If you are using SGD currency here , be it a local or foreigner earning in SGD equivalent, then I think going to Thailand in the coming months would be worthwhile. Since Feb 2021, it has reached a nice support at 22.39 and has gone up by more than 10% to reach its current price todate.
Read latest news here
Most other Asian countries like China , HK, Taiwan (the worst drop), Vietnam, Indonesia are not picking up as strongly as Thailand. With more thai bahts on hand, that would make you stretch your Sing dollar much more to do your Thai massage, enjoying the Tom yum soup or simply jet skiing at the beaches.
Tourism is a big part of Thailand business and the Covid pandemic has not been kind to them. This reopening would means a lot to their domestic economy and heading there for a year end break would be nice. How about you ?
Read latest news here
Most other Asian countries like China , HK, Taiwan (the worst drop), Vietnam, Indonesia are not picking up as strongly as Thailand. With more thai bahts on hand, that would make you stretch your Sing dollar much more to do your Thai massage, enjoying the Tom yum soup or simply jet skiing at the beaches.
Tourism is a big part of Thailand business and the Covid pandemic has not been kind to them. This reopening would means a lot to their domestic economy and heading there for a year end break would be nice. How about you ?
Comment:
a potential H&S pattern emerged. Beware of short term volatility
Comment:
With the school holidays here and tour agencies promoting various packages, this is an ideal time to visit Thailand. What's more, the currency exchange is favorable to those holding Sing dollars to exchange.
Comment:
those who long this pair can consider take some partial profits as it has once again reach its resistance level. It might go higher thereafter once it has a decent pull back