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The Bank of Thailand plans to relax foreign exchange rules, raising the limit for individual offshore investment to US$10 million from $5 million and the cross-border transfer limit to $200,000 from $50,000. The measures are scheduled for the third quarter and aim to stabilise the baht and expand yuan-baht settlement.
The policy changes affect capital flows and currency settlement rather than physical feed supply. They may modestly ease baht volatility that feeds into import costs for Thai buyers.
bangkokpost.comSomruedi BanchongduangJun 27, 2023Not 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.
