# Baht’s rise due to continuous current account surplus: BOT

> The Bank of Thailand intervened in currency markets to curb baht appreciation, buying about 80 billion dollars over five years. Deputy Governor Mathee Supapongse said the baht's strength in late 2019 reflected a structural current account surplus rather than speculation, and vowed further action if needed.

- Date: 2020-01-14 · published 2020-01-14T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55355-baht-s-rise-due-to-continuous-current-account-surplus-bot
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Central bank intervention to weaken the baht is a macro policy signal; it has little direct effect on feed commodity supply or demand.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30380539

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