Baht may fall even further, say analysts
“The baht is expected to retreat beyond 36 to the US dollar by year-end following the unexpected devaluation of the yuan, say analysts.
CIMB Thai Bank’s research centre warns the baht could slide to 40 to the dollar next year in the event of a currency war. Head of research Amornthep Chawla said a currency war should not be ruled out,…
The baht has plunged by 7-8% against the dollar this year compared with 18% for Malaysia’s ringgit.”
Great news if you have been looking to buy a Thai property recently, we have watched prices drop from foreign buyers perspectives!
Thai Baht = 55.1 to GBP, 35.6 to USD, 40.2 to Euro
Please read full article on Bangkok Post here