Tag: baht

Thailand's finance minister expressed concerns over the strong baht affecting the export-driven economy, urging measures to manage its strength and volatility amid challenging economic conditions and upcoming elections.

The Bank of Thailand (BOT) has announced its intention to implement measures to stabilize the Thai Baht, which has recently reached a four-year high

The strengthening of the baht is primarily linked to a sharp increase in global gold prices and the weakening U.S. dollar. 

U.S. inflation data drove a sharp increase in long-term yields, with the 10-year benchmark climbing approximately 10 basis points to reach a high of 4.65% yesterday.

According to the official, the baht’s appreciation against the dollar has various implications for local businesses. For example, a stronger baht can reduce exporters’ revenues due to currency conversion, especially for those using domestic exchange hedges.