- Analytics
- News and Tools
- Market News
- USD/THB: BoT to allow a decline towards 31.00 or even lower – Credit Suisse
USD/THB: BoT to allow a decline towards 31.00 or even lower – Credit Suisse
The Bank of Thailand (BoT) will not sound the alarm over baht strength until USD/THB nears the 31.00 level or lower, in the view of economists at Credit Suisse.
There is still much further potential for growth to Thai tourism
“The Thai government has been relatively fast in easing restrictions on the movement of people in 2022, and we think increased demand from abroad for Thai tourism services will put appreciation pressure on the Thai baht.”
“Despite headwinds from a hawkish Fed, we think USD/THB will trade lower towards 32.00, with no intervention from the BoT until USD/THB reaches 31.00 or lower.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
