Seems like we are mostly saying the same thing then. Maybe I am bit more sanguine about it than you. The level of the baht is one side of the coin, but partly it is driven by what is happening in the economies of other countries. For example, in the case of the Singapore dollar, in the years that I have been in Thailand the baht has fallen by 10%. Currently the USD is at about 33. I have seen it as high as 38 and as low as 31. On the whole I would guess 34 is an average that I have seen over the last 20 years. Don’t hold me to that, it’s just a guess from memory. But against GBP the baht has moved stronger, partly due to a weak pound which is also pretty low against other currencies. Of course, a weak baht would help tourism, no doubt about that. But I’m not seeing the baht at a particularly disastrous level vis a vis other currencies. FWIW I agree that Vietnam offers good value versus Thailand. I went to Da Nang late last year and thought it was very reasonable.
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