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The baht reached a three-month low of around 35 per dollar, and Deputy Finance Minister Paopoom Rojanasakul said the level supports exports. He said he would prefer the currency at 34.50 to 35, and the baht has lost 2.8% against the dollar this year.
A weaker baht supports Thai exports but raises the local cost of dollar-priced feed imports. The move is a currency story with little direct effect on feed grain prices.
bangkokpost.comReuters, BloombergNov 14, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
