SCB FM Sets Baht Exchange Rate Range for February at 31.40–31.90, Predicts Medium-Term Strengthening

SCB Financial Markets predicts the Thai baht may move sideways in the 31.40-31.90 range per dollar in February, with potential for continued medium-term strengthening. On February 5th, Patrick Pulia, Senior Executive Vice President of SCB's Financial Markets Function, revealed that the baht experienced high volatility in January, strongly influenced by international factors, including gold price increases, signals of a weaker dollar, and improved global market confidence. Key factors affecting the baht include gold price movements, potential central bank interventions, and upcoming political developments such as the Thai election.