Movements of THB and regional currencies Currencies Same direction as foreign currencies"/ Different direction SGD 93% 7% THB 85% 15% TWD 73% 27% MYR 70% 30% KRW 69% 31% INR 68% 32% IDR 67% 33% PHP 66% 34% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Note: " refers to fluctuations that move in the same direction as the U.S. Dollar Index (DXY) or the Asian Dollar Index (ADXY). "Different direction" refers to fluctuations that do not move in the same direction as the U.S. Dollar Index (DXY) and the Asian Dollar Index (ADXY). The data is the daily average from 2015-2020. Source: BloombergProportions of baht transactions in each market Onshore m Offshore 21% 79% 61% . 48% 39% 2016 2017 2018 2019 Note: Offshore transactions were calculated from the FX-THB transactions between non-residents, while onshore transactions were calculated from the FX-THB transactions of non-residents and residents against the domestic commercial banks Source: Bank for International Settiements FX transfer fee (percentage of total transaction fees) Exchange fee Transfer fee 1.5% 1.1% 0.9% 1.6% 1% 1.4% 2% 2.1% 0.6% 0.8% India Singapore South Korea Malaysia Thailand Note: The calculation is based on the average cost of transferring 500 U.S. Dollars, separated into the exchange fee and transfer fee, charged by both banks and non-banks from Q1-Q3 of 2020 Source: World Bank