Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thailand Acts to Tackle Baht Surge Amid Trade Woes

Featured Replies

  • Popular Post

Thai-Bank.jpg

File photo for reference only

 

Thailand's central bank has committed to curbing the baht's volatility as the currency hits a four-year high. This strength is posing challenges for the nation's trade-dependent economy, particularly as it grapples with a hefty 19% US tariff on exports. The baht, bolstered by an 8% gain since the start of the year, has also become a concern for Thailand's crucial tourism sector, potentially deterring foreign visitors drawn by cheaper local costs.

 

Driving this surge is a combination of a weakened US dollar and climbing gold prices. The Bank of Thailand (BoT) has vowed to ensure a stable currency market, sticking to its promise of managing fluctuations to aid businesses.

 

BoT Assistant Governor, Pimpan Charoenkwan, stated that the bank is closely watching baht movements and is prepared to act against excessive swings. Although specific strategies were not detailed, these measures will include addressing the gold price's role in the currency's rise.

 

This action aligns with the BoT's earlier commitments to tackle currency deviations not grounded in fundamental economic factors. The baht's unique relationship with gold is underscored by the fact that Thais often trade the precious metal, leading to fluctuations as dollar proceeds convert into the local currency. This link is stronger in Thailand compared to other emerging Asian markets due to the country's prominence in gold trading.

 

Forex strategist Alan Lau noted the influence of gold, describing Thailand as a gold trading hub with a "positive relationship" between the commodity and its currency. Moreover, easing domestic political tensions have contributed to the baht's strength lately. The recent election of Anutin Charnvirakul as prime minister has drawn significant investment, with global funds pouring $131 million into Thai bonds, marking the largest influx for months.

 

Despite this, the BoT warns of continued uncertainties in financial markets. It has advised businesses to protect themselves against exchange rate risks due to potential currency fluctuations.

 

The Joint Standing Committee on Commerce, Industry, and Banking, representing the private sector, shares these worries. It has highlighted that the baht's rally is out of sync with Thailand's economic slowdown.

 

In summary, the BoT is tasked with moderating the baht's rise in the face of complex global and local economic dynamics. Its approach will involve balancing domestic economic stability with external trade pressures, alongside managing gold price impacts and addressing wider political and financial uncertainties. As the situation develops, all eyes will be on how these strategies unfold and their effectiveness in sustaining Thailand's economic resilience.

 

image.png  Adapted by ASEAN Now from Bangkok Post 2025-09-09

 

image.jpeg

 

image.png

  • Replies 43
  • Views 7k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • This closely resembles currency manipulation.

  • Perhaps a better title would be " Thailand doesn't act to curb baht rise!"

  • spidermike007
    spidermike007

    The Thai baht is far higher than it should be, much manipulation is required on the part of the authorities, and it's certainly one of the reasons why tourism is down in addition to many others. It's

Posted Images

I wondered why no one was crying like a raped ape about the dollar dipping below 32 baht.

  • Popular Post
37 minutes ago, snoop1130 said:

the BoT is tasked with moderating the baht's rise

This closely resembles currency manipulation.

  • Popular Post

The BOT holdings of gold have not changed significantly over the past year. While the $ value of the reserves has risen with the gold price, it has risen in every other country with gold reserves. The direct correlation of gold with the THB is still a mystery to me.

  • Popular Post

Wait, I thought currency manipulation is bad?

  • Popular Post
10 hours ago, GreasyFingers said:

The BOT holdings of gold have not changed significantly over the past year. While the $ value of the reserves has risen with the gold price, it has risen in every other country with gold reserves. The direct correlation of gold with the THB is still a mystery to me.

They just find something to blame on again.But closely watching they said.They lose export markeds to fex Vietnam but still come up with reasons to justify the teflon baht.My country get cheaper because our currency drop and alot more tourists is coming.And we export alot of salmon because of the low krone.Thailand is totally opposit.They get proud of the ridiculous strong thai baht.My friend was just in Vietnam and she told me its much cheaper then Thailand.She had a nice hotel with daily cleaning and paid only 8 USD a night.Food and drinks was much cheaper too.

Post breaking forum rules removed.

 

@Lee65 rule 17.News articles are collected from recognised sources and may be consolidated or rewritten with AI assistance. Respectful discussion of the article content is welcome. Disrespectful comments about the articles, the use of AI, or the news team (e.g. “clickbait,” “slow news day,” mocking grammar, or AI taunts) are not permitted. Posts breaching this rule will be removed, and posting suspension or account closure may result. If you see an error in an article, please use the report function.

  • Popular Post
12 hours ago, Purdey said:

This closely resembles currency manipulation.

Perhaps a better title would be " Thailand doesn't act to curb baht rise!"

15 hours ago, snoop1130 said:

Thailand's central bank has committed to curbing the baht's volatility as the currency hits a four-year high

Volatility,,, what volatility ?

Deleted! Got it wrong.

  • Popular Post
15 hours ago, Purdey said:

This closely resembles currency manipulation.

Isn’t that what central banks do?

  • Popular Post
7 minutes ago, Gottfrid said:

What?! I don´t get this. Where is the 8% gain? What 4-year high? The 4-year high was Oct 10, 2022.

usbaht.jpg

To my mind, putting it simply, the gain is in the fact that more dollars can be purchased with less baht.

The Thai baht is far higher than it should be, much manipulation is required on the part of the authorities, and it's certainly one of the reasons why tourism is down in addition to many others. It's also a hardship on those of us that are surviving on dollar denominated assets, which have been heavily degraded due to circus type trade wars, run by a moron. 

10 minutes ago, Gottfrid said:

What?! I don´t get this. Where is the 8% gain? What 4-year high? The 4-year high was Oct 10, 2022.

 

Oct 10, 2022 was the high for the USD, not for the THB.

2 minutes ago, poyai111 said:

To my mind, putting it simply, the gain is in the fact that more dollars can be purchased with less baht.

Yeah, can of course be. But a very strange way of expression. 

Gotta get Somchai to move it 20 satang.  That oughta solve the problem.

5 minutes ago, Puccini said:

 

Oct 10, 2022 was the high for the USD, not for the THB.

Forgive him, he can have inverted views on many subjects.

8 minutes ago, poyai111 said:

...the gain is in the fact that more dollars can be purchased with less baht.

 

That's good for importers who get invoiced in dollars, but bad for exporters who invoice in dollars.

1 hour ago, Gottfrid said:

Yeah, can of course be. But a very strange way of expression. 

 

No it is not. Getting stronger against another currency, means the Thai baht is gaining in value.

 

16 hours ago, snoop1130 said:

The baht's unique relationship with gold is underscored by the fact that Thais often trade the precious metal, leading to fluctuations as dollar proceeds convert into the local currency. This link is stronger in Thailand compared to other emerging Asian markets due to the country's prominence in gold trading.

 

Forex strategist Alan Lau noted the influence of gold, describing Thailand as a gold trading hub with a "positive relationship" between the commodity and its currency.

Funny , a while ago I pointed that out and was ridiculed here.

 

Euro holding steady against the dollar , so getting hit against the THB .

Hooray for gold finally topping the 100k euro /kg but bummer that the euro is a lot weaker against the baht.

 

So how are they going to tackle the baht surge ?

Even lower interest rates ?

Selling baht for other currencies ?

Borrowing more money for stupid projects and 10k handouts ?

 

The tariffs didn't hurt the baht.

But it was only 19 %.

Historically the Baht is not strong at all, but I guess it will soon participate in a race to the bottom. I remember when it was pegged at 25 Baht to one US dollar, for many years.

  • Popular Post

IMO the economy here in worst shape I have seen in 20yrs, and this is just another factor contributing to that. Along with successive terrible governments and ancient beaurocracy, education system etc 

These guys can't control their currency to save their lives.

  • Popular Post

We’ll get ready for an even lower dollar and higher gold price when the FED starts cutting US interest rates.

I was on the strong baht team and thought it great for Thailand until I checked the money owing on my property and I saw I owe thousands more than I did a few months ago.

Hope they sort it out now.

  • Popular Post

'Thailand Acts' normally means Thailand does nothing !

  • Popular Post

Why don't they stop this continuous, never ending drivel about exchange rates, tourist numbers, bloody discount coupons.... Why not just sell hotel rooms for 100 Baht, a pint of beer 20 Baht, a plate of food 40 Baht, problem solved and shut the F up FFS!

22 hours ago, Purdey said:

This closely resembles currency manipulation.

What else could it be?

5 hours ago, chilli42 said:

We’ll get ready for an even lower dollar and higher gold price when the FED starts cutting US interest rates.

 

I hope so, I bought in January at 42.630 baht per baht gold.

 

image.png.88ef741b131a0da50dfd6469834277ee.png

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.