BANKOngoing situation
Thai Baht Slumps 8% as Trade Deficit Fears Grow
How this developed
Baht hits 15-month low as imports outpace exports
The Thai baht has fallen to its lowest level in 15 months, driven by imports growing faster than exports and a widening current account deficit. This weakens the purchasing power of any foreign income or savings expats convert to baht, and may push up prices of imported goods.
Baht slumps 8%, trade deficit widens as exports boom
Thailand's baht has fallen 8% against major currencies, while record exports mask a widening trade deficit. The weaker baht gives expats more purchasing power when converting foreign income or savings, but signals underlying economic imbalances.