Kasikornbank sees baht at 25 in two years
Baht has appreciated more than any Asian currency except Japanese yen
- Published: 29/10/2010 at 11:30 PM
- Online news: Economics
The Kasikornbank research unit forecasts the Thai baht will reach 28 baht per US dollar next year and keep rising to hit 25 baht within two years.
Wiwan Tharahirunchote, executive chairman of the research unit, said the baht will keep rising next year in line with the weakening dollar, foreign capital inflows and the country's trade surplus.
The baht has appreciated by 10.3 per cent to 29.95 to the dollar for the year to date, the second highest among Asian currencies behind the yen.
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- Writer: POST REPORTERS
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