The Thai baht advanced today, trading near the highest level since 1997. Other Asian currencies, except the yen, also advanced on foreign capital inflows.
Thai Baht THB
Detailed information and fundamental factors
Central Bank: Bank of Thailand
Interest Rate: 2.75%
Public Debt to GDP Ratio, 2011: 40.5%
Trade Balance, 2011: $25.3 bln.
Inflation, 2011: 3.8%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
Political instability
medium
The Thai baht is the official currency of Thailand. Thailand’s economy, which is one of the fastest-growing in Asia, is export-oriented, making the currency susceptible to an influence of outside events. The United States is the biggest export market for Thailand.
Thai Baht News Archive
Japan’s QE Leads to Stronger Thai Baht
April 09th, 2013 at 14:50
Thai Baht , Carry Trade
The Thai baht gained today, reaching above 29 per dollar for the first time since 1997, as excessive quantitative easing in Japan led to capital inflows to other Asian nations, including Thailand.
Thai Baht Weakens on Prospects for Intervention
April 04th, 2013 at 16:11
Thai Baht
The Thai baht went down today on speculations that policy makers will intervene to curb currency’s gains that may threaten the nation’s economy.
Thai Baht Weakened by Threat of Intervention
February 06th, 2013 at 11:12
Thai Baht
The Thai baht fell today on concerns that the Thai policy makers will intervene to curb appreciation of the currency, joining the so-called currency war.
Thai Baht Gains on Optimism Spurred by Obama’s Reelection
November 09th, 2012 at 14:13
Thai Baht
The Thai baht gained today as the reelection of Barack Obama as US President made investors believe that quantitative easing will persist and inflows into emerging markets will continue.
Baht Falls as Central Bank Cuts Growth Outlook
August 17th, 2012 at 11:18
Thai Baht
The Thai baht fell today as Thailand’s central bank cut its growth forecast for this year, spurring fears that the external negative influences would overcome domestic economic growth.
Baht Posts Biggest Weekly Drop in 2011
May 25th, 2012 at 22:58
Thai Baht
The Thai baht dropped today, posting the biggest weekly loss this year. Foreign investors reduced holdings of the nation’s shared on fears that the crisis in Europe would slow global economic growth.
Thai Baht Falls as Finance Minister Concerned About Strong Currency
March 23rd, 2012 at 12:12
Thai Baht
Thai baht fell today as nation’s Finance Minister Kittiratt Na-Ranong expressed concerns that the strong currency hurts Thailand’s economy and voiced his opinion that the central bank should ease the monetary policy.
Thai Central Bank Cut Interest Rates, Baht Weaker
January 25th, 2012 at 12:23
Thai Baht
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.
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.
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