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Friday, May 3, 2024

Step right up, hedge your currency bets

A bank employee gathers baht notes at a Kasikornbank branch. The central bank is monitoring baht movement after volatile currency swings against the dollar compared with regional currencies. REUTERS

If you’re planning to travel abroad, it’s important to consider the foreign exchange rate to manage your personal finances, especially as the baht is increasingly volatile against the US dollar.

If you’re an importer or exporter and you don’t hedge against foreign exchange rates, your business may suffer from the baht’s fluctuations as the Thai currency has been the most volatile in the region this year.

Money market analysts attribute the baht’s volatility primarily to the movement of the dollar, which is an external and…

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