TITLE

ECONOMIC OUTLOOK: Thailand Currency Weakness

PUB. DATE
October 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Oct2005, Vol. 16 Issue 10, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article presents information on the economic conditions in Thailand. The Thai baht depreciated by over 7% against the U.S. dollar between the start of March and the end of June 2005. A weakening currency will have an inflationary impact on Thailand, as the cost of imports, especially those of oil, rises. The recent increase in inflation in Thailand, which reached 5.6% year-on-year in August 2005, is in large part due to the weakening exchange rate. A weak currency will, however, have the positive impact of making Thailand's exports more competitive.
ACCESSION #
18339596

 

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