# USD/THB Nears 34: Why Is the Thai Baht So Weak in 2026?

> EBC Financial Group explains that the baht is weak in 2026 because of a 250-275 basis point US rate advantage, higher oil costs and a weaker trade position. USD/THB reached 33.640 on July 20, its highest level of the year, and is nearing 34.00.

- Date: 2026-08-01 · published 2026-08-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/18618-usd-thb-nears-34-why-is-the-thai-baht-so-weak-in-2026
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil costs and a weaker baht raise Thailand's import costs for feed ingredients, which can weigh on local demand for imported commodities.

## Read by commodity

- BRENT: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-17 | [USD/THB: BofA raises Thailand baht forecast on oil shock, tourism weakness By Investing.com](https://feedsoft.ai/events/20444-usd-thb-bofa-raises-thailand-baht-forecast-on-oil-shock-tourism-weakness-by.md) | +1.2% | +5.4% |
| BRENT | 2026-10-27 | [Thai Baht Outlook: Why Oil and Gold Outweigh Inflows](https://feedsoft.ai/events/17307-thai-baht-outlook-why-oil-and-gold-outweigh-inflows.md) | -3.8% | — |
| 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 | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2026-03-26 | [THB USD: Thailand's Baht May Extend Falls on Exposure to Oil Shock - Bloomberg](https://feedsoft.ai/events/20439-thb-usd-thailand-s-baht-may-extend-falls-on-exposure-to-oil-shock-bloomberg.md) | +4.1% | +3.3% |

## Sources

- ebc.com: https://www.ebc.com/forex/usd-thb-baht-weakness-rate-gap-2026

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