I found it informative in the context of account closures ! https://www.pattayamail.com/latestnews/news/the-thai-baht-that-looks-too-strong-and-the-money-no-one-sees-530364

Answered10 months ago

What are the implications of a strong Thai baht for account closures and the economy?

Thai Baht Currency Strength Export Risks Tourism Impact Central Bank Policies Non-resident Cash Inflows

Anonymous *************

asked Dec 26, 2025

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I found it informative in the context of account closures !

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Answer summary

The discussion revolves around concerns regarding the strength of the Thai baht and its impact on exports and tourism. Several comments highlight the central bank's inability to manipulate the currency due to international agreements, and the potential risks for Thai exports if the baht remains strong. Additionally, previous warnings from the finance ministry about controlling the baht's strength for the sake of maintaining a favorable exchange rate for exporters and its implications on tourism have been noted.

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Andrew ********

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79/thailand-tightens-reporting-of-nonresident-cash-inflows

"The central bank has not set a specific target for the baht’s value and cannot manipulate the currency due to international agreements, he added."

I find this funny seeing as its fiat currency its all manipulation by arbitrary factors

10 months ago

Andrew ********

Interesting article - I also rember a few months back the finance ministry warned of something similar relating to exports of goods would fall at the end of the year with the baht rising - they proposed plans to control the baht - as exporters wanted the USD to remain between 32 to 35 on the USD. The tourist minister also confirmed this desire to help increase tourism but the idea was shot down

Now im seeing articles like this come up in alot of places warning of exports at risk for thailand and it seems to have caught the attention of a few people as they are wanting tighter restrictions on gold sale

10 months ago