The declining value of the baht: What does it mean for Thailand?

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The declining value of the baht: What does it mean for Thailand?

The sharp depreciation of the baht in recent weeks has revived the debate on the short-term prospects for the Thai currency. The baht fell below the threshold of 37 to the dollar, hitting a six-month low. Among underperforming Asian currencies, the Japanese yen saw the sharpest fall of 155 to the dollar, a 10.5 per cent plunge in the current year, followed by the baht, which has depreciated 7-8 per cent. The Indonesian rupiah is also on a slide,…