Post by account_disabled on Jan 9, 2024 7:24:57 GMT
Miss Kanyaphak Tantipipattanaphong Chairman of the Shippers Council of Thailand (RTA) announced the trend of Thai exports that NRCT adjusts export growth forecast for 2019 to -1-0% based on the assumption of a baht value of 33.0(±0.5) baht per US dollar. (Exchange rate as of June 30, 2019 = 30.765 baht per US dollar, moving in the range of 31.37-30.78 baht per US dollar. Risks that may be important obstacles include.
The fluctuation in the value of the Phone Number List baht has tended to strengthen rapidly over the past 7 percent (compared to the year-on-year or YoY period), which is inconsistent with the current economic situation. and uncertainty in the policy implementation to manage exchange rates of the Bank of Thailand (BoT) and the government sector, as well as support from external factors, the Federal Reserve (FED) and the European Central Bank (ECB) sending signals to reduce rates. Interest rates amidst economic uncertainty have resulted in the dollar weakening against major currencies.
This is reflected in the strengthening of the baht, which reduces the ability to compete in price. and commodities are affected by the strong baht.The trade war affects Thailand's key trading partners and competitors. In particular, the Chinese market, which is the supply market for many Thai products, has significantly reduced imports, such as electronics and equipment, electrical circuit boards, agricultural products, rice. Cassava and rubber As a result, Thai exports to China shrank.
The fluctuation in the value of the Phone Number List baht has tended to strengthen rapidly over the past 7 percent (compared to the year-on-year or YoY period), which is inconsistent with the current economic situation. and uncertainty in the policy implementation to manage exchange rates of the Bank of Thailand (BoT) and the government sector, as well as support from external factors, the Federal Reserve (FED) and the European Central Bank (ECB) sending signals to reduce rates. Interest rates amidst economic uncertainty have resulted in the dollar weakening against major currencies.
This is reflected in the strengthening of the baht, which reduces the ability to compete in price. and commodities are affected by the strong baht.The trade war affects Thailand's key trading partners and competitors. In particular, the Chinese market, which is the supply market for many Thai products, has significantly reduced imports, such as electronics and equipment, electrical circuit boards, agricultural products, rice. Cassava and rubber As a result, Thai exports to China shrank.