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**Glanteeignile** · 04-10-2012, 12:55 PM

Baht gains on fund flows

Thailand's baht on Tuesday rose to its strongest level in almost a week after global investors put money into the country's assets on optimism the economy will recover from last year's floods.

International funds purchased US$2.8 billion more Thai equities than they sold this year, according to exchange data.

Consumer confidence rose for a fourth straight month in March, a report from the University of the Thai Chamber of Commerce showed this month.

Exports (THNFEXPY) increased 1.2 per cent 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 0.3 per cent from April 5 to 30.93 per dollar as of 8.28am in Bangkok, according to data compiled by Bloomberg. It touched 30.90 earlier, the strongest level since April 4. Local financial markets were closed for a public holiday on April 6 and yesterday.

One-month implied volatility, a measure of foreign-exchange swings used to price options, was unchanged at 4.52 per cent.

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

04-10-2012, 12:55 PM	#38
Glanteeignile Join Date Oct 2005 Posts 565 Senior Member	Baht gains on fund flows Thailand's baht on Tuesday rose to its strongest level in almost a week after global investors put money into the country's assets on optimism the economy will recover from last year's floods. International funds purchased US$2.8 billion more Thai equities than they sold this year, according to exchange data. Consumer confidence rose for a fourth straight month in March, a report from the University of the Thai Chamber of Commerce showed this month. Exports (THNFEXPY) increased 1.2 per cent 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 0.3 per cent from April 5 to 30.93 per dollar as of 8.28am in Bangkok, according to data compiled by Bloomberg. It touched 30.90 earlier, the strongest level since April 4. Local financial markets were closed for a public holiday on April 6 and yesterday. One-month implied volatility, a measure of foreign-exchange swings used to price options, was unchanged at 4.52 per cent. The yield on the government's 3.25 per cent bonds due June 2017 climbed two basis points, or 0.02 percentage point, to 3.69 per cent, according to data compiled by Bloomberg.
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