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Thai Baht Market Conditions: Baht closes 30.14 / 18 Opportunities to weaken. Expect tomorrow

A money manager from Bangkok Bank said the baht closed this evening at 30.14 / 18 baht / dollar, depreciating from the morning level at 30.07 baht / dollar.

This evening baht depreciates from the morning. But overall, throughout the day, the market was relatively quiet. The market factor is still a concern. The coronavirus outbreak both at home and abroad. For tomorrow’s trends Thai baht still tends to depreciate. But it may be a little weaker than this as the transactions are sluggish towards the end of the year.

“During this period, the baht still has a chance to depreciate. But probably not much Due to the relatively thin market Because it is the end of the year, “the money manager said.

Money managers expect the baht to move in the range of 30.15 – 30.25 baht / dollar.

  • Key factor

  • The yen stood at 103.45 yen / dollar from the morning level 103.57 yen / dollar.
  • The euro stood at $ 1.2250 / EUR from the morning session of $ 1.2205 / EUR.
  • The SET index closed today at 1,452.67 points, down 33.64 points (-2.26%), trading value of 103,634 million baht.
  • Group trading volume summary Foreign net sales 3,014.65 million baht (SET + MAI)
  • The Fiscal Policy Office (FPO) believes that the Thai economy in the year 64 will definitely expand better than this year. From economic direction

Many countries around the world began to recover. This will benefit the Thai export sector. Also good news about the success of the COVID-19 vaccine by the ministry.

Forecasts for the Thai economy for the year 2020 and the year ’64 are revised again in January ’64, which requires a revision of the assumptions.

That affects all economies such as tourism, oil prices and export figures, etc.

  • The Fiscal Policy Office (FPO) revealed that the Thai economy in November 20 showed signs of improvement from the previous month.

Only industrial production Export of goods And private consumption Corresponds to various economic indexes that have adjusted

Keep improving From government stimulus measures at the end of the year

  • Prime Minister of Vietnam Has revised its forecast for the expansion of gross domestic product (GDP) year 2021, expected

GDP will expand 6.5% from the previous forecast of 6.0%. In 2020, Vietnam’s GDP is likely to slow to 2.91%.

This is the lowest level in 30 years due to the effects of the COVID-19 outbreak. Together with the factors of natural disasters that occur in the country and

Global economic slowdown

  • The Bank of Japan (BOJ) released a summary of the views of the Board of Directors of the BOJ at its latest meeting.

Some BOJ directors want the Bank of Thailand to carry out the large-scale asset acquisition program to be more flexible. After being criticized that the policy was famous

Distorting the market In the meeting on 17-18 December, the BOJ decided to review the information in March. To find a better solution in

Achieving the inflation target of 2% is becoming more difficult days. After the COVID-19 epidemic Causing the economy to collapse

  • The Japan Foreign Trade Organization (JETRO) released the latest survey results from more than 80% of Japanese companies overseas.

That the company’s business activities will return to normal by the end of 2021 following the outbreak of COVID-19. And the shutdown measures have dragged the world economy

Into a severe recession in the past


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