Posted by Finance Minister Korn Chatikavanij on Tuesday predicted that the Thai baht will continue strengthening, but the trend will not affect Thailand’s export competitiveness because other currencies in the region are moving in the same direction.
Since early this year, the baht has already strengthened by 5 per cent.
“Undeniably, the baht has appreciated for a year and is very likely to continue strengthening,” he said.
What could have an impact on Thailand’s exports is the demand for purchases by its trading partners.
He said the current global economy is not as bad as in the previous two years, but it had not recovered as forecast earlier.
Since early this year, the baht has already strengthened by 5 per cent.
News item courtesy of www.mcot.net/EnglishNews
