Quote Originally Posted by FarangRuMak View Post
I've often been told that it's "tied to the dollar" but I have to admit I don't have a clue what that means.
Strictly speaking it means that as the US dollar fluctuates against other currencies, the baht fluctates in the same way. Since however the baht has fluctuated considerably against the US dollar over the course of the past few years, it clearly is not tied to the US dollar. But it sounds good, so ignorant people will parrot it