The Singapore Dollar (SGD) has surged to a record high against the Thai Baht (THB).
As of 3 October, the exchange rate now stands at an impressive S$1 = 27.00 THB. Several factors have contributed to the weakening of the Thai Baht. Driven by a combination of the stronger US dollar, higher oil prices, and a weakening global economy.
This significant shift in currency values is undoubtedly great news for travelers looking to explore the wonders of Thailand. With the Thai Baht weakening against the Singapore Dollar, visiting Bangkok and other Thai cities is set to become a more affordable and attractive option.