​Local Currency Markets

At present, only a few major currencies, e.g. USD EUR and JPY, are normally used for international trade and service settlement. However, trading share between Thai and the core markets who own those currencies have now declined in their importance, while new trading partners in the region i.e. China and ASEAN subsequently take on growing shares. Amidst global financial market uncertainty, the use of local currencies for trade settlement would be useful, especially as alternative currencies for Thai exporters and importers to reduce exchange rate risks arising from volatility in major currencies.