Bank of Thailand (BoT) indicates that the baht currency has not been affected by the political standoff as it has slightly appreciated in line with other currencies in the region.

BoT Governor Prasarn Trairatvorakul said the baht value was moving in a normal range although there was no clarity on the current political situation yet. The currency has strengthened a little but the money market is still deemed uneventful.

Mr Prasarn added that the Fed’s meeting on 17-18 December might also have no impact on the market. The governor however declined to answer whether the BoT would need to adopt any special monetary policy during the political deadlock in Thailand.

The baht on Tuesday opened at 32.01-32.02 against the U.S. dollar before depreciating to 32.10.