June 11, 2020 / 10:32 AM / a month ago

Thai baht strength in line with regional currencies, central bank says

BANGKOK, June 11 (Reuters) - Strength in the Thai baht is in line with regional currencies, which are being driven up by a weaker U.S. dollar, the central bank said on Thursday, as the Thai currency has hit a more than four month high against the greenback.

Recent capital inflows are mostly from money being repatriated, with few foreign inflows in June, Assistant Governor Chantavarn Sucharitakul said in a statement.

The baht will remain volatile, she said, adding the currency had appreciated by 2.71% against the dollar since end-May.

Reporting by Orathai Sriring; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below