Thai baht market conditions: close at 29.80, strongest in 7 1/2 years



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Thai baht market conditions: close at 29.80, the strongest in 7 years after the dollar depreciated sharply.

A money manager at the Bank of Ayudhya said the baht closed at 29.80 baht / dollar tonight, appreciating since the morning the market opened at 29.98 / 30.01 baht / dollar.

At today’s close, the baht has been at its lowest level in seven and a half years since May 2013. The key factor is that the US dollar is depreciating against all currencies after the Federal Reserve signaled continued stimulus. There are still factors that Thailand is in the US Being listed as Countries observed foreign exchange intervention to gain a business advantage Investors therefore believe that the Bank of Thailand (BOT) may delay the acquisition of dollars at this time.

Tomorrow Thai baht still has a chance to appreciate We have to wait and watch the world market together While the yen and euro are also appreciating rapidly and there may be some pullback.

Money managers expect the baht to move in the range of 29.80 to 29.90 baht / dollar.

  • Key factor
  • The yen stood at 103.06 yen / dollar from the morning level of 103.34 / 36 yen / dollar.
  • The euro stood at $ 1.2229 / euro from the morning session at 1.2206 / 2210 dollars / euro.
  • The SET index closed today at 1,483.89 points, up 1.80 points (+ 0.12%), a market value of 112,757 million baht.
  • Summary of trading volume of the group Foreign trade net trade 2,613.39 million baht (SET + MAI)
  • The Bank of Thailand (BOT) has stated that there is no policy to intervene in currency to create a commercial advantage between

Any Country Which Thailand is on the US Treasury Watch List? It is not important for a commercial company.

Invest with US Which business sectors in Thailand and US Continue to do business as usual And such an assessment does not affect the operation

BOT policies to support national economic and financial stability Including the maintenance of exchange rate stability

  • The Finance Minister said that the BOT is taking care of this matter. The Treasury had to follow up because it was not yet known that the United States would have done so.

What countermeasures emerged?

  • The Securities and Exchange Commission (SEC) adds a new type of digital asset business under the

There are two types of supervision: digital asset advisers. And digital asset fund managers To provide comprehensive oversight, including survey

Regulatory level for commercial operators of digital assets With revised regulatory guidelines In order to increase the protection of investors’ interests

More suitable

  • Director General, Department of International Trade Negotiations The Department of Commerce said the Department has monitored the situation in the UK.

(United Kingdom) or England will cease to be full members of the European Union (EU) or Brexit on January 1, 2021 and the United Kingdom

It started to implement its own trade policies and measures. Initially, it estimated that UK trade policy after Brexit would be more relaxed and flexible.

Let the EU to avoid the impact on UK consumers and entrepreneurs. In addition to contributing to the development of a “commercial nation”

UK after Brexit

  • A spokesperson for the COVID-19 Situation Management Center (FEC) revealed that the meeting of the Center for Infectious Disease Management

Coronavirus 2019 has considered adjusting the rules to allow foreigners to enter the Kingdom of Thailand. Extending the resident permit period

Foreigners accompanying cruises and sports (yachts) departing from the country of origin. And it is in the process of traveling to Thai waters.

The right to apply for a special tourist visa (STV) at the immigration checkpoint permit

Entering the city for another 30 days until December 29, 2020.

  • The Ministry of Finance is preparing to open the project registration for the middle of the second phase of the 2nd phase, collecting no less than 500,000 fees.

Pass the criteria for each half of the project, phase 1, approximately 4 hundred thousand rights, and phase 2 with registration for another 5 million, where it is expected that there will be more people who do not meet the criteria.

Krung Thai Bank (KTB) is currently in the process of adding all the numbers together.

  • The president of the Federation of Thai Industries (FTI) revealed the results of the survey of the industrial confidence index in the month

November, at 87.4, increased from 86.0 on October 20, with the index rising for the seventh consecutive month since

May of last month

  • The Central Bank of Vietnam issued a statement confirming that Vietnam does not use the dong exchange rate as a tool for its creation.

Unfair advantage of international trade The confirmation came after the United States declared Vietnam as the country

Spinning money for business results

  • The Swiss Central Bank (SNB) has denied the US Treasury’s accusation. Switzerland

Turning money around to get trading results And saying that “Switzerland will continue to intervene strongly in the currency market.

More fees “


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