The baht slipped 0.2 percent this week to 34.67, according to data compiled by Bloomberg. It dropped to 34.86 to the US dollar on Friday, its lowest level since Aug. 23 last year, when it traded at 35.79. The baht will drop to 36 by the end of the year, Yetsenga said.
South Korea’s won rose for the first week in seven as stock gains and intervention signs outweighed speculation that overseas investors will dump the nation’s assets.
The won rose 0.8 percent this week to 1,109.05 per US dollar, according to Seoul Money Brokerage Services Ltd.
Elsewhere in the week, the Malaysian ringgit rose 0.5 percent to 3.4435 and the Singapore dollar gained 0.2 percent to S$1.4356. Vietnam’s dong gained 0.1 percent to 16,580.
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