Newsletter

Thai baht market conditions: closed 32.55, strengthening in the region – waiting for new factors expected tomorrow

A treasury manager from the Bank of Ayudhya revealed that the baht closed this evening at 32.55 baht/dollar, appreciated from the opening. The market this morning was at 32.63/65 baht/dollar, with the baht moving in the range of 32.52 – 32.69 baht/dollar during the day.

Today, the baht is strengthening. This is in line with other regional currencies because the US dollar weaken Today, the market is still waiting to see new factors that will come in more.

Today there has been no more tense news about the conflict between Russia and Ukraine. So the US dollar will depreciate and wait for new factors,” said a money manager.

For the factor to be monitored tonight is the February manufacturing index from the US Institute of Supply Management (ISM) and during this period, the Russian conflict situation must be monitored. and Ukraine next

money manager Assessing the movement of the baht tomorrow at 32.50 – 32.70 baht / dollar

  • important factor

  • The yen was at 114.78 yen/dollar from the morning’s 115.19 yen/dollar.
  • The euro was at $1.1195/euro from $1.1206/07 in the morning.
  • The SET index closed today at 1,694.28 points, up 9.10 points (+0.54%), trading value 91,815 million baht.
  • Group Trading Volume Summary Foreigners buy net 3,901.75 million baht (SET+MAI)
  • Prime Minister and Minister of Defense Referring to the situation between Russia and Ukraine If the dire situation continues

The impact must be dealt with first. is the economy trade and investment There are many things that have the same chain economy. by yesterday called

urgent meeting with Deputy Prime Minister To prepare these measures according to the crises and the assumptions laid out at 3 levels together, which today are

In step 1, step 2 and step 3, all relevant ministries must prepare measures.

  • Bank of Ayudhya (BAY) reported that the outbreak of the Omicron virus. dragging down the recovery of the Thai economy in the beginning

years, while the conflict between Russia and Ukraine As a result, Thai inflation was higher than expected.

  • The Council of Shippers of Thailand (NSTDA) has made a preliminary assessment if the Russian-Ukrainian conflict does not expand.

More than this and there is a resolution within 3 months. Thai exports are expected to grow this year by 5%.

  • Minister of Tourism and Sports It is expected that this year there will be a total of 500,000 tourists from the Middle East arriving in Thailand.

It is estimated that 2 hundred thousand Saudi tourists are after Thailand – Saudi Arabia. Started flights from Saudi Arabia Come to Thailand today is the first day. as a result of

that the Thai government traveled to connect the relationship in January past

  • The Bank of Thailand (BOT) reported the Business Confidence Index in February 2022 at 47.8, adjusted.

It was slightly up from 47.2 the previous month. due to allowing foreign tourists to travel to Thailand via Test & Go again

Since February 1, 65, the confidence index of the non-manufacturing sector has increased. especially the hotel and restaurant business that belief

Order and service confidence has improved greatly.

  • The Stock Exchange of Thailand (SET) is preparing to set up a Thai digital asset trading center.

Exchange (TDX)), which has successfully developed the Oen API Interface system. and is waiting for a license to operate

still as SET plans to launch TDX service in 3Q22

  • The Central Bank of the Philippines (BSP) will continue its accommodative monetary policy. because it is expected that inflation will continue

at a controllable level and the global and domestic economic growth situation remains uncertain. due to the Russia-Ukraine crisis

  • The Reserve Bank of Australia (RBA) held its policy rate unchanged at 0.1%, the lowest level ever recorded.

Meeting today amid the uncertain global economic situation because of the Russian military invasion of Ukraine