How much was the USD account interest rate in year 1997-1998 crisis?

[topswijaya]

Dear all,

 

How much was the USD account interest rate in year 1997-1998 crisis?

 

Thanks

[nigelforbes]

Consumer bank account interest? Fed rate of interest? Which rate of interest and where? Perhaps this will be a useful starting point for you. 

 

https://tradingeconomics.com/united-states/interest-rate

Edited October 24, 2022 by nigelforbes

[clearance]

 

https://www.bot.or.th/App/BTWS_STAT/statistics/ReportPage.aspx?reportID=409&language=eng

I think rates is for THB, maybe you can find something about USD accounts here, or try official sites of banks, that exist in 97-98

[topswijaya]

What mean is how much  the retail ( ordinary consumer) USD account interest rate in year 1997-1998 crisis in Thailand was?

 

 Could a ordinary foreigner have usd account ( not just Baht account) at Thai bank in Thailand in 1997-1998?

Thanks

Edited October 24, 2022 by topswijaya

[nigelforbes]

12 minutes ago, topswijaya said:

What mean is how much  the retail ( ordinary consumer) USD account interest rate in year 1997-1998 crisis in Thailand was?

 

 Could a ordinary foreigner have usd account ( not just Baht account) at Thai bank in Thailand in 1997-1998?

Thanks

Yes it was possible for consumers to open mutli-currency accounts at that time, accounts that included USD, several of the banks offered them including HSBC.

 

The rate they would have offered on USD would have been similar to the rate offered by US banks, probably slightly less. There would not have been a premium just because the account was held in Thailand and the Thai economy was going through the crash, if that's what you are thinking. By offering USD/multi-currency accounts the banks are offering a service to customers and making a profit at the same time, the banks could buy USD on the open market anywhere, without a problem so it's not a case of banks trying to attract USD, in exchange for THB.

[topswijaya]

Thailand Thai currency  deposit intetest rate :

https://data.worldbank.org/indicator/FR.INR.RINR?locations=TH

 

Thanks for all those answers 

[nigelforbes]

5 minutes ago, topswijaya said:

Thailand Thai currency  deposit intetest rate :

https://data.worldbank.org/indicator/FR.INR.RINR?locations=TH

 

Thanks for all those answers 

That link shows real interest rates on THB, not nominal interest rates or anything to do with USD.