However, the transaction time in Thailand had already passed, so they had to settle for smaller, larger commercial banks that had operations in Thailand.

At this moment, Chen Dong sat on the sofa with an uncertain expression. Although he had instructed Wangcai and the others to start selling Thai baht, the short notice and the announcement of the resignation of the Thai Finance Minister had caught him off guard.

If this calculation is followed, the Malaysian Ringgit, the South Korean Won, and the Singapore Dollar will also be impacted to varying degrees.

Just then.

Wangcai walked over and said, "Boss, that's about it."

"Currently, the spot market has been driven down to 26 baht to 1 US dollar by our funds, and we can't find any counterparties in the market. I'm afraid we can only wait until tomorrow to continue selling."

At this point, Wangcai frowned.

Logically speaking, even if the Thai baht is not a major foreign exchange currency, the transaction volume between commercial banks should not be so small.

When the Thai baht fell to 26 baht to 1 US dollar, the total transaction volume was only 65.6 billion baht, which was less than a fraction of the total position.

This is also what Wangcai doesn't understand.

However, what he didn't know was that the sudden resignation of the Thai Finance Minister had scared off the entire market, creating a climate of fear and uncertainty.

After the initial purchase, when the spot market reached the Thai baht's lowest threshold, the commercial bank's trading department became unusually cautious.

If Thai baht bought at the current price cannot be sold at a slightly higher price tomorrow, it can only be sold to a Thai bank (BOT). However, in this case, they will not be able to profit from the exchange rate difference.

......