The Thai Baht has reached its weakest point in seven months amid uncertainly surrounding country's quasi-democratic elections in the heavily military and monarchy controlled country.
The currency fell to 35.70 against the U.S. dollar on June 28. It had maintained a range of around 34.50 to 34.90 against the US dollar for five consecutive weeks, but after falling to 35 it is expected to continue weakening.
Investor trust has been affected by the bizarre political situation, with election winner Pita Limjaroenrat being blocked from becoming Prime Minister amid fears from the ruling elite he could modernise the country.
The U.S. Federal Reserve motions to raise interest rates to address inflation concerns have also impacted the Baht.
Meanwhile, the Chinese Yuan experienced its weakest point in eight months as the brutal Communist dictatorship's economic recovery fell short of expectations, leading to a depreciation of the currency.
