- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23.
- in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB).
- Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic.
- The big problem is : Economy not only based on Tourism.
- Importations will be much more expensive for Thailand, and they will get much less profits for exportations.
- Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ).
Scenarios :
- if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB
- A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB.
Happy Tr4Ding !
- in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB).
- Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic.
- The big problem is : Economy not only based on Tourism.
- Importations will be much more expensive for Thailand, and they will get much less profits for exportations.
- Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ).
Scenarios :
- if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB
- A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB.
Happy Tr4Ding !
Comment:
Older THB vs Euro Analysis :
Comment:
UK here :
www.tradingview.com/...US-Dollar-Index-DXY/