Baht at 10 year high, Dollar at 26 year low.

Two years ago, that 4 million Baht studio or one bedroom condo in Bangkok would cost you $96,367 Now, that same condo will cost you $129,209 and that’s not the appreciation of real estate. Thats just the exchange rate. From WSJ:

The dollar hit a 10-year low Thursday when it struck 34.03 baht from the Wednesday close of 34.19 baht in Thai trading. The onshore foreign-exchange market is insulated from speculative pressures by controls on many types of capital inflows.

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