Thread: thai baht rate update
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Old 29-10-2008, 01:04 PM
ahtecklim ahtecklim is offline
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Re: thai baht rate update
Quote:
Originally Posted by Bushnell 1918cb View Post
Hi,

By looking at the current volatile economic situation, if it reaches 23.00. Those whom have extra cash (S$), can change more to Thai Bahts. SG currency is weakening & the GDP is expected to fall below 4% according to MAS. Nightmare for frequent cheongster like us.
I'm not in the trade but why is the baht so strong even with all the political problems and worldwide financial meltdown.

With tourism and exports down , one would expect the thais to devalue it. As well with the problems mentioned above , I was expecting it to be in their 30's like post-Asian Financial Crisis.

Any insight?