Thai central bank relaxes FX rules to curb currency’s strength

- Alice Shen
- 12 Jan 2021

Thailand’s central bank is allowing greater flexibility in foreign exchange trading, in another attempt to reduce the currency’s strength, it said on January 5.

The measures enable non-financial companies to trade baht without providing proof of underlying for each transaction, while lifting the end-of-day outstanding limit of 200 million Thai baht ($6.7 million).

The new rules are part of the Bank of Thailand’s effort to develop the country’s foreign exchange system through structural reform

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