What's happening to the exchange rate seems to be falling fast . I just looked at the forecast it says in 6 months it will be down to 42 😐
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TLDR : Answer Summary
The recent decline of the Thai Baht's exchange rate has raised concerns among expats and investors. Community members attribute the fluctuations to various factors, including the UK interest rate decisions affecting GBP:THB rates, market speculation, and currency manipulation. Some predict the Baht may drop to 42 THB per USD in six months, while others emphasize the inherent volatility of exchange rates. Discussions include the impact of inflation on local consumer prices, especially for pensioners, and the overall economic conditions in Thailand. Suggestions include locking in rates for future transactions and a general warning against relying on financial forecasts, as currency rates are subject to rapid changes.
Mark *******
ORIGINAL POSTER
Why swiss francs ?
Adolar **********
You‘ll find many „forecasts“ which show exactly the opposite. Buy Swiss Francs or Gold if you are afraid of fluctuations…
Jeff *******
Interest rates are falling, when rates fall, currencies fall, you ain't looking at 47 again for a very long time bar the thai economy crashing
Mike **********
I’m always laughing at travelers who are “concerned “
About exchange rates
The rates are determined by multi national banks and government policies.
There is nothing you can do about those rates
So stop stressing
Just go travel
Enjoy those travels
To even consider
?? Wow exchange rates seem to be volatile
? Should I or not travel because of that in my opinion is silly
John ********
Up & down like a brides nightie 😂😂😂😂
Clive *********
I just locked my exch rate today at around 45 baht for next 4 months with smart currency exchange in uk. Doesn’t matter what it does now
Thaimer ******
Since when do forex have “forecast” ?
It’s not weather
Nick **********
The centre cannot hold.
James *********
I hate when that happens at this time of the month 😠 (😂)
Barry ********
It's concerning for those looking to transfer significant sums in the near future
wages were also lower but the pound still stretched further because 75 baht to the pound was a lot. It’s only because the Thai economy has grown that their currency has strengthened.
Reply to
Philip *****
Reply
Mark ******
My guess would be Thai banks pumping money into the system to support the Baht as it is rising against all major currencies.
Do yourself a favor and never look at forecasts. Just accept that it is what it is. Focus your effort on finding a broker that will facilitate exchange with the tightest spread and lowest fees - that is actually a productive use of your time.
that is the only thing we know for sure. If you watch it every day it will drive you crazy
Reply to
William ******
Reply
Mark *******
ORIGINAL POSTER
Mark *******
ORIGINAL POSTER
Steven *******
Later today / tomorrow the rate will be better because of the expected rate drop later today.
Harry *********
To put it all into context , from 1993-mid 1997 it was at 38-41, from mid 1997-2008 it rose to 92 then fell towards 55 , from 2008-mid 2016 it was between 48-55 , then Brexit crashed it to 45 so from mid 2016 it was between 45 down to a low of around 38 in 2019 , from 2019 to now it has slowly crawled from 38 back up to its long term medium average of 46.75 , then in the past few days it’s crashed back sharply to 45.50 as a result of the usual Bank of England nerves ( they never support the currency unlike the Bank of Thailand who ensure the baht is forever strong ) and the rising gold price plus the BOT will not cut rates this year
William ******
Yeah looks like most currenties
Aussie dollar down 5.3%
UK 3.1% down
Euro 2.9% down
Dollar 3.5%
Canadian 4.4% down
UK is still higher than last year and took until February for it to get above 45. If anyone knew they would be rich from FX trading. In the past year all these currencies have dropped to these levels 2 or 3 times. My opinion which is not worth much is the current levels are more normal. The level one or two months ago were overly weak for the Baht. Let’s hope the increase in people visiting and moving doesn’t push up inflation and in turn will make Baht stronger both whammy. Look at Mexico for example. In the course of two years the peso appreciated 15-20% plus was battling 11% inflation. So within a short time period things were costing over 30%. So, I worry about Thailand being overrun. But Bali has same problem as a surge in people moving there but it currency is
*****
vs dollar. Three years ago was
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. So, 15% depreciation for Rupiah. But was told things are expensive in Bali. I have not been yet. We have many things going on right now. We had a time of 15 years no inflation. Now banks will be lowering rates. This effect currency, usually more short term. There an over reaction on the markets plus people making money on the news. Plus USA has huge debt which hurts the dollar. But for the world we have geopolitical things going on. Thailand is never involved usually in world events so other currencies can be effected. But I never see people complaining when Baht was weakening from March to June. If you take out those months we are back to were we were before (2023). If exchange worries you move to Cambodia. They use USD as much as Riel and riel doesn’t move a lot. But living outside your country currency changes is part of life. If you rate is in Baht take and prepay rent when Baht weaker. Take cash out of ATM for 3 months. All we know is it goes up and goes down. Not sure it is a straight down from here. Should stabilize in a week or two. Assuming no major events
David *******
Interest rate cut expected in U.K., if not this time then soon. Further cuts expected over next 12 months. Expect £ to fall against many currencies.
Against this is the perilous economic situation in Thailand and the baht being propped up by the central bank there.
Jason ********
Rate cuts = currency devaluation.
Basic economics 101
Julius *********
U.S. Democrat Programing. More Inflation coming as well, predicted. Fed will not drop rates, and now everyone is asking to be paid.
Good grief. Can't we ever get away from the politics. Some things are not about Republicans versus Democrats. We come across the world to get away from it and hear this kind of stuff.
2016 to 2020 the USD to Baht lost about 20%. 2020 to now it gained about 20%. Has a long way to go to get back to where it was for most of the previous administration.
Great news for Thai property owners as their valuations continue to go up. Bad news for pensioners, now everything cost 5% more than it did a month ago
love the 🇺🇸 SS scheme! Show up to work for a few years and collect big for life. Awesome. 👏🏼
The USD is down 4.3% in the last 3 months which means your SS is worth about $160 less than it was in May. But you are right, not gonna make much difference.
Damn can you tell me where the dollar will be and while your at it what’s NVDA and Bit Coin going to be in 6 months,and you have a lot of faith in that change all you can now
mmmmmm where should I start 555. I just saw that it has fallen in the last few days so looked at an amazing thing called the internet. It showed some interesting graphs and charts and also a few predictions. Very interesting reading
that’s why everyone is rich,been here 15 years and its been up and down the whole time if your bringing visa monthly or spending it’s not going to change your life if your transferring big money I’d wait and watch
Reply to
Bob **********
Reply
Duncanc **********
1% fall in western currencies overnight
Tim *******
and whenever has a "forecast" ever been wrong 🤪
Roman **********
Just wait for them to print the 10k/b per person and it will crash back down