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Thai Baht hits 2-week high at 30 baht/USD

Thai Baht hits 2-week high at 30 baht/USD

Khaosod•Economy•1d ago

Reader Briefing

The Thai Baht reached its strongest point in two weeks, trading at 30.93 baht per US dollar, driven by gold price recovery and foreign investor confidence post-election.

  • •The Thai Baht strengthened to 30.93 baht per US dollar, its highest in two weeks.
  • •This appreciation is attributed to the rebound in global gold prices and increased foreign investment in Thai stocks and bonds.
  • •Foreign investors showed net buying of Thai stocks and bonds totaling 32.8 billion baht in the three days following the general election of 2026.
  • •The Thai stock market index rose significantly, with average daily trading value increasing by 46.40%.

Overview

  • •The Thai Baht reached its strongest point in two weeks on February 20, 2026, trading at 30.93 Baht per US Dollar.
  • •The Thai Baht strengthened due to the recovery of global gold prices and being in excess of 5,000 US Dollars per ounce.
  • •Foreign investors exhibited net buying of Thai stocks and bonds during the week of February 16-20, 2026, following the election.
  • •Foreign investors bought a net total of 32.8 billion baht in Thai stocks and bonds from February 9-11, 2026.
  • •The Thai stock market index rose by 5.64% during the week after the election, driven by foreign and domestic institutional investor buying.
  • •The market's assessment of a stable government formation after the general election of 2026 boosted investor confidence.
  • •The Kasikorn Research Center projected a trading range for the Thai Baht between 30.70-31.50 Baht per US Dollar for the week of February 16-20, 2026.
  • •Key economic data from the US, Japan, the UK, and the Eurozone are to be monitored, along with domestic GDP figures for Q4/2025, and domestic political situations.

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Key Entities

Organization

Kasikorn Research Center(ศูนย์วิจัยกสิกรไทย)ℹ️
An economic research center that analyzed the Thai Baht's performance.

Person

Ms. Kanjana Chockpaiboon Arjarn(น.ส.กาญจนา โชคไพศาลศิลป์)
Manager of the Macroeconomic Research Department at Kasikorn Research Center, who provided analysis on the Thai Baht.