Rumours that Central Bank will fix US$-THB at 36.00

Baht moves in high volatility Monday

The baht Monday moved in high volatility on rumour hat the central bank would turn back to implement the fixed baht regime at Bt36 to the greenback.

The baht opened the market at Bt34.95Bt34.98 to the US dollar before closed the market at Bt35.05Bt35.08. It was strengthened from Friday's close at Bt35.05.

There was reportedly that the central bank last Friday urged dealers at banks to adjust their foreign-exchange positions, resulting in banks buying up US dollar and causing the baht to weaken significantly on that day.

The Nation

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