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The Bank of Thailand recently took intervention measures to ease fluctuations in the Thai currency exchange rate. In response to market volatility, the central bank stated that these policy actions aim to stabilize market order and maintain the relative stability of the Thai Baht.
The central bank emphasized that it will continue to monitor market trends and act accordingly based on market conditions to further strengthen the foundation of financial stability. This move reflects the central bank's focus on the stability of the Thai exchange rate, aiming to create a more stable environment for the financial market and protect the local currency from excessive fluctuations.