# The declining value of the baht: What does it mean for Thailand? | Thai PBS World

> The Thai baht fell below 37 per dollar to a six-month low, down 7-8% so far this year. The Japanese yen and Indonesian rupiah also weakened, and Indonesia raised its policy rate by 25 basis points to 6.25% on April 24. The Bank of Thailand said it was watching the currency closely.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31025-the-declining-value-of-the-baht-what-does-it-mean-for-thailand-thai-pbs-world
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht and rupiah raise the local-currency cost of imported feed ingredients in Southeast Asia, which can push up feed costs in the region. The drivers are firm US rates and the strong dollar rather than a direct supply shock.

## Sources

- thaipbsworld.com: https://www.thaipbsworld.com/analysis/the-declining-value-of-the-baht-what-does-it-mean-for-thailand

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