Soros hoarded a large amount of Thai baht (mainly borrowed from Thai banks and other financial institutions through various means, including pledged loans and derivatives), such as 1 trillion, and then suddenly sold it in large quantities (converted into US dollars), resulting in the Thai baht price (exchange rate) falling, and other international investors will also follow suit (falling every day, throwing away fewer loss points), resulting in the Thai baht price falling further. In order to stabilize the exchange rate, the Thai government must buy the Thai baht thrown by Soros, and buying Thai baht requires foreign exchange reserves (mainly US dollars). When the Thai government's foreign exchange reserves are insufficient to take over the Thai baht thrown by international speculators, the Thai baht will plummet (1 24 to 1 40 or so). At this point, Soros and others can exchange a small amount of dollars for the 1 trillion baht they owe.
Soros not only made a profit in the process of selling (the price of Thai baht gradually depreciated, and the selling price was high and low, with 39 selling, and the lowest 30 selling was also 40 selling. . ), and after the devaluation of the Thai baht, they can buy Thai assets at a very low dollar price. This attack on the Thai baht basically plundered the economic development achievements of Thailand in previous years.
I hope it helps.