‘Thai baht’ closed today, ‘appreciation’ 29.80 baht per dollar

18 December 2020


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The baht hit its strongest level in seven and a half years, new at 29.76 baht per dollar. Before reducing the positive range to close at 29.80 baht per dollar. This is in line with the net selling force of Thai stocks by foreign investors. The market still waits to monitor the state of the baht situation from the authorities. Including the results of the MPC meeting in the next week

Miss Kanchana Chokphaisansilp Research Executive Research group company Kasikorn Research Center Revealed thatThe baht hit its strongest level in seven and a half years, new at 29.76 baht per dollar. Before reducing the positive range to close at 29.80 baht per dollar. This is in line with the net selling force of Thai stocks of foreign investors (-5,608.77 million baht), together with the market still waiting to monitor the situation of the baht from the government. Including the results of the MPC meeting During the next week While the frame of the dollar’s recovery In short, it is still quite limited.

The movement of the baht next week is expected at 29.60-30.00 baht per dollar. The important factors that must be monitored include the results of the MPC meeting. (Dec. 23) and his attitude towards the situation of the baht Direction of investment flow of foreign investors Thai November export data Including a summary of the US economic stimulus measures Personal US economic numbers That must be followed, including the Consumer Confidence Index in December. Second-hand home sales New home sales Income-personal expenses And inflation as measured by Core PCE Price Index, durable goods orders in November. GDP figures for Q3 / 2020

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Read Also:  Exchange rate Thai baht opened a depreciation market at 30.09 baht / dollar
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