Hi, was just wondering if anyone had an opinion on USD:THB?
It was around 36 at the end of last year but now it fell quite a bit to 35.20.
Any ideas of where this pair is headed?
Hi
In my opinion, this currency would only move in case of news from thb, as it is an exotic currency. Otherwise the liquidity traded on it is really small and no important movements expected.
I can see the chart for USD/THB in my Sharescope package but my spreadbetting company doesn’t even offer it to trade. Even if it did, this is such a tiny market that the costs for a private trader would probably be too high, as I have found with other pairs such as USD/ TRY, MXN, SGD etc. Even on the minimum stake, a stop-loss at a distance of ATR from entry for a long-term bet could typically mean a risk of over a thousand pounds.