Kasikorn predicts Thai baht to fluctuate around 30.9-31.2 per dollar this week

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BANGKOK, 1 July 2013 Kasikorn Research Center (KRC) has predicted that the baht will fluctuate within the range of 30.90-31.20 baht per US dollar this week. he KRC revealed today that there is a possibility that the Thai baht will fluctuate between 30.90 and 31.20 baht against the greenback this week, while stressing that foreign capital movements, economic figures in the US, and purchasing managers indexes (PMI) in other countries must continue to be monitored.

The PMI are economic indicators derived from a monthly survey of private companies to find out how well the manufacturing sector in each country is doing. The indexes will be announced in the beginning of this month.