date:Oct 31, 2019
nd. As such, the appreciation of the baht could have an impact on Myanmar traders and consumers by making imports more expensive.
The higher exchange rate would also come at a time when the kyat has been largely stable at an average of K1522 per dollar this year. But analysts say if the trade deficit widens as a result of more expensive imports, the local currency could further depreciate.
We still expect the Myanmar kyat to remain under pressure from a persistent current account deficit which