News

Strong baht a double-edged sword to farm sector

The strengthening baht is a double-edged sword to the Thai agriculture industry , said Rapibhat Chandarasrivongs, secretary general of the Office of Agricultural Economics (OAE).In 2019, the Thai currency gained 5 per cent in value against the US dollar, from Bt31.81/dollar in January to Bt30.22 ...

The Nation Reporter

All eyes on BOT data as baht hits highest level in six years

The baht appreciated to Bt30.15 against the US dollar last week, its highest level in six years on Friday, Kasikornbank said.Kasikornbank has forecast that the baht could move in a range of Bt30-30.30 to the dollar this week (December 30 to January 3). Investors sold ...

Baht to remain strong into 2020: Kasikorn Research Centre

The Kasikorn Research Centre believes that the Thai Baht is going to remain strong into 2020.KBank’s research arm forecasts the baht to move in a range of 30.10-30.50 Thai baht to the US$ for the next few quarters. But they warn a key domestic factor ...

Strong Thai baht brings financial woes for expat retirees

An interview with a retired Briton in today’s Bangkok Post illustrates the financial difficulties some expats now face in the Land of Smiles as a result of the strong baht.Brian Maxey moved to Pattaya from the UK to live off his sterling pension, but the ...

May Taylor

Rice exports down on strong baht

Rice exporters on Wednesday lowered their target for the year from 9.5 million tonnes to 9 million, after a sharp fall in first-half shipments due to the strong baht and ample global stockpiles.Thailand’s rice exports from January to June this year fell 19.6% compared with ...

TNSC predicts income loss of B500bn

Exporters are estimated to lose as much as 500 billion baht worth of income from the strong baht this year, with small-scale entrepreneurs hit the hardest.According to Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, exporters have lost about 200 billion baht worth of ...

Phusadee Arunmas

The Thai Baht in 2022 – a prediction

Trying to find a few good numbers amid the bad we thought we’d look forward three years to some of the world’s major currencies and their projected performance against the Thai Baht. Of course, these are just predictions, according to longforecast.comKeep reading ...

DPM: Strong baht reflects stable national economy

The Thai currency’s appreciation is an indication of the country’s good economic performance and stability, according to Deputy Prime Minister Somkid Jatusripitak.The deputy premier reassured investors about Thailand’s economic performance during his speech at the Federation of Thai Industries’ board meeting.Keep reading ...

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