# Baht set to decline again amid Mideast war

> Krungthai Global Markets expects the baht to keep weakening against the dollar, possibly to 34.00-34.40 this week, after it fell to a 14.5-month low of 33.64. The outlook cites renewed Middle East tensions, higher oil prices and a firmer dollar tied to Fed policy expectations.

- Date: 2026-08-01 · published 2026-08-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/18616-baht-set-to-decline-again-amid-mideast-war
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Oil-driven pressure on the baht raises Thailand's energy import bill and dollar demand, which can weigh on Thai buying power for imported feed and protein meal.

## Read by commodity

- BRENT: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-27 | [Thai Baht: Trade deficit fuels weakness against US dollar – MUFG](https://feedsoft.ai/events/17303-thai-baht-trade-deficit-fuels-weakness-against-us-dollar-mufg.md) | -3.8% | — |
| BRENT | 2017-12-04 | [Ringgit surges to 4.06 against dollar \| Malay Mail](https://feedsoft.ai/events/67748-ringgit-surges-to-4-06-against-dollar-malay-mail.md) | -0.6% | +4.0% |
| BRENT | 2022-04-26 | [Ukraine war to cause biggest price shock in 50 years - World Bank](https://feedsoft.ai/events/41883-ukraine-war-to-cause-biggest-price-shock-in-50-years-world-bank.md) | +7.1% | +13.4% |
| BRENT | 2026-05-19 | [Euro Near One-Month Low Amid Middle East Risks](https://feedsoft.ai/events/19475-euro-near-one-month-low-amid-middle-east-risks.md) | -11.6% | -30.3% |
| BRENT | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -3.8% | -6.0% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/3289139/baht-set-to-decline-again-amid-mideast-war

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.