Thai baht firms to 5-month high Bank of Thailand likely to keep rates unchanged at record low. The Thai baht firmed along with other Asian currencies on Wednesday, as investors expect the central bank to keep its policy rate unchanged while the dollar weakened following stronger US and European economic data. US business activity contracted…
Thailand raises threshold to 1 million US dollars for repatriation In a bid to lessen pressure on the Thai baht, the Bank of Thailand has increased to $1M the limit for foreign funds that do not need to be repatriated The Bank of Thailand has relaxed foreign exchange regulations by increasing the threshold for proceeds…
Thailand’s loss of trade privileges with US is credit negative The development is credit negative because Thailand’s export-oriented economy is in a difficult external environment given that a broad-based export slowdown and strong Thai baht are weakening the competitiveness of goods exporters and the country’s tourism industry. Thailand’s loss of trade privileges with US is…
Large Thai business feeling the effects of US-China trade war, rise of the baht So what do Thailand’s big banks say? The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand. Wasin Saiyawan, senior executive vice president and chief of wholesale…
What goes up must come down – the battle of the baht Newton’s law looms over the Thai baht. Meanwhile, the Thai baht continues to be the best performing currency in Asia. The Thai currency is riding a 6-year high against the USD and, this year, has surged 8% against the US currency. But the strong…
Thai Baht currency control mulled by central bank The Industry Minister proposed measures to help business owners, such as the promotion of Thai Baht as a currency for international trade to reduce the risks from US Dollar currency fluctuation BANGKOK, 15th August 2019 (NNT) – The Minister of Industry has held talks with the Bank…
British and Australian expats and tourists ponder the Thai baht The British pound continues to sag against the strong Thai Baht. And things are predicted to worsen for British tourists and local expats relying on funds out of the UK, as analysts predict the GBP to drop further as the date approaches for a ‘no…
Thai Baht hits six year high – 31.05 to the US dollar The Thai baht has hit a six-year high, reaching 31.05 to the US dollar yesterday after the US Federal Reserve signalled possible interest rates cuts. The US Fed says their monetary easing would be in response to increased economic uncertainty and a drop in…