1. He said the baht would be steady or strengthen next week. 2. If the baht were to fall, then they would be in trouble, since the dollars needed to repay loans would cost a lot more baht. 3. Not until June, when the Thai baht had been under strong pressure for a month, did Dell begin to hedge against a decline in the currency. 4. The difference in the price at which the baht is trading at now and the price in three months represents the profit on the trade. 5. The move came after repeated government assurances that the baht would not be devalued. 6. The Thai baht was unchanged. 7. The Thai baht was unchanged against the U.S. dollar as the dollar held steady against the yen and mark, traders said. 8. Peacock said that the unstable baht is also another major problem, although at the moment it has not affected Chrysler much. 9. Already then the baht had been subject to devaluation rumours due primarily to concern over the sustainability of the current account deficit and signs of economic weakness. 10. After the yen, the baht is the second most closely watched Asian currency on the peso market. |