Free Trial

Baht Cracks Through Key THB32 Level


Spot USD/THB has pierced the psychological THB32.000 figure amid a broader baht rout, printing best levels since mid-May 2020. The combination of tighter restrictions in Bangkok and the spectre of continued political unrest in the country has been cited as a factor sapping strength from the baht.

  • USD/THB last seen +0.080 at THB32.035. Topside focus moves to the 76.4% recovery of the Apr 2, 2020 - Dec 18, 2020 sell-off at THB32.370.
  • 1-month implied vol reached its highest point in more than three weeks and last sits at 5.2300%.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.