11 Nov 2022
Financial Institutions
The Baht strengthens…but close attention must be paid to volatility sparked by several factors, going forward ... Read more
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21 Sep 2022
The Thai Baht recently tested the THB37.20/USD level, its new low in almost 16 years since October 2006, amid the US Federal Reserve (Fed)’s hawkish signals of further rate hikes. However, the Baht’s movements have been in alignment with the Yuan and other regional currencies since the beginning of 2022. It has weakened by roughly 10 percent against the greenback, becoming the fifth weakest currency in Asia after the Japanese Yen, South Korean Won, Philippine Peso and New Taiwan Dollar. ... Read more
9 Oct 2019
The Baht has appreciated to test THB30.30/USD, representing the strongest in more than six years and Asia’s best-performing currency. The Thai currency has strengthened by approximately 7.4 percent against the greenback, outpacing the Indonesian Rupiah and Philippine Peso, which have appreciated only 2.8 percent and 1.8 percent so far in 2019.... Read more
25 Apr 2019
The Baht weakened past THB32.00/USD, moving within a range of THB32.02-32.09/USD on April 25, 2019, representing the weakest level since the beginning of 2019 and declining by approximately 1.5 percent from that reported one month ago. The softening Thai currency was consistent with cautious stance of foreign investors in the Thai financial market, as reflected in their net sell position in the Thai bond and stock markets at THB18 billion during one month after the general elections in Thailand. An important factor that has been monitored closely in the Thai financial market after the general elections is political situation and clarity towards the setting of a new government. ... Read more