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.