Jag vet att den följer Dollarn men vet inte om den är knuten till USA dollarn nån som vet?
Så här hänger det ihop...
The Thai baht was officially pegged to the US dollar until a devaluation in November 1984, at which time it was announced that its value
would be determined on the basis of a weighted basket of the currencies of Thailand's major trading partners.
The same formula has been repeated ever since in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions.
It is therefore somewhat surprising that, despite the gyrations in the value of the dollar, the baht has never varied
more than about 5 percent from a rate of 26 bahts to the dollar.
The explanation seems to be that the unpublished basket to which Thailand ties the baht has a dollar weight of about 88 percent.
This results in dollar volatility being fairly low, while volatility in both the effective rates is also relatively low.
This review suggests that the current exchange rate practices of East Asian currencies are quite varied.
At one extreme, those of China have, at least until recently, still been erratic.
At the other extreme, Hong Kong has an almost perfectly fixed exchange rate against the dollar.
Several other East Asian countries are also heavily dollar-focused: Indonesia (even though the rupiah depreciates continuously),
Thailand, and Korea, and perhaps (now) China.
Singapore also has a fairly stable rate against the dollar, but it is also relatively stable in effective terms,
suggesting that the basket has a significant influence.
The Philippines seems to float, while the remaining two countries, Malaysia and Taiwan,
have intermediate statistics, suggesting heavily managed floats.
