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  1. #21
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    It would be pretty amazing to see the baht go up to 70-75, but I'm not sure if it'll happen anytime soon... To be fair I'm not a macro-economist, so couldn't give a qualified prediction on these matters - but from what I know, the days of 75+ to the pound (in all likelihood) can sadly be seen as an economic abnormality, rather than the "norm."

    For instance, in the early 2000s, Thailand and the other former "Asian Tigers" were still emerging from the devastation caused by the 1997-98 Asian Financial Crisis (where the baht pretty much went into freefall!) At the time same time, the UK economy was surging, boosted by shooting-star housing prices and a strong services industry.

    And now... well, the opposite is almost true The UK economy has since had pretty much zero growth since 2010, whilst Thailand - despite the floods last year - is expected to grow its economy by 6.5% in 2012 alone!! To put that into perspective, the UK economy contracted by 0.3% over the last 3 months.

    Additionally, Thailand learned the hard way from the 1998 crash about currency devaluation. As a result, successive governments have accumulated significant foreign currency reserves (mostly US dollars) - without going into too much depth, this essentially means that anytime the baht gets too weak, the Thai government can simply draw down on some of its foreign reserves and strengthen the baht right back up (thereby insuring against a repeat of '98)

    On the bright side, the British pound fortunately happens to be one of the strongest and most stable currencies in the world (3rd actually, behind the US dollar & euro.) This means that, hopefully, we shouldn't see the exchange rate deteriorate much further in the future

    So, yeah, whilst I wouldn't rule out the baht going back up to 70 over the next few years, I'd say it's much more likely to be stuck in the 45-55 range!
    Last edited by falcon999; 30th Jun 2012 at 12:21.

  2. #22
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    I know what'll happen. We will just about have finished building our house up in the village and the rate will shoot back up to 70. That would just about sum up my financial luck.

  3. #23
    Premium Member Gary & Nok's Avatar
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    Hurry up and finish the thing then
    We won our trophy back
    Champions Champions Champions

  4. #24
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    Good one.

  5. #25
    Furniture เฟอร์นิเจอร์ the_link's Avatar
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    My wife and I go to LOS in less than two weeks and hope to purchase house. If the f/x rate remains in its present state then we'll deem it about the best we can get.

  6. #26
    Serial Poster ผู้โพสต์ต่อเนื่อง colin244's Avatar
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    falcon999 is correct in his summary and we better get used to the 50THB/1GBP as it's here to stay but better than some other currencies to the Baht.

    On the subject of foreign reserves again falcon is right as most of the far eastern countries especially China have huge amounts of USD/GBP etc so we better get used to it as it won't change soon unfortunately.

    colin 244

  7. #27
    Forum Regular สมาชิกประจำ
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    Quote Originally Posted by falcon999 View Post

    On the bright side, the British pound fortunately happens to be one of the strongest and most stable currencies in the world (3rd actually, behind the US dollar & euro.)
    Less strong and stable than the Euro...that is fortunate

    Since 1990 the yearly average GBP/THB is 55.3




    Yearly Average Rateseve Data




    Result of your query for GBP/THB
    Year
    Average Rate
    1990
    45.708156
    1991
    45.040347
    1992
    44.868549
    1993
    38.013264
    1994
    38.533180
    1995
    39.333752
    1996
    39.580694
    1997
    50.928796
    1998
    68.335851
    1999
    61.233366
    2000
    60.737796
    2001
    64.062237
    2002
    64.484783
    2003
    67.916268
    2004
    73.937365
    2005
    73.008596
    2006
    69.845974
    2007
    64.801588
    2008
    60.999790
    2009
    53.668450
    2010
    49.013664
    2011
    48.886638
    2012
    49.079265
    Average
    55.305146


  8. #28
    Forum Regular สมาชิกประจำ
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    Obtained 49.20 today... over the counter.

    Kev

  9. #29
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    55-60 would be nice.

    Thinking of buying somewhere in Bkk in about 3 years time. Would make a big difference on £100k.


    Nick

  10. #30
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    It would! Hope it does

    We bought our house up in Khon Kaen just over 2 years ago. The rate i got then was just under 48, which made me think twice about buying. It's quite a big place with some land. However, the increase in property/land prices in the area have made it more than worthwhile.

  11. #31
    Furniture เฟอร์นิเจอร์ the_link's Avatar
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    Quote Originally Posted by prioritypress View Post
    Thinking of buying somewhere in Bkk in about 3 years time. Would make a big difference on £100k.
    That's a lot of money even for BKK, Nick. You must be loaded.

  12. #32
    Old Hand มือเก่า prikphet's Avatar
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    What you thinking of Nick, Downtown Condo or house on the outskirts ? Our family house is not far from Don Meung - I'd ideally in future like to have a down town condo but seriously worry about the maintenance situation (renting maybe better).

    Going to be many years before we're in a situation to even think about it - but I do wonder if there's money to be had buying a good downtown condo now or whether the maintenance situation will leave these to go to ground ?

  13. #33
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    A house design that we are looking at is 1m Baht in Bangkok. Up in the sticks we can get the same for 300,000 baht according to Bob (the local builder, he was fuelled on a bit of Lao Khao at the time. Funnily enough so was I when i agreed to the project)

  14. #34
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    Quote Originally Posted by prikphet View Post
    What you thinking of Nick, Downtown Condo or house on the outskirts ? Our family house is not far from Don Meung - I'd ideally in future like to have a down town condo but seriously worry about the maintenance situation (renting maybe better).

    Going to be many years before we're in a situation to even think about it - but I do wonder if there's money to be had buying a good downtown condo now or whether the maintenance situation will leave these to go to ground ?
    Going to be a few years before we save up the money but probably a house on the outskirts.

    http://www.sansiri.com/en/main/

    http://www.sansiri.com/singlehouse/S...rama9/en/home/

    Condo prices are high for what you get size wise. I just see so many being built and not enough people to buy them (Spain etc ring any bells?)

    Would love to build a place like this for £260k!

    http://www.officeat.com/?p=582

    All depends on if we sort ourselves out financially and have kids in the next few years....


    Nick

  15. #35
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    A nice detached home not to your liking, Nick?

    I'm of the opinion that a communal home will soon become redundant.

  16. #36
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    I'd love a condo in the middle of Bkk but the size and location I'd like are a bit (a lot ) out of my price range.


    Nick

  17. #37
    Old Hand มือเก่า prikphet's Avatar
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    Quote Originally Posted by prioritypress View Post

    Would love to build a place like this for £260k!

    http://www.officeat.com/?p=582


    Nick
    Maybe Wolfy's builder mate would one up for a few bottles of Lao Kao + Materials

  18. #38
    Serial Poster ผู้โพสต์ต่อเนื่อง colin244's Avatar
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    Interesting the average table from Mal and 2004 (first time I went to LOS) was an exceptional one although I did not know it at the time and thought 70 ish was the norm but have since woken up

    colin 244

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