Baht vs Major Currencies

[azza33]

(PogueMahone @ May 14 2008,06:59) Boo-hoo, boo-hoo, cry me a river here lads. See how you like it getting a platry 31 Baht to the dollar. Talk about taking it in the ass. Yep, I really feel for you, my heart goes out to you.

We are getting 30-31 for the AUD... its like Xmas on a stick...

[daveduke007]

I've noticed that now I would have got an extra 3 baht to the £ since I left last just over a week ago  

That would have been an extra 6,000 baht in my pocket  

[Monkey]

(daveduke007 @ Jun. 03 2008,12:58) That would have been an extra 6,000 baht in my pocket  

Surely you mean in a Ladyboy's pocket?

[daveduke007]

 Err Yes   , should have said in my "teeraks" pocket   

[Lefty]

Looking at the exchange rates today, 6-6, it sure looks like the baht is weakening at a steady pace. That should be a little help for the low season tourists to have a few more baht to spend, which in turn will put more back into the pockets of businesses around Pattaya and other tourist areas.

[daveduke007]

Whats a Euro?   I've heard a lot of people in my pub complaining about the rate for those who choose to Holiday in Europe

I'm just interested in the £ and    baht rates  

[Guest]

im getting 31 baht to $1 aud

[marshal]

i remember 2004 rates as 70b to the pound, i can also remember the first trip being 58b to the pound at the turn of the millenium, this shit happens. i,m starting to watch now, trying to decide best course of action with regards to changing money befor october? shall i wait and hope that the baht rises? i,m sure some of you guys are more switched on to what is likely to happen in the next three months?

[PigDogg]

"Holding all other factors constant", if the inflation increases in a particular country then its currency depreciates.

High inflation in Thailand right now mostly due to food and fuel. The question is whether or not the expected high inflation is already adequately factored into the current exchange rate.

Bank of Thailand may increase interest rates in July to help curb inflation which would then make the baht appreciate "holding all other factors constant". I'm sure the insiders are trading the baht ahead of the official announcements.

USD was strong against the baht this week.

It's midnight Saturday in Sodom by the Sea and I'm at my computer writing about FX. Sad.

I'm going out now!

Anyone know a website where I can check on dollar/baht futures?

[manarak]

dollar/baht is probably so thinly traded that there are no futures.
Maybe forwards?

[dummy_plug]

So whats the consensus gentlemen, should I be buying baht now?

[thaibound]

you could, but not nearly so much fun as spending them.

[marshal]

Has anyone changed any sterling to baht in los, in the last day or so?
Checked xe.com yesterday and they are giving a figure £1=66baht
Asked in thomas cook bureau exchange in uk and they are offering £1=62baht

Would be intersting to know what they are changing sterli g for in los?

[Snick]

Since there are no more currency controls, it should be the same everywhere

check, ( for USD )
http://www.bloomberg.com/markets/cur...urrencies.html

this is the bank rate, you should get close to this using a wire transfer or such. A money changer will typically take a few % (3% is common)

[katoeylover]

(marshal @ Jun. 28 2008,10:51) Has anyone changed any sterling to baht in los, in the last day or so?
Checked xe.com yesterday and they are giving a figure £1=66baht
Asked in thomas cook bureau exchange in uk and they are offering £1=62baht

Would be intersting to know what they are changing sterli g for in los?

You should never, ever buy baht in the UK. Change at Bkk airport if you need money for taxi's etc.

Todays rate (as per Bangkok Bank) is 65.45bt/£ compared with 61 here.

http://www.bangkokbank.com/Bangkok....tes.htm