Transcript of the above video:

As the title of this video suggests, we are discussing the situation involving the Thai Baht and tourism coming back and sort of the ramifications to the currency associated with that. I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: Thai Baht gaining against the UK pound again. There is a lot of information in there especially for British viewers, you might want to read that article in detail. I am going to quote an excerpt and it's not really to the thrust of the point of the article, it's just kind of an observation that I thought about making this video for. So I urge those watching this go check out that video but quoting directly: "Meanwhile the Thai Baht is not at the center of world financial attention, but has some positive news to back the currency. International tourism to Thailand has rebounded spectacularly with access through both air and land borders having improved greatly. The exports are doing very well, assisted by sliding shipping costs and a cheaper currency. Petrol and diesel prices at the pumps are 15% higher than before the invasion of Ukraine but still lower than in many competitor countries. The Thai Central Bank expects the current account deficit to have turned into a surplus of around US$3 billion by the end of 2022. However the Central Bank cautions that global insecurity makes macro predictions somewhat tentative." You can say that again, there is a lot going on out in the world. It is hard to say where everything's going to be even a month from now. 

But yeah, overall I think Thailand's in a pretty good position. We did a video some weeks back where we said I think the title was: "The cure for a weak Baht is a weak Baht" or something to that effect; that people were really concerned that the Baht was weakening. Well it's going to encourage tourism and it's going to encourage exports and nothing saves a weak Baht like a weak Baht because people start buying more goods through the exports supply chains and presumably people, tourists come to Thailand because they say "wow it's cheap, our dollar in this case, goes a long way." I mean people in different countries may experience that differently. Right now the Baht isn't exactly weak against certain currencies but under certain circumstances it is very weak under other types of currency. So depending on the country of origin of the currency you are talking about there may be some comparative advantage to coming Thailand as a tourist compared to other compared to other destinations. So interesting times we are in. I definitely think overall the situation is such that it's positive for the Baht in the longer term but how it exactly plays out in the kind of short to medium term remains to be seen. We will certainly keep people updated on this channel as the situation evolves.