Factors Influencing the Baht’s Appreciation
Bank of Thailand Governor Sethaput Suthiwartnarueput highlights that the baht's rapid appreciation is due to the weakening US dollar and rising gold prices. He assures that the baht remains stable and comparable to early-year values and other regional currencies. The main factor is the US Federal Reserve's indication of a policy rate cut.
Bank of Thailand Governor Sethaput Suthiwartnarueput stated on Wednesday that the rapid appreciation of the baht is mainly due to the depreciating US dollar and increasing gold prices.
He emphasized that the baht maintains good stability, with an appreciation rate comparable to early this year and similar gains observed in the Malaysian ringgit and Indonesian rupiah.
The key driver behind the baht's appreciation is the US Federal Reserve's clear signal to start reducing its policy rate.
He emphasized that the baht maintains good stability, with an appreciation rate comparable to early this year and similar gains observed in the Malaysian ringgit and Indonesian rupiah.
The key driver behind the baht's appreciation is the US Federal Reserve's clear signal to start reducing its policy rate.
