Market Update 25/03
Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD…
In USD terms Thailand is -8%, well done.
Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer.
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/03/00sum-4.png?resize=722%2C784&ssl=1)
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/03/01charts-4.png?resize=750%2C1471&ssl=1)
Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD…
In USD terms Thailand is -8%, well done.
Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer.