The baht depreciation softened in April, supported by the Thai economy’s improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.
During the first quarter of 2024, the baht weakened by 7.8% against the US dollar, marking the second-largest depreciation rate in Asia, trailing only the Japanese yen, which fell by 9.6%.
The South Korean won ranked third in Asia, depreciating 6.5%.
However, Sakkapop Panyanukul, senior director for financial markets at the Bank of Thailand, said the baht depreciated less last month, declining 1.7% against the dollar, while the won…
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