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Bangkok Post
Bangkok Post
Business

DARK SECRETS: Baht freefall could hit 38 | Vintage Vibes

Amonp Chawla CIMBT US Federal Reserve Monetary Policy Inflation KBank United States US Dollar
A customer exchanges currency at a branch of Travelex in Bangkok.

Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy.

Kobsidthi Silpachai, head of capital markets research at Kasikornbank (KBank), predicts the baht will depreciate to a range of 36.50-38 against the greenback within the next month.

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