# Bangkok Post - Central bank intervenes in baht's exchange rate

> The Bank of Thailand acknowledged intervening in the baht's exchange rate to manage its strength against the dollar. Gross international reserves rose to $235.6 billion in August, partly reflecting that intervention and dollar weakness.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/28594-bangkok-post-central-bank-intervenes-in-baht-s-exchange-rate
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Central bank intervention to slow baht appreciation signals policy support for Thai exporters, with limited direct effect on feed commodity prices.

## Read by commodity

- USDTHB: neutral

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2875118/central-bank-intervenes-in-bahts-exchange-rate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.