This is the current GBP-THB mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market GBP-THB exchange rate.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the GBP vs THB, you should pay attention to both British Pound Sterling and Thai Baht news and forecasts.
20-February-19: Given Brexit uncertainties, 2018 wasn’t too bad of a year for the pound. Although it lost 7.5 percent of its value against the US dollar, it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.
In early 2019, the pound has been resilient, having gained several percent against most of the other G10 currencies despite UK politics being in a state of disarray and with all Brexit options still on the table. Sterling remains well down when compared with its recent history though: at the time of writing, against the US dollar it was 12 percent lower than levels prior to the UK’s EU referendum in June 2016.
Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 should Article 50 be revoked and Brexit cancelled. GBP/USD was quoted at US$1.305 at the time of this report.
26-January-19: 2018 was a great year for the baht, with gains of 0.7 percent, 5.6 percent and 11.7 percent against the US dollar, euro and Australian dollar respectively.
2019, too, has begun with a bang. By late January, the baht had strengthened further to reach a 9-month high against the US dollar, at ฿31.51, and nearly a 4-year high against the euro, at ฿32.92. The baht was trading against the Australian dollar at levels last seen in 2009, in the mid-฿22s!
The baht has been well supported since the Bank of Thailand finally commenced with the process of monetary policy normalisation in December, in which the Bank raised its benchmark interest rate for the first time since 2011, from a near-record low.
The chairman of the Federation of Thai Capital Market Organisations predicted in January that the baht would continue to appreciate over the medium to long term as capital flows return to Thailand in the face of a more gradual rise in US interest rates.
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