Quote:
Originally Posted by ATMwalking
I thought he had a world bank background? I'm not a currency guy, but on the surface this seems wrong and actually pretty stupid. Yes?
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Yes - even more surprising is that Thailand not getting punished by this 'strange' behaviour.
Bloomberg today have started to display THB (onshore) 34.78 and THB (offshore) 31.68 rates separately.
Thats now a ~10% stronger THB offshore !!!! - still offshore interest rates are at least 4% higher than onshore rates - goes some way in explaining this aberation.