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The Bank of Thailand relaxed forex rules by raising the threshold for export proceeds that need not be repatriated from $200,000 to $1 million, effective March 2. The move aims to curb baht strength as most Asian currencies weaken on the coronavirus outbreak.
Easing repatriation rules weakens baht demand pressure, which tends to support the baht's dollar cost of feed imports for Thai buyers.
centralbanking.comAlice ShenMar 6, 2020Not 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.
