What is the baht value? And if it's appreciating, will it be good or bad?

What is the baht value? And if it's appreciating, will it be good or bad?

🔹 Let's get to know what the baht is.

Thai baht is the amount of Thai baht that is exchanged with foreign currencies.

Is the baht appreciating good or bad?

The appreciation of the baht has both good and bad effects. If it's on the consumer side will have a positive effect in the case of purchasing goods from abroad Due to the currency exchange rate, goods can be purchased at a lower price. But it will negatively affect the case of the export business. due to the appreciation of the currency making the price of the product more expensive When exporting, it will make the price less competitive. because the product price is higher than other countries

🔹How to deal with when the baht is strong?

The impact will occur to the export business. Solving problems that a single entity would be difficult. Therefore, the government must take part in solving the problem. by issuing policies to solve these problems But in the part of the people are rarely affected. Sometimes it's good too. Therefore, what to do when the baht appreciates is You should plan your spending well. Can spend if wanting to buy foreign products But don't accidentally spend too much.

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