3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US dollar, which most experts agree is going to continue declining throughout the rest of the year.
Fitch confirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Thailand’s ratings are supported by strong public and external finances, which have provided buffers to respond to the economic shock and market volatility associated with the coronavirus pandemic.
Thailand rated among least vulnerable countries to a strengthening US dollar
Countries with large current account deficits, high external debt repayments and substantial foreign-currency government debt are most exposed but Thailand is among the least vulnerable countries to a stronger dollar.