It's no secret that a lot of people who live in Thailand rely on income from abroad.
I was told years ago that the baht surges at the beginning of each month to gain an advantage over various currencies flowing into the nation's banking system. I've done an informal analysis (of about 10 years) of my home currency and found that the fluctuation was significant (preceding each month) until last year. It seems the baht is now pegged to the US dollar. Anybody else noticed this?
I was told years ago that the baht surges at the beginning of each month to gain an advantage over various currencies flowing into the nation's banking system. I've done an informal analysis (of about 10 years) of my home currency and found that the fluctuation was significant (preceding each month) until last year. It seems the baht is now pegged to the US dollar. Anybody else noticed this?
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