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Political Unrest Continues to Undermine Thai Bath’s Strength

December 23, 2013 at 23:56 by Vladimir Vyun

A fan of 1,000-baht billsThe Thai baht fell today as the prolonged political unrest makes the currency very unappealing to investors, who do not like uncertainty and risks associated with social turmoil.

Protests in Thailand persist and show no sign that they may end anytime soon. Prime Minister Yingluck Shinawatra scheduled an election on February 2 after she dissolved the parliament, but demonstrators are trying to prevent candidates from registering for the election. It is not a healthy environment to invest and the baht was falling because of this, even while other risky currencies were rallying.

USD/THB 32.6800 to 32.6950 as of 23:54 GMT today.

If you have any questions, comments, or opinions regarding the Thai Baht, feel free to post them using the commentary form below.

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