# Asean haven status gives baht headache to Thai central bank - The Business Times

> Foreign inflows of about US$2.1 billion into Thai debt this year have strengthened the baht, the region's best-performing emerging currency in 2017. Bank of Thailand Governor Veerathai Santiprabhob said the baht's strength is hurting export-driven growth.

- Date: 2017-03-05 · published 2017-03-05T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/72260-asean-haven-status-gives-baht-headache-to-thai-central-bank-the-business-times
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A strong baht erodes Thai export competitiveness and could prompt central bank intervention, which would weaken the baht and lower local feed import costs in dollar terms.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean-haven-status-gives-baht-headache-thai-central-bank

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