???? of course when FX doesn't work in your favor, it's always thailand's fault.
What do you think Western countries especially US have been doing, particularly after Covid started. They have been printing $hit load of money like crazy. That IS the real manipulation. Now they are starting to face the consequences of it. Cough, cough, inflation
Why Baht still remains strong? Thailand didn't print money like crazy. They mainly issued bonds and country's debt still remains below 60% of GDP.