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Kasikorn Bank's Kobsidthi Silpachai predicts the baht will rebound in the second half of 2021 as the vaccine rollout proceeds and foreign tourists return in the last quarter. Thailand has run a negative current account balance since November 2020.
He expects the baht to break back through 30 per dollar toward the end of the year.
A stronger baht later in 2021 would lower baht-denominated costs for dollar-priced feed imports. The forecast depends on tourism and vaccine progress, so it is a medium-term view.
thaiexaminer.comJoseph O' ConnorMay 26, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
