KBANK Baht Forecast Oct 19-23 69

MGR Online•Economy•41m ago

Reader Briefing

Kasikornbank forecasts the Thai Baht to move between 33.00 and 33.80 per US Dollar from October 19-23, 69.

•Kasikornbank projects the Thai Baht range at 33.00-33.80 per US Dollar for October 19-23, 69.
•The Thai Baht closed at 33.50 per US Dollar on Thursday, October 15.
•Factors influencing the currency include Middle East tensions, global oil and gold prices, and foreign fund flows.

•Kasikornbank expects the Thai Baht to fluctuate between 33.00-33.80 per US Dollar from October 19-23, 69.
•The Thai Baht closed at 33.50 per US Dollar on Thursday, October 15.
•The Thai Baht and other Asian currencies weakened early in the week due to tensions between the Houthis and Saudi Arabia and attacks on oil tankers near the Strait of Hormuz.
•Tensions near the Strait of Hormuz increased concerns over global energy supply security and pushed oil prices higher.
•The Thai Baht recovered and gradually strengthened later in the week due to foreign fund net buying in the Thai bond market and a strong recovery in global gold prices.
•Kasikornbank identifies key factors to monitor as the Middle East situation, global oil and gold prices, and foreign investor fund flow signals.
•Important US economic data to monitor includes housing starts, pending home sales for September, preliminary PMI, October consumer confidence, and weekly jobless claims.
•Other foreign economic data to monitor includes China's Q3/2026 GDP and September economic data, LPR rates, inflation in the UK and Japan, and preliminary October PMI for Japan, the UK, and the Eurozone.

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Kasikornbank(ธนาคารกสิกรไทย)ℹ️

An organization that provides currency forecasts and identifies economic factors to monitor.

Houthis(ฮูตี)ℹ️

A group involved in tensions with Saudi Arabia.

Saudi Arabia(ซาอุดีอาระเบีย)ℹ️

A country involved in tensions with the Houthis.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location near where oil tanker attacks occurred.

Middle East(ตะวันออกกลาง)ℹ️

A region whose situation is a key factor to monitor.

USA(สหรัฐฯ)ℹ️

A country whose economic data including housing and PMI are being monitored.

China(จีน)ℹ️

A country whose Q3/2026 GDP and September economic data are being monitored.

UK(อังกฤษ)ℹ️

A country whose September inflation and October PMI are being monitored.

Japan(ญี่ปุ่น)ℹ️

A country whose September inflation and October PMI are being monitored.

Eurozone(ยูโรโซน)ℹ️

A region whose preliminary October PMI is being monitored.