Baht set to rise until end of 2021
EIC says appreciation hampers recovery
The baht’s appreciation is poised to continue until year-end 2021 as a result of the weaker US dollar and Thailand’s current account surplus, with an export recovery potentially tempered by the strong local currency, says a research house.
The baht’s value against the greenback is forecast in a range of 29.50-30.50 at the end of next year, according to the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank.
External factors contributing to the firmer baht include the weaker dollar, a larger US…
