Thai baht market conditions: opened at 34.68, depreciated from yesterday. Enter today’s frame 34.50-34.80

A money manager from Bank of Ayudhya revealed that the baht opened this morning at 34.68 baht / dollar, depreciating since closing yesterday evening at 34.58 baht / dollar.

This morning, the baht depreciated against the end of the market. Because last night the dollar strengthened against all currencies. After the report was released the results of the United States Federal Reserve (Fed) meeting revealed that some Federal officials still support a rate hike of 0.50% in the next session.

money manager Thai baht movement today is estimated at 34.50 – 34.80 baht/dollar. Today, the Japanese market is closed. Tonight, we need to monitor the number of weekly unemployment claims. and US Q4/2022 Gross Domestic Product (GDP).

THAI BAHT FIX 3M (February 22) was at 1.29779%, while THAI BAHT FIX 6M was at 1.58705%.

  • an important factor

  • The yen was at 134.75 ¥/dollar from 134.92 ¥/dollar last night.
  • The euro was at $1.0618/euro from $1.0641 last night.
  • Exchange rate Thai baht / dollar Weighted average between the BOT banks. At a level of 34.645 baht / dollar
  • “Jurin” explained that the World Chinese Business Conference (WCEC) attracted 4,000 investors, expecting money to flow 400-500 million baht.

Secretly hopes to increase investment in new targeted industries in Thailand 40,000-50,000 million baht

  • NESDB pointed out that the direction of the economy depends on politics and general elections. Help each other maintain the atmosphere to prevent violent conflict.

because it affects the decision to invest in foreign countries The private side approves the election. Let’s set up a new government quickly. hoping for a new round of stimulating policies

The amount of money for elections has reached one hundred thousand million baht.

  • “Amazon” reveals the number of “digital skills” that help boost Thailand’s GDP, rising to 930 billion baht a year, noting that 80% of Thai organizations employ

Employees with higher digital skills earn higher annual revenue. While people with digital skills will have more opportunities to promote jobs than people with normal skills, ready to open 10

New technologies have future employment consequences.

  • The US Federal Reserve (Fed) released the minutes of its daily meeting on January 31 – February 1, stating that the Fed board had

Concerns about inflation remaining above the Fed’s target of 2% and the labor market remaining very tight. For this reason, the Fed

Continue to raise interest rates until there is assurance that inflation is maintained down to the target level of 2%.

It takes some time.

  • The US dollar strengthened against major currencies in trading on the New York Stock Exchange on Wednesday (February 22).

After the United States Federal Reserve (Fed) released the minutes of the meeting, indicating that Most Fed committees support the Fed board moving forward.

raising interest rates to curb inflation

  • New York gold futures closed slightly lower on Wednesday (February 22) before the Federal Reserve released its report.

meeting, with the gold market closed for trading before the Federal Reserve publishes the minutes of its January 31-February 1 meeting.

  • Investors are keeping an eye on US economic data. Today, the number of weekly unemployment benefits will be revealed and

Gross Domestic Product (GDP) Q4/2022 (2nd Estimate)

Personal Consumption (PCE) January, New Home Sales January and the February consumer confidence index from the University of Michigan.


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