Category Archives: economy

Baht Freefall

July 5, 2007 – 11:23 pm

“No brakes.” The Baht dropped below 34 to the dollar on the strength of foreign capital influx into the Thai Stock Market capping a 12% decrease for the once-almighty dollar. My math has the damage at 16%. 41 to 34.

By Peter | Also posted in Thailand | Comments (0)

30 Baht to the Dollar

July 4, 2007 – 10:08 pm

Say it isn’t so. 34.17 Baht to the Dollar. It could get even worse. The Thai Baht closed against the US Dollar at its highest rate since the 1997 collapse of the national currency. A Security VP has cautioned the government that the baht’s appreciation is dangerous, due to the lack of economic restrictions on […]

By Peter | Also posted in Thailand | Tagged , , | Comments (0)