Baht to Trade Between 32.30-33.00 as Markets Eye Rate Decision

Kasikornbank, a leading Thai bank, has predicted that the Thai baht will trade between 32.30 and 33.00 baht per US dollar from August 24 to 28.

The prediction comes as markets are closely watching Thailand's rate decision, US data, and the Jackson Hole meeting.

Last week, the baht strengthened after weaker-than-expected US economic data raised expectations that the Federal Reserve may not rush to raise interest rates at upcoming meetings.

The baht also received support from Thailand's second-quarter 2026 economic growth, which slowed less than analysts had expected.