Sterling X rate down to 47.70 to the £1!!

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Sterling X rate down to 47.70 to the £1!!

Post by READ-THIS » January 21, 2009, 8:44 am

WELL who would have thought it ? i wonder how many english people out the have got a cut off point eg ( if pound sterlin drops below 45 (they will not find it possible to live in thailand anymore) :yikes:
I mean we all know in our life what is nice for example im sure if most of us brits could afford it we would not be here in a remote part of Thailand , we would all be seeing our last days out on the tropical Fuji Islands or somewhere similar but the fact of the matter is Thailand has become to expensive for some of us ,hence some brits will have to go back to the grey mist of the uk, to spend our last days in England attending boot and steam fairs, trips to the coast margate and play the prize every time attractions while watching the young chav's walking up the road like Penguins with the fear if you look at them you may well end up being stabbed, all fun back in the uk.
who feels bitter about gorden brown cutting the intrest rates to support those nice people that lived on credit all their life? now the economy is bad people spin round with stupid expressions on their face and have no money to pay their loans back (ie new cars new this new that bla bla bla) now the situation has snowballed to us who live out here .

:censored: never a frown with gorden brown :censored:
Last edited by arjay on January 21, 2009, 9:21 am, edited 1 time in total.



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Re: 47.70 GBR WTF

Post by READ-THIS » January 21, 2009, 8:58 am

47.32 GBP :yikes:

:censored: never a frown with gorden brown :guitar: ( labour yes kindly send 20m to gaza xxxxxxxx Text deleted by Mods)

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Re: 47.70 GBR WTF

Post by arjay » January 21, 2009, 9:15 am

Please make your topic titles a little more understandable. I've amended it and moved it to the appropriate Forum. Thanks

I see some rude text has been removed earlier.

Yes the sterling rate is grim to dire at present!

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Re: Sterling X rate down to 47.70 to the £1!!

Post by READ-THIS » January 21, 2009, 9:27 am

sorry ajay ... any work down in udom map for me i need to earn in baht not get hammerd everytime i use my HSBC premier debit uk card

laphanphon

Re: Sterling X rate down to 47.70 to the £1!!

Post by laphanphon » January 21, 2009, 9:30 am

i like his title better WTF, ouch, thought the USD sucked. what happen to almost 2 to 1 pound/dollar. i thought we were getting killed, deservedly so, since almost bankrupt. good luck. and it could be worst, you could be sending billions instead of millions to middle east like USA...........welcome to the club, it sucks. :evil:

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Re: Sterling X rate down to 47.70 to the £1!!

Post by mortiboy » January 21, 2009, 9:38 am

Compared with last year, The exchange rate to the pound/baht has declined every month.I am"losing" 400 pound a month compared with last years exchange rate.
It's ironic my Aviator seems now to becoming a reality. :roll:

All we ever hear is "the pound will bounce back!"....WHEN? When, and if it does all the brits will be back in depressing UK under the thumb of the tight fisted Government by then.

I would never return to Uk ...ever! If,I HAD to leave this,my home,I would go to another eastern country rather than Go back to UK.Maybe Laos(Is the exchange rate more favourable?)
Fortunately, I rent house now so I wouldn't lose much leaving.

Another point ,I am wondering what the immigration is basing the exchange rate to the pound when "begging" for retirement Visa. When I renew mine, I wont qualify anymore financually

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Re: Sterling X rate down to 47.70 to the £1!!

Post by READ-THIS » January 21, 2009, 10:03 am

go back to the UK arhhhhhhhh noooooooo i think i sell my house and buy 20000 Ecstasy tables and take a overdose on the full moon party of Koh Phangan rather than go back to the grey mist of england

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Re: Sterling X rate down to 47.70 to the £1!!

Post by rick » January 21, 2009, 10:16 am

I think there could be a few gaps in the old thin red line of Brits in Udon if these rates stay for long. I know I thought that i would be pretty safe basing my calculations on 50 baht / pound, only took a year to screw that up. Like Mortiboy, the retirement visa (certainly the 65,000 baht one) looks pretty remote now. This could make Thailand retirement turn into a part-time event. Maybe we will need to barter services to one another? Share the 800,00 baht for the visa? (2 month loan, anyone?). Looks like I will be living off the TGF more than she will me, wonder how long that will last. A good test of character!

Also, with interest rates plummeting down, cannot even live off savings without heavy drawdown of capital. Only a rapid recovery in the world economy will offer a way of surviving, but probably to late for many - i reckon it will be 2010 before we see even a modest recovery.

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Re: Sterling X rate down to 47.70 to the £1!!

Post by aznyron » January 21, 2009, 10:53 am

I just want to ad the GBP is getting 25k dong to the pound (vietnam) in Jan 10 2007 it was getting 31K
so your losses are not as bad in Vietnam my USD is getting 17.8 to 1 which is very good
so why is the USD good & brit pond down in Vietnam and both are down in Thailand
more smoke & mirrors but mostly B/S

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Re: Sterling X rate down to 47.70 to the £1!!

Post by arjay » January 21, 2009, 10:59 am

You'll soon be able to spot us Brits. We'll be the ones stood outside, looking in through the window, sharing a bottle of beer (bought from 7/11) between 5 of us, each with their own straw of course! :shock: :lol: :lol:

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Re: Sterling X rate down to 47.70 to the £1!!

Post by aznyron » January 21, 2009, 11:11 am

Arjay the doom & gloom is only here in Thailand I have been doing some research of the currency exchange rates of different S/E asian countries and I find only Thailand is F**** us the rest are giving us a better rate for our money and yes the GBP is down some but not like here and the funny part is they are all communist countries which are being more honest than Thailand in the exchange rate some thing to think about

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Re: Sterling X rate down to 47.70 to the £1!!

Post by stattointhailand » January 21, 2009, 11:24 am

On the bright side (if there is one).

Anyone who paid for a house back in the "good old days" when there were B70+ to the pound, has seen their investment grow (sorry wife's investment grow :fryingpan: ) A house that was say 35,000 quid then, is now worth (even allowing for the drop in house prices) about 50,000 quid.

Also, anyone bringing their B800,000 over and puting it in a Thai Bank account, has seen that money appreciate from about 11,000 quid to 18,000 quid.

Just trying to find a reason to stop you lot from throwing a noose over the nearest Banana tree [-X

And another thing ....... cigs are still 1 quid a packet not 5 quid as in UK
Golf is still about 15quid a round, not 50 quid plus as in UK
Petrol is still ..........
Sexy young nymphos are still ........
Beer is still ..........
Electricity is still ...........

I for one couldn't afford to return to UK, unless I just sat in front of TV all day and drank water ....... on second thoughts, I wouldn't be able to afford the TV ........ or the water if it was on a meter :yikes:

laphanphon

Re: Sterling X rate down to 47.70 to the £1!!

Post by laphanphon » January 21, 2009, 11:47 am

whew, the glass is back to half full. some good points, as i don't think anyone is leaving soon, since most have a thai partner. lucked out myself on housing market, built in favorable exchange, sold in favorable exchange, made it look much better at sale time, in dollars as most was transferred in states.

no real estate taxes

no school taxes

federal, state, county, local income taxes..............too poor.

no overprice auto insurance.

usually one meal out in almost a restaurant, unless going up market, Irish Clock, Nobi's, Green Leaf. no matter where, tasty and well priced.

:guiness: :guiness: :guiness: :guiness: :guiness: :guiness:

and a few new friends :drunk: :drunk: :drunk: :drunk: :drunk: :drunk:

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Re: Sterling X rate down to 47.70 to the £1!!

Post by READ-THIS » January 21, 2009, 1:22 pm

YES now there is a thought i paid 35 k sterling for this place when back in 2004 i was getting 75 bt .....now if i was to sell up i (cough) she would make over 20k sterlin on todays climate and with the house price in the uk set to drop it is a pondering thought

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Re: Sterling X rate down to 47.70 to the £1!!

Post by arjay » January 21, 2009, 3:00 pm

Unfortunately because my pension no longer meets the minimum retirement visa requirements in LOS, I will have to go down the lump sum 800K route. I would have fulfilled that requirement, had I not donated towards the purchase of a "family" tractor a few months back. So I am now likely to have to pull money out of equity investments which have lost over 50% in value, in order to transfer sufficient here, at the current disastrous exchange rates in order to meet the 800K requirement. I've got about another 3 months to do that, so I am praying for a big bounce!!

Conversely, I did buy a house here, and transfer the relevant funds here early in 2008 when rates were more favourable! So there is the odd swing amongst the roundabouts!

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Re: Sterling X rate down to 47.70 to the £1!!

Post by READ-THIS » January 21, 2009, 3:25 pm

all swings for me "Speculate to accumulate" ok now is the time to sell and take advantage of the grey mist back in england 20,000-30,000 pound better off due to the exchange rate with house price falling every cloud has a silver lining "burp!!" (bloody onions are repeating on me)

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Re: Sterling X rate down to 47.70 to the £1!!

Post by stattointhailand » January 21, 2009, 5:11 pm

According to the rates on the "home page" it's taken another hit today ...... Now B46.83 :cry:

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Re: Sterling X rate down to 47.70 to the £1!!

Post by Juan Kosoff » January 21, 2009, 5:12 pm

Anyone thinking they can float out here by sailing close to the wind with no back up is off there crust, stop complaining and go back home with all the other moaners. TTFN :D

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Re: Sterling X rate down to 47.70 to the £1!!

Post by BobHelm » January 21, 2009, 5:26 pm

Juan Kosoff wrote:Anyone thinking they can float out here by sailing close to the wind with no back up is off there crust, stop complaining and go back home with all the other moaners. TTFN :D
Complaining that UK income has declined by over 30% in a year can hardly be classified as a 'moan', or something that even the most prestigious economic wizard predicted.
If this situation does not effect you then you are fortunate. And I am happy for your excellent fore planning & wish you happiness in your smugness. :(

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Re: Sterling X rate down to 47.70 to the £1!!

Post by Juan Kosoff » January 21, 2009, 5:37 pm

Thank you very much bob, beg your pardon about the moan it should have been we are all aware. I am not smug. I just not stupid and have my eyes open. :D
Thanks for the best wishes, I take them in the spirit intended, might be better with a few less beer guts around anyway.

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