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Kasikorn Bank Evaluate the framework of the baht movement Between 4 – 8 Jan. 64 at 29.80-30.15 baht per dollar.
Meanwhile, the Kasikorn Research Center assesses key factors that need to be monitored, including the situation of the COVID-19 outbreak. Around the world and in Thailand BOT’s monetary policy report.
For the movement of the baht in 2020, moving in the frame between 29.76-33.18 baht per dollar. The baht has started to decline since the end of January. The first round of concerns about the impact of COVID-19 as the global economic downturn stimulates the dollar As a safe currency
However, the baht was able to reduce the depreciation period and resume its appreciation for the rest of the year. It was boosted by the Fed’s unrestricted monetary policy easing, while the COVID-19 situation was The first round began to unfold. And US election results That ended with the victory of Mr. Joe Biden.
In addition, there are also factors that support the baht’s appreciation during December. 2020 is that Thailand has been included in the Monitoring List in the United States ‘key trading partners’ economic and foreign exchange policy assessment reports. Which makes it expected that Thai authorities may have to act more cautiously in intervention in the foreign exchange market.
And despite the baht appreciation towards the end of the year But more risky signs of the COVID-19 outbreak The new round also limited some of the appreciation framework.
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