Jump to content
Sign in to follow this  

Baht Devaluation Again - Is It Possible?

Recommended Posts

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.


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

source: CIA :o


Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...