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Currency News

EM ASIA FX-Most Asian currencies edge up after Xi vows to lower tariffs

09 Apr 2018 23:52Reuters
Among Asian currencies, the Chinese yuan gained as much as 0.4 percent, its biggest intraday percentage gain in over a week. The Thai baht rose the most in over one week, adding as much as 0.2 percent, while the Philippine peso and the South Korean won ... more

India rice rates up on steady demand; stronger baht props up Thai rates

08 Mar 2018 06:00Reuters India
Meanwhile, demand for the grain from Bangladesh, which has emerged as a major rice importer since 2017 after floods damaged its crops, would stay strong for the next few months, given the high domestic rates, an official with the food ministry in ... more

Are exporters a sitting duck amid wage hike and rising baht?

22 Feb 2018 12:00The Nation
The businesses that will face most ramifications from the wage hike and strong Thai baht, with a 1-3 per cent drops in net profit margin , are agriculture, apparel, and furniture buisnesses due to their intensive labour usages and high revenue reliance ... more

Thai Bev net profit down 62% in Q1

14 Feb 2018 06:56The Business Times
THAI spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (S$122 million), down 62.3 per cent from the same period a year earlier. more

Thai tourist's mermaid pose ends up with a 1500 Baht fine

08 Feb 2018 19:52Phuket Gazette
Three Thai tourists have been fined 1,500 Baht each for sitting on a mountain coral at Mu Koh Surin National Park in Phang Nga. more

Strong baht may rewrite export goal

06 Feb 2018 11:03The Nation
Chaichan Charoensuk, TNSC secretary-general, said that this initial impact is based on the country's export potential, while the costs for converting foreign currencies into baht and rising labour costs raise the overall costs and product prices. As a ... more

Strong baht, higher wages may slow Thai 2018 export growth

06 Feb 2018 04:18The Business Times
[BANGKOK] Thailand's exports may grow at a much slower pace of 3.5 per cent this year due to a strong baht and higher wages, after expanding nearly 10 per cent in 2017, a group of Thai shippers said on Tuesday. Last month, the group raised its 2018 ... more

EM ASIA FX-S.Korean won, Thai baht fall

05 Feb 2018 20:18Reuters
Feb 6 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0141 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0141 GMT Currency Latest bid Previous Pct day Move Japan yen 108.900 109.09 +0.17 Sing dlr 1.322 1 ... more
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