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Maizefarmer

Baht Devaluation Again - Is It Possible?

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It is widely believed that the BOT is trying very hard to keep the baht above 30. Of course they tried very hard to keep it above 40, then 38, then 35, etc. In today’s world, a small central bank like BOT does not have much influence on the market, the reserves are just not there nor should they be squandered trying influence the market.

I am eagerly awaiting this cycle to top out and start the other way, but I'm afraid it could be several years.

TH

Baht per US dollar - 33.599 (2007), 37.882 (2006), 40.22 (2005), 40.222 (2004), 41.485 (2003)

source: CIA :o

LaoPo

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