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Baht Cracks Through Key THB32 Level

THB

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%.

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