Page 4 – ASEAN Economic Community Strategy Center

Thailand: Baht likely to face continued downward pressure due to Covid situation

The baht opened at 33.10 to the US dollar on Friday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.05 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due to the Covid-19 situation […]

Philippines: BSP further eases forex regulations

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has further eased foreign exchange transaction rules to boost efforts to convert half of retail transactions in the country to digital channels by 2023. BSP Governor Benjamin Diokno said the Monetary Board last week approved the revisions to the Manual of Regulations on Foreign Exchange Transactions. […]

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Thailand: Baht likely to face continued downward pressure due to Covid situation

Philippines: BSP further eases forex regulations