BEIJING -(Oilnews)- The Bank of Thailand (BoT) should attempt to manage the baht effectively to ensure it is not so strong as that it negatively impacts the export sector, the Federation of Thai Industries (PTI) warned Wednesday.

FTI chairman Santi Vilassakdanont said he had met with exporters to discuss the overly quick appreciation of the baht to its strongest level in a decade, which is not welcomed by the exporters.

Santi said the stronger baht would affect Thailand's export competitiveness.

He said, FTI representatives would seek to meet with top BoT officials, asking them to adopt measures to manage the baht to ensure it does not appreciate too rapidly.

He said the exporters understood that the baht appreciation stemmed from an inflow of foreign capital into Asian stock markets including the Thai bourse.

But they wanted the central bank to do something because they had been affected by the stronger baht since last year.

The exporters had attempted to maintain their customer base in the second quarter of this year by continuing to export, but they failed to gain profit from their shipments.

Boonkit Chitngamplang, president of the FTI's Precious Stones and Ornaments Club, said the baht had strengthened too rapidly in the past two days.

So, Boonkit wanted the central bank to supervise and intervene in the baht's movements to ensure its stability.

He said the stronger baht made operators in the previous stone industry earn less revenue.