It was not long ago the Thai baht dipped briefly below the 30.00b mark against the U.S. dollar. The baht seemed to be correcting itself when it roughly flirted with the 32.00b level. As of last month the baht was once again threatening the psychological level of 30.00b ,but seemes to have taken a bounce favorable to tourists coming to spend their holidays here in Thailand. This, just in time for the coming high season and hopefully this trend will continue. Today the baht climbed to 31.40b for one U.S. dollar.
Gold also fell to levels flirting with the 23,000 Baht per baht. This means good news for tourists with their currency giving them more spending power especially in high season dependent areas like Chaing Mai, Phuket, Koh Samui, Krabi, Pattaya and Jomtien Beaches.
Just as well local hotels, guest houses, and serviced apartments may see customers adding nights to their stay as their holiday becomes more affordable. Likewise tour operators, souvenir shops and local businesses may see more trade as their products become cheaper and more doable for tourists.
Pattaya and Jomtien have seen an incredible amount of building over the last year since last year’s high season and developers, as well as local tradesman, are optimistic their rooms will fill up. Here’s to a great high season!
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