Kittiratt: Expect Asian currency gains
- Published: 26 Jan 2013 at 13.45
- Online news:
DAVOS, SWITZERLAND - Finance Minister Kittiratt Na-Ranong says Asian nations including the baht should prepare for their currencies to appreciate.
"We have to prepare for the baht and other currencies to be stronger against the dollar," he said in an interview on Friday at the World Economic Forum's annual meeting in Davos.
The baht has appreciated by about 1.1% against the US dollar since the start of this year, though it eased back to 29.90 on Friday. It gained 3.1% in 2012 and 5% in 2011.
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