Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Thai Baht Reaches Two-Week High on China Exports; Bonds Decline

Nov. 12 (Bloomberg) -- Thailand’s baht hit a two-week high as better-than-expected data from China improved the Southeast Asian nation’s export outlook. Government bonds fell.

Chinese overseas sales increased 11.6 percent in October from a year earlier, according to official figures released Nov. 10. The median estimate in a Bloomberg survey was for a 10 percent gain. The world’s second-biggest economy is Thailand’s largest export market, taking 11.7 percent of its shipments in the first nine months of this year.

“China’s economy is beginning to improve, which is positive for other Asian countries,” said Yuji Kameoka, chief currency strategist at Daiwa Securities Co. in Tokyo. “Good data from China also improves risk sentiment among investors.”

The baht was little changed at 30.64 per dollar as of 3:07 p.m. in Bangkok from 30.65 on Nov. 9, according to data compiled by Bloomberg. It touched 30.59 earlier, the strongest level since Oct. 29. One-month implied volatility, a measure of exchange-rate swings used to price options, was unchanged at 4.27 percent.

Thailand’s exports increased 0.2 percent in September, compared with a 7 percent drop in August, official data show.

The yield on the 3.625 percent notes due May 2015 rose two basis points, or 0.02 percentage point, to 2.85 percent, according to data compiled by Bloomberg.

To contact the reporter on this story: Yumi Teso in Bangkok at yteso1@bloomberg.net

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.