THB/USD (THBUSD=X)

Thailand's baht forecasted to strengthen, spurring economic growth

Economic strategists anticipate a potential resurgence of Thailand's national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:SCGLY) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end of 2023.