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In Layman's Terms, Why Is He Baht Still So Strong?

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The baht is strong in large part due to the way in which the BOT manages currency trading in the baht.

Short term speculative baht transactions are not allowed according to the BOT policy.

How they do this explains the small difference in changing baht here or doing so offshore where you will always get a worse rate.

The baht is over-valued and its strength reflects weaker overseas currencies.

The $/Pound/yen/Eur are ALL stuffed at the moment.

incorrect information. out of 6 transfers during the last 18 months i got a better rate offshore on 4 transfers. i mentioned that several times but the fairy tale "onshore always better than offshore" is still published in Thaivisa.

where off shore are you getting better rates ?

my banks in Singapore and Luxembourg. not always of course.

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