BANGKOK — Thailand's central bank has been in the foreign exchange market to reduce currency volatility, the central bank said on Saturday (Oct 1), as the Thai baht currency hovered at 16-year lows against the dollar. The baht has fallen 11.7 per cent against the dollar this year, which the central bank said had been driven by dollar strength. However,...
A man holds up newly unveiled twenty baht polymer banknotes at Bank of Thailand headquarters in Bangkok, Thailand, on Jan 20, 2022.BANGKOK — Thailand's central bank has been in the foreign exchange market to reduce currency volatility, the central bank said on Saturday , as the Thai baht currency hovered at 16-year lows against the dollar.
However, the weighted baht index against other currencies has been stable, while the country's external position and banking system remained strong, Deputy Bank of Thailand Governor Mathee Supapongse told reporters. A fall in Thailand's international reserves was not because of currency intervention but rather asset valuations, he said.Foreign investors have bought 150 billion baht of Thai shares so far this year but sold 33 billion baht of bonds.