Is the exchange rate between GBP and Thai Baht likely to stabalise in the next couple of months?
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I am running a business that is soon going to be importing goods from Thailand to sell in the UK. When we signed the distribution contract, we based the costs on the average exchange over the last two years - around 64 BAHT to the 拢. Over the last month or so it has fluctuated wildly Between around 51 BAHT and 61 BAHT to the pound. When I was in Thailand in November, we were getting an exchange of 69 BAHT to the pound (we were exchanging whilst over there using sterling).
I realise there are a wide range of economic factors that affect this exchange rate, such as the sub prime crises in America having an effect on the liquidity of the UK money markets and weakening the position of the 拢 as strong economically. The cut in interest rates would have left foreign investers looking towards the Euro and the prospect of a recession, or at least an economic slowdown are putting people off of re-investment.
With all these factors in play, is there any chance of the BAHT stabilising?
Is the exchange rate between GBP and Thai Baht likely to stabalise in the next couple of months?I do not know in detail the particularities of the exchange rate between GB and Thailand...but I know the traditionalism that regulate the conduct of policy makers in England so, i can bet the pound will be stable for a long period of time...England's policy makers do not doubt in sacrifice growth to stabilize the most important macroeconomic variables...
By the other hands, Thailand is a little economy and could be victim of world economy's so...we can not ensure the stability of its currency...
Fluctuations in USD can impact the value of Thai Baht because it is the intermediate currency to make the transactions, but this problems should be solved in short term by traders....
This predictions could be broken if the commercial and financial relations between GB and Thailand increase a lot, in this case we can predict a strong in Thai Baht
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