1.   As the Thai baht plunged to a record low against the dollar, the Philippine central bank shoved interest rates higher to protect the local currency.

2.   A few weeks later the baht plunged, beginning the Asian crisis.

3.   The baht plunged after Thailand replaced its peg to a basket of currencies with a managed float.

4.   The baht plunged after Thailand decided to resort to devaluation after months of attacks on its currency.

5.   When that peg was removed last week, the baht plunged.

6.   After the baht plunged for two consecutive days, a hike in local oil prices seemed inevitable.

7.   The baht plunged and is now near record lows.