Thai Baht Hits 5 Year High

The Wall Street Journal/Dow Jones reports today: A rush of cash into Thailand has sent the baht to its highest level in more than five years, making it Asia’s top currency in 2013, as investors clamor for deals in the fast-expanding Southeast Asian economy. Fund managers also have been pouring money into shares, driving the […]

What does the rising baht mean to the Thai government and exporters?

For an examination of what the rising Thai baht — previous posts here and here — means to the Thai government and exporters, I suggest this post from James Harriman at Asian Correspondent: Panic over the rising baht: …The Thai baht has strengthened significantly versus the US dollar over the last year, as have most […]

Thai baht rises to 31.06 to the dollar

Bloomberg: Baht Rises to 13-Year High as Growth Outlook Boosts Inflows: Sept. 6 (Bloomberg) — Thailand’s baht rose to the strongest level since 1997 as the outlook for economic growth and speculation interest rates may rise further encouraged investors to pour money into the nation’s stocks and bonds. The baht gained 0.4 percent to 31.07 […]