Foreign funds drive baht gains, market rallyContinuous foreign fund inflows into both stock and bond markets following the Feb 8 election are likely to push the baht to appreciate beyond 31 against the US dollar, as Thailand's political uncertainties have eased, pundits say. According to Kasikorn Research Center (K-Research), Thailand's bond market attracted 53.4 billion baht worth of foreign inflows since the start of the year to Feb 9, while 31.4 billion baht flowed into the Stock Exchange of Thailand (SET) over the period. On Monday alone, the SET attracted 16.5 billion baht in foreign funds, while bond purchases totalled 3.13 billion baht. "We are observing capital inflows into the Thai financial market, and we expect capital flows to continue into emerging market Asia, with Thailand among the beneficiaries of this trend," Mr Wachirawat noted. Strong foreign fund inflows drove the SET's daily trading value to more than 100 billion baht for the second consecutive day on Tuesday, double last week's daily average of 50 billion baht.

Source: Bangkok Post February 10, 2026 22:58 UTC