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The rate on the street.


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#151 BigusDicus

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Posted 10 August 2018 - 02:49 PM

https://www.wsj.com/

 

Turkey Crisis Rattles Currency Markets, Pushes Dollar Higher

 

The Turkish lira tumbled, a shock that set off sharp falls in other emerging-market currencies, hit the euro and European banks, and pushed the dollar to a one-year high. 


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#152 chippendalesam

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Posted 10 August 2018 - 02:55 PM

Thanks Jacko for taking time to post the local currency rates. I appreciate it.
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#153 TheFiend

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Posted 10 August 2018 - 02:58 PM

Hi,

 

If that chancer, Carney, raises rates the £ should get stronger.

 

He raised the rate and the £ has been dropping ever since!!!


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#154 Fireman Sam

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Posted 11 August 2018 - 08:59 AM

He raised the rate and the £ has been dropping ever since!!!


Ye, the UK has to be the only country that raises interest rates and their currency falls. I realise there is a lot more going on but bloody annoying.


Regards.
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#155 TheFiend

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Posted 11 August 2018 - 10:19 AM

Ye, the UK has to be the only country that raises interest rates and their currency falls. I realise there is a lot more going on but bloody annoying.


Regards.

 

It's like after the Brexit vote.......Some Brexiteers claimed the big drop immediately after the result was only a temporary dip....... We're still waiting for the bounce back over 2 years later!!!!


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#156 jacko

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Posted 15 August 2018 - 01:20 AM

Today the £ hit a long term low for the past decade. 

Transferring some to the local bank will get you 41.8 baht per £ this morning.

 

Shxt, I think I will go waste a bunch of baht tonight!


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#157 Rawhide2

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Posted 15 August 2018 - 05:18 AM

Today the £ hit a long term low for the past decade. 

Transferring some to the local bank will get you 41.8 baht per £ this morning.

 

Shxt, I think I will go waste a bunch of baht tonight!

 

Yellow TT at time of post is 42.15 but Kasikorn traditionally the lowest will likely be in the 40.s at time of post


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#158 jacko

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Posted 17 August 2018 - 06:54 AM

And here are this afternoon's rates.

exc20181708.jpg

 

It's all downward again, indicating a general strengthening of the baht!

 

USD down 5 satang

GBP down 35 satang

EUR  down 33 satang

Oz$     down 28 satang

CAD  down 21 satang

Just for teelack NZD down 6 satang

On 1 week ago.


Edited by jacko, 17 August 2018 - 07:04 AM.

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#159 Rawhide2

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Posted 18 August 2018 - 05:52 AM

Yes the Baht ended 19 Satang stronger against the Greenback from the start of the week to last nights close. That will exercebate Steling/Baht declining rate with both pairings double whammy in the wrong direction


Edited by Rawhide2, 18 August 2018 - 05:53 AM.

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#160 Rawhide2

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Posted 21 August 2018 - 06:18 AM

TTs were 41.78 earlier albeit picked up slightly since then to 41.87 currently


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#161 martini9946

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Posted 21 August 2018 - 07:39 AM

Im in the uk and the local currency exchange was offering 39bhat to the pound  ouch .... 


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#162 Rawhide2

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Posted 21 August 2018 - 08:25 AM

Lot of people bailing on winter trips. Some seem to go through 10,000 a day with ease but no one can burn £250 daily continuously including hotel

Euro and aussie dollar weak adding to the demise of visitors. Lowest "high" season on record coming up


Edited by Rawhide2, 21 August 2018 - 08:27 AM.

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#163 Butch

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Posted 23 August 2018 - 10:09 AM

Yep, Bloke at work has actually changed his 15 day week into a 10 day trip , he reckons that his budget for 15 days should see him through 10. Tough times indeed, and as you said, this will be a delayed impact as trips being cancelled now for the upcoming peak / high season.

 

When it gets to a point that even a draft beer in a GGB is nearly, or in some cases over £2 it makes sense to start getting loaded with 7/11 San Migs in the room before a night out. God forbid doing a round of LD's in Peppermint!.

 

We're getting hit on the PHP as well,down to 67 with Philrem at the moment, I was getting 70+ a few weeks ago.


Edited by Butch, 23 August 2018 - 10:11 AM.

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#164 jacko

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Posted 24 August 2018 - 07:52 AM

This afternoon about 2pm......

exc20182408.jpg

 

Pretty much all down... usual Sterling slide, exception is the Euro up.

USD loses highest amount!.

 

USD down 42 satang

GBP down 21 satang

EUR  up 13 satang

Oz$   down 25 satang

CAD  down 20 satang

Just for teelack NZD down 9 satang

On 1 week ago.


Edited by jacko, 24 August 2018 - 08:05 AM.

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#165 Butch

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Posted 24 August 2018 - 09:05 PM

Ooof!

 

That's bloody painful.


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#166 martini9946

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Posted 24 August 2018 - 09:23 PM

could be worse you could be changing it in the uk  tesco offering 38.5 bhat to the pound its getting worse ....


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#167 midlifecrisis

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Posted 24 August 2018 - 10:36 PM

I am reading at home that the dollar is strong and then jacko bursts my bubble week after week.


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#168 jacko

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Posted 24 August 2018 - 10:39 PM

could be worse you could be changing it in the uk  tesco offering 38.5 bhat to the pound its getting worse ....

Yes, looks like it lost some more value wrt baht yesterday in the afternoon. 

Might as well look forward to an even 40!


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#169 Rawhide2

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Posted 25 August 2018 - 06:35 AM

its lower than the figures above.at weekend at TT

41.65 now


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#170 jacko

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Posted 18 September 2018 - 07:23 AM

Today's rates....

 

exc20181809.jpg


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#171 Rawhide2

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Posted 18 September 2018 - 07:37 AM

Yep Sterling against the Dollar rising in the "hope" of a half decent Brexit deal


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#172 jacko

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Posted 18 September 2018 - 10:23 PM

Yep Sterling against the Dollar rising in the "hope" of a half decent Brexit deal

There has been a lot of scare mongering lately, the  leader of the IMF, Lagarde, recently spoke and I expected her comments to drive Sterling down more. I picked up a free copy of the UK Newspaper, The I, I was very surprised by the anti-Brexit rhetoric, and quite blatant fear mongering, mind you, I had been buying The Mail previously so quite a contrast. I am sitting on the wall again about sending funds to Thailand, rate  is currently so low, but the future may hold some very big shocks to the UK economy, and Sterling... I failed previously to move money ahead of the Brexit vote and that cost me 15%! But of course, in the UK, they focus on the important stuff like making misogyny a hate crime!


Edited by jacko, 18 September 2018 - 10:24 PM.

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#173 Kev

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Posted 20 September 2018 - 12:25 AM

on another note sort of related to this topic if in Australia and want to transfer money to a Thai bank I use https://smartwaysyst.../HomePage/Login

 

they give a pretty good rate and fast transfer times, current rate in 23.15, which is better than KTB offering for a TT transfer.


Edited by Kev, 20 September 2018 - 12:25 AM.

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