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Factors Determining Exchange Rates between Thai Baht and US Dollar as well as Thai Baht and Chinese Yuan under President Donald Trump's Administration |
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| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | Factors Determining Exchange Rates between Thai Baht and US Dollar as well as Thai Baht and Chinese Yuan under President Donald Trump's Administration |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2565 |
| Journal Title | Journal of Family Business and Management Studies |
| Journal Vol. | 14 |
| Journal No. | 2 |
| Page no. | 79-90 |
| Keyword | THB/USD, THB/CNY, Interest rate, Inflation rate, Foreign reserves, Net exports, President Trump |
| URL Website | www.fbmsjournal.com |
| Website title | fbmsjournal |
| ISSN | 2821-9643(online) |
| Abstract | The study of factors determining exchange rates between Thai baht and US dollar as well as Thai baht and Chinese yuan under president Donald Trump's administration collects monthly time series data of the THB/USD exchange rate, the THB/CNYexchange rate, interest rate, inflation rate, foreign reserves, and net exports during the period from January 2017 to December 2020. The results from multiple regression with ordinary least squared show that a change in the interest rate differentials has a statistically significant impact on not only a change in the THB/USD exchange rate but also a change in the THB/CNY exchange rate at 0.10 level. Moreover, the inflation rate differentials have a statistically significant association with a change in the THB/USD exchange rate at 0.10 level. Additionally, a change in foreign reserves is inversely related to a change in the THB/CNY exchange rate at 0.05 level. However, net exports have no significant effect on both changes in the THB/USD and THB/CNY exchange rates. |
