Baht to weaken next year with US tariffs coming in
The baht is projected to weaken, reaching 34.50 per US dollar by the end of 2024, and further declining to 35.50 in 2025 as new US government policies are expected…
Baht Expected to Decline as Trump’s Victory Strengthens Dollar
The baht is expected to weaken further, potentially dropping below 34.5 to the dollar in the short term, following a fall to a two-month low on Thursday. This decline comes…
Stronger Baht Impacts Revenue Collections
Revenue fiscal 2024, which concluded in September, fell short of the government’s target by 4-5 billion baht due to the appreciation of the baht. Finance Permanent Secretary Lavaron Sangsnit noted…
Baht Expected to Decline Further if Trump Wins
The baht is expected to continue its depreciation amidst ongoing capital outflows ahead of the US presidential election early next month, potentially trading below 34.50 baht to the dollar if…
Baht Expected to Strengthen if Central Bank Keeps Rates Steady
The baht may strengthen past 33 per dollar, rising from 33.40 as of Tuesday, if the Bank of Thailand opts to maintain its policy interest rate at 2.50% during Wednesday’s…
Urgent Response Needed as Baht Triggers Alarm
The Federation of Thai Industries (FTI) is calling for urgent action to address the appreciation of the baht, which poses a threat to the country’s vital economic sectors, including exports…
BoT Monitoring the Strengthening Baht
The Bank of Thailand (BoT) has reaffirmed its commitment to managing the appreciation of the baht against the US dollar to mitigate its effects on the real economy. Pimpan Charoenkwan,…
As Baht Strengthens, Thai Interest Rates Set for Potential Cut.
The rapid rise of the baht may lead the Bank of Thailand to reduce interest rates as soon as its meeting in mid-October, according to analysts, who believe that continued…
Baht Reaches 19-Month Peak Against the US Dollar
The baht has surged to a 19-month high against the US dollar, boosted by a weakening dollar and profit-taking in gold. On Monday, the baht opened at 32.92 per dollar,…
Attention Fixated on the Baht
The future trajectory of the Thai baht for the remainder of the year is crucial for local industries, especially following the Federal Reserve’s anticipated interest rate cut last Wednesday, which…