USD/THB in 2015
USD/THB opened 2015 at 32.94 and closed at 36.08, a +9.53% move for the year. The high of 36.48 was reached on October 1, and the low of 32.32 on April 17.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 32.94 | 32.74 | 32.95 | 32.51 | -0.61% |
| Feb | 32.57 | 32.34 | 32.66 | 32.34 | -0.71% |
| Mar | 32.34 | 32.55 | 32.94 | 32.34 | +0.65% |
| Apr | 32.47 | 33.03 | 33.03 | 32.32 | +1.72% |
| May | 33.2 | 33.65 | 33.78 | 33.2 | +1.36% |
| Jun | 33.69 | 33.79 | 33.86 | 33.59 | +0.30% |
| Jul | 33.81 | 34.94 | 35.18 | 33.79 | +3.34% |
| Aug | 35 | 35.81 | 35.83 | 35 | +2.31% |
| Sep | 35.74 | 36.37 | 36.39 | 35.54 | +1.76% |
| Oct | 36.48 | 35.62 | 36.48 | 35.14 | -2.36% |
| Nov | 35.62 | 35.75 | 35.99 | 35.52 | +0.36% |
| Dec | 35.75 | 36.08 | 36.17 | 35.75 | +0.92% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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