BoT prepares more baht measures

The Bank of Thailand stands ready to implement additional measures to manage the strengthening baht under a targeted policy, on both a short-term and long-term basis.The central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects ...

Somruedi Banchongduang

Govt asks central bank to manage soaring baht to aid exports

The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...

Baht strengthens slightly

The baht opened at 31.41 to the US dollar this morning (July 30), strengthening from yesterday’s close of 31.44.The Thai currency is expected to move between 31.35 and 31.55, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities.Yesterday night (Thailand time), the US stock ...

The Nation Reporter

Baht seen strengthening next week but US economic data holds key

The baht will trade next week (June 8 to 12) at around Bt31.30 to Bt31.70 to the US dollar, and important factors worth monitoring are the Fed meeting and dot plots, and estimation of US economic numbers, according to Kasikornbank.Important economic numbers, such as consumer ...

The Nation Reporter

BOT worried as baht continues upward streak, vows ‘extra measures’

The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term inflows just as the currency rose again today (June 1).Deputy governor Mathee Supapongse said today that the baht has ...

The Nation Reporter

Baht will continue to remain strong throughout 2020

The Thai baht will continue to maintain its strength for the rest of 2020. It will remain strong, propelled by the increased surpluses in the Thai current account and the country’s trade balance.Kobsidthi Silpachai, KBank’s head of capital markets research, predicts that the Thai baht ...

All eyes on BOT data as baht hits highest level in six years

The baht appreciated to Bt30.15 against the US dollar last week, its highest level in six years on Friday, Kasikornbank said.Kasikornbank has forecast that the baht could move in a range of Bt30-30.30 to the dollar this week (December 30 to January 3). Investors sold ...

Baht to remain strong into 2020: Kasikorn Research Centre

The Kasikorn Research Centre believes that the Thai Baht is going to remain strong into 2020.KBank’s research arm forecasts the baht to move in a range of 30.10-30.50 Thai baht to the US$ for the next few quarters. But they warn a key domestic factor ...

Household Debt in Thailand has Risen to a Record High

As the Thai Baht soars and the economy lags household debt in Thailand has risen to a record high of 340,000 baht per household. According to a poll on household debt, conducted by University of the Thai Chamber of Commerce.Thanawat Polvichai,  a director at UTCC ...

Southeast Asia's strongest currency baht fights own success

Thailand is trying to coax the baht down from six-year high territory as the currency’s strength threatens local manufacturing and tourism.The central bank has cut interest rates and eased capital controls to rein in emerging Asia’s best-performing currency this year.Keep reading ...

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