Thailand may not smile as much as before - USDTHB

2019-12-12 15:14:23

The one country that many tourists love to visit is Thailand. It has great food, shopping and friendly locals.

But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand.

July 2018 - 1 USD = 34.656 THB
Dec 2019 - 1 USD = 30.178 THB

China tourists is probably the biggest outbound travellers that any countries would love to have them. Not so for Thailand as in this article :https://www.scmp.com/magazines/post-magazine/travel/article/2166804/thailand-disturbed-sharp-decline-chinese-tourists

How about the stock market ? Funds are fleeing as well apparently :https://www.thestar.com.my/business/business-news/2019/12/12/thailands-stock-market-seen-reeling-from-foreign-exodus

Let's hope the signing of the US-China trade agreement will give the much needed boost it needed both for the stock market and its currency.

I missed Tom Yum, the beaches, Pad Thai, OMG.............