The Thai Baht Interest Rate Fixing : THBFIX


The Thai Baht Interest Rate Fixing (THBFIX) is the synthetic rate for deposits in Thai Baht, which represents the effective cost of borrowing THB synthetically by borrowing the US dollar for the same maturity and swapping out the USD for THB. Because of this, THBFIX is significantly influenced by USD liquidity, and will be discontinued along with USD LIBOR by end June 2023. In this regard, the BOT and the Committee encourage market participants with outstanding transactions referencing THBFIX to be ready for the cessation in terms of contract amendment and system preparation.