Baht To Strengthen, Despite Weak Exports

June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p1
Country Report
Country Report
The article reports that Thailand's currency, the baht, will strengthen during 2005 despite depreciating by more than 4 percent against the U.S. dollar since January 1. After the Thai baht underwent a strong appreciation between September 2004 and February 2005, it was thought the Thai monetary authorities were prepared for the Thai currency to continue to appreciate in an attempt to stem rising inflationary pressures. However, since the start of March, the Thai currency has depreciated by around 4 percent, undoing half of the earlier appreciation against the U.S. dollar. Thailand, along with a number of other Asian countries including South Korea and Taiwan, had been winning international plaudits for allowing its currency to appreciate against the dollar.


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