and many ppl go to Thailand & deposit their mani too.

Its true Thailand has alot of gold, but look at Philipines.

Philipines has like x3 more gold bar reserve than Malaysia, but you see how much the Philipines peso has dropped lately?

The real answer is the budget deficit.

https://tradingeconomics.com/thailand/government-budget

https://tradingeconomics.com/philippines/government-budget

https://tradingeconomics.com/malaysia/government-budget

Look Thai budget deficit? Excluding the covid years, it been consistently quite low.

Meanwhile Philipines budget deficit was low in the 2010s but started to go up alot recent.

And if you compared Philipines peso to MYR, it was stronger in 2010s, but declined alot in the 2020s

Of course this is not the only factor, but its a very important factor.

Coz thai has lots of tourists

And their dark side is all dirty money From corrupt people in Myanmar Laos Cambodia are parked there .

Malaysia bila lagi

LOL.