the pound has climbed against the baht recently ,any gueses if this is it ? or will it climb a little more .
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Will The Pound Go Higher
Started by thaimate, 2010-07-27 19:04
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102 replies to this topic
#2
sarahsbloke
Platinum Member Posted 2010-07-27 20:00:05
my prediction it will peak at 54 in the next 2 months
The markets are predicting a rise as confidence in the pound follows the new austerity measures. Edited by sarahsbloke, 2010-07-27 20:03:02. #3
roamer
Super Member Posted 2010-07-27 20:09:37
Think you should be getting 50B to the £ from the atm by Friday, that's the highest since March, might be a few more baht in it yet methinks
#4
apetley
Platinum Member Posted 2010-07-27 20:33:03
Nice to see the rate headed up but to be honest I can't see it going much higher.
UK interest rates are at an historic low and destined to remain that way for the foreseeable future which will keep the lid on any dramatic rise. #5
antony77
Senior Member Posted 2010-07-27 20:50:21
Labour governments always muck up the economy and the pound falls when they are in power.
David Cameron (Elite like Khun Abhisit) is good news for the UK economy and we can expect the pound to rise slowly instead of fall. #6
syd barrett
Breakfast Member Posted 2010-07-27 20:53:56
The pound is exactly 50=Thai baht now.
I expect over the next few months the pound to get upto 1.6 to the US$ which would equate to Thai baht 51.50 anything better than that, forget it. #7
sarahsbloke
Platinum Member Posted 2010-07-27 20:57:01
The pound is exactly 50=Thai baht now. I expect over the next few months the pound to get upto 1.6 to the US$ which would equate to Thai baht 51.50 anything better than that, forget it. Obama is making no effort with the economy, the dollar is dropping, I expect $1.8 to the pound this year, so I stand by my 54 bht prediction. #8
yeesipha
Senior Member Posted 2010-07-27 21:07:29
Nice to see the rate headed up but to be honest I can't see it going much higher. UK interest rates are at an historic low and destined to remain that way for the foreseeable future which will keep the lid on any dramatic rise. yes,on the news yesterday said the UK interest rate will maybe stay at 0.5% until at least 2014. #9
Pib
Platinum Chief Member Posted 2010-07-27 21:13:39
Coin flipping is probably as good as opinions when it comes to currency rate projections.
#10
syd barrett
Breakfast Member Posted 2010-07-28 02:00:53
The pound is exactly 50=Thai baht now. I expect over the next few months the pound to get upto 1.6 to the US$ which would equate to Thai baht 51.50 anything better than that, forget it. Obama is making no effort with the economy, the dollar is dropping, I expect $1.8 to the pound this year, so I stand by my 54 bht prediction. I hope you are right 1.8 = 1 pound but I can't see it happening unless there is a major USA problem. #12
ESB7
Super Member Posted 2010-07-28 08:48:10
60 by year end thats a certainty. Interest rates are not the only defining factor in a currencies strength, although rates in UK will rise this year even if only by .25%, a rate rise has already been called for by members of the setting commitee. Its strange that in June I was blated for saying Sterling would rise and all other posters predicted Sterling to crash at 40.....well some of those same posters are now saying its peaked at 50......,its now showing XE 50.19 so 55 in a few weeks and 60 year end is certain<IMG class=bbc_emoticon alt="
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#13
slim
Senior Member Posted 2010-07-28 10:15:32
The pound is exactly 50=Thai baht now. I expect over the next few months the pound to get upto 1.6 to the US$ which would equate to Thai baht 51.50 anything better than that, forget it. Obama is making no effort with the economy, the dollar is dropping, I expect $1.8 to the pound this year, so I stand by my 54 bht prediction. $1.80 is waaaaaaaaaaaay too optimistic for GBP/USD. Maybe in a year or more. 1.6030 is the 38.2 fibonacci retracement of the 2 year high/low (2.0075/1.35). Thats the first target and I'd expect that over the next 4 to 5 months. After that your looking at the Aug 2009 high of 1.7041. I cant see that before first quarter 2011. But you never know...............(I'm keeping my fingers crossed) #14
aussiebebe
Super Member Posted 2010-07-28 10:49:39
Hi everyone,
I was going to start a new thread, but this one quite closely matches my questions; maybe someone on here can help/advise. I'm 37, Australian, I teach English in Thailand and recently divorced from my Thai wife. My step-brother, who is 51, is based in England and has offered to lend me money to purchase a condo in Bangkok. At present rates it's 45,000 pounds, but I'll be earning Thai baht, repaying my brother with interest over 10 years (that was his offer) and it's an exchange rate trap - everyone who posted so far has predicted the pound will strengthen, so is borrowing pounds now a bad idea? Should I wait? I realise this throws up a lot of other questions; I shouldn't be a loser and borrow from my brother, condo's aren't great investments apparently, and they'll be lots of bank transfer charges (I'd transfer annually). However, I've always lived here with my wife in her house and that didn't work out too great either. I realise my brother is being kind and we trust each other; his rationale is that Thai banks won't lend to me, why don't I pay the interest (lower rate) to him, as his savings accounts (ISAs) aren't up to much at present. I've looked at lots of historical interest rates Baht-Pound tables on the internet, x-rates.com, echange-rates.org etc but you can't predict the future from the past, is there a balance that the rate should be? Obviously I don't want to accept my brother's offer now and have to earn and repay significantly more baht in the future when the Pound strengthens. Any advice appreciated, as always. If it's a dumb idea just say,...won't be offended. #15
antony77
Senior Member Posted 2010-07-28 11:04:22
Hi everyone, I was going to start a new thread, but this one quite closely matches my questions; maybe someone on here can help/advise. I'm 37, Australian, I teach English in Thailand and recently divorced from my Thai wife. My step-brother, who is 51, is based in England and has offered to lend me money to purchase a condo in Bangkok. At present rates it's 45,000 pounds, but I'll be earning Thai baht, repaying my brother with interest over 10 years (that was his offer) and it's an exchange rate trap - everyone who posted so far has predicted the pound will strengthen, so is borrowing pounds now a bad idea? Should I wait? I realise this throws up a lot of other questions; I shouldn't be a loser and borrow from my brother, condo's aren't great investments apparently, and they'll be lots of bank transfer charges (I'd transfer annually). However, I've always lived here with my wife in her house and that didn't work out too great either. I realise my brother is being kind and we trust each other; his rationale is that Thai banks won't lend to me, why don't I pay the interest (lower rate) to him, as his savings accounts (ISAs) aren't up to much at present. I've looked at lots of historical interest rates Baht-Pound tables on the internet, x-rates.com, echange-rates.org etc but you can't predict the future from the past, is there a balance that the rate should be? Obviously I don't want to accept my brother's offer now and have to earn and repay significantly more baht in the future when the Pound strengthens. Any advice appreciated, as always. If it's a dumb idea just say,...won't be offended. So beware. The pound has varied between about 36 - 73 baht during the last 20 years or so. Edited by antony77, 2010-07-28 11:05:38. #16
Vertigotogo
Senior Member Posted 2010-07-28 11:13:33
I think it will continue to rise
#17
sarahsbloke
Platinum Member Posted 2010-07-28 13:02:34
Hi everyone, I was going to start a new thread, but this one quite closely matches my questions; maybe someone on here can help/advise. I'm 37, Australian, I teach English in Thailand and recently divorced from my Thai wife. My step-brother, who is 51, is based in England and has offered to lend me money to purchase a condo in Bangkok. At present rates it's 45,000 pounds, but I'll be earning Thai baht, repaying my brother with interest over 10 years (that was his offer) and it's an exchange rate trap - everyone who posted so far has predicted the pound will strengthen, so is borrowing pounds now a bad idea? Should I wait? I realise this throws up a lot of other questions; I shouldn't be a loser and borrow from my brother, condo's aren't great investments apparently, and they'll be lots of bank transfer charges (I'd transfer annually). However, I've always lived here with my wife in her house and that didn't work out too great either. I realise my brother is being kind and we trust each other; his rationale is that Thai banks won't lend to me, why don't I pay the interest (lower rate) to him, as his savings accounts (ISAs) aren't up to much at present. I've looked at lots of historical interest rates Baht-Pound tables on the internet, x-rates.com, echange-rates.org etc but you can't predict the future from the past, is there a balance that the rate should be? Obviously I don't want to accept my brother's offer now and have to earn and repay significantly more baht in the future when the Pound strengthens. Any advice appreciated, as always. If it's a dumb idea just say,...won't be offended. 45,000UKP = 2,250,000bht renting condo 10,000bht a month = 120,000bht year investing money in Australian bank at 5 percent return = 112,500bht (a riskier investment stratergy would bring 6-12 percent return) Savings by buying are very small, then add the cost of all the furnature, then the risk of currency loss or wanting to move and not being able to sell, or losing Visa ......... tell me again why you want to buy the condo? My personal opinion, only a fool would buy property of any type in Thailand (under existing rules and regulations of course). Edited by sarahsbloke, 2010-07-28 13:13:19. #18
ESB7
Super Member Posted 2010-07-28 13:43:40
Hi everyone, I was going to start a new thread, but this one quite closely matches my questions; maybe someone on here can help/advise. I'm 37, Australian, I teach English in Thailand and recently divorced from my Thai wife. My step-brother, who is 51, is based in England and has offered to lend me money to purchase a condo in Bangkok. At present rates it's 45,000 pounds, but I'll be earning Thai baht, repaying my brother with interest over 10 years (that was his offer) and it's an exchange rate trap - everyone who posted so far has predicted the pound will strengthen, so is borrowing pounds now a bad idea? Should I wait? I realise this throws up a lot of other questions; I shouldn't be a loser and borrow from my brother, condo's aren't great investments apparently, and they'll be lots of bank transfer charges (I'd transfer annually). However, I've always lived here with my wife in her house and that didn't work out too great either. I realise my brother is being kind and we trust each other; his rationale is that Thai banks won't lend to me, why don't I pay the interest (lower rate) to him, as his savings accounts (ISAs) aren't up to much at present. I've looked at lots of historical interest rates Baht-Pound tables on the internet, x-rates.com, echange-rates.org etc but you can't predict the future from the past, is there a balance that the rate should be? Obviously I don't want to accept my brother's offer now and have to earn and repay significantly more baht in the future when the Pound strengthens. Any advice appreciated, as always. If it's a dumb idea just say,...won't be offended. So beware. The pound has varied between about 36 - 73 baht during the last 20 years or so. And the Euro has gone from 50-38 in less than a year and the $42-25 and Aus 21-30 over a 20 year period....so whats so special about Sterling. Sterling is the only real hard currency worth having, forget $, Yen etc....as Yazz once sung "The only way is up" at least for the next 18 months anyway. XE at 50.35 
#19
billd766
An aged but well preserved member Posted 2010-07-28 16:28:33
Coin flipping is probably as good as opinions when it comes to currency rate projections. 10 chicken bones give a better spread than a coin with only 2 sides.
#20
aussiebebe
Super Member Posted 2010-07-28 19:13:34
Thanks for the input all of you, particularly the historical perspectives; 'anthony77' and 'sarahsbloke' - I'll heed your warnings, actually your replies mirrored many of my inital concerns regarding the fluctuations, and instability of having investments in Thailand.
I've read this forum quite a bit and I realise that many other members have experience of baht-pound flutuations, whereas I haven't, and this is probably one of the best places on the web to find out. Thanks again all of you. #21
Vertigotogo
Senior Member Posted 2010-07-29 01:36:40
Hi everyone, I was going to start a new thread, but this one quite closely matches my questions; maybe someone on here can help/advise. I'm 37, Australian, I teach English in Thailand and recently divorced from my Thai wife. My step-brother, who is 51, is based in England and has offered to lend me money to purchase a condo in Bangkok. At present rates it's 45,000 pounds, but I'll be earning Thai baht, repaying my brother with interest over 10 years (that was his offer) and it's an exchange rate trap - everyone who posted so far has predicted the pound will strengthen, so is borrowing pounds now a bad idea? Should I wait? I realise this throws up a lot of other questions; I shouldn't be a loser and borrow from my brother, condo's aren't great investments apparently, and they'll be lots of bank transfer charges (I'd transfer annually). However, I've always lived here with my wife in her house and that didn't work out too great either. I realise my brother is being kind and we trust each other; his rationale is that Thai banks won't lend to me, why don't I pay the interest (lower rate) to him, as his savings accounts (ISAs) aren't up to much at present. I've looked at lots of historical interest rates Baht-Pound tables on the internet, x-rates.com, echange-rates.org etc but you can't predict the future from the past, is there a balance that the rate should be? Obviously I don't want to accept my brother's offer now and have to earn and repay significantly more baht in the future when the Pound strengthens. Any advice appreciated, as always. If it's a dumb idea just say,...won't be offended. 45,000UKP = 2,250,000bht renting condo 10,000bht a month = 120,000bht year investing money in Australian bank at 5 percent return = 112,500bht (a riskier investment stratergy would bring 6-12 percent return) Savings by buying are very small, then add the cost of all the furnature, then the risk of currency loss or wanting to move and not being able to sell, or losing Visa ......... tell me again why you want to buy the condo? My personal opinion, only a fool would buy property of any type in Thailand (under existing rules and regulations of course). well put sarahsbloke 
#22
MAJIC
Platinum Member Posted 2010-07-29 04:12:42
my prediction it will peak at 54 in the next 2 months The markets are predicting a rise as confidence in the pound follows the new austerity measures. Either that, or Thailand can no longer afford to prop up the Baht. At 4-20pm GMT today it closed @ 50.2 baht to the pound. Edited by MAJIC, 2010-07-29 04:15:13. #23
thaimate
my way or the highway Posted 2010-07-29 10:46:18
my prediction it will peak at 54 in the next 2 months The markets are predicting a rise as confidence in the pound follows the new austerity measures. Either that, or Thailand can no longer afford to prop up the Baht. At 4-20pm GMT today it closed @ 50.2 baht to the pound. Funny that you mention Thailand proping up the baht ,but i was talking to a falang friend who is a buisnessman over here and he mentioned that at a meeting the other day with some Thai money men had said the same thing, ime no expert but it does seem to my mind that Thailand keeps on about exports going up and up ,but this usually is not the case when your currency is very strong,maybe Thailand is different from other countries? still the pound under a conservative govt does seem to be improving and the rest of the world seems to like our austerity measures ,rather that those that Obamalama ding dong seems to be promoting. #24
chiang mai
Ex Member Posted 2010-07-29 11:03:23
Anyone waiting for UK rates to rise this year will indeed have a long wait, it simply wont happen - if you can get Baht 50 per Pound, take I say because it wont get much better, 55 is a pipe dream and 60 a wet one!
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