at
www.oanda.com you can check the history of the EUR to THB. Just select history at the left bar and enter EUR in the first column and THB in the second. There you can see that the EUR is going down since April, I think.
The cause is, that the THB is linked very closely to the USD, therefore any change of EUR against USD will affect the currency. And it was never as bad as now the last 10 month. I was sending some money to Thailand just after tsumani and got about 0,53 for it. It was going down in February, then up again and is now at 0,49
What is the cause.
Europe has some problems now : The political development has been stalled after the plebiscite in France. The net payers like Germany and France have big financial problems.
The US figures have been more healthy than in Europe for the last quarter.
Therefore what can we bet on this ?
I do not think that the exchange rate will change a lot during the next 4 weeks. All currency dealers will now bet against the EUR. When the EUR stays week at end of June (end of quarter) they have enough money to extend their bet for the next quarter, otherwise the EUR will go up.
Therefore you can do the following
You can buy some futures on the Thai Baht or USD for the end of the year
and change your money against this. Your bank should be able to help you
by this transaction. When the EUR is going up against, as is expected after
the EC has solved its problems, you can sell your futures with a profit.
On the other hand you have to keep some deadlines now.
I send money normally with SWIFT to BangkokBank, that means 3 banking days of transfer time. European Banking Costs should be about 50-100 EUR (based on 60K), foreign bank expenses ARE TO BE PAID by foreign bank, this is a flat value of 1000 Baht per transaction at Bangkok Bank, as far as I know.