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Bank of Thailand: Strong Baht unlikely to adversely affect economy.

Bank of Thailand: Strong Baht unlikely to adversely affect economy. According to TNA , Bank of Thailand's Governor Tarisa Watanagase last week said that though the Baht had appreciated by around 12.8% this year, against the US dollar, this would not adversely affect Thailand. While this appreciation would have an effect on exports, the economy is expected to grow steadily because of good growth in the economies of Thailand's trading partners. As a protection against exchange rate fluctuations, Watanagase urged the private sector to improve efficiency and to give due consideration to currency risk management.

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