Saturday, June 12, 2021

business

Baht weakens, likely to fluctuate


The baht opened at 31.13 to the US dollar on Thursday, weakening from its previous close of 31.11 on Wednesday.

The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He said the baht tends to fluctuate according to the Covid-19 situation in the country. Also, foreigners have been selling their Thai assets, especially stocks.

Poon explained that the Thai currency would come under pressure if investors sell more than THB3 billion a day.

Published : May 06, 2021

By : The Nation