We’ve longed thought aloud that the Thai Baht should eventually return to THB 25/usd over the past few years and we continue to think this going forward. Yes people yell at us, “charlatan! fools! It will never go back!” and we’ve been hearing the same comments since we begun working here in 2004-5 when the baht was at high 30’s to the USD.
Look, the fact remains that the Thai economy is growing faster than the US, the 10 year yield rate is higher than the US, and almost every other SE Asian currency is near or has surpassed its pre-’97 levels. And its only going to be a matter of time before the Thai Baht does as well.
Also our lovely chartist friend, Ploy, sent around this comment below last month with her thoughts from a technical level on the baht. Enjoy!
Thai baht has been the strongest currency in the region for the past month. Many are wondering where it will be likely to head to. Here is some thought on the Technical analysis side.