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Thai Baht

Misab
Misab
in Jobs, Economy, Banking, Business, Investments

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According to Thai Excaminer.com

Thai Baht hits 15 years low.  Well, I don’t know which country they compare Thai Baht to but definitely not euro, perhaps US dollar, that had a down trend about that time but there are other currencies in the world than the US dollar, and Thai export as far as I know only represent 10 % to the US.

It is not true that Thai Baht hits 15 years low over for euro.  In 2010 the average exchange rate over for Euro was 42.09. Today it is 37.41 so for many other currencies a much stronger Baht than in 2010.

MOVED to Banking

 

My conspiracy theory is that Thailand govt sets the rates they like not the world market. ????

Already in the News, please continue there.

 

 

 

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