Thread: thai baht rate update
View Single Post
  #2227  
Old 29-10-2008, 02:00 PM
adidas88's Avatar
adidas88 adidas88 is offline
Samster
  
Join Date: Oct 2007
Posts: 10,725
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My Reputation: Points: 1430 / Power: 18
adidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud ofadidas88 has much to be proud of
Re: thai baht rate update
Quote:
Originally Posted by ahtecklim View Post
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?
it is not that baht is strong but rather our sin$ is weak ...
MAS devalue our currency to make singapore more competitive with other countries ..