# US dollar’s weakness among reasons for strengthening baht, says BOT

> The Bank of Thailand attributed the baht's appreciation to a weaker US dollar and rising gold prices. It said it is monitoring the currency to limit effects on businesses, and the baht reached a 19-month high of 33.26 per dollar.

- Date: 2024-09-13 · published 2024-09-13T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/28599-us-dollar-s-weakness-among-reasons-for-strengthening-baht-says-bot
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency strength driven by dollar weakness lowers Thai import costs for feed ingredients but is a background factor with little direct price impact.

## Read by commodity

- DXY: bearish ▼
- USDTHB: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |
| DXY | 2020-12-09 | [Central bank blames rapidly weakening dollar for stronger baht](https://feedsoft.ai/events/49907-central-bank-blames-rapidly-weakening-dollar-for-stronger-baht.md) | -0.0% | -0.5% |
| DXY | 2023-11-28 | [Ringgit strengthens against US dollar amid weak US housing data \| Malay Mail](https://feedsoft.ai/events/33430-ringgit-strengthens-against-us-dollar-amid-weak-us-housing-data-malay-mail.md) | +0.2% | -1.1% |
| DXY | 2025-11-27 | [Mexican Peso Strengthens on Persistent Dollar Weakness - Forex News by FX Leaders](https://feedsoft.ai/events/22164-mexican-peso-strengthens-on-persistent-dollar-weakness-forex-news-by-fx-leaders.md) | -0.5% | -1.5% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40041451

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