Covid-19 situation in Thailand could determine baht's value

The baht opened at 31.17 to the US dollar on Friday, strengthening from its close of 31.49 on Monday.The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said.He expected the baht to strengthen due ...

The Nation Reporter

Thai baht is worst performing currency in Southeast Asia

The Thai baht was the worst performer among commonly traded Southeast Asian currencies during the first quarter, as its fundamentals were eroded due to lack of tourist spending.The baht depreciated 4% against the U.S. dollar to 31.24, according to Refinitiv data. The fall stood out ...

Baht stays firm, but funds inflows to determine direction

The baht opened at 30 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 29.90 and 30.05, said Krungthai market strategist Poon Panichpibool.On Thursday night, the S&P 500 and Nasdaq indexes fell by 0.4 and 0.1 ...

The Nation Reporter

Baht unchanged, could strengthen from possible economic recovery

The baht opened at 30.03 to the US dollar on Thursday, unchanged from its closing rate on Wednesday.The Thai currency is likely to move between 29.90 and 30.10 during the day, predicted Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.Keep reading ...

The Nation Reporter

Baht strengthens slightly

The baht opened at 31.41 to the US dollar this morning (July 30), strengthening from yesterday’s close of 31.44.The Thai currency is expected to move between 31.35 and 31.55, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities.Yesterday night (Thailand time), the US stock ...

The Nation Reporter

Baht seen strengthening next week but US economic data holds key

The baht will trade next week (June 8 to 12) at around Bt31.30 to Bt31.70 to the US dollar, and important factors worth monitoring are the Fed meeting and dot plots, and estimation of US economic numbers, according to Kasikornbank.Important economic numbers, such as consumer ...

The Nation Reporter

BOT worried as baht continues upward streak, vows ‘extra measures’

The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term inflows just as the currency rose again today (June 1).Deputy governor Mathee Supapongse said today that the baht has ...

The Nation Reporter

Baht will continue to remain strong throughout 2020

The Thai baht will continue to maintain its strength for the rest of 2020. It will remain strong, propelled by the increased surpluses in the Thai current account and the country’s trade balance.Kobsidthi Silpachai, KBank’s head of capital markets research, predicts that the Thai baht ...

Finance Minister vows more action if baht continues rapid appreciation

The baht on Thursday closed at Bt30.32 to the dollar in onshore trade, maintaining Wednesday’s level when the central bank cut its policy rate and issued key measures to rein in the rapid appreciation of the Thai currency.Finance Minister Uttama Savanayana said the central bank ...

The Nation Reporter

Baht may be primed for further gains

The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more.Keep ...

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