Baht projected to weaken following poor economic figuresAn employee counts bundles of 1,000-baht banknotes at a gold shop in Yaowarat, Bangkok's Chinatown. BofA Global Research said the baht consolidated recently as equity outflows stabilised before turning to small net inflows in February. "The baht is exposed to rising freight costs, as this could add to import bills," the research noted. BofA projects the currency to trade at 36 baht to the greenback by the end of the first quarter. "That would likely result in lower baht volatility in the second half of the year and appreciation from current levels," noted the research.

Source: Bangkok Post March 01, 2024 09:58 UTC