# Bangkok Post - Will the Thai Baht Decline Further in 2024?

> The baht has dropped about 7% since late September and is likely to keep depreciating, according to the article. Drivers include expected Trump tariffs, Bank of Thailand intervention earlier in the year, and volatile gold and oil prices. The Asian Development Bank cut its Thai growth forecast on weaker government spending and exports.

- Date: 2024-11-19 · published 2024-11-19T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/27692-bangkok-post-will-the-thai-baht-decline-further-in-2024
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weaker Thai exports and a softer baht raise dollar-based feed import costs for Thailand. The effect on global feed commodity prices is small.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/thailand/pr/2904858/will-the-thai-baht-decline-further-in-2024-

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