Browsing Tag

thai baht

11 posts

Thai baht becoming the region’s worst-hit currency in COVID pandemic

According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000 tourist arrivals as of May 2021, compared with over 39 million in 2019, before the pandemic. Fewer tourists also means lower demand for the Thai baht.

3 Reasons to Be Optimistic About the Baht Right Now

Probably one of the most important factors for the rise of the Baht is the continued weakness of the US dollar, which most experts agree is going to continue declining throughout the rest of the year.

How Strengthening Thai Assets Could Affect the Forex Market

Ever since Donald Trump was elected as the newest President of the USA, many Asian currencies have experienced a boost, including the Thai baht

Billions flow into Thai bonds, pushing up Baht value

According to latest Oxford Business Group report, financial markets in Thailand are experiencing rising levels of capital inflow, drawn by the economy’s solid performance and sustained political stability. However, there are concerns this flood of funding could cause overheating and create bubbles in some segments, including the stock and property markets.

Thai Baht to remain volatile next year

Emerging markets, particularly in Asia and Thailand, would become interesting places, because they would lead the economic recovery, while the US would remain an interesting market because of attractive asset prices.
Thailand currency

Kasikornbank forecasts dollar at 25 Thai baht within two years

The Kasikornbank research unit forecasts the Thai baht will reach 28 baht per US dollar next year and keep rising to hit 25 baht within two years.

Prime Minister dismiss market intervention to stem Thai currency

The central bank’s Monetary Policy Committee (MPC) of Thailand has become increasingly concerned about foreign capital inflows as the economy has failed to grasp their benefit.
thai baht

More measures to curb currency raise says Bank of Thailand

The baht has climbed 11% this year as global funds bought 41.9 billion baht more of local shares than they sold. The Bank of Thailand (BoT) is monitoring the baht movement closely and is studying additional measures to oversee the currency