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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

Current condition of our country

Day 903, 18:15 • Published in Thailand Indonesia

• by Sadifa Boys

Let's look at the condition of our country's currency in a monetary exchange is so amazing.
We see the exchange value of the exchange the following:
THB to Gold, which 1THB = 0013 G, and
Gold to THB, where 1G = 79 THB
Or it can be concluded if we play in the monetary exchange, we can reap gains 2.7%, if using a standard of value as I've mentioned above.
It was amazing.
Imagine if we had a stock of more G and THB.
How much profit will we can. You can count itself.

Comments

Huckleberry Ryder Day 903, 19:05

dude, its actually not true. one gold gets me 76 THB, 79 THB gets me one gold. thats losing money

Maalaai Day 903, 22:16

And this is bad for our economy, we have companies here because we have cheaper salaries and the manufactured products are cheap too. Maybe if the admins give to Thailand a high raw region, we can devaluate the gold price.

Jimmy_Miller Day 904, 00:26

As a small country I think we appreciate the THB rather than control the gold price 😛

Cheap salaries are a function of less demand for labour. Many people want to start a business in their home country, we need more people to start businesses in Thailand (Particularly because it is more profitable due to our cheaper wages)

Vincent Garibaldi Day 904, 15:16

A 2.7% spread is well within my hoped for range. It's quite good actually, and it periodically dips under 1% but hasn't gone higher than 4% in some time. Demand for THB is fairly brisk.

All in all I would say the THB is doing remarkably well for one of eRep's softest currencies. As I said though, it is a soft currency, and the relatively low demand coupled with a lowish spread makes it far from the most profitable of currencies to trade on the spread. Long bets may be a different case 😉.

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