Guest lvdkeyes Posted December 9, 2008 Posted December 9, 2008 I don't understand why I consistently get a higher rate than is posted here. :rolleyes: Quote
Gaybutton Posted December 9, 2008 Author Posted December 9, 2008 I don't understand why I consistently get a higher rate than is posted here. :rolleyes: I wouldn't complain about it . . . Most likely it has to do with the time of day when you withdraw money. I post the opening rates, which usually appear about 8:00am, and the closing rates, which usually appear around 5:00pm. During the day the rates constantly fluctuate. Also, since you're withdrawing from a foreign bank, maybe you're getting an offshore rate. I have no idea why or how it works, but offshore rates seem to be better than the rates within Thailand. Quote
Guest lvdkeyes Posted December 9, 2008 Posted December 9, 2008 I wouldn't complain about it . . . It was not a complaint, just a rhetorical comment. Quote
PattayaMale Posted December 9, 2008 Posted December 9, 2008 I was hoping I would be able to buy 36 baht for 1 US dollar but see that the baht peaked at 35.8 and is now heading down. Since it is almost Christmas, I need every satang to buy what my Thai friend is hoping for. Quote
Gaybutton Posted December 10, 2008 Author Posted December 10, 2008 Wednesday, December 10: Today is a public holiday. Exchange rates are not published today. Quote
Gaybutton Posted December 11, 2008 Author Posted December 11, 2008 Thursday, December 11 OPENING RATES: US Dollar: 35.16 Euro: 45.685 British Pound: 51.995 Australian Dollar: 22.975 Canadian Dollar: 27.8425 _____ CLOSING RATES: US Dollar: 34.83 Euro: 45.80 British Pound: 52.11 Australian Dollar: 22.97 Canadian Dollar: 27.775 Quote
Guest Steve1903 Posted December 11, 2008 Posted December 11, 2008 British Pound = 52.11B. Oh for the good old days of...well just a couple of years back, last time I was there it was about 70B to the pound. And now the £ and Euro are almost 1 for 1. Gad this is depressing stuff. Quote
Gaybutton Posted December 12, 2008 Author Posted December 12, 2008 Friday, December 12 OPENING RATES: US Dollar: 34.85 Euro: 46.095 British Pound: 52.185 Australian Dollar: 23.175 Canadian Dollar: 28.0825 _____ CLOSING RATES: US Dollar: 34.78 Euro: 46.31 British Pound: 51.935 Australian Dollar: 22.7125 Canadian Dollar: 27.7975 Quote
PattayaMale Posted December 12, 2008 Posted December 12, 2008 The difference of the US dollar to the Baht had a big fall yesterday of almost .5 baht. I keep reading that the Thai economy is on the brink...as is the US, but I am surprised that in just a few days the dollar is worth one less baht Quote
Guest Astrrro Posted December 12, 2008 Posted December 12, 2008 Here's a link where you can view the historical FX rates used by Siam Commercial Bank. You can also see how the rate changes throughout the day. Just click on a listed time on a particular date to see the rates. Siam Commercial Exchange Rates Quote
Gaybutton Posted December 12, 2008 Author Posted December 12, 2008 I keep reading that the Thai economy is on the brink...as is the US, but I am surprised that in just a few days the dollar is worth one less baht. It's not just the US dollar. Today, with the exception of the Euro, all the major western currencies slid against the baht. I have given up trying to understand why. It would seem to me that in light of all the turmoil in Thailand and the residual effects, the baht would have fallen against other major currencies. Is there anyone out there who knows enough about economics who can explain it to those of us who don't understand? I was expecting the baht to be in the 36's against the US dollar by now. Instead, it's back in the 34's. What's keeping the baht so strong? Quote
Guest lvdkeyes Posted December 12, 2008 Posted December 12, 2008 On CNBC they seem to think the $ dropped because the Senate refused to bail out the auto industry. Quote
Gaybutton Posted December 15, 2008 Author Posted December 15, 2008 Monday, December 15 OPENING RATES: US Dollar: 34.68 Euro: 46.575 British Pound: 52.02 Australian Dollar: 23.015 Canadian Dollar: 27.89 _____ CLOSING RATES: US Dollar: 34.67 Euro: 46.595 British Pound: 51.88 Australian Dollar: 22.875 Canadian Dollar: 27.94 Quote
PattayaMale Posted December 15, 2008 Posted December 15, 2008 GB, Maybe you need to change the title of the thread to "Exchange rate falls to 34 baht to the dollar" Do you think now that a new government has been elected the baht will get stronger? I think I need to go shopping before things get worse. Euro Boys for sure tonight Quote
Gaybutton Posted December 15, 2008 Author Posted December 15, 2008 Do you think now that a new government has been elected the baht will get stronger? To tell the truth, I don't know what to think anymore. Now that the Prime Minister election has taken place, I'm going to continue these posts for the rest of this week. If there are no major changes by Friday, that's when I'll end this thread and start a fresh exchange rate thread if significant changes occur later. As of 2:00pm, the US dollar to baht exchange rate hasn't changed at all since this morning. It's still 34.68. That's unusual. Quote
Gaybutton Posted December 16, 2008 Author Posted December 16, 2008 Tuesday, December 16 OPENING RATES: US Dollar: 34.60 Euro: 47.29 British Pound: 52.82 Australian Dollar: 22.96 Canadian Dollar: 27.9325 _____ CLOSING RATES: US Dollar: 34.56 Euro: 47.125 British Pound: 52.59 Australian Dollar: 23.0475 Canadian Dollar: 27.84 Quote
Gaybutton Posted December 17, 2008 Author Posted December 17, 2008 Wednesday, December 17 OPENING RATES: US Dollar: 34.43 Euro: 48.34 British Pound: 53.605 Australian Dollar: 23.7425 Canadian Dollar: 28.4425 _____ OPENING RATES: US Dollar: 34.32 Euro: 48.265 British Pound: 52.98 Australian Dollar: 23.66 Canadian Dollar: 28.26 Quote
mahjongguy Posted December 17, 2008 Posted December 17, 2008 There seems to be a general feeling that the value of the baht compared to other currencies has a lot to with current events, that political turmoil is a big factor. That's just not the case. It's money, so it's much more about interest rates and trade imbalances and such. The recent climb of the USD vs. THB had little to do with a "weak baht". It was about a flight to quality strengthening the dollar. Now, yesterday's unavoidable cut in US interest rates has turned the dollar around, falling somewhat against the baht and most other currencies. Gaze into the future and place your bets as you will, but predicting currency rates has few rewards. Yes, in a few months Thailand will be cutting interest rates further and exports will be a fraction of normal. Will that mean a cheap baht for you? That will depend entirely on the strength of your home country's currency. Relative to the baht, it might be better or it might be worse. Quote
Gaybutton Posted December 18, 2008 Author Posted December 18, 2008 Thursday, December 18 OPENING RATES: US Dollar: 34.19 Euro: 49.235 British Pound: 52.99 Australian Dollar: 24.0175 Canadian Dollar: 28.5875 _____ CLOSING RATES: US Dollar: 34.16 Euro: 49.85 British Pound: 52.925 Australian Dollar: 24.055 Canadian Dollar: 28.6475 Quote
Gaybutton Posted December 19, 2008 Author Posted December 19, 2008 My apologies. I didn't have time this morning to post the opening rates, but here are the closing rates. I'm going to stop these posts for the time being. If the US dollar to baht exchange rate falls below 34 or looks as if it's going to get up into the 35's again, then I'll continue these posts on a new thread. Friday, December 19 CLOSING RATES: US Dollar: 34.26 Euro: 49.145 British Pound: 51.485 Australian Dollar: 23.2725 Canadian Dollar: 27.625 Quote
