baht

Thailand signals baht intervention room after US puts it on currency watchlist

The central bank still retains the ability to curb excessive foreign-exchange volatility

Banks would be required to carry out enhanced due diligence and report withdrawals above a threshold likely to be set at 3 million to 5 million baht

Thailand tightens scrutiny after cash withdrawals of over US$6 million each

The move comes as the Election Commission examines allegations of vote-buying

Thailand's currency has performed strongly despite soft fundamentals – largely because of its close correlation with gold prices, says Standard Chartered.

Diminishing returns from rate cuts set to test South-east Asia’s growth in 2026

Geopolitical risks and doubts over AI-driven expansion are reducing the economic impact of monetary easing

Thai central bank has blamed gold trading for driving up the baht, which has gained 1.2 per cent against the US dollar so far this year.

Thailand to introduce gold trade cap to curb baht rise, central bank chief says

Daily gold trading through online platforms will likely be capped at 50 million baht or 100 million baht per account

The move is part of a broader push by the Bank of Thailand to restrain baht strength that it views as not aligned with economic fundamentals.

Thailand lifts cap on forex repatriation to temper baht rally

Thai individuals and businesses can now retain up to US$10 million per transaction in overseas income

Bank of Thailand governor Vitai Ratanakorn said gold trading apps in Thailand have been linked increasingly to grey capital and abnormal baht fluctuations.

Thai central bank to expand authority to scrutinise online gold trading

Bank of Thailand has blamed gold traders for driving up the baht

Authorities have ordered stricter checks on foreign-exchange transactions involving US dollar sales, particularly those linked to gold trading, to rein in inflows.

Thai baht rally at risk as central bank curbs, elections weigh

A stronger currency risks hurting the country’s key export and tourism sectors

Safety concerns and the baht’s strength are key factors impacting tourist arrivals.

Thai tourism takes hit as strong baht, war compound China fears

As at Dec 28, the country has welcomed 32.6 million foreign travellers, a more than 7% drop from the same period in 2024

On the other end of the spectrum, the baht is ceding ground on fears the central bank may push back against the rally, which threatens the nation’s exports.

Two currency bets in Asia flash warning signs as year-end nears

Moves in precious metals have also contributed to swings in the region’s currencies

The baht has gained 10.3 per cent against the dollar so far this year to become Asia’s second-best performing currency.

Thai central bank undertakes ‘heavy’ baht intervention to ease volatility, chief says  

Governor says doesn’t want baht to be too strong and hit exporters, economy