GBP-THB Market Update - deVere FX
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Transcript of GBP-THB Market Update - deVere FX
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If you wish to find out more about the currency exchange process, or if you want further information on a particular currency question, please visit www.dv-fx.com
Speak to your deVere Foreign Exchange trader to see how you can benefit from tighter rates of exchange.
May 2015 // 200515
deVere Investment Advisory (Mauritius) Ltd, Trading Name: deVere Foreign Exchange, Registered at 7A, 7th Floor Ebene Mews, 57 Ebene Way, Cyber City Ebene, Mauritius: Company No. 104761 C1/GBL under the Mauritius Companies Act 2001. Licensed by the Mauritius Financial Services Commission, License No: C1110009642
GBP/THB Market Update deVere Foreign Exchange
GBP/THB is continuing to recover after losing significant ground at the end of 2014 seeing rates fall into the 46 territory. This recovery has seen rates back over 50 and has presented great buying opportunities. The gain in exchange rates has made GBP/THB transfers look increasingly attractive after a near 5% rise since Jan 1st 2015. The table below shows the difference on a 10,000.00 GBP/THB transfer from January 2015 to today’s rate.
1 January 2015 20 May 2015
GBP 10,000.00 496,500.00 THB 521,100.00 THB
Need to buy THB soon?How do you secure an advantageous position? If you are looking at completing a property purchase, or even just looking to transfer money in the near future, you can still take advantage of the current rates. This can be achieved by booking today’s rate and holding it for upwards of 12 months (Forward Contract), effectively allowing you to budget accordingly and eliminate market volatility.
53.0000
52.0000
51.0000
50.0000
49.0000
48.0000
Feb 1 2015 Mar 1 2015 Apr 1 2015 May 1 2015
47.0000