Posts Tagged ‘Euro’

British Pound Bounces Back

Tuesday, September 19th, 2017

It’s been a good week for the British pound, as it surged against both the American dollar and the Euro.

In what can only be described as a sudden turnaround, the pound has made a surprise comeback. Last week the sterling rose to a one-year high of $1.327 against the American dollar.

Similar to a scene from a Rocky movie, the British sterling was “pounded” against the ropes, but has come out on top. The previous fear of Brexit sent the pound into a spiraling descent, with the Euro continuing to gain in strength for some time now.

The spike in the pound is largely due to the threat of the British Government being forced to raise interest rates. The reason is linked to a rise of inflation, as the decision looms in the British financial atmosphere.

Regarding a very strong Thai baht, there has been some national criticism of the Thai government. Some locals are saying it’s affecting the export market and also that Thailand is becoming a more expensive option.

However, there is more good news for Brits, as the pound has also risen against the Thai baht. A number of disgruntled Brits will say, “About bloody time” and they will no doubt expect more. But, the poor performance of the pound has really affected Brits abroad. Also, the staggering strength of the baht has dented the fixed income of expats, especially British pensioners living in Thailand.

Dare we say the pound is starting to look bullish?! Let’s hope the pound continues to rise to around 50 baht, where it will really start to gain attention.


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The Euro Hits Record High

Friday, September 1st, 2017

The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes.

The economic damage caused by “Hurricane Harvey” has led financial analysts to believe the US central bank will not want to risk curbing economic growth.

American experts say, a rise in interest rates tends to draw investors to a currency, taking advantage of the higher returns.

Meanwhile, the euro has itself been gaining against a range of currencies, as the economy improves in the eurozone.

Against the dollar, the euro has risen by almost 15% so far this year. In addition, the euro continues to strengthen against the UK pound and the Thai baht. 

I am no expert, but it might be time to buy some euros.

News Source – BBC News


My Email – davetheravebangkok@gmail.com

Is The Thai Baht On Steroids?

Friday, September 10th, 2010

An incredibly strong Thai baht continues to crush foreign currencies.  In particular, the American dollar has fallen to a record 13-year low.  The buying rate for 1 US dollar is now just 29.67 Thai baht.  This is bound to raise alarm bells.  The Euro has also nose dived and 1 Euro is now 38.62 Thai baht.  Some people in the financial sector feel that the Thai government should intervene.  Thai Prime Minister Abhisit Vejjajiva has warned that the Thai baht could well rise even further.  Below is a link to the full news report, plus a link to Bangkok Bank’s foreign exchange rates…

NEWS STORY – PM Abhisit Warns Baht May Rise Even Further

BANGKOK BANK – Bangkok Bank Foreign Exchange Rate Page

PATTAYA CITY NEWS – Two Killed By Canadian Drunk Driver