Thailand’s (BOT) target range of 1-4 percent. At the same time, core inflation was 0.45 percent. The Baht appreciated with an average exchange rate of 30.70 THB/USD compared with 31.58 THB/USD in the previous
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quarter of 2019 continued to expand driven mainly by domestic demands. Private consumption expanded in all categories supported by the improvement in purchasing power from the rise in farm and non-farm
finance cost, and a net FX gain. It declined -8.2% QoQ from lower foreign exchange gain. Market and Competitive Environment Thai economy exhibited signs of further recovery in 1Q23 due to the improvements
than in 2017 which mainly supported by acceleration of global economy growth. Moreover, expansion in private consumption, export growth, and private investment from last year was due to higher consumer