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Baht Strengthens Against Dollar as Gold Prices Rise: Market Update for April 24, 2024

However, the baht recovered towards the end of the market and strengthened beyond the level of 37.00 baht per dollar. It is expected that it could partially benefit from the increase in gold prices in the world market. For today’s fund flow direction Foreign investors net sold Thai bonds and stocked 2,038 million baht and 823 million baht, respectively.

Regarding the average indicative forward points of transactions over a period of 3 months for entrepreneurs with an income of 50-200 million baht per year, data reported at 10:00 am on April 24, 2024 from the BoT website was -27.86 for outgoing senders (sell US dollars in advance) and at -24.63 for importers (buy US dollars in advance)

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