{"id":119418,"date":"2021-04-01T12:53:35","date_gmt":"2021-04-01T12:53:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=119418"},"modified":"2021-04-01T12:53:35","modified_gmt":"2021-04-01T12:53:35","slug":"kohle-capital-markets-introduces-usd-thb-for-clients","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/kohle-capital-markets-introduces-usd-thb-for-clients\/","title":{"rendered":"Kohle Capital Markets Introduces USD\/THB for Clients"},"content":{"rendered":"
We are proud to announce that Kohle Capital Markets will launch\u00a0a new product: US dollar against Thai baht (product code:\u00a0USD\/THB).<\/p>\n
All investors who have opened an account on our platform can trade this product without restrictions.\u00a0We believe this new product will enable our clients to seize the strong investment opportunities as the Asian economy recovers.<\/p>\n
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As we all know\u00a0Covid-19\u00a0gave a strong blow to the tourism industry. Thai baht, the currency of a well-known tourist hub, should have been severely affected by the epidemic, however, no major impact was seen in its exchange rate against the USD, similar to Renminbi, Thai baht stands strong due to its increasing volume in export, its value has appreciated even during the most serious epidemic period, and even hit a record high of 1 USD to 29.7830 Baht during middle of December 2020.<\/p>\n
With the gradual increase in global vaccine supplies, the recovery of the tourism industry is expected and as income from tourism represents a large portion of\u00a0Thailand\u2019s GDP.<\/p>\n
The reopening of the tourism industry is believed to have a positive impact\u00a0on the exchange rate\u00a0of the\u00a0Thai baht. Thus, we believe adding this pair now will give our investors an investment opportunity.<\/p>\n
In the past few years, Kohle Capital Markets\u2122 has maintained an excellent trading environment and has\u00a0shown an\u00a0ever-increasing in market share. In 2020 alone, the transaction volume of its institutional clients has grown by\u00a022.8%, and it\u00a0is now focused on\u00a0expanding its business to retail clients.<\/p>\n
Kohle Capital Markets provides a reliable and straightforward trading environment; actively\u00a0improving its trading system to provide its clients with more global investment opportunities. Over 450,000 clients are now actively trading with Kohle Capital Markets.<\/p>\n