Deputy Finance Minister Santitarn Sathirathai said the Thai baht’s recent decline—about 8% from its January five-year high—will support exports and tourism, two key growth drivers. The move has come amid a stronger US dollar and after authorities cracked down on gold speculation and eased capital outflow rules. The baht is among Asia’s worst-performing currencies this year, behind the Philippine peso, Indian rupee and Indonesian rupiah. Santitarn, a former BOT rate‑setting committee member (2023

2026-09-15

Deputy Finance Minister Santitarn Sathirathai said the Thai baht’s recent decline—about 8% from its January five-year high—will support exports and tourism, two key growth drivers. The move has come amid a stronger US dollar and after authorities cracked down on gold speculation and eased capital outflow rules. The baht is among Asia’s worst-performing currencies this year, behind the Philippine peso, Indian rupee and Indonesian rupiah. Santitarn, a former BOT rate‑setting committee member (2023–early 2026), said policymakers do not target a specific exchange rate and have not been forced to use interest-rate adjustments to counter the currency, a stance he said preserves room to act if needed.

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