BANGKOK – Thailand is set to introduce sweeping measures to limit speculative gold trading and tighten financial oversight, aiming to shield the baht from volatility and crack down on illicit financial flows. The move comes as authorities link a record-breaking rally in gold prices to pressure on the local currency and growing concerns over money […]
The Thai baht strengthened significantly this week, trading between 31.00 to 31.85 against the US dollar, as global markets reacted to geopolitical tensions following a US military incursion into Venezuela. The move triggered a surge in gold prices and spurred capital inflows into Thailand’s financial markets, the Bangkok Post reported. Thailand Tightens Reporting on Non-Resident […]
BANGKOK – Thailand is implementing stricter monitoring of capital inflows from non-residents as part of a broader effort by the central bank to manage the rapid appreciation of the baht. Starting Monday, Thai banks will be required to report any non-resident capital inflows exceeding $200,000, including the purpose and supporting documentation. Thai Baht Hits Four-Year […]
BANGKOK — The Bank of Thailand (BOT) reduced its benchmark interest rate by a quarter of a percentage point on Wednesday, moving to a more accommodative monetary stance in response to a slowing economy and heightened external risks. The unanimous decision by the Monetary Policy Committee (MPC) lowers the policy rate from 1.50% to 1.25%, […]
BANGKOK – The Thai baht has surged to its strongest level against the US dollar in over four years, escalating pressure on the Bank of Thailand ahead of its critical monetary policy meeting this week. The currency rose to 31.523 per dollar, marking its highest valuation since June 2021. Thai Baht Faces Further Depreciation Amid […]
The Thai baht is projected to weaken further this week, potentially sliding to 33.80 against the US dollar, as the greenback gains strength following a temporary easing in the US-China tariff dispute. However, analysts warn that the currency is likely to remain volatile in the near term. Thai baht hits 19-month high against USD today […]
The Bank of Thailand (BoT) is closely monitoring the strengthening of the baht, particularly as it continues to rise against the U.S. dollar. This appreciation has been largely influenced by multiple factors, including Thailand’s strong economic performance, a robust tourism rebound, and external market conditions such as changes in U.S. Federal Reserve policies, foreign capital […]
The Thai baht hit a 19-month high of 32.93 baht against the US dollar (USD) and is expected to fluctuate between 32.80 baht and 33.00 baht/USD today, according to Poon Panichpibool, a capital market strategist at Krungthai Global Markets. Thai Baht Strengthens to 4.5-Month High Against USD He said that there is momentum for the […]
