How is the baht defying gravity?
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If you see an old farang sitting on a footbridge at Lat Phrao or Central rattling a tin cup, it is probably me.
The Australian dollar was at a high of Bt32 last year, but has since been in free-fall and today is quoted at Bt25.7.
I’m no economist, so can someone please explain to me why, with all of Thailand’s woes, the baht defies the laws of gravity and remains so strong?
David Brown
