The Thai baht fell today after the nation’s central bank reduced its key interest rate in an attempt to spur economic growth that has slowed last year because of the biggest floods in almost 70 years.
Thai Baht THB
Detailed information and fundamental factors
Central Bank: Bank of Thailand
Interest Rate: 3.00%
Public Debt to GDP Ratio, 2010: 43.1%
Trade Balance, 2010: $32.2 bln.
Inflation, 2010: 3.3%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
Political instability
medium
Thai Baht News Archive
Baht Falls as Floods Overwhelm Thailand’s Capital
October 28th, 2011 at 12:45
Thai Baht
The Thai baht fell today on the outlook for slower economic growth and interest rate cut caused by the floods in Thailand’s capital.
Thai Baht Advances on Overseas Inflows
July 08th, 2011 at 15:41
Thai Baht
The Thai baht rose today, together with other Asian currencies, on the speculation that the growing economy and increasing interest rates will draw inflows of foreign funds in the nation’s economy.
Thai Baht Weak Ahead of Elections
The Thai baht fell today on the concerns about the coming elections and on the negative influence of the economic situation in the European Union.
Thai Baht Gains as Economy Grows
The Thai baht gained today on the speculation that the policy makers won’t prevent the appreciation of the currency as the economic growth increases the inflation pressure.
Thai Baht Demonstrates Best Performance Since February 2008
August 31st, 2010 at 11:07
Thai Baht
The Thai baht strengthened today, showing this month the best performance since February 2008, after the central bank raised the borrowing costs and as the pace of the nation’s economic growth was the fastest in 15 years.
Thai Baht Gains on Capital Inflows & Central Bank’s Statement
August 20th, 2010 at 10:27
Thai Baht
The Thai baht gained today as the outlook for the economic growth in Asia increased the inflows of the global funds in the region and after the central bank suggested that it wouldn’t limit the currency’s appreciation.
Thai Baht Rises on Outlook for Growth of Asian Economies
August 18th, 2010 at 10:19
Thai Baht
The Thai baht went up today on the speculation that the fast growth of the Asian nations would attract more investors to the region, increasing the appeal of the Asian currencies.
Thai Baht Rises, but Remains Under Pressure
June 30th, 2010 at 14:55
Thai Baht
The Thai baht rose today after it previously fell as the political turmoil drove away the investors and prompted them to take away the fund from the nation’s equities.
Thai Baht Declines on Political and Civil Crisis
The Thai baht continued its decline against the U.S. dollar today and touched its lowest level in the last 21 months as the political protests and the civil unrest raged through the country.