Bangkok, Here I come !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.
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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 ?
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3 day 2 nights in Krabi IslandLast December, we mentioned that the thai baht has not been too friendly to us, meaning if we were to travel there, for each Sing dollar we get lesser amount in Thai Baht.
A month had passed and we may see some positivity soon. The bearish trend line has just been broken out and if it is genuine, we can expect a higher high within the next 6 months or so.
That means, you can start planning for your holidays in Krabi Island or anywhere you like in Thailand.
Enjoy the sun, sand and sea (not forgetting the coconut as well, haha)
SGD/THB Daily Update (16/11/17)Probably 24.2 would hold the price.
25 would be a good price to go change your dollar and fly to Thailand for holiday.
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