BoT: Baht fluctuating like other currencies

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BANGKOK, 21 July 2011 – The Thai baht has been currently fluctuating in line with other currencies in the foreign markets as a consequence of the economic fragility in the US and European countries, according to the Bank of Thailand (BoT).

BoT Governor Prasarn Trairatvorakul stated that severe fluctuation is found in the international financial market since economic problems in the US and Europe have not been solved yet.

Nevertheless, the governor noted that the BoT will monitor the baht situation very closely, and appropriate measures will be devised whenever necessary to control the fluctuation.

The Thai baht today opened up at 29.85/89 against the greenback after the market on Wednesday closed at 29.90/92 per US dollar. The currency is anticipated to be stronger later in the day to fluctuate in the range of 29.80 – 29.95 baht per US dollar, according to an expert.

Regarding movements of other currencies, the Japanese yen stood at 78.70/75 against the greenback in the morning while the euro was at 1.4250/4260 US dollar per euro.