THB=X - USD/THB

CCY - CCY Delayed Price. Currency in THB
30.8200
0.0000 (0.0000%)
At close: 10:25PM BST
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Previous Close30.82
OpenN/A
Bid30.82
Day's Range30.82 - 30.82
52 Week Range30.4990 - 33.4900
Ask30.85
  • Thailand Shies Away From Rate Cut in Tussle With Mighty Baht
    Bloomberg4 days ago

    Thailand Shies Away From Rate Cut in Tussle With Mighty Baht

    (Bloomberg) -- The Bank of Thailand reiterated its concern about the baht’s persistent strength on Wednesday, but said cutting the key interest rate may have only a limited impact in dealing with the currency’s ascent and instead flagged a preference for using a range of tools.The bank plans to ease rules on money outflows by giving more flexibility for portfolio investment by Thai investors, Deputy Governor Mathee Supapongse said at a briefing in Bangkok. Reducing the bond supply is also among the tools officials are ready to use, according to Governor Veerathai Santiprabhob.“Interest rates alone can’t fix all problems,” Veerathai said. “Every policy comes with costs. No policy is free, so we have to consider them carefully and look at whether they suit the situation at that time.”The central bank last week took steps to curb short-term inflows and restrict the currency’s surge, concerned that a stronger baht will further damage an export-reliant economy that’s already been hit by weaker global demand and trade tensions. The BOT last month lowered its growth projection for 2019 to 3.3% from 3.8% and forecast zero expansion in exports.“We have avoided using broad-based measures and try to use measures that directly address problems,” Veerathai said when asked about the possibility of imposing capital controls. Still, he reiterated that the central bank is ready to adjust the key rate if economic conditions fail to meet expectations.The baht has gained 7.6% against the dollar in the past 12 months, making it among the best performers in emerging markets tracked by Bloomberg.Cutting the key rate may have limited impact as Thailand’s real rate is low versus regional countries, Veerathai said. The bank is closely tracking the currency, which has been boosted by a high current account surplus, he said.Veerathai had said July 8 the BOT was ready to adjust rates to respond to risks, raising the prospect of a possible cut in coming months following December’s hike. Regional central banks from India to Australia have eased policy this year to bolster their economies amid a worsening global slowdown.The briefing came amid a transition, with the military-led administration that’s been in power for five years giving way to a civilian government, albeit one still headed by the Prime Minister Prayuth Chan-Ocha, a former general who led a coup. The new team will present policy priorities next week.The BOT “is waiting to see the new government’s economic stimulus packages and see how much that can prop up the economy first,” said Kampon Adireksombat, head of economic and financial market research at Siam Commercial Bank Pcl. Cutting rates will probably be the last option, he said.(Updates to add economist’s comment in final paragraph.)\--With assistance from Yumi Teso and Lee Miller.To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Jake Lloyd-SmithFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters9 days ago

    EM ASIA FX-Most Asia currencies subdued before China data, Thai baht falters

    * Thai baht set for worst week since early March * All eyes on China June trade data, widely seen to fall * Dismal Singapore Q2 growth stokes recession fears (Adds text, updates prices) By Devika Syamnath July 12 (Reuters) - Most Asian currencies weakened on Friday as renewed doubts about the chances of a Sino-U.S. trade deal dampened appetite for riskier assets. Investors were also anxiously waiting on trade data for June from China later in the day, which is expected to show weak exports in yet another sign of the broadening economic impact of the trade war. The Thai baht weakened sharply after its central bank clamped down on speculative foreign inflows to temper rapid gains in Asia's best performing currency this year.

  • Thai rice exports hit by strong baht, unlikely to meet 2019 goal
    Reuters11 days ago

    Thai rice exports hit by strong baht, unlikely to meet 2019 goal

    Thailand's rice exports fell by 12% in the first half of 2019 hurt by a strong baht, and will likely fall short of this year's target of 9.5 million tonnes, an exporter group said on Wednesday. The country has been struggling to export rice at a time when the Thai baht is Asia's best performing currency and is trading near its strongest in more than six years at 30.81 against the U.S. dollar. Thailand, the world's second-largest rice exporter after India, shipped 4.2 million tonnes of rice between January and June, with orders in the last two months declining to as low as 600,000 tonnes per month.

  • Most Asian currencies edge up, baht is best quarterly performer
    Reuters23 days ago

    Most Asian currencies edge up, baht is best quarterly performer

    The majority of regional units were set for meagre gains in the second quarter, which has seen sharp changes in appetites, hinged on developments in the Sino-U.S. trade war and broad moves toward monetary policy easing. There's intense interest in Saturday's meeting between U.S. President Donald Trump and Chinese President Xi Jinping for indications on whether the global economic outlook will brighten or darken. Vishnu Varathan, senior economist at Mizuho Bank, has hopes of some upside for Asian currencies after the Osaka summit.

  • Reuters23 days ago

    EM ASIA FX-Most Asian currencies edge up, baht is best quarterly performer

    * Thai baht on track to strengthen 3% in 2nd quarter * Yuan set to be worst quarterly performer, sheds over 2% (Adds text, updates prices) By Ambar Warrick June 28 (Reuters) - Most emerging Asian currencies inched up on Friday on hopes the meeting of the presidents of China and the United States will increase risk appetites, but many traders remained cautious. There's intense interest in Saturday's meeting between U.S. President Donald Trump and Chinese President Xi Jinping for indications on whether the global economic outlook will brighten or darken. Vishnu Varathan, senior economist at Mizuho Bank, has hopes of some upside for Asian currencies after the Osaka summit.

  • Reuters27 days ago

    EM ASIA FX-Most currencies rise on U.S-China optimism; Thai baht at 6-year peak

    * S. Korean won at strongest in nearly 2 months * Philippine peso snaps four straight gaining sessions (Adds text, updates prices) By Ambar Warrick June 24 (Reuters) - Asian currencies firmed on Monday as markets bet that U.S. and Chinese leaders will make some progress on trade issues at a meeting later in the week, while the prospect of the U.S. Federal Reserve cutting rates in July saw continued regional inflows. Although a trade deal appears unlikely when Donald Trump and Xi Jingping meet on the sidelines of the G20 summit in Osaka, investors are hoping the meeting may lead to a postponement of any further U.S. tariffs and open the door for negotiations to resume after talks broke down in May. "We think market anticipation of a reboot in trade talks should give a palpable lift to the RMB (yuan) and Asian currencies this week, in light of the previously dire mood over the global trade slowdown and worsening U.S.-China trade relations," Chang Wei Liang, forex strategist at Mizuho Bank said in a note.

  • Reuterslast month

    EM ASIA FX-Thai baht, Indian rupee firm; most trade sideways

    * Thai baht leads intraday gains * Rupee stronger ahead of India's inflation data (Adds text, updates prices) By Ambar Warrick June 12 (Reuters) - Asian currencies traded narrowly on Wednesday, with the Thai baht and Indian rupee firming as investors looked to data that could raise prospects of an early cut in U.S. interest rates. Sino-U.S. trade tensions, meanwhile, kept markets cautious as U.S. President Donald Trump hardened his stance on trade talks with China. Trump said on Tuesday he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points", be he did not specify.

  • Reuters2 months ago

    EM ASIA FX-Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

    * Thai baht hits near 2-week low * Chinese yuan, Philippine peso, Korean won appreciate * Singapore dollar capped as Q1 growth slips (Adds text, updates prices) By Aby Jose Koilparambil May 21 (Reuters) - The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic data, underperforming most of its counterparts which were relieved by Washington's decision to ease some of its restrictions on Chinese telecoms giant Huawei. The baht weakened as much as 0.5% to 31.890 against the U.S. dollar, though it remains the best regional performer this year, gaining more than 2%. Currency markets in Asia took some comfort after Washington temporarily eased restrictions imposed last week on Huawei, a move aimed at minimizing disruption for its customers.

  • Reuters2 months ago

    EM ASIA FX-Most Asian currencies firm on hopes for China-U.S. talks, baht leads gains

    * Thai baht is the region's biggest gainer * Yuan extends declines for a fourth session * Malaysia market awaits c.bank rate decision (Adds text, updates prices) By Shriya Ramakrishnan May 7 (Reuters) ...

  • Reuters2 months ago

    EM ASIA FX-Thai baht strengthens, Chinese yuan weakens

    May 7 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0133 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.650 110.76 +0.10 ...

  • Reuters3 months ago

    EM ASIA FX-S. Korean won, Thai baht strengthen

    April 29 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0147 GMT. CURRENCIES VS U.S. DOLLAR Japan yen 111.630 111.58 -0.04 Sing dlr 1.362 1.3617 -0.01 Taiwan dlr ...

  • Reuters3 months ago

    EM ASIA FX-S.Korean won, Thai baht firm the most

    April 26 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0150 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 111.670 111.62 -0.04 ...

  • Reuters3 months ago

    EM ASIA FX-Thai baht, Indonesian rupiah lead declines

    April 24 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0137 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest Previous Pct bid day Move Japan yen 111.930 111.86 -0.06 ...

  • Reuters3 months ago

    EM ASIA FX-Most Asian units subdued; Thai baht edges lower

    April 23 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0135 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 111.720 111.93 +0.19 ...

  • Reuters3 months ago

    EM ASIA FX-Philippine peso, Thai baht lead losses

    April 12 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0132 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 111.720 111.65 -0.06 ...

  • Reuters4 months ago

    Thai c.bank says has enough tools to handle volatility in baht

    CHIANG RAI, Thailand, April 5 (Reuters) - Thailand's central bank has sufficient tools to handle an expected increase in volatility in the baht, stemming from factors such as global trade tensions and ...

  • Reuters4 months ago

    EM ASIA FX-Thai baht weakens most; yuan gains

    March 29 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0150 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.790 110.62 -0.15 ...

  • Reuters4 months ago

    EM ASIA FX-Asia FX weighed by global growth worries; baht gains ahead of poll results

    * Thai baht strengthens to 1-month high against dlr * U.S. recession risks to soon to judge (Adds text, updates prices) By Nikhil Nainan March 25 (Reuters) - Worries over the health of the global economy ...

  • Reuters4 months ago

    EM ASIA FX-Thai baht gains; South Korean won, Indonesia's rupiah down most

    March 25 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0146 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 109.820 109.91 +0.08 ...

  • Reuters4 months ago

    EM ASIA FX-S. Korean won, Thai baht lead losses

    March 22 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0140 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest Previous Pct bid day Move Japan yen 110.690 110.8 +0.10 ...

  • Reuters4 months ago

    EM ASIA FX-Asian currencies soften after China data, baht leads losses

    * China's Jan-Feb industrial output falls to 17-yr low * Thai baht leads losses in emerging Asia * Peso slips following cut in Philippine 2019 GDP By Shriya Ramakrishnan March 14 (Reuters) - Most Asian ...