Thread: Thai baht volatile amidst global uncertainties

BANGKOK, 5th January 2018 (NNT) - Many sectors have expressed concern over the strengthening Thai baht, as it approaches its three-year high of 32.2 baht per US dollar. However, Kasikorn Research Center says the baht's appreciation remains in line with other currencies in the region.

Kasikorn Research Center said today that the US dollar still lacks significant support factors, despite indications by the US Federal Reserve that it will continue to raise interest rates. The move is in contrast to Thailand's intention to hold interest rates at 1.5% for much of 2018.

The research center says it will continue to monitor the volatility of the Thai baht due to various global uncertainties, as interest rate hikes by the Federal Reserve are not the sole factor affecting the currency this year. According to the Kasikorn Research Center, other factors include Thailand's budget surplus, and the domestic and international politics of the United States.

The research center therefore advised the private sector to select appropriate risk management tools, especially businesses dealing with international transactions, to better manage inflows and principle capital.

National News Bureau Of Thailand | Kasikorn Research Center says Thai baht volatile amidst global uncertainties

In 2010 it was 44 Thai baht per dollar. It's been a roller coaster ever since. I recall talk of a realestate bubble but that was before my time.
I'm not sure what the mood is there now but the times of the old monkeys seemed to have thinned a bit

Just reflection off the ripples


The fish.

98 rings a bell.

The Thai Baht just seems to keep on keeping on with no fooking end in sight.

Wish it would sink down the shitter, my Aussy peso don't like it.

Originally Posted by fishlocker

98 rings a bell.

'97....