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Thai Baht & Gb Pound


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Hi

I keep an eye of how many bahts i get for a pound, but over the last few weeks I'm confused/amazed !

Basically the USD has been gaining against GBP, but THB has been losing to GBP. Now I know that THB is not pegged to USD, but do they have a basket of currencies they use ? Or is THB totally independent.

GBPTHB-MayJun05.jpg

In the graphs you'll see that even as EUR gains against GBP THB still loses.

If anyone can share some enlightenment on this it will be much appreciated.

Over the past couple of years I have used GBP/USD as a measure of GBP/THB, but in the past few weeks this has been broken and I dont know why.

Nevertheless it is good for people with GBP.

Cheers

PS - What is going on with Lao Kip - why such a big drop - see the graph below !

GBPLAK-MayJun05.jpg

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