The challenges to the baht remain, notwithstanding the falling intensity of the pandemic in Thailand. USD/THB is expected to trade at 32.50 by the end of 2020, according to analysts at ANZ Bank. Key quotes “The World Tourism Organisation expects the global tourist flows to fall 60-80% this year, envisaging a tepid recovery only in Q4. Being Asia’s tourism hotspot, Thailand could face disproportionately greater economic pain. In addition, slower world growth is set to weigh on exports, worsening the downside risks to the currency.” “Thailand’s economy is headed for a historic growth slump in 2020 and the external sector will be a major contributor to the decline. We expect USD/THB to weaken to 33.0 by Q3, falling to 32.5 by year-end.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: Durable Goods Orders plunged by 17.2% in April vs. -19% expected FX Street 3 years The challenges to the baht remain, notwithstanding the falling intensity of the pandemic in Thailand. USD/THB is expected to trade at 32.50 by the end of 2020, according to analysts at ANZ Bank. Key quotes “The World Tourism Organisation expects the global tourist flows to fall 60-80% this year, envisaging a tepid recovery only in Q4. Being Asia’s tourism hotspot, Thailand could face disproportionately greater economic pain. In addition, slower world growth is set to weigh on exports, worsening the downside risks to the currency.” “Thailand’s economy is headed for a historic growth slump in 2020 and the external sector… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
