Is The Thai Baht On Steroids?

An incredibly strong Thai baht continues to crush foreign currencies.  In particular, the American dollar has fallen to a record 13-year low.  The buying rate for 1 US dollar is now just 29.67 Thai baht.  This is bound to raise alarm bells.  The Euro has also nose dived and 1 Euro is now 38.62 Thai baht.  Some people in the financial sector feel that the Thai government should intervene.  Thai Prime Minister Abhisit Vejjajiva has warned that the Thai baht could well rise even further.  Below is a link to the full news report, plus a link to Bangkok Bank’s foreign exchange rates…

NEWS STORY – PM Abhisit Warns Baht May Rise Even Further

BANGKOK BANK – Bangkok Bank Foreign Exchange Rate Page

PATTAYA CITY NEWS – Two Killed By Canadian Drunk Driver

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One Response to “Is The Thai Baht On Steroids?”

  1. I went back to Bangkok Bank’s foreign currency exchange rates and the buying rate for 50-100 US dollars is 30.45 baht. Note that 29.67 baht is the buying rate for 1 US dollar.

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