Browsing Tag

baht

19 posts

BoT warns against illegal use of Thai Baht-denominated Stablecoins

It has come to the Bank of Thailand’s attention that a new stablecoin, THT, has been created abroad on the Terra Platform.

Relentless rise of Thai baht causes exporting concerns

Commerce Ministry officials fear that continued currency strength could hinder Thai exports.

A challenging Baht for the Thai economy in 2019 ?

Exporters are increasingly worried as the Thai baht continues to perform against the US dollar

Thailand and Japan sign deal to promote yen and baht in direct trade

Thailand and Japan signed a Memorandum of Cooperation between the Ministry of Finance of Japan and the Bank of Thailand on the Cooperation to Promote the Use of Local Currencies

Stronger baht hits a 31-month high

The baht has risen 9.9% this year to 32.50 baht per US dollar, hitting a 31-month high

Japan aims to boost yen-to-baht exchanges with direct currency trading

Some 48% of bilateral trade between Japan and Thailand is settled in the yen or baht, compared with 51% in the U.S. dollar.

Thai baht hits new record high in two years

The Thai baht is one of the best-performing currencies in the region this year, rising about 5% against the dollar.

How Strengthening Thai Assets Could Affect the Forex Market

Ever since Donald Trump was elected as the newest President of the USA, many Asian currencies have experienced a boost, including the Thai baht