
The Bank of Thailand attributes the baht's appreciation mainly to a weaker dollar, clearer domestic politics and local gold trade. Foreign investors posted a net stock outflow of about $100 million during Sept 1-17, but a net bond inflow of $534 million.
Speculation about unidentified capital inflows through net errors and omissions has been ruled out.
Foreign bond inflows and a weaker dollar are supporting the baht, which raises import costs in dollar terms for Thailand. The central bank's explanation reduces concern about hidden capital flows, so the outlook for the currency is unchanged.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.