USD tanking against Thai baht.

[toffo]

And they wonder why Exports are sooooo Bad when they keep propping up an inflated Baht

[urleft]

The rate is dropping, currently about 35.4 to $1. 

Must say I am glad i transferred with I did as that is over a 1/2 baht difference. 


But then just look at last year about this time:

32.55 to 1 USD.  Getting back up there.

 
 
That 3 baht made a sizable difference for me.
 
 

[urleft]

Wow, best rate is 35.08 to $1. 


The 1 baht+ rate difference I got in January is looking like I was really smart to make the exchange then. 

[urleft]

Wow, exchange hitting 32.8 to $1.    Time to transfer. 

Just a reminder of where we were last year. 


If your money is coming from your expat country of citizenship, looks like you are much better off this year and opposed to 2015. 

[Starman]

With my new vested interest in the US dollar, that is very nice. Thank you.

[urleft]

All rates for the USD now under 35 to $1.   

[urleft]

My favorite rate site (Day to Day) is down, looks like it is gone.  But the current rate is around 35 Baht to $1. 


However, if you want some fear mongering, the dollar is supposed to collapse on 28 May:

https://www.youtube.com/results?search_query=dollar+collapse+2016

I think I'll go on vacation.   

[DeputyDavid]

Thinking of opening US dollar account at Bangkok bank to be able to trade back and forth as the market dictates. Anyone doing this now?  Are the transfers immediate?  Thanks!

[urleft]

Thinking of opening US dollar account at Bangkok bank to be able to trade back and forth as the market dictates. Anyone doing this now?  Are the transfers immediate?  Thanks!

DD, it depends on your bank.  I use USAA and it can take days, but while sitting in Patts talking high finance a guy mentioned that he used Chase and the exchange was almost immediate. 

[DeputyDavid]

Both chase and Schwab are 3 days. That's why I was thinking about the currency account here.

[urleft]

Both chase and Schwab are 3 days. That's why I was thinking about the currency account here.

I meant that a currency exchange between a US Bank and the Bangkok NY Branch was almost immediate for some, my experience has been the NY BB branch takes at least a day to process it.  After 2 days I would send a query to the BB NY Branch and wooosh, the money appeared the next business day. 

BTW, when doing a BB funds transfer I have checked at 9 am and the funds were not posted, but at noon (Thailand time) they appeared.

[urleft]

Rate has been fairly stable at around 35 to $1 for a while now. 

http://www.xe.com/currencyconverter/convert/?From=USD&To=THB

Any insight on rate predictions?

[smoooth2]

Rate has been fairly stable at around 35 to $1 for a while now. 

http://www.xe.com/currencyconverter/convert/?From=USD&To=THB

Any insight on rate predictions?

A few years ago I tried to set up an account with xe.com

Ridiculous amount of personal info required. Silly in the extreme. Email after email, with no apparent end in sight to their requests. Hopeless.

I gave up in the end and set up a client account with a Sydney based Aussie FX company. Easy set up, and have been dealing for 3 years with 100% satisfaction.

Also, this Oz company advertises "customer rates". What you see is what you get. Perfect.

xe.com advertises mid market rates. What you see, is NOT what the average customer gets.

[DeputyDavid]

Rate has been fairly stable at around 35 to $1 for a while now. 

http://www.xe.com/currencyconverter/convert/?From=USD&To=THB

Any insight on rate predictions?

In a recent article in the paper we can not mention that is printed in Bangkok (so you know it has to be accurate) the banks predict about 35.5 by 3rd quarter, and 37 by end of year.  Lets hope.

[urleft]

The conversion rate is still about 35 to $1.   But I have been checking my funds based on the Brexit, I have not lost a dime.  All my funds are gains. 

So from my limited standpoint the Brexit vote had no effect on my retirement standards. 

And it seems the losses are being recovered:

FTSE 100 erases post-Brexit losses as buying bonanza fuels rebound
http://www.telegraph.co.uk/business/2016/06/29/ftse-set-to-open-higher-as-post-brexit-rally-gains-momentum/


Hope the Pound increases in value for you expats.