The baht exchange rate closed the market “appreciating” at 34.15 baht/dollar.

exchange rate The baht closed the domestic market at 34.15 baht per dollar. (After touching a new high in more than 2 weeks at 34.09 baht per dollar intraday) continued appreciation from the previous trading day’s closing level of 34.18 baht per US dollar.

Kasikorn Research Center stated that The appreciation of the baht is also consistent with foreign investors’ net buy positions in bonds and Thai stocks (8,823 million baht and 191.61 million baht, respectively).

As for the average indicative forward points of the three-month transaction for entrepreneurs with income of 50-200 million baht per year, the data is reported as of 10.00 a.m. on May 24, 2022, with the Bank of Thailand at -12.07 for exporters. (Selling dollars in advance) and at -9.09 for importers. (buy US dollars in advance)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.