BoT expected to avoid manipulation chargeThailand has a low likelihood of being designated a currency manipulator, as foreign exchange intervention in the baht remains well below the US threshold, according to Kasikorn Research Center (K-Research). Under the US Treasury's foreign exchange intervention criteria, net foreign exchange purchases must not exceed 2% of GDP. K-Research estimates the Bank of Thailand's intervention in the baht amounted to 0.9% of GDP. One of the criterion is a significant bilateral trade surplus with the US. In addition to foreign exchange intervention, the central bank has also supervised domestic gold trading, which can partially affect baht movements.

Source: Bangkok Post February 05, 2026 22:24 UTC