# Thai baht finds its groove: Depreciation rate takes a dip | Thaiger

> The Bank of Thailand's financial markets director said the baht's depreciation slowed in April, falling 1.7% against the dollar versus 2.2% for the won. The baht had hit 37 per dollar, its weakest in six and a half months. He expects the baht to recover in the second half as the economy improves.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/30572-thai-baht-finds-its-groove-depreciation-rate-takes-a-dip-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A slower baht depreciation would ease the cost of imported feed inputs for Thai producers. The global commodity impact is negligible.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- thethaiger.com: https://thethaiger.com/news/business/thai-bahts-depreciation-slows-recovery-expected-in-h2

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