Bank Casikorn Looking at the movement of the baht between January 2 and 6, 2023, it will be at the level of 34.00-34.80 baht/dollar since the market close on Friday December 30, 2022 at the level of 34.56 baht/dollar by Important factor to watch includes the inflation rate in December. Thailand’s 65 Foreign Capital Directorate China’s Covid Situation Asian Currency Movements Including Important US Economic Numbers
For the big picture in 2022, the baht has weakened by about 3.3% to 34.56 baht per dollar (as of December 30, 2022) from the end of 2021 to 33.41 baht per dollar. The pressure on the depreciation of the baht has been mainly in the first 10 months of 2022, mainly from the appreciation of the US dollar. in accordance with the direction of tightening monetary policy by accelerating the Fed’s interest rate hike. 2022 after the Fed began to signal a slowdown in the magnitude of the rate hike. Also, there is further support from the hope that China will gradually open up the country.
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