According to the latest reports from a number of Thai media, at present, the exchange rate of the Thai baht against the US dollar has fallen below 37. On the morning of April 23, the exchange rate of the Thai baht against the US dollar was at 1:37.06, setting a record low in six months.
On April 22, Thailand's Ayutthaya Bank said on the trend of the Thai baht that it expects the exchange rate of the Thai baht against the US dollar to fluctuate between 36.65 and 37.25 this week.
Thai media said that the high interest rate policy in the United States has caused investors to abandon holding safe-haven assets such as the dollar and precious metals, and the yield of US Treasury bonds has soared and the dollar has strengthened. Affected by the strong US dollar, many Asian currencies have recently depreciated rapidly, and the Thai baht has continued to depreciate.
According to the Thai baht-yuan exchange rate data of Super Rich, a well-known foreign exchange company in Thailand, at 09:53 a.m. on April 23, the Thai baht buying exchange rate reached 5.080 and the selling exchange rate reached 5.100.
(Note: The exchange rate is subject to change, please refer to the real-time exchange rate)