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#1
11-10-2005, 04:43
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Todays monday exchange rate in thailand £ to baht
Just checked the bangkok bank site and it has £1 = 70.03 bhat i sincerely hope that this is wrong my mate just came back 2 days ago and he say he was getting nearly 74 bhat to £1 is this the rate for overseas can anyone tell me the rate today in thailand
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ALFIE he would not give you a fright on a dark night ! 
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#2
11-10-2005, 04:50
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Maybe xe ain't so wrong after all.
  If your friend has been there a few weeks, then yes he would have got 74 baht to the pound, but the pound has fallen a bit against the dollar over the past couple of weeks. I think I'm correct in saying that the baht is generally tied to the dollar, so the pound has fallen against the baht as well. You say in another thread that it's been 4 years since you got less than 70 baht = £1. I was in Pats 3 yeras ago and I'm sure I only got about 66 - 67 baht to the £ (that was for travellers cheques). Where do you change your cash/atm?
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#3
11-10-2005, 04:59
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Talbotman
GEZ 70 bhat to pound is a shit rate i am only a normal working guy and i cant afford to lose 10.000 bhat off my money. if that is the rate during my stay then much as i love los it will be my last visit far better value for money in philipines. i have book to go there in may next year for 1st time the exchange rate and general prices hotels /beer/girls are amazingly low
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ALFIE he would not give you a fright on a dark night !
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#4
11-10-2005, 05:25
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Quote:
surely this is only circa 5% loss ....
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#6
11-10-2005, 05:52
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XE always shows slighly better rates than the actual ones you get here in Phuket (I guess that is how the banks/exchange boots earn their money)
And regarding the pound, I think it was just less than two years ago it was down to 62-64 baht, so 70 is not bad.
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#8
11-10-2005, 06:02
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Against the € it is better!
 Own fault, those from that Island in the Northsea always want to do things different! Kidding.....  Last edited by tintin : 11-10-2005 at 06:12.
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#9
11-10-2005, 08:13
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Quote:
I dont understand this post.. 70+ is a really high rate historically.. it was low 60's only a couple of years ago and it was 30's IIRC pre 97.. I havent followed the GBP / PI rates but if the pound is weaker in general it then weaker against in PI also..
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Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#10
11-10-2005, 15:42
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Talbotman
LIVINLOS the point i am trying to make is that when you are just a normal everyday working guy like me who works long hours for my few weeks in los (2 times a year ha ha ha) it comes as a shock when you are expecting 73 -74 bhat to the pound to find out that you are going to lose effectively 9 ,000 bhat off your spending power. It means that whereas i was coming in 14 days to have a carefree holiday i will now have to be slightly careful with my money,hopefully the rate will go up before i come if it is anywhere near 73 when i arrive i will imediately cassh in all my cheques and cash.
But dont worry although i can be a moaning bas tard 555555 sometimes i am sure i will still have a good time. and also i can remember the old times about 7 or 8 years ago when i first went to los and was getting 39 bhat to the pound before the big asian currency crash.
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ALFIE he would not give you a fright on a dark night !
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#11
11-10-2005, 15:54
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Just for the record I was getting 40 baht to the £ in 1993.
Anyways I'm in work at the momentand better do sum accounting, so here goes.... In order to ''lose'' 9000 at a difference in exchange of say 3 baht (75 - 72), you must spend 300,000 baht. This is £4,166.67 (at 72 baht) which for a 2 week stay is £297.62 per day. You say you are just a normal guy - LIL and IJ could not keep up with that level of spending
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#12
11-10-2005, 16:05
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Did this this morning so may as well repost..
Only last month 05/09/5005 = 75.6975 5th Oct each time 2004 = 73.89 2003 = 66.1491 2002 = 68.2525 2001 = 66.0310 2000 = 62.3979 1999 = 66.0393 1998 = 66.3875 1997 = 57.9157 1996 = 39.8216 About 10 years or so and there sure must have been a lot of inflation for international goods and serviuces for Thais.. Anyone planning to retire in Thailand should look at those numbers..
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Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#13
11-10-2005, 17:31
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If anyones concerned you could always buy your baht when you think its high rather than just leaving the money in the bank and chancing the exchange rate when you come over.
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#16
11-10-2005, 21:00
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Send a message to Alan Greenspan at the FED to stop hiking rates and maybe then the pound (euro) will stabilise - but expect GBP EUR to continue weakening vs. THB - since the BoT are hiking rates in line with US.
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#17
11-10-2005, 21:43
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70 seems pretty good to me, and you do seem to get good rates on the ground in Thailand as oppoesed to changing money before you go.
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#22
12-10-2005, 16:35
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Quote:
The Baht is not tied to the dollar any more than it is tied to the Euro or pound. Since yesterday the Pound fell 97/100 of a cent against the dollar. Since yesterday the Baht fell 96/100 of a cent against an equivalent amount of dollars(1.75 Dollars). Therefore, one could more easily say that the Baht is tied to the pound than to the dollar. Of course the fact that the Baht gained against the pound makes it clear that it is not so simple. In this particular case, it picked up about 70% of what it lost to the dollar in its gain against the pound, but not 100%. Both the Baht and the pound were net losers against the dollar, and in that sense were moving in concert vis a vis the dollar. The fact is that the Baht moves to the middle ground. When it loses against the dollar, it gains against the pound. When it loses against the pound, it gains against the dollar. The European currencies are dominant world currencies, which the Baht is not, so it adjusts itslef to those two currencies, but its tied to neither, or both(depending on how you look at it), but not one or the other. If the economy of LOS was is crisis, of course, it could fall against both currencies as happened in the troubled economic times in Asia in the 90's, when it lost against both the pound and the dollar. Currently, LOS is not having an ecomomic crisis, but is just taking the middle ground in the currency wars between the major currencies and this is how it has been for at least the past 5 years.
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LOS is warm, soft, smooth, and brown. 
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#23
12-10-2005, 18:11
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The BoT does intervene to keep the baht within a trading range with the dollar.. This is to maintain a stable currency range with trading partners and in dollar denominated trades..
If you look back over the last say 5 ish years (I wont go and get real figures just what I can remember in spending) dollars were about 40 (hair above) when the Euro only recieved 32 - 34.. since then the pund / Euro / basically a basket of currencies have all risen dramatically while the dollar has fallen.. Now theres what 48 - 50 for the Euro and it was as high as 54 ish before the dollar had its little run this year.. Instead of the baht appreciating with them the dollar fall has been masked by heavy baht selling (dollar and US bond and other paper buying) by the BoT to create a lower baht in line with the lower dollar, protecting some industries.. In fact this trend has been seen all over asia (thats what the trade deficit is of course it foriegners taking dollar IOU's for goods produced in asia and consumed on credit in the US) with both trade and gov deficits being bought by foriegn banks and governments.. This intervention usually continues until a sudden snap (anyone remember Soros making billions while the UK crashed out of the ERM? ?) and my prediction is this will happen again this decade with a collapsing dollar.. Basically the THB is manpiluated to stay in a small range with the USD for now.. The Baht has only been a 10 - 15% range with the USD in the last few years while the Euro / GBP / NZD / Oz / Basket of currencies has gained 40%.. In fact its truer to say that if you compare commodites prices (gold / silver / coper / oil / etc) and the main baskets of currencies the Baht has fallen hard with the USD all the way down.. This is of course why we are seeing rampant inflation in real terms (in USD and in THB economies) even in the highly massaged and ficticious CPI numbers due to high oil / commodities / etc..
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Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich. Last edited by LivinLOS : 12-10-2005 at 18:14.
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#24
12-10-2005, 19:56
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[quote=JayBee]
Since yesterday the Pound fell 97/100 of a cent against the dollar. Since yesterday the Baht fell 96/100 of a cent against an equivalent amount of dollars(1.75 Dollars). Therefore, one could more easily say that the Baht is tied to the pound than to the dollar. QUOTE] Sounds like the $ generally strengthened
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#25
12-10-2005, 23:19
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Talbotman
Christ some of those postings with financial numbers are just going staraight over my head, as i said previously i was just having a moan .Have just worked it out i have all my hotels and internal flights payed for and after giving my g/f her usual customery lump sum 5555555, i will have £300 for my 2 days alone with my mates in bangkok and then 6.000 bhat a day for everywhere else and of course i will still have money in my account which i can withdraw using my switch card in case of emergencies. I dont have a visa card since one of my early visits to los ended with me having a £9,000 bill so when it was payed i got rid of it 555555555.
__________________
ALFIE he would not give you a fright on a dark night !
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