Hot News
Baht will continue to remain strong throughout 2020

The Thai baht will continue to maintain its strength for the rest of 2020. It will remain strong, propelled by the increased surpluses in the Thai current account and the country’s trade balance.
Kobsidthi Silpachai, KBank’s head of capital markets research, predicts that the Thai baht will float around 29.75 against the US dollar for the first half of 2020, and then appreciate to 29.25 at the end of the year, said
Reuters report that the Thai baht was Asia’s star-performance currency during 2019, rising by more than 7% against the greenback.
The baht continued to leverage off the country’s massive current account surplus over 2019, rising inflows of tourism revenue and the near-record foreign reserves – all this despite subdued local economic growth. The foreign reserves made the Thai baht the go-to currency for investors with with its ‘safe haven’ reputation for actual investment or speculation.
Thailand’s current account surplus totalled $33.2 billion as of last November, accounting for 5.3% of GDP, according to the Bangkok Post. The country’s trade surplus with the US was $19 billion for last year. Thailand’s GDP growth is forecast to be around 2.7% this year.
An adjustment to ease loan-to-value (LTV) regulations is not forecast to massively rev up sagging property sales as the purchasing power of Thais is being tempered by elevated household debt – some 79% of GDP.
The Bank of Thailand eased the tightened LTV rules governing mortgage lending which shortens the minimum debt-servicing period for first mortgages required for those seeking a second loan for homes priced below 10 million baht.
SOURCE: Bangkok Post
Get more from The Thaiger
Join the conversation and have your say on Thailand news published on The Thaiger.
Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.
Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.
- Press Room3 days ago
Thailand Covid insurance for Thailand Pass
- Education4 days ago
Why you should study Thai to explore Thailand
- South2 days ago
UPDATE: Cafe serves drinks in “penis” bags in southern Thailand
- Central Thailand2 days ago
UPDATE: French woman dies riding bicycle in central Thailand
- 360 Reviews4 hours ago
Amazing Floating Hotels in Thailand for 2022
- Central Thailand2 days ago
French woman dies riding bicycle in central Thailand
- Leisure3 days ago
Make your dream vacation at these 5 grandest luxury villas in Phuket
- North East4 days ago
Thai cult’s food products tested – feces, bacteria and mould detected
stephen cooke
Thursday, August 20, 2020 at 1:52 pm
wrong!!
Stephen Westrip
Tuesday, September 15, 2020 at 2:19 pm
Fancy updating this article now we are in the grip of a pandemic?
Gareth Thomas Relph
Thursday, September 24, 2020 at 6:43 am
What’s the real reason?
stephen cooke
Tuesday, November 17, 2020 at 3:25 pm
just shows even when pandemic hits baht stays strong! Why?????? Good for economy ? No. Good for foreign investnments ? yes. Tourism? No. Exports ? No. Thai people? No. BoT. ? maybe.