Try GOLD - Free
Baht expected to skim 34.50 per dollar
Bangkok Post
|April 04, 2025
The baht is expected to test a low of around 34.50 per US dollar over the near term amid heightened risk aversion following US announce-ment of reciprocal tariffs of 37% on Thai imports.
The baht hit its weakest level in 2.5 months yesterday, reaching 34.38 per dollar in trade mainly attributed to the impact of tariffs.
During yesterday's trade, the baht tested 34.44 per dollar, the same level recorded when US president Donald Trump was sworn into office, said Kanjana Chockpisansin, head of banking and financial sector research at Kasikorn Research Center.
With the US imposing a 37% recip-rocal tariff on Thai imports -- sig-nificantly higher than the expected range of 10-25% -- the baht is likely to depreciate against the greenback, she said, weakening investor senti-ment and contributing to a risk-off investment environment.
This story is from the April 04, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
WHERE THE STRUGGLE BEGINS
Palestine 36 is one of the most talked-about films at the Tokyo International Film Festival
5 mins
November 04, 2025
Bangkok Post
Regional banks struggle with personalisation
FICO survey reveals 'segment of one' customer experiences are a challenge
1 mins
November 04, 2025
Bangkok Post
Bills outlast Chiefs, Colts fall to Steelers
Josh Allen ran for two touchdowns and threw for another to spark the Buffalo Bills over Kansas City 28-21 on Sunday while the NFLbest Indianapolis Colts were upset at Pittsburgh.
2 mins
November 04, 2025
Bangkok Post
Bayern face acid test at rolling PSG
Bayern Munich's trip to holders Paris Saint-Germain in the Champions League tonight is a test to determine where they stand among the European elite this season.
2 mins
November 04, 2025
Bangkok Post
Pine Wealth touts lure of alternative investments
Pine Wealth Solutions Securities is highlighting alternative investments such as structured products as the next major investment trend, suggesting this is a strategically suitable move to help investors weather increasing volatility and stretched valuations in global markets.
1 mins
November 04, 2025
Bangkok Post
Raids 'not to harm SMEs'
The Public Health Ministry insisted last week's raids on four unauthorised sites producing Hong Thai inhalers were not intended to undermine smalland medium-sized enterprises, saying the operation was based on public health concerns.
1 min
November 04, 2025
Bangkok Post
Luxury condos experience growth as Bangkok demand surges
Despite the global economic slowdown, Bangkok's ultra-luxury condo market continues to grow, fuelled by sustained demand from Thailand's wealthy elite and foreign investors, according to property consultancy Colliers Thailand.
2 mins
November 04, 2025
Bangkok Post
ExxonMobil: EU law could cause exit from Europe
US energy giant ExxonMobil will not be able to continue doing business in the European Union if the bloc does not significantly loosen a sustainability law that would penalise companies with fines of 5% of global revenue, Chief Executive Darren Woods said yesterday.
1 mins
November 04, 2025
Bangkok Post
Dept monitors polio outbreak in Laos
The government is closely monitoring an outbreak of a rare strain of polio in Savannakhet province, Laos, in an effort to prevent cross-border transmission into the country through border provinces in the Northeast.
1 min
November 04, 2025
Bangkok Post
Milan deny Roma top spot in Italy
Strahinja Pavlovic scored the only goal as AC Milan edged Roma 1-0 to prevent the capital club from taking top spot in Serie A on Sunday, while Inter Milan needed a late own goal to beat Verona.
2 mins
November 04, 2025
Listen
Translate
Change font size