The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He said the baht tends to fluctuate according to the Covid-19 situation in the country. Also, foreigners have been selling their Thai assets, especially stocks.

Poon explained that the Thai currency would come under pressure if investors sell more than THB3 billion a day.