Importers hedging against baht slump
Local small and medium-sized importers are in a rush to hedge their currency exposure to protect against the rapid weakening of the baht, says TMB Bank. The number of SME customers hedging against foreign exchange risk has increased by 20-30% since the baht began depreciating after the year’s first policy rate cut by the Monetary Policy Committee in March, said Trirong Butragaht, chief SME and supply chain officer.
