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Baht could sink even further, analyst warns

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1 hour ago, matchar said:

Baht recovered slightly... government intervention?

Not sure, if so that's a bad sign for the baht, can't buck the market. Baht back down again today

Screenshot_2021-08-13-11-15-56-486_com.miui.home~2.jpg

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  • Yes please.   

  • lodstewart
    lodstewart

    50Bt to the pound sterling would be so good then 55Bt ,  back to before brexit great news for all the Brit pensioners

  • RichardColeman
    RichardColeman

    Finding it hard to think of a good reason as to why this is not a bad thing

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On 8/8/2021 at 12:18 PM, Moo 2 said:

My wife (Thai) said she would vote for Prayut at the next elections if he raises the bar to 33 Baht for 1 Aussie $.  Is that blackmail or just desperation?

Got 46 yesterday with my UK pension, Amen. ????????

On 8/5/2021 at 11:09 AM, spidermike007 said:

The economy is in a shambles, tourism will not return for years, exports are way down, homelessness is exploding, the unemployment rate might be as high as 40%, and foreign investors are now scared of anything related to Thailand. 

The tourism sector is severely impacted, but I don't think the economy as a whole is that bad. I've never seen so much building activity in my area, but if Trading Economics data is correct, exports are doing fine.

 

image.png.e48c8cbe539ab1f74fc93a38a2944543.png

The GDP is not that great, but it's not a catastrophe either.

image.png.93c3120ce95fd5eab44551e0d1316daf.png

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