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The Currency Crisis In Thailand And Its Effects
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This paper discusses the impact of the currency crisis. On July 2, 1997 Thailand devalued its currency against the dollar, leading to a currency crisis that has led to devaluation's in Indonesia, Malaysia, South Korea, Russia, and Brazil. In our overview, we will discuss the timing of the crisis, the alleged causes, the actions taken by the int ....
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....eginning of the crisis in July, the baht was at B25.90/US$ and is currently at B36.90/US$ signifying a decrease of 29.81%.
Malaysia
In July of 1997, the Malaysian ringgit was at MR2.5200/US$. Currently the ringgit is at 3.7999US$, showing a 33.68 decrease. After a healthy decade of more than 8% growth annually, Malaysia is bracing for a wave of .... |
| Word count: 991 |
Page count: 4 |
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