Home Business Thai baht exchange rate closed the domestic market. “Depreciated” at 31.97 baht/dollar.

Thai baht exchange rate closed the domestic market. “Depreciated” at 31.97 baht/dollar.

by news dir

The baht exchange rate closed the market “weaker”, facing selling pressure amid concerns about curbing the Covid-19 outbreak in the country and buying the dollar. Near the end of the month (end of the quarter)

The Thai baht exchange rate closed the domestic market at 31.97 baht per US dollar. “Depreciated” from the previous week’s closing level at 31.77 baht per dollar.

Kasikorn Research Center It said the baht exchange rate faced selling pressure amid concerns about curbing the COVID-19 outbreak in the country and buying pressure on the dollar. Near the end of the month/end of the quarter, however, the baht’s depreciation remained consistent with most Asian currencies. while the dollar Still benefiting from the current forecast about the timing of the Fed’s monetary policy tightening may occur in the future.

For the investment status of foreign investors today Foreign investors sold net Thai shares for 1,258.66 million baht, but bought net Thai bonds for 3,305 million baht.

As for the average of Indicative forward points of three-month transactions from the data of 10 banks for entrepreneurs earning 50-200 million baht per year, the data is reported at 10.00 a.m. on June 28, 2021. The Bank of Thailand is at -1.27 for exporters (Selling dollars in advance) and at 2.68 for importers. (buy US dollars in advance)

As for the baht movement frame tomorrow, it is expected at 31.75-32.10 baht per dollar. The key factor to monitor is the situation of the COVID-19 outbreak in the country, Fed officials said. And the US economic numbers include the April home price index. and the Consumer Confidence Index in June

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