The baht hit a 13- year high on Monday after the government revised up the gross domestic product growth projection for this year to 7.8 per cent, the third adjustment in six months.
The baht rose by 0.4 per cent to Bt 30.58 per U.S. dollar at 4 p.m. Bangkok time today, after touching a 13-year high of Bt 30.55 per U.S. dollar.
Funds inflows into stocks and bonds and encouraging Thai economic growth outlook pressured the baht to appreciate.The baht could appreciate to around Bt 30.20 / U.S. dollar by the end of this year, Satit Rungkasiri, head of the Finance Ministry's Fiscal Policy Office said today.
The Nation
