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Baht bucks trends
Bangkok Post
|May 17, 2025
Re: “Baht poised to weaken further”, (Business, May 14) and “Foreigners get keen on Thai markets”, (Business, May 13).
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Despite a series of underwhelming economic indicators and a deteriorating credit outlook, the Thai baht has remained surprisingly resilient.
Over the past 12 months, the currency has appreciated even as Moody's downgraded Thailand's credit outlook and both the IMF and World Bank forecast the country’s annual growth at below 2% — a notable decline.
According to the Bank for International Settlements and the Bank of Thailand, the real effective exchange rate of the baht has appreciated by roughly 25% over the past two decades.
This story is from the May 17, 2025 edition of Bangkok Post.
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