Significant Challenges Put Pressure on Baht Appreciation
Economists are pointing to a combination of factors that are applying pressure on the baht’s appreciation in the long run. The Thai economy’s diminished potential growth, a reduced current account…
Baht expected to strengthen to 36.1 against the US dollar.
The Thai baht is anticipated to strengthen further to reach 36.1 against the US dollar in the short term, following recent gains that led to a one-month high on Monday.…
Baht expected to keep declining this year
The baht is anticipated to decline to 37.25 against the US dollar in the short term, as Asian currencies have reached their lowest levels since 2022 due to ongoing outflows…
The Baht expected to reverse its direction in the second half of the year.
In April, the Baht’s depreciation eased, buoyed by the strengthening momentum of the Thai economy. A senior executive at the Bank of Thailand anticipates a potential strengthening of the local…
The Baht depreciation
The Thai baht is anticipated to weaken further after dropping below 36 against the US dollar on Tuesday, as the Bank of Japan decided to raise interest rates for the…
Foreign firms selling Baht Denominated bonds are facing stricter rules
The Securities and Exchange Commission (SEC) in Thailand has opened up a public consultation period to gather feedback on proposed amendments and draft regulations related to the sale of newly…
Migrants bring home 299 billion THB
More than 100,000 workers sent overseas by the Ministry of Labour last year and rarely this year sent back 299 billion baht in foreign currency to the local economy, according…
The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday
Modest rate hike comes even as inflation is at 14-year high. The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even…
Baht weakens over stronger dollar while gold prices fall
The baht opened at 36.29 to the US dollar on Monday, weakening from Friday’s close of 36.03. The Thai currency will likely move between 36.20 and 36.40 against the US…
All foreigners entering Thailand to pay tourism fee
All foreigners entering Thailand are expected to pay the proposed 300-baht tourism fee. The government is expected to impose the charge without any exceptions as it will serve as an…