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  1. #1
    Thailand Expat misskit's Avatar
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    Importers buy dollars as baht slides towards 32 to the greenback

    The baht opened at 31.93 to the US dollar on Tuesday, unchanged from Monday’s closing rate.


    The Thai currency is likely to move between 31.85 and 32.00 during the day, Krungthai Bank market strategist Poon Panichpibool said.


    He said the most important factor influencing the baht was the Covid-19 crisis in Thailand, and the vaccine distribution in the country.


    Poon predicted that importers would buy dollars at this time as the baht has weakening.


    He suggested that investors monitor if the baht weakens to 32 per US dollar. If the baht reaches that point, technically the currency will move further to 32.25 to 32.50, he adde


    Importers buy dollars as baht slides towards 32 to the greenback

  2. #2
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by misskit View Post
    He suggested that investors monitor if the baht weakens to 32 per US dollar. If the baht reaches that point, technically the currency will move further to 32.25 to 32.50, he added
    ...it's now (9:25pm) at 32.09...

  3. #3
    Thailand Expat
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    Quote Originally Posted by misskit View Post
    He suggested that investors monitor if the baht weakens to 32 per US dollar. If the baht reaches that point, technically the currency will move further to 32.25 to 32.50
    What, exactly, do these people mean by 'technically'? In my world it either moves or it doesn't move. Nothing technical about it. Or am I oversimplifying?

  4. #4
    Hangin' Around cyrille's Avatar
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    I've always taken that to mean 'But good luck trying to get that in an exchange booth'.

    Hope that helps.

  5. #5
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  6. #6
    Days Work Done! Norton's Avatar
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    32.05 to USD as we speak.

  7. #7
    Hangin' Around cyrille's Avatar
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    I have a sentimental attachment to 33.

  8. #8
    Thailand Expat misskit's Avatar
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    Baht feels the heat from Covid-19 situation

    The baht opened at 32.11 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.02.


    The Thai currency is likely to move between 32.05 and 32.20 during the day, Krungthai Bank market strategist Poon Panichpibool said.


    The most important factor influencing the direction of the baht is the Covid-19 situation in Thailand and in other countries, Poon pointed out.


    He added that the US economy is recovering and market players are tending to hold more dollars, leading to the US currency strengthening.


    Poon predicted that importers would buy dollars during this time as the baht weakens.


    Baht feels the heat from Covid-19 situation

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