If you have followed the exchange rate for US dollar to Thai baht in the last year or so, I’m sure you’ve got to be shaking your head with dismay. The exchange rate has fallen somewhat precipitously from a rate of approximately 40 baht to 1USD (Jan 2006) to a low of 29.4 baht to 1USD - the latter rate was as recent as January 10 of this year. This is not a surprise as the Dollar, at one time one of the strongest currencies in the market, has taken a beating not only in Thailand but around the world.

Ok, I know you may be asking so what’s the Good News? Well, it seems that in Thailand (at least), the dollar seems to be making a steady comeback. Two Sundays ago (May 10), as reported in the SF Chronicle Travel section the dollar traded at 31.91; this past Sunday (May 17), the dollar traded at 32.27. Not convinced? Well, all you have to do is look at a graph of the historical exchange rates between the Thai Baht (THB) and US Dollar (USD). Now I don’t pretend to be rocket scientist so I cannot really explain to you the market forces behind the temporary strengthening of the US Dollar – but as a regular traveler to Thailand, I’m hoping that this trend will continue.

This entry was posted on Tuesday, May 20th, 2008 at 6:41 am and is filed under Thailand, travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.