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Bo Sa

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  1. 23 minutes ago, Why Me said:

    You are right. Which would explain their absence. Another reason for even those who might be exempt not traveling is the currently horrible exchange rate for their currency. Out of curiosity poked my head into xe.com and saw a couple of puzzling charts.

     

    The Russian RUB to THB rate took off like a rocket couple of weeks into the war, peaked end of June and has stayed relatively high. Ukrainian UAH to THB also took off right after the war though not as sharply and then end of July dropped like a stone losing looks like 30% of its value in a day and is still low though it has picked up some over the last month.

     

    This is weird. Russia is being throttled by sanctions so there's obviously less demand for RUB to buy their exports, which means the currency should drop. Ukraine on the other hand has billions of dollars pouring in which will have to be used to buy UAH to be spent there so the value of the currency should go up. No? Will someone who understands economics kindly explain the anomaly.

     

    I think it is not a big deal to understand. When they put sanctions in power regarding their imports but never thought to close their exports. So it means more demand for local Russian currency. That's explains why.

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