baht

  • Tourism NewsThailand’s beaches now more expensive than European resorts – report
    ThaigerPublished: 12:41, 14 November 2019
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    Thailand’s beaches now more expensive than European resorts – report

    PHOTO: Ministry of Villas The cost of a holiday in popular Thai beach resorts is now on par with, or even higher than those in Greece, Italy, Spain, Turkey, and Egypt – all closer to home for Europeans with lower flight costs and less travel time. Diethelm Travel Group report that the cost of a five-star resort in Koh Samui,…

  • Economy News“Too good for its own good” – The Thai economy
    ThaigerPublished: 10:37, 11 October 2019
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    “Too good for its own good” – The Thai economy

    Bloomberg has written an opinion piece about the robust Thai economy, sharing its fears along with some pats on the back. “Thailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighborhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the…

  • Tourism NewsChiang Mai hotels face a quiet end to 2019
    ThaigerPublished: 12:26, 10 October 2019
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    Chiang Mai hotels face a quiet end to 2019

    PHOTO: Spice Roads Chiang Mai hotels are bracing for a quiet end to 2019, along with other Thai tourist hotspots, due to the strength of the baht, an over-supply of rooms and the growing popularity of home-sharing accommodations like Airbnb. Hoteliers in the northern city are also suffering the fall-out from the smoke haze crisis earlier in the year which…

  • Business NewsIndustry group calls for further cut in Thai policy interest rate
    ThaigerPublished: 14:39, 16 September 2019
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    Industry group calls for further cut in Thai policy interest rate

    “Thai private sector, recently adjusted downward the export growth projection for this year to 2.9 – 3%.” The Federation of Thai Industries have their hopes set on the Monetary Policy Committee of the Bank of Thailand making another cut in the policy interest rate, currently set at 1.5%. With the US Fed looking to drop its interest rate this week,…

  • Tourism NewsThailand’s tourism industry ponders drop of Chinese tourists
    ThaigerPublished: 08:29, 07 September 2019
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    Thailand’s tourism industry ponders drop of Chinese tourists

    Thailand’s tourism authorities are getting jittery as the Kingdom continues to bleed Chinese tourists in the wake of a surging baht. They fear Thailand is losing its reputation as one of the most affordable destinations in south east Asia for Chinese tourists. Thailand’s most popular resorts, Pattaya and Phuket, have been particularly suffering from the discernible drop in Chinese visitors. Chinese tourists have…

  • Business NewsSoaring baht continues to court investors and speculators
    ThaigerPublished: 11:07, 03 September 2019
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    Soaring baht continues to court investors and speculators

    The Thai baht continues to be the best performing currency in Asia. On a year-on-year basis it has soared more than 8% against the USD and this year reached a six-year high. But the strong currency threatens the country’s exports and tourism, two major drivers of Thailand’s economy. Thailand continues to have solid economic fundamentals, a high current account surplus and…

  • Business NewsBaht to climb higher against USD, more pressure on exports
    ThaigerPublished: 16:45, 27 August 2019
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    Baht to climb higher against USD, more pressure on exports

    The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may again cut interest rates, adding more fuel to the situation. Meanwhile the Thai export situation…

  • Business NewsBank of Thailand cuts policy rate, to 1.5%
    ThaigerPublished: 17:52, 07 August 2019
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    Bank of Thailand cuts policy rate, to 1.5%

    The Bank of Thailand’s Monetary Policy Committee has made a surprise decision today to cut the policy interest rate amid pressure to avert an economic slowdown and hedge the heightened trade war between the US and China. The MPC cut the interest rate by only 25 basis points to 1.5 %. But the cut is significant. Of the seven-member committee,…

  • Business NewsThailand’s baht is getting stronger, and that’s a problem
    ThaigerPublished: 20:25, 01 August 2019
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    Thailand’s baht is getting stronger, and that’s a problem

    Since the beginning of 2018, Thailand’s currency has jumped more than 5% against the US dollar. Year-on-year it’s bounced up nearly 8%. The Thai Central Bank may be forced to cut rates to curb the popular currency. The Thai baht continues to soar against the USD this year, significantly more than many other emerging market currencies. But the flexing Baht muscle…

  • Business NewsTMB – strong baht hits foreign investment funds
    ThaigerPublished: 12:56, 22 July 2019
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    TMB – strong baht hits foreign investment funds

    TMB Bank are reporting that the strong baht has cut the value of the foreign investment fund under fund management, falling by 27 billion baht from 1.2 trillion baht at the start of the year. TMB said the drop reduced the fund’s return by 0.47%. The least impacted funds are those covering oil investment, gold, and property funds, at 0.53%,…

  • Tourism NewsThailand’s tourism copes with surging baht headache
    ThaigerPublished: 07:22, 19 July 2019
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    Thailand’s tourism copes with surging baht headache

    PHOTO: Thailand’s new tourism & sports minister, Piphat Ratchakitprakarn, hoping the finance ministry will listen to his pleas about the high baht Thailand’s new tourism & sports minister, Piphat Ratchakitprakarn, is blaming the surge of the baht for sucking the life out of tourist arrivals into Southeast Asia’s second-largest economy. Piphat yesterday said he’ll discuss with the Bank of Thailand…

  • Business NewsThe Thai Baht in 2022 – a prediction
    ThaigerPublished: 16:59, 01 July 2019
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    The Thai Baht in 2022 – a prediction

    Please note: This is just ONE website’s predictions of the currencies in the future. It should not be taken as a serious representation of the state of the world currencies in 2022. Trying to find a few good numbers amid the bad we thought we’d look forward three years to some of the world’s major currencies and their projected performance…