KBANK Forecasts Baht 33.30-33.90 for July 20-24

MGR Online•Economy•1d ago

Reader Briefing

Kasikornbank predicts the Thai Baht will fluctuate between 33.30 and 33.90 Baht per Dollar from July 20 to 24.

•Kasikornbank expects the Baht to move within 33.30-33.90 Baht/Dollar during July 20-24.
•The Baht hit a 14.5-month low of 33.64 Baht/Dollar due to falling global gold prices.
•Market expectations suggest the US Federal Reserve will maintain tight monetary policy to curb inflation risks.
•Key upcoming factors include the European Central Bank meeting, foreign fund flows, and the situation in the Middle East.

•Kasikornbank forecasts the Thai Baht movement for July 20-24 at the level of 33.30-33.90 Baht/Dollar.
•The Thai Baht weakened in the early part of the previous week, aligning with most Asian currencies.
•The US Dollar strengthened as global oil prices rose amid risks of a prolonged war in the Middle East following reports of clashes between the United States and Iran since July 11.
•The Thai Baht reached a 14.5-month low of 33.64 Baht/Dollar as global gold prices fell below 4,000 Dollars per ounce.
•Positive US economic data, including retail sales and unemployment claims, supported the US Dollar and expectations that the Federal Reserve will keep monetary policy tight.
•The Thai Baht closed at 33.63 Baht/Dollar on Friday, July 17, 2026.
•Key factors to monitor include the European Central Bank meeting results, foreign fund flows, and the Middle East situation.
•Markets are awaiting China's LPR interest rate, June inflation data from the UK and Japan, and July PMI data for Japan, the UK, and the Eurozone.

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Kasikornbank(ธนาคารกสิกรไทย)ℹ️

The organization providing the currency forecast for the Thai Baht.

European Central Bank(ECB)ℹ️

The central bank whose meeting results are a key factor to monitor.

Federal Reserve(เฟด)ℹ️

The central bank of the United States expected to maintain tight monetary policy to curb inflation.

People's Bank of China(ธนาคารกลางจีน)ℹ️

The organization that will announce the LPR interest rate.

Middle East(ตะวันออกกลาง)ℹ️

A region where the ongoing situation and war risks are impacting currency and oil prices.

United States(สหรัฐฯ)ℹ️

A country involved in clashes with Iran and whose economic data supports the US Dollar.

Iran(อิหร่าน)ℹ️

A country reported to have continuous clashes with the United States since July 11.

United Kingdom(อังกฤษ)ℹ️

A country whose June inflation and July PMI data are being monitored.

Japan(ญี่ปุ่น)ℹ️

A country whose June inflation and July PMI data are being monitored.

Eurozone(ยูโรโซน)ℹ️

A region whose July PMI data is being monitored.