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KBank Forecasts Thai Baht to Reach 34 Per Dollar Next Week

KBank Forecasts Thai Baht to Reach 34 Per Dollar Next Week

Thansettakij•Economy•48m ago

Reader Briefing

Kasikornbank predicts the Thai Baht will fluctuate between 33.30 and 34.00 per US Dollar from November 16-20, 2026.

  • •The Thai Baht reached 33.92 per US Dollar, its weakest level in 19 months.
  • •Kasikornbank forecasts the Baht to move in the range of 33.30-34.00 per US Dollar during November 16-20, 2026.
  • •Depreciation was driven by Middle East tensions, rising oil prices, and a stronger US Dollar.
  • •US Consumer Price Index (CPI) data came in higher than market expectations.

Overview

  • •The Thai Baht reached 33.92 per US Dollar, marking the weakest level in 19 months.
  • •The Thai Baht weakened due to rising global oil prices following statements by Donald Trump regarding Iran.
  • •The US Dollar strengthened due to rising US government bond yields and higher than expected US Consumer Price Index (CPI) data.
  • •Market expectations suggest the Federal Reserve may raise interest rates for the remainder of the year and into next year.
  • •Kasikornbank estimates the Thai Baht will fluctuate between 33.30 and 34.00 per US Dollar from November 16-20, 2026.
  • •Market observers are monitoring Q3/2026 GDP figures for Thailand and Japan.
  • •Key upcoming data includes US retail sales for October, preliminary US consumer confidence for November, and FOMC Minutes on October 27-28, 2026.
  • •The market is awaiting October inflation data from the UK and Eurozone, as well as China's October economic data and Loan Prime Rate (LPR) announcement.

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Key Entities

Organization

Kasikornbank(กสิกรไทย)ℹ️
A bank that provided the analysis and forecast for the Thai Baht exchange rate.
Federal Reserve(เฟด)ℹ️
The US central bank whose interest rate decisions and official statements affect the US Dollar.

Place

Middle East(ตะวันออกกลาง)ℹ️
A region where tensions are putting pressure on the Thai Baht and oil prices.
Iran(อิหร่าน)ℹ️
A country mentioned in the context of US military operations and agreements.
United States(สหรัฐฯ)ℹ️
A country whose bond yields, inflation data, and economic reports are influencing currency movements.
Japan(ญี่ปุ่น)ℹ️
A country whose Q3/2026 GDP figures are a key factor for the market to monitor.
United Kingdom(อังกฤษ)ℹ️
A country whose October inflation data is a factor affecting currency values.
Eurozone(ยูโรโซน)ℹ️
A region whose October inflation data is a factor affecting currency values.
China(จีน)ℹ️
A country whose October economic data and Loan Prime Rate announcement are key market indicators.
Thailand(ไทย)ℹ️
A country whose Q3/2026 GDP figures are a key factor for the market to monitor.

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️
The President of the United States whose statements on Iran impacted oil prices and the Thai Baht.