Currency

STARTING DATE: 15 May 2019

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TOTAL UPDATE: 213 STORIES

Issues related to currency and money exchange.

Currency
LATEST
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.

16 Mar 2020 6
Bank of Thailand: Beware baht volatility
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.

22 Jan 2020 72
Baht to rise
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.

16 Jan 2020 48
Bank of Thailand lands in hot water
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.

15 Jan 2020 10
Dodging the list
14 Jan 2020

Phew

Thailand not included on latest watch list of “currency manipulators” issued by US Treasury.

14 Jan 2020 10
Phew
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 8
Thailand won’t disrupt markets to curb baht: Uttama
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.

13 Jan 2020 7
Uttama shoots down sovereign wealth fund
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.

8 Jan 2020 28
Dirty tricks?
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.

6 Jan 2020 44
Bring the baht down to earth
4 Jan 2020

Baht options

Policymakers still have monetary and fiscal policy space to rein in the stronger baht, but it will be used when appropriate.

4 Jan 2020 20
Baht options