The Thai baht opened and stabilized at 33.07 – 33.08 baht per US dollar this morning. Analysts expect the value to swing between 32.95 – 33.10 during the protests.
Financial analysts from Siam Commercial Bank (SCB) reported that the baht opened at 33.07 – 33.08 baht per US dollar today, similar to the closing value last Friday, before making a high at 33.10/11 baht per US dollar and later stabilizing.
The weakening baht has been attributed to the ongoing demonstrations by the PDRC’s attempt to immobilize Bangkok.
However, analysts have predicted a stronger baht if no violence erupts, adding that today’s value should swing around 32.95 – 33.10 baht per US dollar.
Bangkok Shutdown Social Media Stream
