PUBLISHED : 1 Nov 2025 at 01:01
The Bank of Thailand (BoT) will begin publicly reporting details of its foreign exchange intervention activities and international reserves next year, following a joint statement with the US Department of the Treasury aimed at enhancing transparency and policy coordination.
Chayawadee Chai-anant, assistant governor for corporate relations at the BoT, said on Tuesday that the move followed an agreement between the BoT and the US Treasury on exchange rate policy and data disclosure, as part of ongoing trade and financial discussions between the two sides.
“The central bank has consistently emphasised that its exchange rate management aims to curb excessive volatility in the baht to prevent undue impacts on businesses,” Ms Chayawadee said.
Under the joint statement, the BoT will report its foreign exchange intervention operations at least twice a year, with a one-quarter lag, while data on foreign exchange reserves will be published on a monthly basis. Both parties vowed not to manipulate exchange rates or the international monetary system for competitive advantage.
The US Treasury has signed similar agreements in recent months with Malaysia, South Korea, and Japan. In October, the US Treasury and Bank Negara Malaysia issued a joint statement outlining their commitment to transparent exchange rate policies. In September, the US and South Korea also agreed to strengthen communication and transparency in foreign exchange market developments.
In its June 2025 report, the US Treasury did not name any countries as currency manipulators, but nine major trading partners remain on its monitoring list.
