Loading…
Bank of Thailand deputy governor Mathee Supapongse said the baht's move on December 30 to below 30 per US dollar was out of line with economic fundamentals. He attributed it to thin holiday trading, FX flow imbalances and broad USD weakness against regional currencies.
The central bank said it will monitor the market and act as needed.
A sharply stronger baht erodes Thai export competitiveness and can weigh on Thai demand for imported feed ingredients. The central bank's intervention signals a possible pullback in baht gains, which could modestly support USD/THB.
nationthailand.comDec 31, 2019Not 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.
