The Bank of Thailand expects baht fluctuations to continue, but in a limited range, due to the Federal Reserve's interest rate hikes, trade barriers, and the European Central Bank's plan to stop bond purchases.
BoT governor Veerathai Santiprabhob said Tuesday that other factors to a volatile baht included midterm elections in the United States which could have impacts on US trade barriers and thus worldwide financial and equity markets.
The private sector must manage currency risks, he said.
"In the past few days, regional currencies fluctuated wildly, especially the yuan, the currency of a targeted country in the trade war," the BoT governor said.
However, impacts on the baht would be limited because Thailand depended less on foreign currencies, had huge foreign-exchange reserves and continuously posted current account surpluses, Mr Veerathai said.