 |
| Thai Exchange Rate |
Thailand is counted as one of the
fastest growing economies. A greater slice of its annual gross income comes
from the tourism industry which has never failed to attract the foreign
tourists. Several inviting spots of scenic beauty and different historical places
are the reasons for the consistent boost to the growth of the country’s travel
industry and overall economy.
However, there are several other
factors equally responsible for the country’s vibrant growth. One of these
factors is the remittance of the Thai workers working abroad. In accordance
with the Thailand Migration Report of 2011, though there has been a remarkable
fluctuation in the number of the Thai workers on the foreign shore for the past
few years, still the number is expected to rise in the coming years. It is
because, after post recession, there has been a sustaining improvement in job
scenario on the international market.
Adding to the buoyancy of Thai economy
is the increasing value of Thai Exchange Rate in terms of dollar. The ongoing
exchange rate is anchored at 1 USD to 31 BHT. According to the recent survey,
more than 150000 Thai workers are deployed abroad at present. Such a staggering
increase in the number of non residential Thais can be contributed to two
factors – the workers’ competency and the rising job opportunities on the global
market.
When the workers are living abroad,
definitely there are some transactions of money to and from Thailand. If they
are away from home for scholastic purposes, chances are high that there is a
regular money flow from their parents living in Thailand. On the other hand,
the working professionals send money to their homeland. In the next blog, we
will discuss about different options of money transfer in use to send money to
Thailand.
So, wait for our next posting…………..
No comments:
Post a Comment