This morning (October 3, 2023), the baht opened at 37.07 baht per dollar. By devaluing the baht this time. It is considered the weakest in the Asian region.
Because foreign investors Analysis of Thai bonds that will decrease in value in the future As a result, Thai bonds were sold and money brought back to the country.
The reason why Thai bonds have decreased in value is because US interest rates are higher. Rising US 10-year bond yields to fight inflation and the uncertainty of the Thai government’s digital money distribution policy.
The baht is the weakest in the region. It also caused the Thai stock market to plummet below the important support level of 1461 points, causing money to flow out of risky assets such as stocks. Enter safe assets
From the economic problems of Thailand and around the world at this time We must be more cautious about our finances. And must continue to follow the government’s measures to solve economic problems.
