Calls grow louder for action on baht
29.50 exchange rate possible by October
- Published: 15/09/2010 at 07:28 PM
- Online news: Economics
Business leaders have stepped up their calls for the government to make a greater effort to curb the impact of the strengthening baht, according to Payungsak Chartsutthipol, chairman of the Federation of Thai Industries (FTI).
The baht was trading yesterday at a 13-year high of 30.82/85 to the US dollar, compared with 33.15 baht in January.
The 7.6 per cent increase is the highest in the region behind the Malaysian ringgit.
A customer exchanges money next to a board showing exchange rates in Bangkok on Friday. A US dollar bill now fetches less than 30 baht for the first time since 1997.
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About the author
- Writer: NANCHANOK WONGSAMUTH and PARISTA YUTHAMANOP
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