Is it good for the Thai baht to appreciate?

Thai baht appreciates. OK?

Strong baht" I believe many people have heard this term from all over the world. It may be from the news or the economy, but we don't know how the appreciation of the Thai baht will affect us, so let's find the answer in this article

Before we know the strong baht, we need to understand the value of the baht. Thai Baht The amount of money called Thai Baht when exchanging it with other currencies. Most of these will be denominated in U.S. dollars. So what is currency appreciation? We will explain to make it easy to understand. A strong Thai Baht is a situation where our currency (THB) has a higher value compared to other foreign currencies. This will result in less Thai money when exchanging with foreign currency.

For example, the previous exchange rate was 1 US dollar = 36 baht, but now the Thai baht has strengthened, and it has become 1 US dollar = 33 baht. Is it good for our economy? This can be of two types:

For people, this is a good thing, because it allows us to buy things from abroad at a lower price. But for those doing export business abroad, this will negatively affect the ability to compete with limited companies, as they must focus on low costs to survive. In order to solve the problem of baht appreciation, the government must take measures to deal with the crisis and help these enterprises.

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