Members kjun12 Posted July 21, 2022 Members Posted July 21, 2022 It sure has been a while since I have seen and gotten to enjoy this exchange rate. I love it!😃 Quote
reader Posted November 12, 2022 Author Posted November 12, 2022 Cross rates are showing signs of returning to the mean. After peaking just above 38, the USD has corrected to below 36 on declining US interest rate on the 10-year bond. Meanwhile, both the pound and Euro have retraced some lost ground. Although not too much should be read into short-term fluctuations, it could argue for future stabilization. Taken together with increased demand for the local currency, the worst may be behind it for the baht. Quote
reader Posted December 1, 2022 Author Posted December 1, 2022 From Thai News Agency Strongest Baht in 5 Months, Less Than B35/US Dollar BANGKOK, Dec 1 (TNA) – This morning the bath value appreciated to 34.97 baht against a US dollar, its strongest level in five months, compared to its close yesterday at 35.26 baht per dollar. Kanchana Chokpaisarnsilp, a research executive at Kasikorn Research Center, said Asian currencies including baht appreciated as US dollar weakened after Federal Reserve chairman Jerome Powell said interest rate increase could slow down in December. Poon Panichpibool, markets strategist at Krungthai Global Markets of Krungthai Bank, said players in the monetary market of the United States were less concerned about the interest rate increase by the Fed and fully exposed themselves to risks as Mr Powell agreed with other Fed officials to slow down the Fed’s rate hike. However, the Fed chairman insisted that the Fed would continue to raise its policy rate until it could control inflation. (TNA) ==================================== US / Baht 34.98 EURO / BHT 36.57 GBP / BHT 42.50 Quote
