But the USD has had a series of rate rises, whereas the baht has had one - which the banks have been told not to apply. I realise the GBP is not so strong, but the baht should be weakening vs the USD as well, perhaps even more than the GBP
So despite 2 recent interest rate rises by the US and UK, the baht remains strong, mainly aginst the GBP. I realise that the GBP has tanked vs the USD, but the baht hasn;t really moved.
Any explanation how this continues ?