Thread: Maybe they'll do somethng,

The 10-per-cent appreciation of the Thai baht this year could cut Thailand's gross domestic producct (GDP) growth by 0.7 to 1 per cent, Naris Chaiyasoot, director-general of the Finance Ministry's Fiscal Policy Office said

25 to 1 in the none too distant future is being mooted .....................

I think a bank 'expert' recently mentioned 27 next year then direction 25.

Not according to Kasikorn's experts....

Thailand’s baht will advance 3.7 percent to 29 per dollar by year-end as developed nations pump more funds into their economies to spur growth, boosting inflows into higher-yielding assets, according to Kasikornbank Pcl.

The currency will strengthen to 28 by the end of 2011, Kobsidthi Silpachai, head of capital market research at the bank, wrote in a report issued yesterday. Kasikornbank, Thailand’s third-biggest lender by assets, predicted Sept. 10 that the baht would appreciate to 30.20 by Dec. 31.

“As long as the Federal Reserve and some other major economies are printing money, more money is coming to Asia, including Thailand and other emerging markets,” Kobsidthi said in an interview yesterday. “The growth potential is much better in those nations than the developed countries.”

The baht has climbed 10.8 percent against the dollar this year, the best performance in Asia excluding the yen. The currency was little changed at 30.06 as of 11:40 a.m. in Bangkok, according to data compiled by Bloomberg. It reached 29.81 on Oct. 8, the strongest level since 1997 when the baht’s devaluation triggered the Asian financial crisis.

Overseas investors are pumping money into Thai equities and bonds to benefit from the fastest economic growth in 15 years. Global funds bought $1.6 billion more stocks than they sold this year and purchased a net $7.6 billion of debt, according to data from the stock exchange and the Thai Bond Market Association.

Originally Posted by phomsanuk

The 10-per-cent appreciation of the Thai baht this year could cut Thailand's gross domestic producct (GDP) growth by 0.7 to 1 per cent, Naris Chaiyasoot, director-general of the Finance Ministry's Fiscal Policy Office said

If an undervalued currency is so great then why don't you want one ?