BANGKOK, 14 June 2013 The Federation of Thai Industries (FTI) has expressed satisfaction with the Bank of Thailand (BoT) in keeping the baht at a reasonable level, believing the currently weaker baht will help boost the Thai export growth.
FTI President Payungsak Chartsuthipol said following the swift depreciation of the Thai baht that if it remained at this level, it would be in line with other regional currencies and restore Thai exporters’ confidence.
The cheaper baht against the greenback, according to Mr. Payungsak, is good for the export sector and will certainly encourage the growth of Thai exports this year, possibly to 6 percent. However, he stressed that the government needs to step in and keep the currency fluctuation under control.
The President said he is also confident that relevant agencies currently overseeing the baht will be able to keep the baht value in line with other currencies in this region.
