Thai Baht hits 2-month high at 32.80 per USD on Aug 20, 2026

Thansettakij•Economy•6d ago

Reader Briefing

The Thai Baht strengthened to 32.80 per US Dollar on August 20, 2026, marking its strongest level in two months.

•The Thai Baht reached 32.80 per US Dollar on August 20, 2026.
•The US Treasury increased its long-term government bond buyback limit from 2,000 million USD to at least 4,000 million USD.
•Kasikorn Research Center expects the Baht to move within a range of 32.75-32.95 per US Dollar for the day.
•The US Dollar index fell below the 99 level.

•The Thai Baht touched 32.80 per US Dollar on August 20, 2026, the strongest level in 2 months, before stabilizing at 32.85-32.87 per US Dollar as of 08.50.
•The strengthening of the Thai Baht was supported by a weakening US Dollar and rising global gold prices.
•The US Treasury announced an increase in the buyback size of long-term government bonds, specifically those aged 10-20 and 20-30 years.
•The US Treasury's bond buyback changes will take effect from September 9 to November 4.
•Following the US Treasury announcement, the 10-year US government bond yield dropped 6 basis points to 4.65%, and the 30-year yield dropped 9 basis points to 5.19%.
•Gold exporters in Thailand may sell US Dollars to exchange for Thai Baht when global gold prices rise, further supporting the Thai Baht.
•Kasikorn Research Center suggests monitoring foreign investor fund flows, the situation in the Middle East, and US economic data including weekly jobless claims and the Federal Reserve Bank of Philadelphia's August business outlook survey.

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Kasikorn Research Center(ศูนย์วิจัยกสิกรไทย)

An organization that provides exchange rate analysis and forecasts for the Thai Baht.

US Treasury(กระทรวงการคลังสหรัฐ)ℹ️

The US government body that announced an increase in the size of long-term government bond buybacks.

Federal Reserve Bank of Philadelphia(ธนาคารกลางสหรัฐ (เฟด) สาขาฟิลาเดลเฟีย)ℹ️

The US central bank branch that conducts the August business outlook survey.

Middle East(ตะวันออกกลาง)ℹ️

A region whose situation may affect the demand for safe-haven assets.