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



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December 18, 2020


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The baht reached its strongest level in seven and a half years, again at 29.76 baht per dollar. Before narrowing the positive range to close at 29.80 baht per dollar. This is in line with the net selling force of Thai shares by foreign investors. The market is still waiting to monitor the status of the baht situation by the authorities. Including the results of the MPC meeting next week

Miss kanchana Chokphaisansilp Research Executive Investigation Group company Kasikorn Research Center Revealed thatThe baht reached its strongest level in seven and a half years, again at 29.76 baht per dollar. Before narrowing the positive range to close at 29.80 baht per dollar. This is in line with the net selling force of Thai equities by foreign investors (-5,608.77 million baht), and the market is still waiting to monitor the baht situation by the government. Including the results of the MPC meeting Over the next week While the framework of the dollar recovery In short, it is still quite limited.

The movement of the baht next week is expected to be 29.60-30.00 baht per dollar. Important factors to monitor include the results of the MPC meeting. (Dec 23) and your attitude to the baht situation Direction of investment flow from foreign investors Thailand export data for November Including a summary of US economic stimulus measures US personal economic numbers. That should be followed, including the consumer confidence index for December. Second-hand home sales New home sales Personal income-expenses And inflation measured by the core PCE price index, durable goods orders in November. GDP figures for the third quarter of 2020

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