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Om den starka THB.
Newton’s law looms over the Thai baht.
Meanwhile, the Thai baht continues to be the best performing currency in Asia. The Thai currency is riding a 6-year high against the USD and, this year, has surged 8% against the US currency.
But the strong baht is causing knock-on effects to the rest of the Thai economy, battering exports and stifling tourist growth. Economists note Thailand’s solid economic fundamentals and stability, the current account surplus and high foreign reserves, together, are reasons the baht is so attractive to investors and currency speculators.
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thethaiger.com
Newton’s law looms over the Thai baht.
Meanwhile, the Thai baht continues to be the best performing currency in Asia. The Thai currency is riding a 6-year high against the USD and, this year, has surged 8% against the US currency.
But the strong baht is causing knock-on effects to the rest of the Thai economy, battering exports and stifling tourist growth. Economists note Thailand’s solid economic fundamentals and stability, the current account surplus and high foreign reserves, together, are reasons the baht is so attractive to investors and currency speculators.
Hela artikeln
What goes up must come down - the battle of the baht
Economists note Thailand’s solid economic fundamentals and stability, the current account surplus and high foreign reserves are reasons the baht is so attractive
thethaiger.com