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Once Asia’s top performer, the Thai baht is now becoming the region’s worst-hit currency


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5 minutes ago, riclag said:

I wonder why ! Could it be that it is all because of the covid crisis , mixed together with the Thai economy growth outlook! !

 

The baht is expected to remain weak in the short term because the US Federal Reserve is likely to raise its policy rate earlier than projected.Its "married" whit $!

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29 minutes ago, internationalism said:

that's good news for export, as well as, paradoxically, for incoming international tourists

Actually not. Economists consider tourism to be an export. Foreigners are sending their money to Thailand. But in the case of tourism, they're keeping their money company.

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1 hour ago, Mac Mickmanus said:

Nearly all prices within Thailand will remain the same . 

Foreign currencies have risen by 20 % , meaning everything will be 20 % cheaper for those exchanging into Baht

its only 10% y o y  ( exept you take the darkest days  in march 2020 when for ex aud was 19) and will make it not a lot cheaper , even thb far away from lows made some years before

 

room to run.....................

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9 hours ago, 3NUMBAS said:

it will eventually be worth bum paper in good time

Thailand has a healthy trade surplus that isn't going anywhere soon. This article is probably bottom ticking the Baht. All up from here.

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11 hours ago, Mac Mickmanus said:

Nearly all prices within Thailand will remain the same . 

Foreign currencies have risen by 20 % , meaning everything will be 20 % cheaper for those exchanging into Baht

Except for imports as I see the prices going up each week at the shops.

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