Bank of Ayudhya, which markets itself as Krungsri, predicts the baht will be more volatile amid several uncertainties both internal and external.
The baht is expected to move in a range of 33.50-36.25 to the US dollar in the third quarter this year, depending on the movement of the US federal funds rate, said Roong Sanguanruang, senior vice-president for global markets and research.
The monetary policy direction of the US Federal Reserve will be a key factor affecting the baht as well as other currencies worldwide.
Krungsri predicts the Fed will either keep its rate unchanged or hike it once by a quarter percentage point for this cycle.
Last month the bank expected…
