# Bangkok Post - Baht at 19-month high against US dollar

> The baht surged to a 19-month high against the dollar, opening at 32.92 per dollar on Monday after breaching the 33 level. The move followed the Federal Reserve's 50 basis point rate cut and profit-taking in gold.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/28597-bangkok-post-baht-at-19-month-high-against-us-dollar
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer baht following Fed easing reduces dollar-denominated import costs for Thailand but cuts exporter margins, with minimal direct effect on feed grain prices.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2024-08-26 | [Thai baht hits 13-month high against dollar on economic hopes - Nikkei Asia](https://feedsoft.ai/events/29095-thai-baht-hits-13-month-high-against-dollar-on-economic-hopes-nikkei-asia.md) | +0.7% | -0.0% |
| DXY | 2023-08-28 | [Dollar index dips, briefly hits 9-month high against yen](https://feedsoft.ai/events/34857-dollar-index-dips-briefly-hits-9-month-high-against-yen.md) | +0.2% | +1.3% |
| DXY | 2024-08-26 | [Ringgit hits 28-month high against US dollar as Fed says its time to adjust policy](https://feedsoft.ai/events/29075-ringgit-hits-28-month-high-against-us-dollar-as-fed-says-its-time-to-adjust.md) | +0.7% | -0.0% |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2870852/baht-at-19-month-high-against-us-dollar

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