Analysts Forecast the Baht to Reach 30 Against the Dollar
Analysts suggest that the baht could potentially strengthen to test the 30-per-dollar level in the near future, driven by a sharp increase in international gold prices reaching new record highs…
Thai Bad Debt Reaches Record High of 1.23 Trillion Baht
Household debt in Thailand has surged by 25% since the end of 2022, hitting a record high of 1.23 trillion baht as of January this year, according to the National…
Expected Fluctuations Ahead for the Baht in the Near Term
The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to…
Thailand revenue from tourism in 2023 breaks through the 1 trillion THB barrier
The Ministry of Tourism and Sports announced that the number of foreign tourists arriving in Thailand has reached 25.7 million since January 1, 2023, generating revenue of 1,098,082 million baht,…
Central Bank says Thai inflation to speed up to targeted range
Thailand’s inflation is forecast to gradually speed up to within the targeted range of 1per cent to 3per cent, the Bank of Thailand said on Wednesday, with the rate expected…
Thai baht becoming volatile amid rising household debt
Interest rates in emerging economies trailing their advanced peers, including the US, is boosting currency volatility and posing challenges to exchange rates and capital flows, according to Bank of Thailand…
Baht freefall could hit 38
Economists credit the Thai currency’s movement to a stronger dollar Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to…