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Is it a good time to transfer money to Thailand based on the current strength of the UK pound against the Thai Baht?

currency exchangeThailandThai BahtUK poundmoney transferexpats in Thailandfinancial advice
Jun 9, 2023
a year ago
Ronald *********
ORIGINAL POSTER
UK pound is strong against the Thai Baht, a good time to transfer money for my upcoming visit in November.
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TLDR : Answer Summary
The conversation discusses the current strength of the UK pound against the Thai Baht, suggesting it's a favorable time for money transfers in anticipation of travel to Thailand in November. Various comments note fluctuations in exchange rates, differing opinions on the current strength of the pound, historical perspectives on currency values, and forecasts for future exchange rates. Users express mixed feelings, with some recommending securing rates above 44, while others caution that the pound remains weak compared to its past performance.
Peter *********
I keep syphoning a bit into my thai bank. Let's hope it gets to 45 +
a year ago
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Jorge *****
Learn about money first, all currencies are going down, so dont save in any fiat.

A currency going up against another just means that it is dropping less.
a year ago
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Juan ********
And blow!!????
a year ago
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Steve **********
I recall in 05, Pound was 75. and US was about 43.

Times they- are-a changing

Our currencies were worth twice, and groceries and service's were 60% cheaper .

Gold was $400., now $2000/oz

Barfines were.....ooops!
a year ago
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Andreas **********
43 rate now far better than 37 last year ffs
a year ago
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Andreas **********
thats all the fekers gave me in phetchabun grrrr waited till came see boys in pattaya too exchange
a year ago
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Martyn ***********
@Andreas *********
 it wasn't 37 last year at anytime... Lowest was over 40 in the last 12 months.
a year ago
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Martyn ***********
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Hakim ************
Nope, GBP still weak compared to baht and other performing currencies, still long way to go to reach at least 2015 exchange rate!
a year ago
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Peter *********
@Hakim ***********
 43 + is better than the 37 it went down to
a year ago
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Ronald *********
ORIGINAL POSTER
@Hakim ***********
 Never will reach those past rates again, it is good in today's climate.
a year ago
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Ronald *********
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Thomas *********
If you can get over 44 take it
a year ago
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Rok ********
Not long time ago was 52 … those were the days !!!!
a year ago
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Ronald *********
ORIGINAL POSTER
@Rok *******
 10 Years ?, if you go back further it was 70.

Those exchange rates will never return.
a year ago
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Steve *******
@Ronald ********
 It was 52 before Brexit, 2 weeks later it was 38!
a year ago
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Martyn ***********
@Steve ******
 it didn't take 2 weeks it was nearer 2 days...
a year ago
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Steve *******
@Martyn **********
 It certainly dropped like a stone!
a year ago
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Steve *******
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Martyn ***********
@Ronald ********
 70 was 16+ years ago.. And 50+ was 7 years ago... Average since brexit is 43...hence my comment that it isnt strong.
a year ago
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Ronald *********
ORIGINAL POSTER
@Martyn **********
It's as strong as you are going to get, these days.
a year ago
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Martyn ***********
@Ronald ********
 I think we need to see what happens with the government here.... It was over 1 baht more last year, nothing remarkable about the rate at the moment.
a year ago
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Martyn ***********
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Kevin *******
a year ago
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Kevin *******
Forecast is 66 later in the year ! I have crystal balls !
a year ago
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Jeff *******
@Kevin ******
 don't bet your house on it
a year ago
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Kevin *******
@Jeff ******
 no but I'll bet yours
a year ago
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Kevin *******
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John *********
43.43
a year ago
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Russell *******
Should reach 45 in July
a year ago
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Graham *********
@Russell ******
 ..need reverse...54
a year ago
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Russell *******
@Graham ********
 ?
a year ago
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Russell *******
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Ian *****
Strong.....from a weak sterling position for past few years yes maybe
a year ago
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Jack *********
US seems the same as always.
a year ago
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Steve *******
Strong isn't the word I'd use but it is going very slowly in the right direction
a year ago
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Martyn ***********
Define strong? 43 isn't strong.... Change some and edge your bets, nobody can see the future.
a year ago
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Ronald *********
ORIGINAL POSTER
@Martyn **********
 It is in the current market.
a year ago
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Steve *******
@Ronald ********
 Not really, it was stronger during Covid.
a year ago
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Martyn ***********
@Ronald ********
 no it's not... It's barely 5% up on the average for the 6 months and not even the highest rate for the last year...
a year ago
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Martyn ***********
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Barry **********
What’s the rate
a year ago
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Ronald *********
ORIGINAL POSTER
@Barry *********
 43.4
a year ago
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Steve *******
@Barry *********
 43.39
a year ago
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Barry **********
@Steve ******
 nice one I’m back in September
a year ago
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Barry **********
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Lynnette *******
I had to transfer today. But rate was better than last week.
a year ago
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Will ************
Pound may strengthen more next few weeks, UK is expected to raise interest rates another .25% on 22nd June.
a year ago
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J ******************
Many currencies are just now for the past couple of days especially. The THB received some negative comments.
a year ago
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Peter *********
Yes
a year ago
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Peter *********
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