Pound/Baht Fluctuation

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Zidane
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Re: Pound/Baht Fluctuation

Post by Zidane » August 23, 2018, 11:33 am

by 747man » August 22, 2018, 12:55 pm
Just Do the Math, I'll accept YOUR Apology Later.....O.K.

Zidane wrote:
August 21, 2018, 4:17 pm
Hello Alan (747man),I hope you managed to get the problems with your debit card sorted out with the Bangkok Bank in Nong Khai ?
Now lets assume Marco's house is on the market at 6m baht.At 40 baht to the GBP that would net him 150,000 pounds sterling.
However,if the rate was 30 baht to the GBP he would get 200,000 pounds sterling....an increase of 50,000 quid....not to be sniffed at !
But to get 200,000 GBP at the rate of 40 baht Marco would have to up the price of his house sale to 8m baht....OK ??

Zidane wrote :
When he gets back to the UK he goes into the nearest bank and says "I've got 6m Thai baht in cash,what rate will you give me ?"
The bank clerk says "25 baht to the pound sterling,sir" (your figure OK) ......NOW,IF YOU CONVERT 6M BY 25 IT COMES TO 240,000 GBP......so useing your logic he is even better off not worse off !!!


Hello Alan (747man),I hope you are enjoying your new role as the Financial Advisor to expats in Udon Thani.....
I did the maths before and it looked OK to me.However,unlike you,I don't have 42 years of experience of dealing in the international currency market.
Could you tell me what the GBP Sterling amounts should be then and how you came to arrive at that figure.Thanks.
Just when I thought our chance had passed,you go and save the best for last.

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747man
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Re: Pound/Baht Fluctuation

Post by 747man » August 23, 2018, 1:44 pm

O.K As I Said before,I Did press the wrong number that was the BUYING Rate for Baht in the U.K,The Selling Rate would be more like 45/50Baht for every GBP He Wanted to BUY with THB.....

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TAXIfor7/11
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Re: Pound/Baht Fluctuation

Post by TAXIfor7/11 » August 23, 2018, 5:22 pm

M O N G

Marcosteffano
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Re: Pound/Baht Fluctuation

Post by Marcosteffano » August 23, 2018, 5:32 pm

747man wrote:
August 23, 2018, 1:44 pm
O.K As I Said before,I Did press the wrong number that was the BUYING Rate for Baht in the U.K,The Selling Rate would be more like 45/50Baht for every GBP He Wanted to BUY with THB.....
Listen,wether I say up,down or even side ways at 30b to the pound it all means the same thing.so gobbling off because your pension is shrinking and you mightn't have to go back and collect trolleys around a Tesco car park.

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Re: Pound/Baht Fluctuation

Post by Marcosteffano » August 23, 2018, 5:44 pm

tamada wrote:
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/
Yeah me,been told if I want it I have to fly back every two weeks to claim my £40 a week disability benefit.the reason being they get nearly half of it back in tax if I spend it in the uk.

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Re: Pound/Baht Fluctuation

Post by Udon Map » August 30, 2018, 11:40 am

Exchange.jpeg

Fund Inflows Trouble BOT Chief

By Wichit Chaitrong
From THE NATION

CENTRAL bank governor Veerathai Santiprabhob has expressed his concerns over short-term fund inflows of recent days that have strengthened the baht against the US dollar and the Chinese yuan.

Speaking to reporters on the sidelines of Thailand Focus forum yesterday, Veerathai said that he was worried about the short-term inflows over the past few days as they had been more pronounced than those seen by other countries in the region.

“The central bank has been closely monitoring short-term inflows and the movement of the baht. We feel uncomfortable that some investors have used Thailand to park their short-term funds,” the chief of the Bank of Thailand (BOT) said.

He said that measures such as a reduction in short-term bond issuance to counter inflows may be reconsidered later.
Asked about interest policy normalisation, Veerathai said that any rise in the policy rate would depend on updates to economic conditions. Inflation has started to move closer to target but it remains low, he said.

Growth in gross domestic product (GDP) in the first half of the year was relatively high at 4.8 per cent, but households are still cautious about spending due to their high debts.

The trade dispute between the United States and China poses a threat to Thailand’s economy, he said. Some Thai companies that have close links with manufacturers in China have felt the impact. However, other firms may benefit from the conflict as some US importers may turn to Thai products to avoid the higher tariffs on Chinese goods, Veerathai added.

Kobsidthi Silpachai, head of capital markets research at Kasikornbank, said that the baht moved lower against the US dollar yesterday, trading at around 32.72 to the greenback after Veerathai’s comments.

The baht also reached a near-six-year high against the yuan. A stronger currency would be bad for the tourism industry as one in three visitors came from China, Kobsidthi said.

Thailand is expected to have a current account surplus equivalent to 9.4% of GDP this year, after having reached 10.5% of GDP last year. Thailand's current account surplus ratio to GDP is the third highest after Singapore and Taiwan, making the baht attractive for investors, added Kobsidthi.

Meanwhile, Deputy Prime Minister Somkid Jatusripitak yesterday pledged that the Stock Exchange of Thailand (SET) would be a regional market for the so-called CLMVT subregion - Cambodia, Laos, Myanmar, Vietnam and Thailand - in the next few years.

Delivering his opening speech at the annual Thailand Focus forum yesterday, Somkid said that over the past four years the SET’s market capitalisation had increased by US $120 billion. This led to a market capitalisation of up to $500 billion, or 116 per cent of GDP.

At the forum, he told the fund managers who were visiting from around the world that the SET Index is trading, on average, at around 1,700 points - boosted by strong listed companies.

“The SET is set to link with exchanges in Hong Kong and Shanghai and will also link with capital markets in CLMV countries. And within a few years, the SET could be the hub for the CLMVT region,” said Somkid.

Many Thai firms have become stronger after emerging from the 1997 Asian financial crisis and were not affected by 2008 global financial crisis, he said. Thai firms now also make direct investments in other countries.

The economy has also been returning to a growth path after the political stability of the past four years, said Somkid.
Against this backdrop, Thailand’s economy has a bright future, according to Somkid.

Foreign direct investment in the Eastern Economic Corridor (EEC) over that past two years was $670 billion, he said.
Large numbers of Japanese and Chinese investors had visited the EEC recently as they were interested in investing in the zone, he added.

The SET said that 161 fund mangers attended the Thailand Focus conference this year, along with executives from 115 Thai listed firms with a combined market capitalisation of Bt 13.65 trillion. By market capitalisation, this corporate turnout at the event represented 78 per cent of the market.

Courtesy of The Nation/Nation Multimedia
http://www.nationmultimedia.com/detail/Economy/30353270

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tamada
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Re: Pound/Baht Fluctuation

Post by tamada » August 30, 2018, 6:47 pm

baht_pound_forex.jpg
Merci Msrs. Macron et Barnier, merci...

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stattointhailand
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Re: Pound/Baht Fluctuation

Post by stattointhailand » September 13, 2018, 2:36 pm

Well at least we have Something to be thankful for ......

The cost of Consular letters (confirming pension etc) has been REDUCED from B2300 to B2200 from 1/9/2018

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747man
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Re: Pound/Baht Fluctuation

Post by 747man » September 13, 2018, 4:04 pm

stattointhailand wrote:
September 13, 2018, 2:36 pm
Well at least we have Something to be thankful for ......

The cost of Consular letters (confirming pension etc) has been REDUCED from B2300 to B2200 from 1/9/2018
Wow !!

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Brian Davis
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Re: Pound/Baht Fluctuation

Post by Brian Davis » September 13, 2018, 5:27 pm

stattointhailand wrote:
September 13, 2018, 2:36 pm
Well at least we have Something to be thankful for ......

The cost of Consular letters (confirming pension etc) has been REDUCED from B2300 to B2200 from 1/9/2018
A real bonus might be for the Embassy to make a substantial reduction for repeat customers when, usually, the information remains exactly the same, bar perhaps a small change in pension amounts. Then, I might also hope that Immigration might bother to check their files/computer record and decide that it wasn't really necessary to ask an applicant to submit the same bulk paperwork, bring same witness, photos etc - in my case it's been 10 years with this wife.
I'm also hoping to win 1st prize in the lottery. :lol:

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tamada
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Re: Pound/Baht Fluctuation

Post by tamada » September 13, 2018, 9:38 pm

GBP_THB Chart30-06.jpg
Last week
and
GBP_THB Chart06-12.jpg
This week

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tamada
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Re: Pound/Baht Fluctuation

Post by tamada » September 22, 2018, 10:36 am

GBP_THB Chart15-22.jpg
Oh well...

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vidmaster
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Re: Pound/Baht Fluctuation

Post by vidmaster » September 22, 2018, 11:06 am

Flucked again😩😩😩😩

yartims
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Re: Pound/Baht Fluctuation

Post by yartims » September 22, 2018, 2:39 pm

george soros and blair are busy raking it in again..its what they wanted

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