webfact Posted August 12, 2021 Share Posted August 12, 2021 The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point last week, its weakest in almost three years, according to Kasikorn Research Fragile economy “The baht’s slide reflects the dichotomy of the Thai economic recovery and the US economic recovery. The outbreak of the delta variant without sufficient vaccination equates to lockdowns which make economic activity very difficult,” said Kobsidthi Silpachai, head of capital markets research at Kasikorn bank. Thailand is among emerging market economies which have failed to rebound quickly from the COVID-19 fallout. Full story: https://www.thaipbsworld.com/weaker-baht-may-not-help-economy-if-covid-not-contained/ -- © Copyright Thai PBS 2021-08-12 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post Laughing Gravy Posted August 12, 2021 Popular Post Share Posted August 12, 2021 I hope people do not get paid for writing this blooming obvious article. 3 5 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted August 12, 2021 Popular Post Share Posted August 12, 2021 14 minutes ago, webfact said: weakest You're welcome to use the word weak when the Baht dropped another 50%. 3 1 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted August 12, 2021 Popular Post Share Posted August 12, 2021 I'm in Phuket now doing my sandbox thingy and the only business that enjoys the weaker baht and seem to thrive and do a land office business are the countless number of massage shops with plethora of lasses manning the shops... 1 3 Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 12, 2021 Share Posted August 12, 2021 Aha, now we have an excuse as to why the Baht has risen 1% vs USD, plus rises in Euro and Pound—in the last 24 hours. 1 Link to comment Share on other sites More sharing options...
Popular Post MrJ2U Posted August 12, 2021 Popular Post Share Posted August 12, 2021 Its helping my economy. 1 2 Link to comment Share on other sites More sharing options...
Mickeymaus Posted August 12, 2021 Share Posted August 12, 2021 Can the Baht be trusted? 1 Link to comment Share on other sites More sharing options...
Tracyb Posted August 12, 2021 Share Posted August 12, 2021 3 hours ago, ezzra said: I'm in Phuket now doing my sandbox thingy and the only business that enjoys the weaker baht and seem to thrive and do a land office business are the countless number of massage shops with plethora of lasses manning the shops... Are there laddies manning any shops there? Asking for a friend! 1 1 Link to comment Share on other sites More sharing options...
Popular Post tingtong Posted August 12, 2021 Popular Post Share Posted August 12, 2021 2 minutes ago, Tracyb said: Are there laddies manning any shops there? Asking for a friend! Ladies manning ..or men ladying... Confusing terminology. Would not want to visit the wrong shop. 1 2 Link to comment Share on other sites More sharing options...
hotchilli Posted August 12, 2021 Share Posted August 12, 2021 7 minutes ago, Tracyb said: Are there laddies manning any shops there? Asking for a friend! Is your friend male? Link to comment Share on other sites More sharing options...
Stargeezr Posted August 12, 2021 Share Posted August 12, 2021 Well if people can trust Bitcoin, they surely can trust the baht. Same as people trust the USA dollar, from a country that is trillions and trillions in debt. Geezer 1 Link to comment Share on other sites More sharing options...
internationalism Posted August 13, 2021 Share Posted August 13, 2021 possibly will boost a little export, still a lot of rice, rubber, agricultural products Link to comment Share on other sites More sharing options...
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