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About Currency

Currency
Currency of ASEAN Member Countries:

• THB Thai baht
• LAK Lao Kip
• BND Brunei Dollar
• KHR Cambodian Riel
• IDR Indonesian Rupiah
• MYR Malaysian Ringgit
• MMK Myanmar Kyat
• PHP Philippine Peso
• SGD Singapore Dollar
• VND Vietnamese Dong

ASEAN +6

• RBM Chinese Yuan
• KRW South Korean won
• JPY Japanese Yen
• AUD Australian Dollar
• INR Indian Rupees
• NZD New Zealand Dollar

Important

• GBP British Pound
• EUR Euro
• USD US Dollar
• CHF Swiss Franc
• RUB Russian Ruble
• KWD Kuwait Dinar

Inflation is a condition in which the price of goods continues to rise. Things that we used to buy have increased in price, that is , more money can buy less things. Previously, buying 2 candies , spending 1 baht, but now using 1 baht, can only buy one candy. gives manufacturers an advantage People with regular income are at a disadvantage.

Deflation is a condition in which the price of goods continues to decline. Things that we used to buy have been adjusted downward, that is , less money can buy a lot of things, from the beginning of buying 1 baht of gold for 10000 baht, but now using 8000 baht to buy gold.

Equilibrium at this point, no one will have an advantage or disadvantage. Because it is the midpoint between inflation and deflation.

Inflation – Deflation

– 0 % <x<5 % = weak

– 5 % <x<20 % = Moderate

– 20 % <x<50 % = severe

*** Thailand’s 3% inflation is the best