QUOTE(AVFAN @ Aug 22 2015, 06:50 PM)
i just took a fresh look at the chart after putting in all the variables.
http://www.bloomberg.com/quote/USDMYR:CURu can pair as many as u like.
from that bloomberg fx chart,
in the last 1 yr, against usd, from best to worst among the selected currencies:
chinese renminbi ("pegged", post devaluation)
thai baht
sing dollar
euro
japanese yen
korean won
indon rupiah
new zealand dollar
aussie dollar
malaysian ringgit
it is curious how come the thai baht is so strong?
big beneficiary of cheap oil?
thai exports exploding? (yes, i know and have visited some monster size rubber glove and food factories there)
bigger and bigger tourism $?
1 year difference
USD/HKD 0.03%
USD/RMB 3.8%
USD/GBP 5.6%
USD/TWD 8.9%
USD/THB 11.8%
USD/SGD 12.7%
USD/JPY 17.4%
UDS/KRW 17.4%
USD/Eur 16.3%
USD/INR 19.4%
USD/CAD 20.5%
USD/NZD 25.8%
USD/AUD 27.3%
USD/MYR 31.9%
USD/RUB 92.6%
On Thailand, I think it is the perception and confidence it commands. Despite military coup, investors have more confidence in the army than a democratically elected but corrupt Thaksin government.
QUOTE
The Bank of Thailand has likely intervened at times to keep the baht stronger to try to avert capital outflows amid concerns about an expected U.S. Federal Reserve rate increase, said Charl Kengchon, managing director at Kasikorn Research. Such a move by the Fed could spark fund outflows from emerging markets such as Thailand, where bondholdings by overseas investors total as much as 600 billion baht ($18.38 billion), added Mr. Charl.
The country’s current-account surplus and large holdings of U.S. dollars have contributed to the baht’s relative strength in the region. The Thai central bank’s reserves of foreign currency declined to $155.4 billion by the end of January compared with $166.8 billion in January of last year, according to the Bank of Thailand.
http://www.wsj.com/articles/thailand-expor...ency-1423660862This post has been edited by Showtime747: Aug 22 2015, 10:17 PM