Why is the GBP to THB exchange rate stronger now than in previous months?

Mar 21, 2021
4 years ago
Rob *******
ORIGINAL POSTER
why is gbp to baht stronger than the last few months ? i would of thought it was weaker but its better value now then pre pandemic
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TLDR : Answer Summary
The recent strengthening of the GBP against the THB can be attributed to several factors. A key reason is the comparatively successful rollout of the UK vaccination program, which boosted confidence in the UK economy's recovery. In contrast, the Thai economy is experiencing challenges due to the ongoing effects of COVID-19, leading to a depreciation of the baht against multiple currencies. Furthermore, shifts in political stability and market perceptions play significant roles in currency valuation. Several comments suggest that this trend may not last long if the baht regains strength as Thailand's economy stabilizes.
Terary **********
US Dollar is stronger to the baht as well. And the GBP is stronger compared to USD. USD improved because (I believe) we have less of dick in the white house. You guys have the same dick - so who knows.
Brendan *****
@Terary *********
You replaced a retard with an dementia patient. Way to go USA USA USA
Jinren *******
There is no “would of”. There just isn’t.
Steve **********
Every year I listen to economist's saying baht to strengthen, or weaken minimally.

Yet I remember the US exchange rate when I first arrived just before tsunami.

It was at 45: to 1 US progressively dropping to below 30, now at 30.
Billy *******
That's cuz the US is funneling steak to all its cronies with some crumbs to its people. It adds up to a weakening of the dollar.
JD ********
@Billy ******
agreed when I live in TH in ‘19, it was almost 32 to USD

NOW ITS MUCH LESS

here in PH, it’s just as much a decline

Below 49 since new yr & still
Paul **********
@Billy ******
? No it’s a weakening of the baht against all major currencies
Paul **********
Why so funny so u have a better explanation I guess
Kevin *********
Short sellers buying back
Steven *********
The Forex market is complex and it works on what currency is calculated to be stronger or weaker against the other currency.

So the pound may not be getting stronger so much as the Baht is getting weaker.

The imports and exports factor in.

As do:

- political stability or lack of it

- economic growth or lack

- and all things that make someone feel safer or less safe with either side of the currency pair.

It is like two stocks that join into a binary unit and push and pull against each other.
Steve *******
@Steven ********
The pound is getting stronger against all major currencies due to investment by money traders
Paul **********
It should get back to 32:1USD by June - July
Paul **********
Ongoing for last 3-4 months
Paul **********
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Todd *********
@Paul *********
you would be hard pressed to find risks here at present
Paul **********
@Todd ********
the financial markets obviously disagree with you which is why sovereign risks insurances have sky rocketed and the baht devalued.
Todd *********
@Pa**
😂😂 working out absolutely fantastic for those of us in Thailand and income from outside. The smart money came here. Happy to see the baht descent continue, making me money everyday. You?
Paul **********
@Todd ********
import export values and political risk are the main drivers or currency values — the high baht has really damaged exports at a critical time for Thailand
Todd *********
@Pa**
quite possibly true. But I think they will emerge strongly when the time comes
Paul **********
@Todd ********
who wil?
Todd *********
@Pa**
Thailand will. As will Vietnam, South Korea, Singapore. And possibly Indonesia
Paul **********
@Todd ********
it will continue to weaken against major currencies and they predict it dropping to 32 by June July. Yes obviously good if u have USD etc income and far better for tourism when it comes back and exports
Todd *********
@Pa**
likely so. Never been a better time to be here than now. Frankly the outside perspectives are of little or relevance, if the financial markets perceive risks, they take correlated action. The Thai economy, outside of the obvious tourism destruction, seems to be thriving. Adapting well. Several SE Asia nations will emerge stronger than ever. Others, like Myanmar, will not. There is always financial opportunity in unstable markets
Paul **********
@Todd ********
it was 33+ — most ASEAN economies are very resilient despite the rhetoric from USA. Even MYanmar will rebound — as has Thailand after every Coup it has.
Todd *********
@Pa**
agreed on that for sure. They are indeed resilient
Paul **********
@Todd ********
yea right
Paul **********
Political risk due to protests etc in Thailand - USD is the same and gained nearly 1 point
Steve *********
The only good thing our "government" has done is the current vaccination program. I'm guessing that helps?
Jimmy ******
Enjoy while it lasts! Thai baht will regain its strength once borders reopen
Todd *********
@Ji***
trust me, we are enjoying it VERY much, incredible time to be here
John *********
It going up , be happy ,do not complain . Gov willstop it .555
Todd *********
The baht is sliding against multiple currencies right now... great times
Andrew *********
It is the relative success of the UK vaccination programme certainly compared to the EU. Vaccinations raises the hope of economic activity not being curtailed and getting back to pre Covid levels and the markets like that.
Todd *********
@Andrew ********
so ‘successful’ you are now all prisoners. Well played 😂
Andrew *********
@Todd ********
Successful in that more people vaccinated than the EU. What the government than chooses to do on the back of that is a diffe matter. Thailand has had more success than other countries but the obvious price is the tourism industry and areas have been devastated.
Todd *********
@And***
tourism is devastated in every nation. And yet, the vast majority of those nations have done poorly at effective Covid management.

Vaccine successes are great. But clearly in the ‘too little, too late’ category for several of the ‘leading’ nations.
Mike *****
It's because the pound has got stronger against a lot of major currencies, dollar and euro included.this is due to to the success of the vacinne rollout and the opening of the UK economy..pound will drop back as its now overvalued. Or Boris will say something to cock it up.
Darren *********
@Mike ****
👍🏻
Mike *********
Perhaps because it’s not bridled by belonging to the EU now? Just a guess. Cheers
Bruno ************
@Mike ********
THB weak due to money outflow the past few months, good for me as well for my SGD. i don’t expect this to last though
Paul **********
@Bruno ***********
it’s due to political risk increasing in Thailand
Mike *********
@Paul *********
I not sure that’s correct Paul. The Baht seems fairly consistent against other currencies. For sure the GBP has strengthened considerably against other currencies. This has occurred only since the full enactment of Brexit. My conclusion therefore is that the weak position of GBP previously was due to the indecision and it has strengthened as a result of increased confidence now that the situation has become clearer. Of course I may be wrong but I suspect there to be some truth in this. Cheers
Paul **********
@Mike ********
it’s down a full point against $ and others
Mike *********
@Paul *********
Ok. But the pound has strengthened against all currencies not just the Baht. It’s much stronger against the US dollar and the Euro. That’s what I am basing my assumptions on. For sure the Baht May have weakened a little but the Thai government are somewhat reknown for currency manipulation keeping it strong. Good night.
Paul **********
@Mike ********
strange to see cross currency variations— if so money to be made. Baht is down to 30.9 this morning to $
Mike *********
@Paul *********
I hear that some of the currency speculator s have made loads of money lately. Just wish I could be one!! Cheers
Rob *******
ORIGINAL POSTER
@Mike ********
Why the abrupt response ? you could easy of answered without the "perhaps" & "just a guess" .

Perhaps you could be not so rude in responding to someone in future ? just a guess. cheers
Mike *********
@Rob ******
Not abrupt at all. Simply offering up a possibility as to the unusual gains. I am as surprised as anyone at the strengthening position of the GBP. For sure it’s outperforming other currencies against the baht. Perhaps you can offer a better reasoning? Cheers
Rob *******
ORIGINAL POSTER
@Mike ********
Starting with "perhaps" & ending in "just a guess" "cheers" is rude. i have no problem with your suggestion, but i didn't like the sarcastic & rude way you delievered it
Steve *******
@Rob ******
Why is it rude? Maybe English isnt your first language but Mike Carroll's comment certainly isnt rude, just a "perhaps" and a "guess"
Janice ***********
@Rob ******
wow. Wrong side of the bed this morning? I cant see anything at all rude in his answer.
Mike *********
@Rob ******
You are reading things that are not written. That is presumptuous and unfair. However just to make sure that you understand my feelings clearly on this matter, piss off you waste of space. You are denying other people valuable oxygen. Bollock to you. Goodbye
Tim *******
The pound is getting stronger against most currencies. Unsure why. Maybe because we are so far ahead with vaccinating everyone. Just a guess though
Steve *********
@Tim ******
youmight have a point.
Nick *******
@Shaun *******
.......well, aren't you just a ray of sunshine!
Shaun ********
@Tim ******
You arent ahead of people fully vaccinated,only half way done,and as the song goes living on a prayer, The UK is average in % comparison to other European countries off fuly vaccinated citizens,Just more bullshit from the media make most think that it is
Tim *******
@Shaun *******
what planet are you on. Germany is second to us with a total or around 10 million people vaccinated the U.K. is close to 27 million people. No other European country is close to the U.K.
Sabine *********
@Tim ******
I wish that was right:-( The graph you refer to (how many doses have been give per country) does not take the number of people living there into account. E.g., it does not sound much if a country got, say, 1 million doses. But if that country only has 1 million people living there, that means that 100 % got at least one jab or 50 % got both. Unfortunately, we only got dickheads ruling us in Germany who got nothing else on their minds than their own wallets... Second place in vaccinations in Europe is Serbia, which you'll see on the map (scroll down a bit) for which Shaun posted a link....
Sabine *********
@Shaun *******
The UK has about 40% vaccination rate. Serbia, being second in that rating, is at about 29%. All other countries are further below, and most often MUCH further below that rate! But I'm sure you know better...
Shaun ********
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/17/covid-19-vaccinations-in-europe-which-countries-are-leading-the-way
Shaun ********
@Sabine ********
Not 40% fully vaccinated ,
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/17/covid-19-vaccinations-in-europe-which-countries-are-leading-the-way
Hugh *********
@Shaun *******
This confirms that the UK is way ahead of all European countries, any way you slice it.
Shaun ********
@Hugh ********
The vaccine is recomended to be done with a 3 week interval,which is not being done ;This has been a reckless drive to get as many vaccinated for PR by Piffel & Co,, Why did they not follow the guidelines to administer those jags
Hugh *********
@Shaun *******
The recommendation is for the second jab to be after 3weeks (Pfizer), 4 weeks (Moderna) and 4-12 weeks (Astra-Zeneca), but no earlier. My understanding is that they are following this guidance, pushing the second as far towards 11-12 weeks to maximise the number of people getting protection from a first jab. Pfizer has said that the effectiveness may reduce until the second jab is taken if delayed to 12 weeks, but this is a trade-off the Uk government has decided to take. There is some evidence that the efficacy may improve by delaying the second jab.

Basically, there are trade-offs but it is not reckless to delay the second jab.
Marc ********
maybe because the thai economy is feeling covid
Rob *******
ORIGINAL POSTER
@Marc *******
Which would be an indiquater of it weakening
Marc ********
@Rob ******
yes and the UK is not feeling it as much as thailand. Just a guess though
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