Implication
The results indicated that economic factor had negative relationships with exchange rates that
meant forward position (bought), balance of payment, and international reserve increased, then
exchange rates would decreased, but interest rates had no relationship with exchange rates. In addition,
the value Thai Baht appreciation would increase in economic factors. Therefore, economic factors which
should focus on forward position (bought), balance of payment, and international reserve which
impacting on exchange rates movement in order to prediction of exchange rates fluctuation.
ImplicationThe results indicated that economic factor had negative relationships with exchange rates that meant forward position (bought), balance of payment, and international reserve increased, then exchange rates would decreased, but interest rates had no relationship with exchange rates. In addition, the value Thai Baht appreciation would increase in economic factors. Therefore, economic factors which should focus on forward position (bought), balance of payment, and international reserve which impacting on exchange rates movement in order to prediction of exchange rates fluctuation.
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