The Bank of Laos (BOL) and 15 commercial banks have signed a Memorandum of Understanding (MoU) to establish a centralized foreign exchange market to stabilize the national currency, improve transaction monitoring, and provide convenient currency exchange options..

The Commerce Ministry of Thailand is planning to liberalise 10 service sectors this year, including telecom, treasury centre, and currency exchange services.

The daily reference exchange rate was set at 23,100 VND per USD on August 5, the highest level so far, up 10 VND from the last working of previous week (August 2).

To aid Thai investors doing business abroad, Kasikorn Bank has become the first bank in Thailand to accommodate transactions in all the currencies of the ASEAN+3 grouping.

Currency exchange shops are busier than ever as the Tet (Lunar New Year) nears. With such demand, the likelihood of overcharging customers increases.