Deleted
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Post by Deleted on Jun 27, 2016 18:16:49 GMT 7
27 June, 12.15 GMT 46.71.
The ten year low of 43.95 occurred on April 23, 2013.
At this rate of travel, we'll be below that by Wednesday.
A British pensioner in Thailand on £7000 a year has just lost 916 baht a month since the market opened.
Or 3,325 a month since the prevailing rate on referendum day.
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AyG
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Post by AyG on Jun 27, 2016 19:29:44 GMT 7
Except a British pensioner on GBP 7,000/year would not (based on that income alone) qualify for a retirement extension of stay, since that requires a monthly income of THB 60,000, roughly GBP 15,000 annually, so you need to double those figures.
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Post by Soutpeel on Jun 27, 2016 19:36:59 GMT 7
Except a British pensioner on GBP 7,000/year would not (based on that income alone) qualify for a retirement extension of stay, since that requires a monthly income of THB 60,000, roughly GBP 15,000 annually, so you need to double those figures. Assuming of course they went that route and not the 800k route...which maybe the only lump sum they have and are in fact living on GBP 7k
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Post by Deleted on Jun 27, 2016 20:21:33 GMT 7
Except a British pensioner on GBP 7,000/year would not (based on that income alone) qualify for a retirement extension of stay, since that requires a monthly income of THB 60,000, roughly GBP 15,000 annually, so you need to double those figures. Assuming of course they went that route and not the 800k route...which maybe the only lump sum they have and are in fact living on GBP 7k Or they are electronic wheel-spinning the 65,000 baht requirement through two Thai banks two months of the year, Or wandering down to Patts and forking over 25,000 baht tea money. You'd be amazed at how many are doing that. You'd be amazed at how many do it, and then go on to moan about illegal immigration into the UK.
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Post by Fletchsmile on Jun 28, 2016 11:47:09 GMT 7
GBP is down 11%+ since end of May. We saw various articles around touting numbers like the pound falling by a third if Brexit happened. That's another couple of falls the size of what's happened already.So there's definitely the risk that there's more and even much more to come. Maybe we're only a third the way thru. I think a third is exagerrated but you never know markets overreact. It's always difficult to call short term exchange rates. Any Brit planning on being in Thailand really should be thinking though how they'd get by if GBP/THB was 40 or even THB 30-ish. That should be part of their planning of what they'd need to do long term. May not happen or may not happen soon, but people need to think what they'd do if they had to budget on these rates as the new normal or even just temporarily. Personally we've done quite nicely out of Brexit in GBP terms. Down a little in THB terms. So to be honest wouldn't mind another couple of Brexits or similar in financial terms. Might even think about taking the Mrs seriously about moving back to UK if we get the house price crash thrown in as well
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smokie36
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Post by smokie36 on Jun 29, 2016 2:37:06 GMT 7
Can anyone lend me a thousand Baht for my visa?
Lololololol
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smokie36
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Post by smokie36 on Jun 29, 2016 2:39:06 GMT 7
I knew it...Fletch voted out.
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Mosha
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Post by Mosha on Jun 29, 2016 3:29:23 GMT 7
Have TAT said anything yet?
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Mosha
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Post by Mosha on Jun 29, 2016 13:46:48 GMT 7
Just go back from town. Pension is usually in Thailand on the 25th. Unless its' a w/end or holiday when its sent early. I got high 47s to the baht. The displays in the banks either turned off or broken. 3 of them? I asked and about 2 baht lower today.
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Post by Deleted on Jun 29, 2016 13:50:30 GMT 7
Just go back from town. Pension is usually in Thailand on the 25th. Unless its' a w/end or holiday when its sent early. I got high 47s to the baht. The displays in the banks either turned off or broken. 3 of them? I asked and about 2 baht lower today. That was good, the market rate just now just before the market opens is 47.06.
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Mosha
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Post by Mosha on Jun 29, 2016 14:16:47 GMT 7
At least I can relax for a month , but we are making plans on saving Should have said high 47s to the pound. Doh. 555
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Post by Deleted on Jul 1, 2016 5:33:41 GMT 7
46.67 at the close of play today - BBC reporting the pound has dropped by 1% in after market trading due to an announcement from Mark Carney in regards to quantitive easing, plus hinting at a cut in interest rates.
I read a figure yesterday so remarkable I won't mention it here - the level of UK debt being rolled over this year is astonishing. I reckon we're heading to low 40's soon.
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smokie36
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Post by smokie36 on Jul 2, 2016 19:01:54 GMT 7
70 by Xmas .
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Post by Deleted on Jul 5, 2016 17:02:33 GMT 7
11.00 a.m. GMT July 5th - 46.23
£1 = 1.31 USD
Credit Suisse reckon it will go to 1.22
Goldman Sachs reckon six months till the pound bottoms out.
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onionluke
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Post by onionluke on Jul 5, 2016 18:14:20 GMT 7
Crivens mon, i can purchase a pound for 10 HK dollars. I might be able to afford a round in the Oran Mor at that rate.
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