The Thai Baht, our beleaguered currency, has had something of a difficult few years. Successful debt and inflation crises have eroded the value of the Baht numerous times, not least the events of 2015-16, which saw the Baht plunge to some of the lowest levels against the Dollar in history.
However, things finally seem to be turning around. The erosion of the dollar continued capital flight into Asia, and a host of other factors have led to a sustained rally of the Baht that has pushed it to some of its highest-ever valuations.
While some detractors might think this is a temporary blip, here are three reasons for longer-term optimism.
1. The US Dollar is Set for a Weak 2021
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US dollar, which most experts agree is going to continue declining throughout the rest of the year. Since Thailand…
