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hienz

Exchange Rate

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wow what is going on????

The THB is just hammering the Dollar (US) and the Euro ....

Is it the quiet reaction to the court decision ????

Come you finance guys and women...spout so wisdom and reasons! :)

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@ DANNO: it is moreso a result of the other nations just $hitting themselves. Mixed news from USA today but their housing indicators were worse than expected.

I'm ok with the Aussie dollar doing nicely thanks to our chinese friends buying our resources! :)

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@ carz--- on the other hand a couple of days ago unemployment indicators and purchasing were a bit better than expected ( ? mixed?---or more?)

@ DC --- as I recall you were getting ready to convert a bunch of cash...

did this kick you in the a*s or did you get in last week? (if I may ask?)

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Im not ok with GBP !

I just borrowed money from my sister in UK 2000GBP. She said no matter how much in THB I could get she will take it back only 100k when we made the deal exchange rate was about 53-54b/1p and money supposed to be in my bank account this week :( checked this morning, its 49.09THB / 1 GBP

:cry:

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Im not ok with GBP !

I just borrowed money from my sister in UK 2000GBP. She said no matter how much in THB I could get she will take it back only 100k when we made the deal exchange rate was about 53-54b/1p and money supposed to be in my bank account this week :( checked this morning, its 49.09THB / 1 GBP

:cry:

KUSSIE...yes this is the big casino we farangs face when we drop in....

as with most things in life, timing is everything!

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@ carz--- on the other hand a couple of days ago unemployment indicators and purchasing were a bit better than expected ( ? mixed?---or more?)

@ DC --- as I recall you were getting ready to convert a bunch of cash...

did this kick you in the a*s or did you get in last week? (if I may ask?)

I haven't changed it yet. Still clinging to hope.

but ultimately on $1000 if the rate is 32.5 rather than 33 I stand to loose 500 baht, which is ok for me, just wish I exchanged when the rate was 35 when I 1st came to Thailand.

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I'm ok with the Aussie dollar doing nicely thanks to our chinese friends buying our resources! icon_smile.gif

And not to mention our economy performed better than alot of the other developed nations!! And Kev and Wayne's stimulus package!!!!! I spent my 900 bucks in Thailand!!!

:lol::lol::lol::lol:

Just hope you guys in the west keep pumping out that iron ore up north!!!!! :lol::lol:

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@ carz--- on the other hand a couple of days ago unemployment indicators and purchasing were a bit better than expected ( ? mixed?---or more?)

Yeah def mixed signs coming out of everywhere. No one knows what the hell is going on. It also depends which "expert" you talk to. All i know is that we should be treading carefully with any investments.

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If you want to go somewhere for currency exchange make sure its worth because the taxi cost and terrible traffic. I'm working with many kinds of currency everyday Scandinavia currency seem like the best value to have exchange to TBH :o

About the good place to convert your money, at Juldis Tower 1st flr, 19 Petchaburi Rd. there's one big place + good price for all of this.

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Im not ok with GBP !

I just borrowed money from my sister in UK 2000GBP. She said no matter how much in THB I could get she will take it back only 100k when we made the deal exchange rate was about 53-54b/1p and money supposed to be in my bank account this week :( checked this morning, its 49.09THB / 1 GBP

:cry:

I got 51thb to the GBP when I went. This rate stayed for a good few months. But as Danno says, its about timing. Im keeping an eye out already for my next trip.

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It is pretty scary for the pairof USD/THB lately,yet, it benefits me at least for people who will go abroad and a bit suffer when the time they come back Thailand and exchange the dollar fo Thai in less than last few year. Of coure,I will not have US dollar account in thailand since dollar will depreciate further.Keep and eye on people.The largrly drops in us value comparing to THB give me enormously curiosity and concerns because, at this time bank of thailand suppose tol act suddenly in giving their speechs on why,but they just disappeared for a day. For what then that take them so long to intervene.I will ask my colleages , because I took vacation and just MISSED the exciting part in financail market.

PS . Bank of Thailand comes out with not intervene that is why we have this kind of value though.My concern is that ,nornally they will support exporter guys.. but clearly not this time.What wrong with thai exchange rate mechanise, or they want to suppy dollar for this time?

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i have no idea what you just said there.

Please try again.

lalalala...Hes just happy to be going home.lol

Think hes just saying that hes gutted he missed it when either the dollar or baht was doing well.

It says he edited it once, I think he needs to come back and edit it again. :wink:

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Lol @ DC...She was wondering why the local version of the Fed isn't intervening since the stronger Baht will hurt Thai exporting industries at some point.

I'm not an economist but contrary to what can be read on various forums I don't think it's the strength of the Baht that causes the slide of 'our favourite currencies' but rather the weakness of the Pound, Euro & Dollar based on the still weak economies (despite the bullish assurances that the worst is over by some second-hand-car-sales-man cum politicians).

I surely didn't see it coming that the Euro would be sunk by some creative accounting courtesy of Goldman-Sachs and some bloke shouting "This is Sparta!". Even though the mountain of the Greek debt is stupendously enormous making Mt. Olymp look rather like a warts-shaped thingy yet nobody appears to have noticed.

Not that the UK is in any better shape or form with their deficit/debt being equal to that of Greece and not only that but british households are on average indebted by 170% of their annual income, which is even higher than households across the pond. Still somehow this isn't all that bad even though the UK hasn't got a Euro-zone that could bail them (however reluctantly) out like Greece. Makes one wonder though...I mean was is still being made in the UK except for dodgy bankers padding their Saville Row suits with bundels of cash for their epic fails and spending the rest of their days as non-dom tax exiles in Belize or Santa Lucia or some other sun-drenched location with a well stocked cocktail bar.

Leaves the US, still mighty or so some think. Well, if they finally manage to wage war on a country small and ill-defended enough that they can actually win (where is a Communist uprising in Grenada when one needs one) within a Presidents term maybe the Dollar will stop heading South. But I wouldn't bet on that.

:roll:

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I didn't see much changing in exchange rates for past few months back (at least this quater) except for pound which is getting weaker than usual do i miss anything ? USD got worst enough since 2008 or so til now for exporters , hit enough and now nothing to hurt, get used to.

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When I exchanged money to the UK last Oct... I bought it at 55 baht.... now the rate is 49 baht a pound and I am still holding on to over 300 pounds at the moment!!

I am in a way... seriously pissed off!

Want to sell it to me? I give you Bth50/1. :D

Next time, don't carry cash sis. Use your cards.

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When I exchanged money to the UK last Oct... I bought it at 55 baht.... now the rate is 49 baht a pound and I am still holding on to over 300 pounds at the moment!!

I am in a way... seriously pissed off!

Want to sell it to me? I give you Bth50/1. :D

Next time, don't carry cash sis. Use your cards.

I had to transfer money back here from the UK in GBP, but as the rate was crap at the time, Grezzzy and I decided to wait a while before cashing it...the result... a loss of a LOT of Baht...when I find who the b*stard is that is causing this to happen I am going to rip his arms off and beat him to death with the soggy end!

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When I exchanged money to the UK last Oct... I bought it at 55 baht.... now the rate is 49 baht a pound and I am still holding on to over 300 pounds at the moment!!

I am in a way... seriously pissed off!

Want to sell it to me? I give you Bth50/1. :D

Next time, don't carry cash sis. Use your cards.

I had to transfer money back here from the UK in GBP, but as the rate was crap at the time, Grezzzy and I decided to wait a while before cashing it...the result... a loss of a LOT of Baht...when I find who the b*stard is that is causing this to happen I am going to rip his arms off and beat him to death with the soggy end!

:lol: Didn't know you can be angry.

Just checked DKK, it's 5.7bth/1 DKK. It used to be 8bth/1 , that's many many years ago..oh good old days.

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When I exchanged money to the UK last Oct... I bought it at 55 baht.... now the rate is 49 baht a pound and I am still holding on to over 300 pounds at the moment!!

I am in a way... seriously pissed off!

Want to sell it to me? I give you Bth50/1. :D

Next time, don't carry cash sis. Use your cards.

Think I'll just bribe my bf to be a good boy while he's here with my depreciate pounds!

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