Thailand’s international reserves decreased by US$800 million (Bt23.4 billion) as of April 19 compared to the previous week, the Bank of Thailand (BoT) reported.
It said the latest international reserves were at US$176.8 billion (Bt5.072.9 trillion) based on an exchange rate of Bt29.25 to the dollar.
The net forward position was US$23.5 billion, or US$100 million lower than the previous week of US23.6 billion, resulting in net international reserves, including current and forward reserves, of US$200.003 billion.
It was speculated that the BoT’s diminishing reserves were due to its intervention in the Thai exchange with a spot purchase of US dollars together with its lesser intervention in the forward markets.
The BoT prefers a realistic market in accord with the market mechanism. (MCOT)
