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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
2 years 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.
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Peter *********
I keep syphoning a bit into my thai bank. Let's hope it gets to 45 +
2 years 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.
2 years ago
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Juan ********
And blow!!????
2 years 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!
2 years ago
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Andreas **********
43 rate now far better than 37 last year ffs
2 years ago
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Andreas **********
thats all the fekers gave me in phetchabun grrrr waited till came see boys in pattaya too exchange
2 years ago
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Martyn ***********
@Andreas *********
 it wasn't 37 last year at anytime... Lowest was over 40 in the last 12 months.
2 years 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!
2 years ago
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Peter *********
@Hakim ***********
 43 + is better than the 37 it went down to
2 years ago
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Ronald *********
ORIGINAL POSTER
@Hakim ***********
 Never will reach those past rates again, it is good in today's climate.
2 years ago
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Ronald *********
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Thomas *********
If you can get over 44 take it
2 years ago
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Rok ********
Not long time ago was 52 … those were the days !!!!
2 years 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.
2 years ago
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Steve *******
@Ronald ********
 It was 52 before Brexit, 2 weeks later it was 38!
2 years ago
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Martyn ***********
@Steve ******
 it didn't take 2 weeks it was nearer 2 days...
2 years ago
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Steve *******
@Martyn **********
 It certainly dropped like a stone!
2 years 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.
2 years ago
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Ronald *********
ORIGINAL POSTER
@Martyn **********
It's as strong as you are going to get, these days.
2 years 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.
2 years ago
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Martyn ***********
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Kevin *******
2 years ago
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Kevin *******
Forecast is 66 later in the year ! I have crystal balls !
2 years ago
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Jeff *******
@Kevin ******
 don't bet your house on it
2 years ago
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Kevin *******
@Jeff ******
 no but I'll bet yours
2 years ago
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Kevin *******
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John *********
43.43
2 years ago
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Russell *******
Should reach 45 in July
2 years ago
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Graham *********
@Russell ******
 ..need reverse...54
2 years ago
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Russell *******
@Graham ********
 ?
2 years ago
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Russell *******
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Ian *****
Strong.....from a weak sterling position for past few years yes maybe
2 years ago
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Jack *********
US seems the same as always.
2 years ago
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Steve *******
Strong isn't the word I'd use but it is going very slowly in the right direction
2 years ago
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Martyn ***********
Define strong? 43 isn't strong.... Change some and edge your bets, nobody can see the future.
2 years ago
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Ronald *********
ORIGINAL POSTER
@Martyn **********
 It is in the current market.
2 years ago
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Steve *******
@Ronald ********
 Not really, it was stronger during Covid.
2 years 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...
2 years ago
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Martyn ***********
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Barry **********
What’s the rate
2 years ago
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Ronald *********
ORIGINAL POSTER
@Barry *********
 43.4
2 years ago
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Steve *******
@Barry *********
 43.39
2 years ago
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Barry **********
@Steve ******
 nice one I’m back in September
2 years ago
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Barry **********
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Lynnette *******
I had to transfer today. But rate was better than last week.
2 years 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.
2 years ago
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J ******************
Many currencies are just now for the past couple of days especially. The THB received some negative comments.
2 years ago
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Peter *********
Yes
2 years ago
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Peter *********
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