Thai baht market conditions: opened at 34.46, slightly appreciated along the regional direction. expected frame today

A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 34.46 baht / dollar, appreciating from the close. Friday night market at 34.60 baht / dollar, the baht appreciates against the end of the market. Because last Friday (February 17), an official at the United States Federal Reserve (Fed) came out to make comments. The next meeting will support an interest rate increase of 0.25%, not support an interest rate increase of 0.50%. As a result, the baht was valued like most regional currencies.

money manager Estimate the movement of the baht today at 34.30 – 34.60 baht / dollar Today the US market is closed. Big picture, the market is waiting for the minutes of the Fed meeting this Wednesday (22 February).

THAI BAHT FIX 3M (Feb 17) was at 1.28575%, while THAI BAHT FIX 6M was at 1.61779%.

The latest SPOT is 34.36250 baht / dollar.

  • an important factor

  • The yen was 134.47 yen/dollar from 134.81 yen/dollar on Friday night.
  • The euro was at $1.0676 from Friday night at $1.0645.
  • Exchange rate Thai baht / dollar Weighted average between the BOT banks. At a level of 34.541 baht / dollar
  • “Treasury” shows revenue collection results for the first 4 months of fiscal year 2023, soaring 836 billion baht, which is higher than the target of 91 billion.

baht, the virtue of corporate income tax boom extortion clarify the loan to compensate for the deficit of 247 billion baht, ready to show the 338 billion baht of Wufu treasury balance

  • “Krungthai” expects Thailand’s economy to grow continuously in 2023, beating GDP at 3.4%, benefiting from a strong tourism recovery. Concerns about exports have collapsed

Assessment after the global economy is weak

  • NESDB was worried about the “Russia-Ukraine” war, the second year, expanding to other regions noting that the conflict has started to spread closer to Thailand

NESDB assesses that 1 year has a big impact on the world It is expected that it will not end easily Encourage exporters to adapt to cope Fear of the use of nuclear weapons by Russia on the side of the “Bank of Nations” clearly identified

The impact on the Thai economy is still minimal.

  • The People’s Bank of China (PBOC) held the main one-year customer loan rate (LPR) at 3.65%.

The 5-year LPR interest rate is at 4.30% today, in line with analyst expectations.

  • The Conference Board said its Leading Economic Index (LEI) was down 0.3% last month.

January In line with analyst expectations. after falling 0.8% in December.

  • The Federal Reserve Bank of Atlanta released its latest GDPNow forecast model showing just that

The US economy grew by 2.5% in the first quarter of 2023.

  • Goldman Sachs and Bank of America expect the Fed to raise interest rates three more times this year, one at a time.


As for the traders, they expect the Fed can raise interest rates at least two more times and the Fed rate is expected to touch It peaked at 5.3% in July. As the Fed tries to cool the economy and reduce inflation,

  • Investors are worried about the Fed’s monetary policy. after the Fed governor said The Fed needs to keep raising interest rates.

Until there is progress in dealing with inflation.

  • Important US economic numbers this week include used home sales. new home sales and inflation as measured by the index

January SNP/Core SNP Price Index. Consumer Confidence Index and Inflation Expectations in February. G number

4Q22 PI (preliminary) and weekly jobless claims Including the minutes of the Fed meeting held on January 31-1


  • Investors will be keeping an eye on Fed officials’ statements. Including the disclosure of the minutes of the Fed meeting on January 31 –

February 1 to look for signs of the direction of Fed interest rates.


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