Thai bale and fluctuating exchange rates

There is a clear concern for visitors in Phuket, Thailand, about the cost. Thailand has always been a reliable place to spend on vacation. As a destination, everyone is enjoying Phuket from the British to Israel. However, the impact of the global economic crisis and the appearance of negative media in Thailand meant fewer people were visiting the country. Still, maybe there's a bigger problem today.

When I first arrived in Thailand, about four years ago, the pound sterling changed from one to 75 bytes. This is a fair exchange rate, which meant my money went far in Bangkok or Phuket. Now I find myself in Phuket when I look at a rate that condemns faith. The pound sterling is currently trading at one-52 bytes. This is almost a third decline in a few years.

Prices in Thailand at this time did not change significantly. Survivors living in the country would certainly not notice too many differences, but for people visiting the UK, if they spend less than a third less than usual, it is a big change.

It is not, however, that the byte has become particularly strong. What happens is that the font is incredibly weak. It is so weak that at the time it trades with one of the euro that offers European excursions for all British people. The British stay at home. Money is tight enough, not without exchange rates for people.

Americans are in a similar situation. In recent years, the dollar has typically traded between about one and 35 bytes. Currently, one or two bytes are needed. This is again about a third decrease. Ultimately, people travel to Thailand, regardless of political turmoil and internal turmoil. But these people will not travel if they have no money for this.

So nearly 50 bytes to the pound that the money exchange from sterling to baht is almost a financial suicide. In contrast, it is not a bad time for the British to pay byte. For example, I recently brought a large amount of baht to the UK at a pound of 52 pounds. It is as low as it will achieve and it is hard to trust in the long run, while the pound is traditionally a strong currency.

For all of us in Phuket and the rest of Thailand, we can only hope that more favorable exchange rates will be achieved in 2009 than the baht. This year, the pound and the dollar brought very big knocks and couldn't be worse. Phuket's tourism industry needs the help you can get at the moment, but there are some things outside the island and people.

Source by Matt Crook

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