Kasikorn Bank Looking at the movement of the baht between 2-6 Jan. 2023, it will be at the level of 34.00-34.80 baht / dollar from the close of the market on Friday, December 30, 2022 at the level of 34.56 baht / dollar by the factor Important to monitor include the inflation rate in December. 65 of Thailand Foreign capital direction Covid situation in China Asian currency movements including important US economic numbers
For the overall picture in 2022, the baht weakened by regarding 3.3% to 34.56 baht per dollar (as of December 30, 2022) from the end of 2021 at 33.41 baht per dollar. The pressure on the baht’s depreciation was mostly in the first 10 months of 2022, mainly from the appreciation of the US dollar. in accordance with the direction of tightening monetary policy by accelerating the Fed’s interest rate hike. 2022 following the Fed began to signal a slowdown in the size of the rate hike. In addition, there is additional support from the hope that China gradually opens up the country.
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