Year-end is coming, and you are thinking to go shopping spree as usual in Bangkok?
Hold on first.
The currency of Thailand is in an upswing lately, reaching a 6 years high level.That takes its gain to 7.8% this year, more than any of its emerging-market peers, except Russia’s ruble.
Hold on first.
The currency of Thailand is in an upswing lately, reaching a 6 years high level.That takes its gain to 7.8% this year, more than any of its emerging-market peers, except Russia’s ruble.
Healthy current account surplus has been enjoyed since 2014 |
Thailand's annual inflation rate fell to 0.32% in September 2019 from 0.52% in August and below market expectations of 0.44%. (Source: Trading Economics) |
Surging tourism arrivals from regional countries, especially. But, this could change after the recent strong currency. |
Generally, GDP growth rate for Thailand is still on-par with other developing countries. Since 2014, Thailand never fails to rejuvenate its economy. |
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