SCB Financial Markets expects the baht to be at 36.80-37.05 baht/dollar today.

Financial Market Group Siam Commercial Bank Evaluate the value of the baht today (24 April 2024), moving in the range of 36.80-37.05 baht/dollar.

As for the baht, the value of the baht strengthened following the weakening of the US dollar index. and US Treasury yields that decreased after the US Purchasing Managers’ Index (PMI) came out at 50.9, lower than expected at 52.0, lower than expected in both the manufacturing and service sectors.

The euro and pound strengthened against the US dollar after European PMI numbers came out better than expected, especially in the services sector. Germany has returned to expansion.

As for domestic factors Mr. Settha Thaweesin The Prime Minister asks for cooperation from commercial banks in reducing interest rates, even though the Bank of Thailand (BoT) has not yet reduced the policy interest rate.