BOT: Value of Thai Baht remains volatile

BANGKOK, 25 September 2009 (NNT) – The Bank of Thailand (BOT) pointed out the value of Thai local currency remained volatile as a result of the influx of investments to the Stock Market.

Despite the fluctuation of Thai Baht, BOT Governor Tarisa Watanagase said the Central Bank had prepared means and measures to address the unstable value. She advised both exporters and importers to make themselves ready for any circumstances of Thai Baht trade in the future.

Dr. Tarisa also advised them to opt for a guarantee of currency exchange, and recommended them not to be confident in forecasts from dealers over Thai baht value in the futures.