A treasury manager from the Bank of Ayudhya revealed that the baht opened at 32.17 baht/dollar, close to 32.18 baht/dollar on Friday evening.
The baht is still volatile during this period. They are stronger than other regional currencies. During this period, the main factor that the market is mainly watching is tension. stress in Ukraine that might lead to conflicts between Russia and the West
while domestic factors Today, the market is following the NESDB’s 4Q21 GDP report, which the market is expected to grow by 0.7%, as well as to see how the NESDB will give its perspective on the Thai economic outlook in 65.
“The baht is quite volatile. quite a regional park But the appreciation is expected to begin to be limited. because before The baht has appreciated quite a lot. What the market is keeping an eye on besides the Fed is the situation in Ukraine,” the treasury said.
Treasury managers expect the baht to move in the range of 32.10 – 32.25 baht/dollar.
THAI BAHT FIX 3M (18 Feb) is at 0.43441% while THAI BAHT FIX 6M is at 0.51242%.
- important factor
- The yen was at 115.03 yen/dollar from Friday evening at 115.16 yen/dollar.
- The euro was $1.1329/euro from $1.1371 Friday evening.
- Baht/dollar exchange rate The BOT’s interbank weighted average stood at 32.147 baht/dollar.
- Office of the National Economic and Social Development Council (NESDB) announced the gross domestic product (GDP) Q4/64,
Year ’64 and the outlook for ’65
- Bank of Thailand (BOT) announces the operating results of the commercial banking system in 2021
- Government spokesman clarified the project “half each person, phase 4”, the prime minister is satisfied, pushing the economic turnover of more than 36 billion baht.
Top up money for people to spend to buy essential products. Emphasis on creating sustainability era.
- Investors are still worried regarding Ukraine’s situation. The Russian-sponsored separatist group has sent civilians out of
A region in eastern Ukraine where fighting for asylum to Russia was fought. which is another situation in the conflict that Western nations believe that Russia
The plan was to use it as a pretext for the invasion of Ukraine. Russia has denied the allegations. and stated that Western nations are trying to create
frightened
- The Commissioner for Internal Affairs of the European Union (EU) made the remarks at a security meeting in Munich on Friday (Ge. 18).
Wed) that the EU accepts cryptocurrencies such as bitcoin or digital euros. but first and foremost to strengthen regulatory
fraud prevention
- Foreign news agencies reported that the Kremlin has confirmed that President Vladimir Putin of Russia and
President Emmanuel France’s Macron They will discuss by phone on Sunday (Feb 20) amid rising tensions.
regarding the Ukrainian situation
- The market continues to be pressured by expectations that The US Federal Reserve (Fed) will raise interest rates at its March meeting.
The New York Fed President John Williams said: It is appropriate for the Fed to raise interest rates in March.
- The president of the US Federal Reserve (Fed) will give a statement to Congress on March 2-3, which may be his opinion.
His last public was on monetary policy. Before the Fed started raising interest rates to stem inflation from rising to highs
in many decades
- President Joe Biden said Friday (Feb. 18) that the United States would continue to expand its enforcement of emergency measures nationwide.
From March 1, due to COVID-19 Still a public health risk
- US economic numbers The important thing this week is the February Consumer Confidence Index. new home sales Fixed purchase order
Endure sales contracts pending closing sales personal income/spending and inflation as measured by the PCE/Core PCE Price Indices.
Jan. 4Q21 GDP figures and weekly unemployment claims
