The baht has already appreciated to a more than four-year high at just above THB31 per dollar, as the dollar index extended its decline for a second consecutive session.

Why Thailand is pushing back on currency manipulation claimsThailand’s finance minister Ekniti Nitithanprapas has rejected accusations that the country manipulated...

Why a stronger baht is changing travel plansThailand’s currency has surged to its strongest level in years, and the shift...

The Ministry of Finance has been instructed to form a task force to investigate the recent strengthening of the baht and significant capital inflows, amid concerns that some funds may come from unregulated or suspicious sources. This move follows Prime Minister Anutin Charnvirakul’s call for urgent action and close coordination among relevant agencies. In January 2025, the exchange rate was approximately 34.27 baht per US dollar.

The baht’s rapid appreciation, which fell below 32 per US dollar yesterday—its strongest level against the greenback in more than four years—and is trading at 31.70 this afternoon, is out of step with Thailand’s underlying economic conditions and is placing significant pressure on exports, tourism, and agriculture, according to Poj Aramwatananont, chairperson of the Thai Chamber of Commerce. Exporters are facing higher costs relative to competing countries, reducing international sales and foreign revenue.

Thai private companies are marching forward to test the use of a fixed-value digital currency (1 baht) under the Bank of Thailand's sandbox. True Money is preparing to launch THBT on the Base blockcha...