Currency
Issues related to currency and money exchange.
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29 Jul 2021
Baht view more bearish
We forecast the baht to trade weaker over the near term given continued headwinds to the economy from Covid-19. The spread of the Delta variant has resulted in Thailand battling its worst outbreak since the pandemic began, with new cases averaging above 14,000 daily and deaths above 100.
26 Mar 2021
Baht poised to decline on dividend repatriation
Kasikornbank (KBank) expects the baht to briefly dip to 31 against the US dollar in April because of dividend repatriation by foreign investors.
16 Dec 2020
Thailand 'watched'
The US Treasury labeled Switzerland and Vietnam as currency manipulators and put Thailand among countries on its "monitoring list".
10 Dec 2020
Baht set to rise
The baht's appreciation is poised to continue until year-end 2021 as a result of the weaker US dollar and Thailand's current account surplus.
30 Nov 2020
Jury out on BoT measures
The strengthening of the value of the baht is putting the Bank of Thailand in the hot seat again as an influx of offshore fund flows move into emerging market economies.
27 Nov 2020
Tougher measures needed
Thailand must check the runaway gain in its currency as it makes it harder for exporters to compete in the global market, according to the Federation of Thai Industries.
20 Nov 2020
Baht cools
The baht is heading for the first weekly drop in a month after the central bank pledged new measures to temper a rally that threatened to derail a nascent recovery in the trade-reliant nation’s exports.
18 Nov 2020
FTI wrings hands over baht appreciation
The Federation of Thai Industries (FTI) has expressed serious concerns about the baht's appreciation and its impact on the export sector, which covers farm produce, food and consumer products.
18 Sep 2020
Japan, Malaysia seal $3 billion currency swap deal
TOKYO: Japan and Malaysia sealed on Friday a mutual currency swap arrangement to allow each side to provide the other up to US$3 billion to prevent a financial crisis, the Japanese Finance Ministry said.
2 Sep 2020
Currency hit
The baht experienced a sudden depreciation against the US dollar on Tuesday after Finance Minister Predee Daochai submitted his resignation less than a month into his tenure.
