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Baht Continues to Weaken

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Posted

Since the lifting of the restrictions that caused the weakening of the baht, I expected the baht to either hold where it was or strengthen again. However, at least as of 8:25 AM, Thailand time on Thursday morning, it is continuing to weaken. Yesterday, the closing exchange rate between the baht and the US dollar was 35.5 baht to the dollar.

 

Here are the opening rates for Thursday, December 21:

 

US dollar: 35.90

 

Euro: 47.205

 

British pound: 70.455

 

Australian dollar: 28.025

 

Canadian dollar: 31.105

Posted

A Happy Christmas especially for those on fixed pensions from abroad. and not bad at all for all farangs.

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