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Thai baht getting stronger

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PHOTO: xe.com

The Thai baht continues to strengthen, coming in at 31.41 against the US dollar. Nation Thailand reports that Jitipol Puksamatanan, Head of Markets Strategy at SCB Securities, predicts the currency will fluctuate between 31.35 and 31.85 against the US dollar, which continues to weaken.

Thai baht getting stronger | News by Thaiger Thai baht getting stronger | News by Thaiger Thai baht getting stronger | News by Thaiger

xe.com/currencyconverter

Meanwhile, the Standard & Poor 500 Index has dropped 0.6%, which is being blamed on disappointing company turnovers. The S&P500 assesses the performance of 500 large organisations listed on US stock exchanges. The Stoxx Europe 600, an index of European stocks, increased by 0.6%.

Jitipol says the Swiss franc has strengthened its position as a safe haven since late June, adding that investors will look to safe-haven currencies before any others in emerging markets.

SOURCE: Nation Thailand

 

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4 Comments

4 Comments

  1. payutdanluk

    Thursday, July 30, 2020 at 11:32 am

    thai bath lost 7% to euro in one month, i don’t understand how you think bath getting stronger !!

  2. Maverick

    Thursday, July 30, 2020 at 11:54 am

    It has only strengthened against a weakening dollar – it’s nearly 6% weaker against the UK Pound in July and has also weakened against SGD and MYR – very lazy headline

  3. rinky stingpiece

    Sunday, August 2, 2020 at 1:19 am

    It’s a bit premature… yes, we know the pound is massively undervalued against the dollar due to Brexit, and we know that the Baht is strong, and the Thai economy is on a precipice, but it hasn’t happened yet… the Baht is a proxy for the USD, and that’s what to watch.

  4. G-reg

    Wednesday, March 31, 2021 at 3:51 pm

    Please enlighten as to how the baht is gaining ground against the USD when $1 xe @ 29.85bt recently and today is $1 xe @ 31.25bt?

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