The capital controls have led to two-tier trade in the baht -- between the onshore and offshore markets. In the onshore market is at its strongest level in more than nine years. The baht is trading at about 32.7 to the dollar in the offshore market -- about 7% stronger than where it is trading onshore. The dismantling of the measures would help a convergence of the onshore and offshore baht spot rates but probably at a rate closer to the offshore rate.