Pattaya News (August 2020) Is the Thai Baht going to continue to weaken. What is the future? | ข้อมูลโดยละเอียดเกี่ยวกับ cryptocurrencies

2004 75thb to £1

In 2007 I got 69.50 TB to the GDP.

Is the Thai baht strong or is simply strong against the British pound?
Antidotaly, it seems it has been relatively constant vs USD.🍺🍺

74 to uk pound 2007

2005 it was 70baht

Back in 1995 the Baht rate was around 60 to 65 Baht to one US dollar.

The Thai Baht has been increasing in value over the pass 20 years but last went march 2019 and if you got 41 baht to the pound you where lucky.
What is a worry is that if the baht was to weaken would our pound also weaken with the UK been battered (with what's been going on worldwide)

Once Brexit occurs, there will probably be a relief rally in Sterling that will move it up by around 5% against most currencies. I think that is the short term outlook and it probably won't last. My base currency in actually Chinese Yuan and the exchange rate is basically the same as it was a decade ago – although over the past 5 years it too has lost value against the THB and is well off its 2015 peak. In general, Thailand receives large capital inflows from tourism (not really in 2020 though) and has a regular trade surplus – even now. This is in part attributable to lower imports due to weak economic growth. The main factor though is without doubt the fact the the Bank of Thailand is quite hawkish in terms of interest rate policy (in 2019 they were hiking), leading to low to no inflation and has not resorted to QE. This makes it a nice currency to park some funds in for speculators, especially those from the south east Asian region whose own currencies are less stable or recognized. Personally, I think the outlook for Emerging markets is bright in 2021 and beyond. This should see further balance of payments moves in favor of THB appreciation and this will conflate with the return of tourists. I would expect most developed nations economies to continue to under perform as they work off the impact of the virus and print more money to redress the economic effects. This is all baht positive. Only commodity currencies like AUD or MYR are likely to be able to maintain pace with the Baht. The dollar, pound and Euro certainly won't.

Highest i ever experienced is November 2020

Your Bias towards the Pound ,, There’s other currencies in the world 🌎, Kev in Thailand 🇹🇭 RIP always showed the Baht against US Aud pound Can ada $ Etc Etc ,people want to know 🙀⁉️🇦🇺🇦🇺🇦🇺🇦🇺

I got 64 baht to pound in 2008

Great video mate,
Thailand is such a popular destination,
It has it all for a tourist.
I think the Thai government knows people will be gagging for a holiday when the Thai borders open,so I think it will stay around where it is.
74 baths to the pound April 2004

Anybody moving to another country should always plan on worst case. Prior to the asian crash in 1997, the exchange of the UK pound to the Thai baht was the same as now. I first started going to Thailand in 1989, the exchange rate was 40, and it actually dropped to 36 a few years later. Unfortunately it is not low now, it has just taken 20 years to get back to its correct level. Without another asian crash, the rate will stay as it is now for many years to come, but we are now in uncertain times due to covid, so who knows.

2 sides to this…..for those of us getting paid in THB and are in a position to send money to UK (I hope to soon!) then the strong Baht works for us, however totally accept the point as I have had to move money from UK to Thai over last 2 years and was nearly in tears when it fell to 36….. The good old days of 70+ will never return for sure but would be good to see it crawl back up to 50…… Just found your channel and will hit the red button directly after this as a new subscriber…. good luck and keep the vids flowing….. nice to see a newbie channel as some of the others are getting very boring now….. CHEERS

Nobody knows the future,
Especially Thailand

The government and the don't want to devalue the Thai Baht they don't really care about the poor Thai people as they have all the money . The import duty is a big joke too . Surely if they dropped the import duty they could do more business with buying and selling products . All the farmers here can't export there produce now as the baht is so strong but the gov do nothing . As the young Thais now have the internet they can see how the rest of the world is run and are starting to wonder why they are suppressed

Also factor in right now despite current government in charge, there has been stability for the last 5 years and also like a few have said. Manufacturing and agriculture also play a part.

Yes the Brexit vote, when we voted to leave the EU, plummeted in a matter or hours from 55 baht to 47 baht. Will it improve once we have formally cut ties with the EU on 31st December 2020? Who knows.

Only glimmer of hope is that Thailand needing income from tourism, even if the current government ended up with major face loss with the STV visa and no Chinese actually applied for this. May have to admit defeat that they need tourism in general to kick-start their economy and not rely on Chinese elites with huge bank accounts with a reluctance to spend money to normal businesses in favour of lavish shopping establishments and upmarket hotels.

1998,84 to the£.3 weeks hols out every night,parted all night and still had cash left to go back uk.