Pound/Baht Fluctuation

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Pound/Baht Fluctuation

Post by Udon Map » August 19, 2018, 12:29 am

Here on a fixed income? Currency fluctuation affects YOU!

The Thai baht has traditionally been a strong currency, surprisingly even during the protests and occupation of a few years ago. But you may not realize just how strong, particularly if you're from the U.K.

The pound is at its lowest point against the baht in over ten years. In September, 2008, a pound got you around 63 baht. Right now, on August 18th, it will only get you 42.29, a drop of 32.9%, nearly a third. Even just this year, the pound's down almost 4%.

If you're here on a fixed income from the U.K., this means a very real increase in your cost of staying here.

Pound.png



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Re: Pound/Baht Fluctuation

Post by MusicalBars » August 19, 2018, 1:15 am

I can assure you admin every Brit understands just how the pound has fallen against the Baht I came in 2009 and by then it was at 52 to the pound has been upto 55 in 2015 then Brexit killed the value and the Baht seems to like to keep knocking us down when we are staying stable against other currencies the US had a dip upto 2014 then they threatend to pull all US business out of Thailand and the rate jumped immediatley anyhow as I said we know just how strong the Baht is against the pound

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Re: Pound/Baht Fluctuation

Post by joudon » August 19, 2018, 5:16 am

The pound fell after the vote leave announcement, then made a recovery. This short recovery was stopped when Carney lowered the base rate, to me for no good reason. Each time the pound recovers slightly ,it seems Carney talks gloom and doom and the pound drops again. Even when Carney raised the base rate last week or so, he accompanied it with another gloomy prediction which has hammered it again, Carnery is SUPPOSED to work for the BOE but I think he is still under instructions from his former employer, Goldman Sachs, part of the global banking cartel opposed to Brexit and determined to keep UK in the EU. QED.

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Re: Pound/Baht Fluctuation

Post by Bandung_Dero » August 19, 2018, 6:28 am

Unfortunately we humble expats can't do anything about market forces - or understand em for that matter. The AUD is also suffering against the THB, currently the lowest I have seen it since 2001.
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Re: Pound/Baht Fluctuation

Post by vincemunday » August 19, 2018, 6:33 am

Carney will go down in history as being one of the worst governors in history. In the run up to the referendum he made several dire predictions, not one of them came to fruition. Since the referendum he's made many more and has been consistently wrong. One of the prime functions of any director is to sell their company, to make it as attractive to investors as they can, Carney has done the complete opposite, he's talked down the economy and tried to deter overseas investment as much as he can. Of course, the governor doesn't set interest rates, it's decided by a panel but the rate rise was ill timed and was undoubtedly raised to appease Carney and the other remoaners in the group. It's incredible to think that someone can be as inept as Carney and keep their job, when I was in the City a trader who made consistent bad judgements would be fired in a heartbeat but his stance on Brexit suits appeaser May so he's safe for a while, thank heavens his contract ends soon.
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Re: Pound/Baht Fluctuation

Post by Chuchi » August 19, 2018, 12:08 pm

Udon Map wrote:
August 19, 2018, 12:29 am
Here on a fixed income? Currency fluctuation affects YOU!

The Thai baht has traditionally been a strong currency, surprisingly even during the protests and occupation of a few years ago. But you may not realize just how strong, particularly if you're from the U.K.

The pound is at its lowest point against the baht in over ten years. In September, 2008, a pound got you around 63 baht. Right now, on August 18th, it will only get you 42.29, a drop of 32.9%, nearly a third. Even just this year, the pound's down almost 4%.

If you're here on a fixed income from the U.K., this means a very real increase in your cost of staying here.


Pound.png
But you may not realize just how strong, particularly if you're from the U.K.(Admin quote)

How old do you think we are 6?

Even just this year, the pound's down almost 4%.(Admin quote)

Could you enlighten us on how you came to this figure,according to pounsterlinglive.com the average over the last 200 days is 43.6 a % change of -2.76 or are you being selective?

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Re: Pound/Baht Fluctuation

Post by GT93 » August 19, 2018, 12:21 pm

The New Zealand $ is also down badly against the baht. That's principally because we switched from a Tory to Labour government. I'm often sending money to Thailand and this really pisses me off.

Trump's current spat with Turkey has also introduced some more heebie jeebies into foreign exchange markets.

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Re: Pound/Baht Fluctuation

Post by Udon Map » August 19, 2018, 12:32 pm

Chuchi wrote:
August 19, 2018, 12:08 pm
Udon Map wrote:
August 19, 2018, 12:29 am
Even just this year, the pound's down almost 4%.
Could you enlighten us on how you came to this figure,according to pounsterlinglive.com the average over the last 200 days is 43.6 a % change of -2.76 or are you being selective?
Sure. I use www.xe.com for exchange rates. According to them, the pound closed at 43.94654 baht on January 1. Today, August 19, 2018, at 12:28 p.m. local Thailand time, the pound was at 42.29463 baht. That's a 3.759% decrease since January 1.

Today, August 19th, is day number 231, not 200.

If you want to limit the calculation to the last 200 days, that means that you start on January 31. The pound closed that day at 44.46059 baht. Using the rate from 12:28 p.m. today (42.29463), that's a 4.872% decrease.

Using data from www.poundsterlinglive.com, the pound closed at 44.459 baht on January 31, and is at 42.286 now, a 4.888% decrease.

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Re: Pound/Baht Fluctuation

Post by Chuchi » August 19, 2018, 12:41 pm

Udon Map wrote:
August 19, 2018, 12:32 pm
Chuchi wrote:
August 19, 2018, 12:08 pm
Udon Map wrote:
August 19, 2018, 12:29 am
Even just this year, the pound's down almost 4%.
Could you enlighten us on how you came to this figure,according to pounsterlinglive.com the average over the last 200 days is 43.6 a % change of -2.76 or are you being selective?
Sure. I use www.xe.com for exchange rates. According to them, the pound closed at 43.94654 baht on January 1. Today, August 19, 2018, at 12:28 p.m. local Thailand time, the pound was at 42.29463 baht. That's a 3.759% decrease since January 1.

Today, August 19th, is day number 231 day, not 200.

If you want to limit the calculation to the last 200 days, that means that you start on January 31. The pound closed that day at 44.46059 baht. Using the rate from 12:28 p.m. today (42.29463), that's a 4.872% decrease.
[/quot

Today, August 19th, is day number 231 day, not 200.


Oh for the love of god ,alright EUdon map carry on with your Anti Brexit threads their is a job waiting for you at Bloomberg Tv

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Re: Pound/Baht Fluctuation

Post by Udon Map » August 19, 2018, 12:47 pm

Chuchi wrote:
August 19, 2018, 12:41 pm
Oh for the love of god ,alright EUdon map carry on with your Anti Brexit threads their is a job waiting for you at Bloomberg Tv
Anti-Brexit? You have the wrong guy. I thought that the whole EU concept was flawed from the beginning.

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Re: Pound/Baht Fluctuation

Post by Chuchi » August 19, 2018, 1:18 pm

Brexit aside then

Using data from www.poundsterlinglive.com, the pound closed at 44.459 baht on January 31, and is at 42.286 now, a 4.888% decrease.(Admin)

Are you not using 2 fixed points above when I thought you was discussing average,wouldn’t you need to know when people are in receipt of their fixed incomes to discover their % loss.

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Re: Pound/Baht Fluctuation

Post by Udon Map » August 19, 2018, 1:22 pm

Chuchi wrote:
August 19, 2018, 1:18 pm
Are you not using 2 fixed points above when I thought you was discussing average,wouldn’t you need to know when people are in receipt of their fixed incomes to discover their % loss.
Yes, of course. Since I don't have that information, I just picked January 1 and today as indicators.

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Re: Pound/Baht Fluctuation

Post by Old Grumpy » August 19, 2018, 1:32 pm

For Gods sake, it is what it is on any given day, there's nothing we can do about it, get used to it, live with it and adjust your cloth to fit your pocket, or get out. No amount of discussion on here is going to change it, but we are still free in how we spend or save it, just thank your lucky stars, however low the pound goes we are all enjoying a better standard of living here than we darn well could back home , where ever that is.!
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Re: Pound/Baht Fluctuation

Post by dazzadazza » August 20, 2018, 4:30 pm

since my time here the pound has dropped a lot :-(
It is getting close to being half of what it was
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Re: Pound/Baht Fluctuation

Post by tamada » August 20, 2018, 4:44 pm

The messenger's taking a fair bit of flack today. The UK pension cheques must be due in.

Regarding the following, does anyone know of someone local being rumbled yet?

https://www.telegraph.co.uk/news/2018/0 ... overnment/

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Re: Pound/Baht Fluctuation

Post by Marcosteffano » August 20, 2018, 6:01 pm

I must be the only Brit who would love to see the pound drop even more.i could then sell up and go back to the uk.30b-£1 would be a dream for me.

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Re: Pound/Baht Fluctuation

Post by 747man » August 20, 2018, 7:26 pm

Marcosteffano wrote:
August 20, 2018, 6:01 pm
I must be the only Brit who would love to see the pound drop even more.i could then sell up and go back to the uk.30b-£1 would be a dream for me.
Well JUST Sell You're house at 30 Baht to the pound then, It Doesn't have to DROP Anymore for YOU to do that.....

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Re: Pound/Baht Fluctuation

Post by glalt » August 20, 2018, 8:22 pm

The UK pound has a much brighter future than the doomed Euro. One article I read advised those holding Euros to exchange them for pounds. I think the EU has sabotaged the pound as much as they possibly could. Punished the pound and the UK for Brexit.

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Re: Pound/Baht Fluctuation

Post by Marcosteffano » August 21, 2018, 7:53 am

747man wrote:
August 20, 2018, 7:26 pm
Marcosteffano wrote:
August 20, 2018, 6:01 pm
I must be the only Brit who would love to see the pound drop even more.i could then sell up and go back to the uk.30b-£1 would be a dream for me.
Well JUST Sell You're house at 30 Baht to the pound then, It Doesn't have to DROP Anymore for YOU to do that.....
I take it your not in the property business.
Ridiculous comment.i would have to ask nearly 2 million more.ill leave it until the baht gets stronger which would tempt me to move back thanks.

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Re: Pound/Baht Fluctuation

Post by 747man » August 21, 2018, 10:44 am

Marcosteffano wrote:
August 21, 2018, 7:53 am
747man wrote:
August 20, 2018, 7:26 pm
Marcosteffano wrote:
August 20, 2018, 6:01 pm
I must be the only Brit who would love to see the pound drop even more.i could then sell up and go back to the uk.30b-£1 would be a dream for me.
Well JUST Sell You're house at 30 Baht to the pound then, It Doesn't have to DROP Anymore for YOU to do that.....
I take it your not in the property business.
Ridiculous comment.i would have to ask nearly 2 million more.ill leave it until the baht gets stronger which would tempt me to move back thanks.
NO I'm NOT, But it was YOU Said that YOU Would be " Happy " with 30 Baht to the pound " RIDICULOUS COMMENT " But now you want the Baht to get STRONGER......Make you're mind up !!! [-X [-X [-X

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