Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Baht Gains on Fund Flows as Exports, Consumer Confidence Improve

April 10 (Bloomberg) -- Thailand’s baht rose to its strongest level in almost a week after global investors pumped money into the nation’s assets on optimism the economy is recovering from last year’s floods.

International funds bought $87 million more Thai equities than they sold last week, taking net purchases this year to $2.8 billion, according to exchange data. Consumer confidence rose for a fourth month in March, a report from the University of the Thai Chamber of Commerce shows. Exports increased 1.2 percent in February from a year earlier, halting four months of decreases, Bank of Thailand data showed on March 30.

“With plenty of liquidity in the developed nations, funds will flow into emerging Asia,” said Tohru Nishihama, an economist at Dai-ichi Life Research Institute Inc. in Tokyo. “Thailand’s exports are showing signs of recovery and that is quite positive for the baht.”

The baht advanced 0.2 percent from April 5 to 30.95 per dollar as of 3:16 p.m. in Bangkok, according to data compiled by Bloomberg. It touched 30.90, the strongest level since April 4. Local financial markets were closed for public holidays on April 6 and yesterday. One-month implied volatility, a measure of foreign-exchange swings used to price options, was unchanged at 4.52 percent.

The yield on the government’s 3.25 percent bonds due June 2017 climbed two basis points, or 0.02 percentage point, to 3.69 percent, according to data compiled by Bloomberg.

To contact the reporter on this story: Yumi Teso in Bangkok at

To contact the editor responsible for this story: Sandy Hendry at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.