A Bank of Ayudhya money manager revealed that the baht opened this morning’s market at 33.64 baht/dollar, appreciating from Friday night’s close at 34.04 baht/dollar.
The baht strengthened this morning as did regional currencies Why US economic data, including jobs numbers and the ISM services sector index, came in lower than expected last Friday evening. Causing US bond yields to fall as the market believes the US Federal Reserve (Fed) is likely to raise interest rates at a slower pace.
Because the factor that needs to be monitored in this period is the number of Chinese tourists who will enter Thailand. After China announced the opening of the country from January 8, at the same time, the flow of capital must also be monitored.
money manager Today, the baht is expected to trade between 33.50 and 33.80 baht/dollar.
THAI BAHT FIX 3M (Jan 6) was at 1.26074%, while THAI BAHT FIX 6M was at 1.61382%.
- important factor
- The yen was 131.94 yen/dollar from 133.53 yen/dollar on Friday night.
- The euro was at $1.0656 from Friday night at $1.0527.
- Thai baht/dollar exchange rate The interbank weighted average of the BOT was 33.993 baht/dollar.
- China reopened the country from January 8, 2023, after three years of closure due to the spread of COVID-19.
Tourists can travel by land and water, crossing China and Hong Kong without having to go into quarantine. such a movement considered the end
China’s ZERO-Covid policy, which aims to protect the country from COVID-19
- Thailand is ready to welcome China to open the country “Anutin” leads the delegation of 3 ministries to welcome 286 mainland tourists by air.
From “Xiamen” to “Suvarnabhumi”, moving forward to create a facility to care for long-term tourists
- The regional director of East Asia, Tourism Authority of Thailand (TAT) revealed that TAT is preparing to organize a road show to promote
Sales in China during the third week of February 2023 in 3 major cities: Shanghai, Guangzhou and Chengdu, the main travel operators.
Traveled from both the Thai and Chinese sides to meet and negotiate business together, a total of 120 people, consisting of 60 Thai and 60 Chinese to prepare.
Thailand Travel Packages Offer sales to Chinese tourists as individual tour groups (FIT) and prepare group tour sales when the government
China has allowed
- The private tourism sector “TAT-Thai Hotel Association” highlights the great problems and challenges of the Thai tourism industry in 2023, accelerating the recovery.
Supply, volume of international flights, manpower, promotion of new points of sale City of seminars, retirement, food, outdoor sports
World-class, accepting the demand of foreign tourists Big treasure, “China” is back, it is hoped that the total number of visits to Thailand will exceed 30 million people, supporting the engine through the monsoon factors
Remove, wake up the Thai economy
- Keep an eye on real estate in the year 2023. There are both opportunities and risks. The “interest cost price” on the uptrend affects the business, buying decisions on the big side
Corp. “Origin-Sansiri-Ananda” Confident in Positive Signs “Tourism Revitalizes – China Comes Back,” Thai Real Estate Hope Stimulates Demand Growth Increase Purchasing Power in
The country announced to go ahead with the opening of new projects.
- The Labor Department said nonfarm payrolls rose 223,000 in December, a higher-than-expected figure.
Analysts had expected 200,000 jobs, but workers’ average hourly wages rose 0.3% month-on-month.
That slowed from 0.6% in November and fell short of analyst expectations by 0.4%.
- The US dollar fell sharply against major currencies in trading on the New York Stock Exchange on Friday.
Jan) because investors expect the US Federal Reserve (Fed) to slow as interest rates rise. after the nonfarm payrolls report
Including the US service sector index. Indicates that inflation has passed its peak.
- Most investors expect that The US Federal Reserve (Fed) will raise interest rates by just 0.25% at its March 31 meeting.
January – February 1, after the US revealed higher-than-expected jobs numbers outside the agriculture sector. But the average hourly wage of workers, which
It’s the information the Fed pays attention to for signs of inflation. came out lower than expected This indicates that inflation has passed its peak.
- US Economic Data Of note this week are the Small Business Sentiment Index for December,
November wholesale inventories, weekly number of jobless claims, December consumer price index (CPI), prime price
Import and Export Dec. and the preliminary consumer confidence index for January
