Today's exchange rate board from Krungsri Bank in Thailand.
Showing posts with label baht. Show all posts
Showing posts with label baht. Show all posts
Friday, 14 June 2013
Wednesday, 12 June 2013
Thai SET and Baht swoon on US news
Thai shares plummeted 4.97% on Tuesday, the largest single-day percentage drop this year, on fund repatriation after the US received a credit outlook upgrade from Standard & Poor's, boosting the odds that the Federal Reserve will taper its stimulus in the coming months.
The baht's pullback is a clear sign of capital outflow. The currency fell to an eight-month low of 30.95/97 to the US dollar. Thai bonds were under foreign selling pressure with net sales of 500 million Baht.
The baht's pullback is a clear sign of capital outflow. The currency fell to an eight-month low of 30.95/97 to the US dollar. Thai bonds were under foreign selling pressure with net sales of 500 million Baht.
Read the full article at The Bangkok Post.
Rag - 1 GBP now worth over 48 Baht.
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