Results 1 to 2 of 2
  1. #1
    Thailand Expat David48atTD's Avatar
    Join Date
    Jan 2016
    Last Online
    @
    Location
    Palace Far from Worries
    Posts
    14,389

    Once Asia"s top performer, Thai baht is now becoming the region"s worst-hit currency

    Once Asia"s top performer, Thai baht is now becoming the region"s worst-hit currency-106375437-1580965198667gettyimages-975489826-jpg


    Key Points
    • The “uncharacteristic under-performance in the Thai Baht, rendering it the worst performer to date in 2021,” Mizuho Bank said in a note on Friday.
    • Thailand had only over 34,000 tourist arrivals as of May this year, compared with over 39 million in 2019.
    • It’s going to be “very challenging” for Thailand to reopen up to tourists while still battling the Covid pandemic, said Nomura’s Chief Asean Economist Euben Paracuelles.


    Asian currencies: Thailand Covid, lack of tourism hit Thai baht
    Someone is sitting in the shade today because someone planted a tree a long time ago ...


  2. #2
    Member

    Join Date
    Jul 2021
    Last Online
    18-09-2021 @ 05:01 PM
    Posts
    100
    THB is still overvalued. BOT keeps THB artificially high so that rich Thai and their kids who own the BOI can shop inexpensively in London.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •