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  1. #1
    Thailand Expat misskit's Avatar
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    A handful of Asia's currencies are holding up amid the carnage hitting their peers

    • Amid the carnage in emerging currencies, the Thai baht has stood out for its exceptional performance.
    • While not as strong as the baht, the Malaysia ringgit has been relatively resilient, not sliding as much as the other regional currencies in turmoil.
    • Elsewhere in Asia, the South Korean won, Singapore dollar,and the Taiwanese dollar are also holding out well, according to analysts.


    More
    https://www.cnbc.com/2018/09/07/thai...oing-well.html

  2. #2
    Thailand Expat jabir's Avatar
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    Still can't fathom how the baht could be so strong against the majors; and don't nobody try explain to me, goes whoosh!

  3. #3
    I am in Jail
    stroller's Avatar
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    So, would this be a good time to buy Kip or Pesos?

  4. #4
    POTUS HOCUS
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    Buy beer Lao and all you rubbles seem so fart away

  5. #5
    Thailand Expat
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    like in 1997, THB was holding its ground, until it was too late and it crashed overnight

    we are entering the same scenario now, 20 years after

    incidentally, Thai companies have massive debt now to "finance" holding ground in several shocks over the last few years, a good size of them in USD, so what possibly could go wrong

  6. #6
    Thailand Expat raycarey's Avatar
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    ^

    BOT says it has massive foreign currency reserves and low foreign denominated debt....of course they could be lying, but foreign investors seem to believe them.

  7. #7
    Thailand Expat cyrille's Avatar
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    Buttplug insisting otherwise makes their case watertight, surely?

  8. #8
    Thailand Expat
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    Quote Originally Posted by raycarey View Post
    ^

    BOT says it has massive foreign currency reserves and low foreign denominated debt....of course they could be lying, but foreign investors seem to believe them.
    I am sure they have massive reserves of currency, but doesn't matter, will only last a few days or weeks depending on the severity of the crisis when it hits

    it will be panic time and they will throw everything out of the window,

  9. #9
    Thailand Expat
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    Quote Originally Posted by cyrille View Post
    Buttplug insisting otherwise makes their case watertight, surely?
    oh shut up fraud, go play with LoyToy 1.0, he is waiting for you

  10. #10
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Dragonfly View Post
    we are entering the same scenario now, 20 years after
    Feels like it to me. Private debt remains high. Foreign investment declining. Won't take much Soros like runs on currency to set off another 1997 decline.

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