people had opinions as to what would haven over the next 6-12 months, most believing it would be into the 60s again within the year, but sadly in most cases it was the beer talking..

Spot on Kliome - wandering through T5 at Heathrow after getting off my flight. Looked at the exchange booth and just about collapsed in a heap... As if the long flight and post LOS blues isnt enough London hits you with horrific exchange rates. Terrible !

[ericeric]

Fucking hell,it's dropping like a stone today.Checked on Bank of Ayudhyas website,pound is down to 47.9baht for cash and 48.56 for t/c's.Is this to do with the latest bail-out and RBS's massive losses?

[dixon cox]

Fucking hell,it's dropping like a stone today.Checked on Bank of Ayudhyas website,pound is down to 47.9baht for cash and 48.56 for t/c's.Is this to do with the latest bail-out and RBS's massive losses?

The historically low Bank of England rates (and they will likely go lower) and the massive debt Britain has/is accumulating makes the £Pound an incredibly poor investment for foreign currency.

To suggest that this Labour Government has fucked the country up financially is the understatement of our lifetime. Things will possibly never be the same again now this damage has been done.

http://business.time...icle5552136.ece

[Brit]

If it keeps going the way it is we'll need the LB's to send us Western Union chqs.

[Phil Lander]

I just checked the rates . Its now 18 baht to the NZD . When I went in November it was 19 or 20 .
Hope things pick up soon.

Below 18 now

Any word on Thailand devalueing the baht ? They wont have a tourist industry at this rate.

[dixon cox]

can and will the thai government devalue the baht, and have they done this before?

Yes they can.

During the Asian financial crisis back in 1997 the Baht was devalued.

With the current appalling exchange rate many expats will be reconsidering their positions and foreign investors will put any thoughts on hold until things take a reasonable improvement, at least.

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[ringspun]

It is worrying how little we get, I liked your sum dixon of how much you got last year and how much this year, it was a crazy difference!

Thing is if it keeps going like it is, it will be £50 ST and you can get that in Europe... ok not as hot girls of course, but still nearer and cheaper flights...

Be great if someone opened a C&D type club in Amsterdam and brought a load of thailands finest over :wink: