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GBP/THB - British Pound Sterling Thai Baht

Real-time Currencies
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THB
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46.105
+0.055(+0.12%)
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GBP/THB Discussions

WTF? While it looks likely now that the incumbent military government will nix the legitimate decision of the voting public by underhanded fangling, the Baht rises against the Pound! (shakes his head in utter disbelief)
Am I being stupid? During the final week of the Thai General Election campaign, the Pound bombed against the Baht. Why? I assumed that pre-vote polling suggested a completely new and economically literate government was likely to result. A better Thai economy = a stronger baht, I reckoned. Now, the day after 99% of votes are counted and there WILL be a radically different (I.e. BETTER) government, barring another army coup (yawn), the Pound has begun to rebound. Forex is not a market for the casual investor. It's waaay too nuanced.
The worm has finally turned. I'm 11% richer today than at the Pound's low ebb against the Baht on 1 February 23. I feel like I've won the lottery and just in the nick of. GBP has taken a pasting from just about every currency but the Turkish Lira, the Pakistani Rupee and the Russian Rouble for the last 3 years. It feels so good to see the Pound at EURO1.177 and USD 1.18, with the THB turnaround a welcome reprieve.
GBP got pressure from USD and become weak against other currencies
The Baht strengthens against GBP
Can anyone explain how this currency remains so strong, especially when the capacity for borrowing remains tight and more cash is flowing out of the country than in, long term economic prospects are poor yet the baht strengthens relentlessly?
The only compelling fact is that Thailand has enormous reserves.
The only compelling fact is that Thailand has enormous reserves.
Because after the 1989 crash. Thailand got rid of it's USD debt. Now it borrows of the CHY
with all the problems going on in thai..the baht is still strong..why is this ?
GBP now exceptionally bullish against THB. Thailand's economy essentially FUBAR for any foreseeable future. Even when start button is pushed, globally no-one has money to spend on holidays such as Thailand anymore. General outlook for THB now weakening as big money searches for countries with a more viable economic plan. BOT finally got what they wanted but not the way they intended. Sell THB now.
Hi Nick. Yes, I am sure that you are correct and a few will make the journey over to Thailand.  Not quite the numbers that TAT are stating of course and the experience for those who do will be somewhat different from what they might have seen before. The trailing behind of the Thai vaccination program will likely delay this. Anyway, we are calling the Baht here and my first bear call was on15/07/19 @ 38.4, with the 2nd call on 29/07/20 @ 40.6.  So on today's exchange 13.8% and 7.4% GBP gain respectively.  If it can break through strong resistance at the 44.1 level then 50 and 55 are the next two stops as far as I can see, so if your friends hold on for another year they may well be getting a lot more bang for their buck. All depends on the USD maintaining global confidence of course.
still keeps testing that resistance. Maybe this week will see that break of 44
Next resistance around 50 mark. Should easily see it break that this year.
let it down below 36
UK trick dropped GBP to boost export.
let it down below 36
wanna see how is deepest.
And as you can now see, none of that happened. the ongoing attempt to weaken the baht by BOT will fail and the drift will continue downwards until the last quarter where, if the UK fully exits from the EU, the direction will change as the pound slowly gains strength.
as a result of the chinese economy slowing faster than expected, and british economy rising it has to be inevitable the pound will become stronger over the next 2 months, so i am expecting the thai baht to be around 53 to the gbp by april
I hope so ...my holiday in Pattaya Thailand will be cheaper
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