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Baht poised to weaken further
Bangkok Post
|May 14, 2025
Currency could dip to 33.80 per dollar
The baht is expected to depreciate to around 33.80 against the US dollar this week, driven by a firmer green-back following the temporary pause in the US-China tariff war.
However, the Thai currency is expected to remain volatile.
Roong Sanguanruang, senior vice-president for global markets planning at Bank of Ayudhya (Krungsri), said the bank expects the baht to depreciate to a range of 33.00-33.80 per dollar this week due to heightened uncertainties.
On Monday, the US and China agreed to reduce tariffs on each other for a 90-day period, which supported gains in both the dollar and the yuan.
This story is from the May 14, 2025 edition of Bangkok Post.
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