Interesting article on ASEAN NOW today:
Baht swingSome of the replies are worth reading - I hope the pessimist who is suggesting social unrest is wrong. Interesting that someone else sees a HiSo conspiracy to maintain a strong baht as a prop to launder money abroad (I am not sure they really understand the concept of money laundering: its hardly dirty, ill-gotten money. If what they meant was there is a HiSo conspiracy to maintain a strong baht to squirrel as much money as possible in Zurich/London/Singapore I'd be completely onboard).
Does this mean the baht will drop? I'm not sure. Perhaps for those who get their primary income in USD or EUR it will. Not sure about AUD or NZD. Sadly I think the poor old GBP will continue to take a hit because of structural issues in the UK economy (Brexit fall-out, inflation, cost of living). 50/1 would be a good result - who knows.......