Change Between Baht and Dollar
-
- Mehmet Akçay
- 11/06/2024
Investing in real estate in Thailand means not only benefiting from local economic growth, but also from foreign exchange earnings. The change between the dollar and the baht shows the potential for foreign investors to increase their earnings.
Therefore, investing in real estate in Thailand will not only increase your future financial security, but will also be supported by your foreign exchange earnings.
Examples of Annual Changes
Assume that you have purchased a property worth 100,000 Baht in Thailand as of 2023. Last year, the value of the baht against the dollar was 0.030 USD, while this year it has become 0.033 USD. This change in value offers significant earning opportunities for investors.
• 2022: 100,000 Baht x 0.030 USD = 3,000 USD
• 2023: 100,000 Baht x 0.033 USD = 3,300 USD
• Increase: 3,300 USD - 3,000 USD = 300 USD gain
• Percentage Change: 3003000×100≈10%\frac{300}{3000} \times 100 \approx 10\%3000300×100≈10%
The 10% gain achieved on an annual basis clearly shows the advantages of exchange rate fluctuations. This situation becomes more attractive for foreign investors as the value of properties in Thailand increases.
Three-Year Change
Long-term investments in the real estate market in Thailand increase the profit potential. In 2021, the value of the Baht against the Dollar was around 0.027 USD.
In this case:
• 2021: 100,000 Baht x 0.027 USD = 2,700 USD
• 2023: 100,000 Baht x 0.033 USD = 3,300 USD
Total Earnings: 3,300 USD - 2,700 USD = 600 USD
Change Percentage: 6002700×100≈22.22%\frac{600}{2700} \times 100 \approx 22.22\%2700600×100≈22.22%
This 22.22% increase shows that investors can also earn in dollars by buying real estate in Thailand.
For foreign investors, the exchange rate advantage is an important factor affecting investment decisions. Real estate investments in Thailand offer great opportunities in terms of both property value and foreign exchange earnings.
Conclusion:
Investing in real estate in Thailand means benefiting not only from local economic growth but also from foreign exchange earnings.
The exchange between the dollar and the baht shows the potential for foreign investors to increase their earnings.
Therefore, investing in real estate in Thailand will not only increase your future financial security, but will also be supported by your foreign exchange earnings.
