Currency Note Worldwide

Devastating attack in Thailand also affects currency rates

By Smart Currency August 19th, 2015

The tragedy on Monday in Bangkok has not only caused emotional distress for those involved, but has also hit Thailand economically. Thai stocks suffered their greatest fall for 19 months as investors fear the attack may affect the country’s busy tourist industry. Consequently, the Thai Baht fell by 0.5% against the US dollar – now reaching a 7.5% drop in 2015, thanks to previous beliefs by investors that the military government will be unable to revive the economy. If the Baht continues in this fashion, then we will see lows not seen since 2009.

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