# K Research: Thai Baht to Strengthen Until Mid-Year, Then Weaken

> Kasikorn Research forecasts the baht will strengthen to around 31.00 and 30.70 per dollar in the first half of 2026. Gold prices above $5,500 an ounce and expected Fed rate cuts are the main drivers. The outlook projects a weaker baht in the second half.

- Date: 2026-01-31 · published 2026-01-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/21330-k-research-thai-baht-to-strengthen-until-mid-year-then-weaken
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht driven by gold flows and Fed expectations shifts the currency backdrop for Thai export margins. Feed buyers see little direct impact unless the baht trend affects Thai demand.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40061944

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.