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Thai Baht Market Conditions: Baht Ends Year Appreciating at 34.51 | RYT9

A money manager from Bank of Ayudhya revealed that the baht closed tonight at 34.51 baht/dollar, appreciating the opening. Market in the morning at 34.57 baht / dollar, during the day the baht moved within the range of 34.51 – 34.61 baht / dollar.

The baht ended the market at its strongest level of the day, with quite large inflows today. by foreign investors buying net ​​in the market About 13,000 million baht in Thai bonds helped the baht to appreciate. Regarding the factor that is considered the opening of the city of China In the medium to long term, it should be beneficial to the recovery of tourism. and the Thai economy

“Mostly the last day of the year. The number of transactions should be some large flows coming in, which could drag the baht to appreciate quite quickly. Because the transactions are also thin,” said the money manager.

money manager Estimates the movement of the baht on Tuesday at 34.40 – 34.65 baht / dollar. Follow up next week, like the manufacturing index in December. by the US Institute of Supply Management (ISM).

SETTING THE THAI BATH SPOT RATE is 34.5382 baht / dollar.

  • an important factor

  • The Yen was at 131.83 yen/dollar from the morning level of 132.43 yen/dollar.
  • The euro was at $1.0673 from an early session of $1.0661.
  • Thailand’s business sector prepares to welcome Chinese tourists After the Chinese government announced the opening of the country, inbound and outbound tourists

Chinese tourists accounted for almost a third of the total number of tourists who traveled to Thailand during the pre-COVID period. which tends to return

of Chinese tourists Thailand’s business sector hopes will help boost tourism.

  • US President Joe Biden signs the $1.66 trillion 2023 federal budget into law.

dollars by this bill. It also includes $45 billion in emergency aid for Ukraine. who faced the invasion of Russ

Zia

  • India is set to reintroduce rules requiring travelers from some Asian countries to test negative for COVID-19, including:

To China and Thailand Amid fears over the number of people infected with COVID-19 soaring in China After the new government announced the cancellation of the enforcement of the cattle policy

The vids have gone to zero recently.

  • Key US economic data next week include the final manufacturing Purchasing Managers’ Index (PMI) for December, consumption

November Construction Pay, November Job Openings and Labor Turnover (JOLTS), Board

The Federal Reserve monetary policy (FOMC) releases the minutes of its meeting, the weekly number of jobless claims,

Private sector payroll numbers for December from ADP, and the balance of imports, exports and trade for November.