Foreigners’ income shouldn’t determine Thailand’s currency



Re: Baht should be in 35 to 38 range (PM Mailbag Friday 3 April 2015) – There are a lot of people who feel the baht should be pushed lower. These people are primarily those whose income is based in a non-Thai currency such as Euro, Dollar, and Aussie Dollar. Particularly the non-USD earners have seen their Thai Baht earnings plummet with the decline of the Euro and the Aussie Dollar and that the baht is being kept even with the stronger US Dollar.

But the loss in income of foreigners in Thailand should not be the basis for Thailand’s currency policy.

John Nielson