Posts Tagged ‘Thai Baht’

British Pound Bounces Back

Tuesday, September 19th, 2017

british pounds sterling - British Pound Bounces Back

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.

thai baht notes - British Pound Bounces Back

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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Bangkok Bank Exchange Rates

Wednesday, September 6th, 2017

Bangkok Bank Exchange Rates - Bangkok Bank Exchange Rates

Today I decided to check Thailand’s Foreign Exchange Rates at Bangkok Bank. Well, it certainly does not look pretty for some nations!

While the American dollar has remained consistent for years, it is not by any means holding a strong stance against the baht. It just sits there, as it has done for ages.

The British pound has fallen the most out of the world’s main currencies, whereas it was previously strong. In general, the piss poor pound has caused a lot of anguish for Brits travelling abroad to many countries.

Meanwhile, the Euro has continued to strengthen against the baht. It sits right up the backside of the British pound. Only a few baht separates the two rival currencies.

Here are today’s Buying Rates announced by Bangkok Bank…

USD = 32.74 (America $50-100)

EUR = 38.89 (Euro Zone)

GBP = 42.46 (United Kingdom)

AUD = 25.80 (Australia)

JPY = 29.86 (Japan)

 

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Daves Raves – 05/05/2011

Thursday, May 5th, 2011

Daves Raves, Weird Weather, Osama Bin Laden And Foreign Exchange Rates In Thailand.

town-lodge-hotel-bangkok-thailand

Daves Raves – From Irregular To Regular 

Several friends and followers of my website, have verbally demonstrated their frustration about the inconsistent posts on my website. (more…)

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Thailand Night Fever

Wednesday, July 2nd, 2008

JOHN SMITH\'S BITTER & STRONGBOW CIDER PROMO GIRLSLOW SEASON HIGH TREASON

The frugal folks among us sometimes misinterpret the low season with regards to Thailand’s nightlife scene.  They automatically think that the low season is time to come out of social hibernation.  With a sigh of relief they will say, “At long last the tourist season is over.”  Meanwhile, us party animals enjoy Thailand’s vast nightlife scene all year round.  We are so pleased to merrily party 12 months of the year.  But alas, the frustratingly frugal folk think that low season becomes their territory.  This can and often does backfire on them.  Are you sitting comfortably?  Then let’s begin… (more…)

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Thailand Night Fever

Wednesday, February 20th, 2008

SMOKING BAN IN A STATE OF CONFUSION

SOI COWBOY - BANGKOK - THAILAND - 05With some bars allowing smoking and other bars not, it does make the smoking ban look like a farce.  There are establishments where the so-called smoking ban has not been enforced whatsoever.  Once again, go-go bars are at the centre of the controversy.  In the Lumpini area (lower Sukhumvit Road), the Hotels and restaurants have been told they must enforce the smoking ban, but some bars in Nana Plaza are currently exempt.  In stark contrast, further along Sukhumvit Road, the bars in Soi Cowboy have been told to comply to the new law.  Down in Pattaya, a number of the go-go bar owners are allowing smoking, but they have been told to be discrete.  Word from Thai sources is that the smoking ban will be enforced eventually, but currently there is a grace period.  Understand that if you can!  Thailand’s Ministry Of Health (rather than the police) will apparently be checking to see who is complying to the smoking ban.  After May 31st, 2008 all hotels and public establishments must comply to the smoking ban, or face a 20,000 Baht fine.  So far, it looks like the ban has gone up in a cloud of smoke.  Meanwhile folks, it’s just another moment in the Land Of Make-Believe. (more…)

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