The Bank of Thailand has been entrusted by the Ministry of Finance with the responsibility of administering foreign exchange.
Exchange Control Regulations
1. To centralize foreign exchange in one place.
2. To channel the activities of foreign exchange for public benefit.
3. To prevent capital outflows.
4. To stabilize Thai baht value to ensure financial and economic stability.
Types of Foreign Exchange Licenses
To ensure compliance with the Exchange Control Law, all foreign exchange transactions including purchase, sale, exchange or transfer of foreign currencies are required to be conducted with the persons who are granted foreign exchange licenses by the Minister of Finance.
Measures to Prevent Thai Baht Speculation
Bank of Thailand (BOT) regulates foreign exchange transactions against Thai baht between onshore financial institutions and non-residents to maintain Thai Baht stability.