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Thai Baht hits best rate for 11 months
24 April 2012

Sending payments to Thailand has not been cheaper since May 2011, as the Baht hit a rate of 50 to the Pound in trading today.

The Thai currency is now nealy 6pc cheaper than at is strongest in September, reducing the cost of Thailand money transfers as the Pound continues to perform well across the board. Whether you are buying property, importing goods, or sending money to family or friends, now could be a good time to look at securing your exchange rate for Thai Baht.

Tomorrow we have the UK GDP reading which may show that the UK has headed back into recession, in which case sterling would be likely to fall back.

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