Baht will continue to appreciate, NESDB says | Bangkok Post: business

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NESDB: Baht will remain strong

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There is a strong likelihood the baht will continue to appreciate in value throughout the rest of the year, Arkom Tempitayapaisit, secretary-general of the National Economic and Social Development Board (NESDB), said on Tuesday. 

This is because the United States, countries in Europe, and Japan are likely to continue implementing  quantitative easing measures, which will result in capital inflow to countries in the Asian region with good economic fundamentals, including Thailand, he said.

Mr Arkom believed the US dollar will further weaken, strengthening the baht in the second, third and fourth quarters of the year.

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