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Baht Depreciates to 35.07 per Dollar, Market Outlook for Next Week

The baht closed the market tonight (12 January) at 35.07 baht per dollar. Depreciated from the morning market opening level of 34.99 baht per dollar.

A money manager from Bank of Ayudhya said the baht during the day moved within a narrow range of 35.00-35.10 baht per dollar. Due to pressure due to an increase in crude oil prices in the global market From the situation where the United States and England launched air strikes on various targets of the Houthi rebel group in Yemen.

value of Baht

Early next week The market is keeping an eye on the Bank of Thailand’s (BoT) “BOT Policy Brief: Unveiling National Bank Policy Concept” press conference to see if there will be any attitude or indication regarding the direction of interest rate policy.

Money managers expect the baht to fall early next week. Moves in the range of 34.90 -35.15 baht per dollar.

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