Baht could rise to Bt30 per dollar

Montree Socatiyanurak of National Institute of Development Administration (NIDA) anticipated that the baht could strengthen to Bt30 per dollar, due to rising demand in Thai baht on the back of stronger economy.

He suggested the authorities let the baht move freely, unless there are signs of speculation.

Montree also foresaw an increase in foreign direct investment following the revocation of the measure, said Montree Socatiyanurak of National Institute of Development Administration.

He foresaw the more active trading in the stock exchange, as the revocation would send a psychological impact on foreign investors. He noted that so far, foreign inflows to the exchange are mainly those from the US, to cash in on the cheap stock prices. While Thai companies' price-to-earning ratio is 10-12 times, the US companies' is around 20 and regional companies' at 15 times.

The revocation would also indicate the more stable foreign exchange rates as the difference in the offshore and onshore level is narrower, sending the clearer picture to importers and exporters.

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Baht could rise to Bt30 per dollar

Montree Socatiyanurak of National Institute of Development Administration (NIDA) anticipated that the baht could strengthen to Bt30 per dollar, due to rising demand in Thai baht on the back of stronger economy.

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