Exchange Between Baht and Euro
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- Şeyda Şen
- 11/06/2024
The advantages of investing in real estate in Thailand are not limited to the increase in property value. The exchange between Baht and Euro offers great opportunities for foreign investors.
Annual Exchange Examples
As of 2023, let's assume that a property worth 100,000 Baht is purchased in Thailand. Last year, the value of Baht against Euro was 0.027 EUR, while it is currently 0.031 EUR. This exchange offers significant opportunities for investors.
• 2022: 100,000 Baht x 0.027 EUR = 2,700 EUR
• 2023: 100,000 Baht x 0.031 EUR = 3,100 EUR
• Increase: 3,100 EUR - 2,700 EUR = 400 EUR gain
• Change Percentage: 4002700×100≈14.81%\frac{400}{2700} \times 100 \approx 14.81\%2700400×100≈14.81%
The 14.81% gain achieved on an annual basis is another important factor that makes buying real estate in Thailand attractive for Turkish investors. Fluctuations between the Euro and Baht increase the potential for investors to increase their foreign exchange earnings.
Three-Year Change
The value of the Baht against the Euro was around 0.023 EUR in 2021. In this case:
• 2021: 100,000 Baht x 0.023 EUR = 2,300 EUR
• 2023: 100,000 Baht x 0.031 EUR = 3,100 EUR
• Total Earnings:
• 3,100 EUR - 2,300 EUR = 800 EUR
• Percentage Change: 8002300×100≈34.78%\frac{800}{2300} \times 100 \approx 34.78\%2300800×100≈34.78%
This 34.78% increase shows that the earnings to be provided on the Euro are also significant. Turkish investors who invest in real estate in Thailand have the opportunity to benefit from both the increase in property value and foreign exchange earnings.
Conclusion:
The advantages of investing in real estate in Thailand are not limited to the increase in property value alone. The exchange between the Baht and the Euro offers great opportunities for foreign investors.
The growing real estate market in Thailand also increases the potential to earn in Euros. Foreign investors may consider investing in Thailand to take advantage of these opportunities.