F/X Rates ?

[Gawd Elpus 798]

That's in line with the rates at all the other booths. Haven't seen anywhere else higher than about 53.3.

I reckon they made a mistake. I wonder how many people were lucky enough to cash in before they realized ?

[tallguy 1,473]

Exactly

[jacko 8,813]

As I said 2 baht higher than anywhere else. I wonder how long it stayed up.

I knew someone would come along and upset me.

I would expect TT or similar to beat the 53 rate I got from the bank, but 55.3 looks like an error!

[tallguy 1,473]

I knew someone would come along and upset me.

I would expect TT or similar to beat the 53 rate I got from the bank, but 55.3 looks like an error!

Maybe a case of numerical dyslexia

[chippendalesam 37]

US dollar and pound keep on a slow climb northward. I just checked and US dollar at 34.4 and pound at 53.7.

[chippendalesam 37]

Let's have a little guessing - opinion game. What do you think will be the high for the US dollar between now and 1 year from now (July 22,2016)? My guess is 36 baht to 1 dollar.

[Gawd Elpus 798]

Let's have a little guessing - opinion game. What do you think will be the high for the US dollar between now and 1 year from now (July 22,2016)? My guess is 36 baht to 1 dollar.

That is a tough one with all the constant changes

[Baht Man 26]

Let's have a little guessing - opinion game. What do you think will be the high for the US dollar between now and 1 year from now (July 22,2016)? My guess is 36 baht to 1 dollar.

With Interest Rates on the horizon for the US and UK, or at least the perception of it, should see them get more stronger than the Baht, that coupled with things not to great in Thailand.

[Gawd Elpus 798]

Might depend on when the next General Election is held in Thailand

Edited July 22, 2015 by Gawd Elpus

[Parkwahn 61]

I don't think the rates in UK will rise this year, when they do next year if they do, I think it will be low..The days of 5% I feel are gone for a long time, rates all over the world are low.

 

 

As to Thailand , who knows they may devalue etc etc...

[nkped 1,208]

With Interest Rates on the horizon for the US and UK, or at least the perception of it, should see them get more stronger than the Baht, that coupled with things not to great in Thailand.

 

I'm sure there is conventional wisdom on the relationship between interest rates and a currency's value, but is that it? Usually, a central bank raises interest rates to restrain inflation. An anti inflation measure might be taken as a sign the currency will remain strong. On the other hand, the threat of inflation may push the value of a currency down.

[jacko 8,813]

Might depend on when the next General Election is held in Thailand

2017 was mentioned somewhere I was reading recently.

It might well be that UK interest rates don't move until then anyhow.

A lot of pressure from 'industry' to keep them down.

Edited July 22, 2015 by jacko

[js007 795]

Anyone who could accurately predict these kinds of moves could be a billionaire in no time. The world is a complicated place. Big moves are underway. China seems to be in trouble and has been selling US treasuries. They've also been buying gold. Japan has been printing lots of Yen. Europe has its own set of problems. In the US, the Fed would like to raise interest rates sometime soon, but probably won't for a variety of reasons. And the dollar, for what it's worth, seems to be a safe haven of sorts.

 

My guess on the dollar high for the next year? 40.

[Fatboyfat 361]

Boss banker at Bank of England stated this weekend, that interest rates are to rise in UK to about 2% from current 0.5%, by the end of this year. That will prompt a rise in exchange rate, that statement alone tickled the rate up a smidgeon.

[jacko 8,813]

I was sat in the Bangkok Bank today, rather longer than I wanted to be but a complicated request from me and 2 mistakes from them forced it.

It gave me time to look at the exchange rates, which tell me I would have got 3000 baht more had I waited a few days to send my money over. Enough for a BB LT or a GGB ST, o-well! It wasn't too bad, there is some dandy eye-candy in there, and it is nice and cool, about the same temperature as a Walking Street GGB beer! Cooler still than some!The apologetic young lady was pretty, and polite, and spoke well. But was surprised I hadn't any children, and offered to be my daughter. Wasn't sure how to take that, offended as being seen as a daddy figure (realistic actually), or was there more to it as she had seen my bank accounts?

I was offered 'insurance policies' by 3 different staff members, some deal about getting 3% interest and life coverage for about half a million a year, and some-money back on maturity. There was a 5 year and a 10 year option, and I declined saying my 10 year plan was staying alive and no more.

 

Sorry, my mind wanders more these days, pretty girls and short skirts sparked a few neurons, and nothing else flinched.

Edited July 23, 2015 by jacko