Currency
Issues related to currency and money exchange.
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20 May 2020
Top outperformer
After lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers.
16 Mar 2020
Bank of Thailand: Beware baht volatility
Ahead of the March 25 Monetary Policy Committee meeting, the central bank governor discusses the need to “act early” with previous monetary policy easing and warns the foreign exchange rate will continue to be highly volatile against the backdrop of the Covid-19 outbreak.
22 Jan 2020
Baht to rise
The baht's strength is expected to continue throughout this year, buoyed by Thailand's increased surpluses in current account and trade balance.
16 Jan 2020
Bank of Thailand lands in hot water
It caught almost everyone by surprise when the baht strengthened past the psychological level of 30 baht per US dollar during the New Year holidays.
15 Jan 2020
Dodging the list
Thailand again managed to avoid placement on the US watch list for currency manipulation, while the central bank affirmed that steps have been taken to curb the baht's gain.
14 Jan 2020
13 Jan 2020
Thailand won’t disrupt markets to curb baht: Uttama
Any measures authorities take to curb gains in the currency will not disrupt the “market mechanism” of the baht, Finance Minister Uttama Savanayana said on Monday.
13 Jan 2020
Uttama shoots down sovereign wealth fund
Finance Minister Uttama Savanayana on Monday ruled out the private sector's request that policymakers set up a sovereign wealth fund as a means to curb the baht's strength.
8 Jan 2020
Dirty tricks?
Trade surplus with US passes $20 billion, risking inclusion on US watchlist of currency manipulators; Bank of Thailand chief says soaring baht shows hands are off.
6 Jan 2020
Bring the baht down to earth
A day before the end of last year, the baht touched a fresh six-year high as it fell below the 30-mark to 29.9 to the US dollar.
