Tourism is booming, the current account is in surplus, and the comparatively high yield on local assets is enticing. No wonder the Thai baht has risen by 8% against the US dollar this year. But the currency could soon "fall foul of economic gravity", says William Pesek on Breakingviews. "Populist pump-priming" and rising global growth are boosting Thailand for now.
Viewpoint
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Review: Eden Roc Cap Cana – fun, sun and golf in the CaribbeanTravel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yetThe chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry
-
Chart of the week: Norway’s crown has slippedCharts The Norwegian krone has slipped to a record low of more than ten to the euro.
-
Chart of the week: sterling’s sea of troublesCharts Sterling slipped to a two-year low against the greenback this week, and remains around 12% below its pre-referendum level.
-
Chart of the week: the pound’s post-war swan diveCharts The pound hit a new 20-month low against the dollar this week as Prime Minister Theresa May postponed the Brexit vote.
-
Chart of the week: The Mexican peso has peakedCharts The Mexican peso has gained 8% against the dollar this year. But that's as far as it is likely to go.
-
Chart of the week: government splits rock the randCharts The South African rand slipped by almost 3% last week, its worst five-day showing since August amid worries that President Jacob Zuma may be set to sack his competent and economically literate deputy Cyril Ramaphosa.
-
Chart of the week: the loonie takes offCharts The Canadian dollar, nicknamed the loonie, has leapt to a two-year high around $1.21 against its US counterpart as a result of Canada's robust eocnomy and higher interest rates.
-
Chart of the week: vote for authoritarianism will crush the Turkish liraCharts The Turkish lira has fallen as Erdogan’s authoritarian tendencies have unsettled foreign investors. It is at near record lows against the US dollar, and is unlikely to rebound any time soon.
-
Chart of the week: a pause in the peso’s declineCharts The Mexican peso has bounced by around 5% from record lows against the US dollar in the past few days. But it has still lost 12% in a year.
