Yeah the Thai economy is not doing well because of the Thai baht hurting tourism and especially their exports!!! Foreign currency pretty much runs their economy which revolves around exports and tourist dollars, pounds, Euros, or whatever. But there appears to be good news coming but it’s just happening real slow. The Thai baht is FINALLY starting to bottom out and decline and last month the USD was the lowest I’ve ever seen but still not too bad compared to pretty much ALL the other country’s currencies and the USD hasn’t really dropped that bad. But I’ve noticed that this month the USD is now slowly starting to do better again I emphasize SLOWLY but slow progress is better than none and DEFINITELY better than it decreasing any more which isn’t happening thank God. So next year and probably into 2021 these things are going to start getting better the way it’s currently looking which is good.
The better foreign currencies do in Thailand the better the Thai economy does it’s as simple as that because Thailand depends on exports and tourism without those two things the Thai economy can’t sustain itself forever which is probably why the Thai baht is FINALLY starting to decline slowly. It’ll probably start improving faster for Thailand and for those of us living here within a year and then we’ll see all our exchange rates improve. I’m just thankful I get paid in USD because the USD is always worth something no matter how bad a country’s economy gets. $$$$$$$$????.
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Financial Crisis Beginning in Thailand
in Jobs, Economy, Banking, Business, Investments
Posted
Yeah the Thai economy is not doing well because of the Thai baht hurting tourism and especially their exports!!! Foreign currency pretty much runs their economy which revolves around exports and tourist dollars, pounds, Euros, or whatever. But there appears to be good news coming but it’s just happening real slow. The Thai baht is FINALLY starting to bottom out and decline and last month the USD was the lowest I’ve ever seen but still not too bad compared to pretty much ALL the other country’s currencies and the USD hasn’t really dropped that bad. But I’ve noticed that this month the USD is now slowly starting to do better again I emphasize SLOWLY but slow progress is better than none and DEFINITELY better than it decreasing any more which isn’t happening thank God. So next year and probably into 2021 these things are going to start getting better the way it’s currently looking which is good.
The better foreign currencies do in Thailand the better the Thai economy does it’s as simple as that because Thailand depends on exports and tourism without those two things the Thai economy can’t sustain itself forever which is probably why the Thai baht is FINALLY starting to decline slowly. It’ll probably start improving faster for Thailand and for those of us living here within a year and then we’ll see all our exchange rates improve. I’m just thankful I get paid in USD because the USD is always worth something no matter how bad a country’s economy gets. $$$$$$$$????.