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WTF!!!!!!!??????? My mirror reflection got WEIRD!! | RATE vs RATE | thai baht rate

WTF!!!!!!!??????? My mirror reflection got WEIRD!! | RATE vs RATE


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WTF!!!!!!!??????? My mirror reflection got WEIRD!! | RATE vs RATE

Once Asia’s top performer the Thai baht is now becoming the region’s


The Thai baht, once the strongestperforming currency in Asia before the pandemic, has been steadily falling in 2021 and is this year’s worsthit currency in the region, according to Mizuho Bank. The Japanese bank pointed to \”uncharacteristic underperformance in the Thai Baht, rendering it the worst performer to date in 2021\” in a note on Friday. The Thai baht has plunged more than 10% against the U. S. dollar yeartodate, as of Monday morning, according to Refinitiv Eikon data. Thailand’s currency is the weakestperforming this year compared to other major Asia Pacific currencies, according to Refinitiv. Against the greenback, the Japanese yen is nearly 7% lower, the Malaysian ringgit declined by 5%, while the Australian dollar is down 4.43% yeartodate.\”At face value, THB as the unequivocal and significant laggard does not square with Thailand’s solid (albeit diminished) current account surplus or relatively low inflation,\” wrote Vishnu Varathan, head of economics and strategy at the bank. In 2019, before the Covid pandemic hit, there were concerns about the strengthening Thai baht, which was buoyed by its large trade surplus. A stronger currency makes the country’s exports more expensive, causing them to be less attractive in international markets. Still, the Asian currency’s underperformance this year cannot be solely blamed on the Covid pandemic, considering that the impact of the delta variant on the rest of the region is \”far more dismal,\” Varathan said. Varathan pointed out the sharp decline in tourism numbers has actually multiplied the \”Covid devastation\” on Thailand’s economy. Thailand had only over 34,000 tourist arrivals as of May this year, compared with over 39 million in 2019, according to data from its tourism ministry as well as the World Bank. The Southeast Asian nation relies heavily on tourism dollars for economic growth. Tourist spending accounted for about 11% of Thai GDP in 2019, before the pandemic. Fewer tourists also mean lower demand for the Thai baht.\”The sheer force of this ‘tourism multiplier’ means that it remains the decisive drag on THB,\” Varathan said.\”Further ‘variant risks’ and attendant rolling delays to tourism/travel resumption will continue to pose a clear and present threat to the THB,\” he said, referring to new variants of Covid. Thailand’s overreliance on tourism is going to be \”very challenging\” for the country as it seeks to reopen up to tourists while still battling with the pandemic, Nomura’s Chief ASEAN Economist Euben Paracuelles said on Thursday. The country’s attempts to reopen its tourism destinations have not gone well, he told CNBC. In July, Thailand started a socalled \”sandbox\” pilot scheme in Phuket, where tourists can visit the holiday destination without quarantining. But just a week after it reopened, it recorded one case — a tourist from the United Arab Emirates. By the end of the first week, it had 27 new cases, according to the Associated Press.

All data is taken from the source: http://cnbc.com
Article Link: https://www.cnbc.com/2021/07/26/asiancurrenciesthailandcovidlackoftourismhitthaibaht.html

tourism newspaper newsworldnow newstodaylocal newsworldbbc newstodayfox

Once Asia's top performer the Thai baht is now becoming the region's

THE THAI BAHT vrs THE US DOLLAR V465


Link to the report about the US dollar verses the Thai Baht currency
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THE THAI BAHT vrs THE US DOLLAR V465

Today THB (Thai Baht) Currency Exchange Rates, FOREXchangerate.com ,26 November 2021


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How much is 1 THB (Thai Baht) in Euro / British Pound / Australian Dollar / Canadian Dollar / Swiss Franc / UAE Dirham / Chinese Yuan / Indian Rupee / Kuwaiti Dinar Russian Ruble / Bahraini Dinar / Japanese Yen / Saudi Riyal / Singapore Dollar / Thai Baht / Turkish Lira / Qatari Riyal?

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1 THB to EUR (1 Thai Baht to Euro) is 0.0265 EUR with exchange rate 0.0265 for today.
1 THB to GBP (1 Thai Baht to British Pound) is 0.0224 GBP with exchange rate 0.0224 for today.
1 THB to AUD (1 Thai Baht to Australian Dollar) is 0.0418 AUD with exchange rate 0.0418 for today.
1 THB to CAD (1 Thai Baht to Canadian Dollar) is 0.0379 CAD with exchange rate 0.0379 for today.
1 THB to CHF (1 Thai Baht to Swiss Franc) is 0.0277 CHF with exchange rate 0.0277 for today.
1 THB to AED (1 Thai Baht to UAE Dirham) is 0.1094 AED with exchange rate 0.1094 for today.
1 THB to CNY (1 Thai Baht to Chinese Yuan) is 0.1904 CNY with exchange rate 0.1904 for today.
1 THB to INR (1 Thai Baht to Indian Rupee) is 2.2239 INR with exchange rate 2.2239 for today.
1 THB to KWD (1 Thai Baht to Kuwaiti Dinar) is 0.009 KWD with exchange rate 0.009 for today.
1 THB to RUB (1 Thai Baht to Russian Ruble) is 2.2459 RUB with exchange rate 2.2459 for today.
1 THB to BHD (1 Thai Baht to Bahraini Dinar) is 0.0112 BHD with exchange rate 0.0112 for today.
1 THB to JPY (1 Thai Baht to Japanese Yen) is 3.4106 JPY with exchange rate 3.4106 for today.
1 THB to SAR (1 Thai Baht to Saudi Riyal) is 0.1118 SAR with exchange rate 0.1118 for today.
1 THB to SGD (1 Thai Baht to Singapore Dollar) is 0.0408 SGD with exchange rate 0.0408 for today.
1 THB to TRY (1 Thai Baht to Turkish Lira) is 0.3611 TRY with exchange rate 0.3611 for today.
1 THB to QAR (1 Thai Baht to Qatari Riyal) is 0.1085 QAR with exchange rate 0.1085 for today.
1 THB to USD (1 Thai Baht to US Dollar) is 0.0298 USD with exchange rate 0.0298 for today.
Quotes are not sourced from all markets and may be delayed up to 60 minutes. Information is provided AS IS and solely for informational purposes, not for trading purposes or advice.

For your convenience https://forexchangerate.com/ has online Thai Baht chart and a table of popular currency pairs with their latest exchange rates for 26 November 2021.

thb_to_eur
thb_to_gbp
thb_to_aud
thb_to_cad
thb_to_chf
thb_to_aed
thb_to_cny
thb_to_inr
thb_to_kwd
thb_to_rub
thb_to_bhd
thb_to_jpy
thb_to_sar
thb_to_sgd
thb_to_try
thb_to_qar
thb_to_usd

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Currency Converter | Foreign Exchange Rates

USD Currency Exchange Rates: https://forexchangerate.com/usd/1usdcurrencyexchangeratescomparisonallcurrencies
EUR Currency Exchange Rates: https://forexchangerate.com/eur/1eurcurrencyexchangeratescomparisonallcurrencies
GBP Currency Exchange Rates: https://forexchangerate.com/gbp/1gbpcurrencyexchangeratescomparisonallcurrencies
AUD Currency Exchange Rates: https://forexchangerate.com/aud/1audcurrencyexchangeratescomparisonallcurrencies
CAD Currency Exchange Rates: https://forexchangerate.com/cad/1cadcurrencyexchangeratescomparisonallcurrencies
SGD Currency Exchange Rates: https://forexchangerate.com/sgd/1sgdcurrencyexchangeratescomparisonallcurrencies
AED Currency Exchange Rates: https://forexchangerate.com/aed/1aedcurrencyexchangeratescomparisonallcurrencies
CHF Currency Exchange Rates: https://forexchangerate.com/chf/1chfcurrencyexchangeratescomparisonallcurrencies
INR Currency Exchange Rates: https://forexchangerate.com/inr/1inrcurrencyexchangeratescomparisonallcurrencies
RUB Currency Exchange Rates: https://forexchangerate.com/rub/1rubcurrencyexchangeratescomparisonallcurrencies
JPY Currency Exchange Rates: https://forexchangerate.com/jpy/1jpycurrencyexchangeratescomparisonallcurrencies
KWD Currency Exchange Rates: https://forexchangerate.com/kwd/1kwdcurrencyexchangeratescomparisonallcurrencies
BHD Currency Exchange Rates: https://forexchangerate.com/bhd/1bhdcurrencyexchangeratescomparisonallcurrencies
SEK Currency Exchange Rates: https://forexchangerate.com/sek/1sekcurrencyexchangeratescomparisonallcurrencies

Today THB (Thai Baht) Currency Exchange Rates, FOREXchangerate.com ,26 November 2021

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