The Thai baht Tuesday fell to an 18-month low of Bt34.9598 against the greenback, prompting the Bank of Thailand (BOT) to step into the market to curb volatility.
The baht opened at Bt34.385 to a dollar before slumping to Bt34.9598, its weakest since April 2007. It closed at Bt34.9093.
A treasury dealer said the baht depreciated in line with other currencies in the region before moving in A narrow range in the afternoon. The central bank apparently stepped into the market to stop the rapid change in the value of the currency.
The Nation
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