A lot of us have been asking for this feature in Thailand since it launched in October, and now it’s here.If you’re not familiar with it, Thailand is the world’s second-largest economy.That means that, with a population of around 1.6 billion, it has the third-highest GDP per capita in the world behind the US and…
Tag: thai currency
What is a Malay Lumpy?
When you hear the word “malay” you usually think of the currency used in Southeast Asia.It’s not just the Malaysian ringgit that’s pegged to the U.S. dollar.It also comes in two different forms: Malaysian ringgits and Thai lira.The difference is that the Malaysian lira is not tied to the dollar.Malaysia is one of the most…
What is the US dollar?
A lot of things.The dollar is a global reserve currency and, for the last four years, it’s been trading at about 40 percent of the world’s reserve value.The Fed, which is not a government agency, controls the supply and demand of dollars.That means that if the Fed were to hike the dollar’s value, it would…
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