Hello, how does Soros short the Thai baht? Soros's method of shorting Thai baht:

1. First of all, druckenmiller found through a lot of research that the Thai baht is obviously overvalued, and even officials of the Bank of Thailand feel that this currency is overvalued. At that time, the Thai government's dollar reserve was about 654.38+000 billion. Soros roughly calculated the leverage ratio between his own funds and the Thai government's dollar foreign exchange reserves, and felt that the problem was not big, so after attacking the Philippine peso, he began to target Thailand.

2. After that, Soros began to buy Thai baht slowly in the foreign exchange market and sell US dollars, which led to an increase in the exchange rate of Thai baht against the US dollar. When the Thai baht reached a higher position, Soros began to violently throw out his own Thai baht, and the panic in the market also led the Thai people to start selling their Thai baht to buy dollars.