We, Boudiccahome, hope everyone stay safe and stay home during this pandemic.
Keep your hands clean, use alcohol spray and always wear a mask when you’re out.
Perform your part by keeping yourself healthy and protecting your love ones.
Here’s a little article that we have read and thought it is a good share to all investors thinking of “When should I invest in Phuket, Thailand?”
Article link:
https://thethaiger.com/…/currency-will-be-a-key-driver-in-p…
Here’s our conclusion from the article above.
China’s Yuan (RMB)
Currently @ 4.65
End of Q3 Y2019 @ 4.25
Mid Y2018 @5.00
As Yuan faces some drawback versus Thai Baht,creating new floors during previous year, we can see that now it has regain it’s momentum and possibly going strong once this Covid is over.
Great news for Phuket market.
Russian Ruble
Currently @ .44
Latest high were between .48 and .49
Y2017 ceiling were at .55
Possiby global oil drop took a hit on Russian Ruble and Russians are one of the major players in Phuket market. With the weak Ruble, we can expect some slow demand in certain markets in Phuket.
British Pound
Currently @ 40.69
Mid Y2019 was between 37 – 38
Glory days were @ 55 and more
Seems like Pound is going in the right direction but we are not sure if Brexit will really strengthen it or a curtail to the currency. At the moment, to Phuket market is still on the healthy side.
Euro
Currently @ 35.75
Q3 – Q4 was between 33 to 34
Past high at Y2018 was between 37 to 39
Looking from this trend, one can expect the currency to hit the previous high again and this will lead to a much greater opportunity in the market of Phuket.
Singapore Dollar
Currently @ 23.++
Q3 – Q4 was between 22 and 22.5
Past high Y2018 was @ 24.++
A very healthy chart for SGD against Thai Baht seeing most of the joint ventures in Phuket are from Singapore, we can expect a leap in terms of investors in Phuket market after Covid.
From the positive currency trend for the above major players, we believe in terms of property and variety business fields for Phuket market will have a steadfast recovery if not even better than before.
So back to the million dollar question: “When should I invest in Phuket, Thailand?”
Our opinion, act now and act fast!