By Financial Market Department, Bank of Thailand

Since 2020, the Bank of Thailand (BOT) has initiated a new foreign exchange (FX) ecosystem to promote efficiency in Thai FX market. Under this initiative, the BOT has relaxed foreign exchange regulations to allow businesses to better manage foreign exchange exposures, and to support market competition among financial service providers with the aim of lowering transaction costs, expanding variety of financial products and increasing accessibility to foreign exchange hedging tools by businesses.