Three factors contributed to heavy fluctuation of the baht

BANGKOK, 26 June 2011 – The Bank of Thailand (BoT) indicated three factors contributed to heavy fluctuation of the baht, including the global economy, debt crisis in Greece, and the election in Thailand.

BoT Assistant Governor for Financial Markets Operations Group Pongpen Ruengvirayudh said the US’s unstable economic recovery, the prolonged Greek debt crisis, and domestic political problems and the election were influencing the shift in capitals.

She believed that if the general election passed without any violence or unusual activities; then investors should not be worried.

The BoT reported the international money reserves as of 17 June at 185.4 billion THB, a 500 million THB decrease.