The baht reached a 10-month high against the dollar in November. (Photo by Seksan Rojjanametakul)
The baht’s value is anticipated to surge past the 30-per-dollar mark next year driven by Thailand’s huge current account surplus and the US’s ultra-loose monetary policy, says Bank of Ayudhya (BAY).
The local currency’s value is forecast to hover between 29.50-30.50 baht per US dollar, with an appreciation bias expected throughout every quarter of 2021, said Tak Bunnag, head of global markets group at BAY.
The baht is expected to appreciate to 30 baht per dollar in the first quarter before strengthening to 29.75 in the second quarter, according to BAY. The local currency’s value is forecast to…
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