BANGKOK, 7 April 2014, – The national reserves at the end of March stood at 167 billion USD, or 5.453 trillion baht, thanks to the baht exhibiting signs of stability, the slowdown in capital outflow, and the increase in cash circulation in the local economy.
According to the Bank of Thailand (BoT), the currency forward trading in March was worth 2.33 billion USD, a drop of 100 million USD from the previous week’s 2.34 billion USD, adding that the nation’s international reserves stood at 191 billion USD when taking the forward trading value into account.
The fact that the central bank did not interfere with the baht value has contributed to the reserves’ stability; on that note, the steady value of the baht suggests that the effect on capital outflow caused by the adjusted benchmark rate of the Federal Reserve had dissipated.
The baht is expected to trade between 32.50 – 32.52 baht per one Us dollar today.
