Baht going down ??
Aug 27th 2013, 6:39 pm
#1
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Baht going down ??
It's been high for so long and now it seems that maybe over the past few months we've turned a corner and it's going down . Nearly 50 to the GBP on XECC at the moment . Personally I'm hoping it continues because I'm going to be converting a lot next year . Any thoughts anyone ?
Aug 28th 2013, 1:46 pm
#2
...............
Joined: Feb 2009
Location: Far North Queensland
Posts: 17,625
Re: Baht going down ??
Asian currencies are taking a battering at the moment. Who knows if it will continue. Indian rupee is dropping like a stone. And Sterling is strengthening....who'd have thought it.
Aug 28th 2013, 1:58 pm
#3
Forum Regular
Joined: Dec 2012
Posts: 129
Re: Baht going down ??
The Thai baht is weak at the moment for various reasons, but overall it is quite normal when you look at the 5-year trend. In the middle of the year, baht is quite soft and it is time for us to change some money and visit the country. Then by the end of the year, as predicted, it will become slightly strong again which is not good for money exchange. Anyway, with you riyals picked with US$, i.e. SR 3.75/$, you might be happy now.
Aug 30th 2013, 12:10 pm
#4
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Re: Baht going down ??
The Thai baht is weak at the moment for various reasons, but overall it is quite normal when you look at the 5-year trend. In the middle of the year, baht is quite soft and it is time for us to change some money and visit the country. Then by the end of the year, as predicted, it will become slightly strong again which is not good for money exchange. Anyway, with you riyals picked with US$, i.e. SR 3.75/$, you might be happy now.
Sep 3rd 2013, 11:08 am
#5
Forum Regular
Joined: Jan 2013
Posts: 52
Re: Baht going down ??
When I was in Thailand in 2010 it was 1 pound to 43 or 45 Thai Baht, and have seen rates now at 1 pound to 50 Baht. Going to keep an eye on it and see if it continues.
Sep 5th 2013, 7:08 pm
#6
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Re: Baht going down ??
8.61 and falling.
Sep 23rd 2013, 5:51 pm
#7
Banned
Joined: Sep 2013
Posts: 103
Re: Baht going down ??
It's been high for so long and now it seems that maybe over the past few months we've turned a corner and it's going down . Nearly 50 to the GBP on XECC at the moment . Personally I'm hoping it continues because I'm going to be converting a lot next year . Any thoughts anyone ?
Oct 6th 2013, 6:19 pm
#9
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Re: Baht going down ??
starting to think you're cyberstalking me !
Oct 6th 2013, 6:21 pm
#10
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Re: Baht going down ??
For someone who seems to hate teachers with a passion , you do seem to know an awful lot about them . Is there something you're not telling us ??
Oct 15th 2013, 9:25 pm
#11
Forum Regular
Joined: Oct 2013
Location: Bangkok
Posts: 53
Re: Baht going down ??
Basically, since the big floods in 2011, the governments made a few mistakes money-wise. (If you do a search on the rice pledging scheme for instance).
They're trying to get parliamentary approval for a huge infrastructure loan that would essentially bankrupt the country for a few years. If that goes through, and then the usual skimming on the contracts takes place, the baht could drop like 1997.
They're trying to get parliamentary approval for a huge infrastructure loan that would essentially bankrupt the country for a few years. If that goes through, and then the usual skimming on the contracts takes place, the baht could drop like 1997.
Oct 18th 2013, 9:33 am
#12
Thread Starter
Joined: Feb 2010
Location: Buraydah , Saudi Arabia
Posts: 2,863
Re: Baht going down ??
so will the 'Teflon' economy finally come unstuck ?
