# The value of the baht opened this morning at 36.93 baht/dollar - Money & Banking Magazine

> The baht opened at 36.93 per dollar on April 24, stronger than the prior close of 37.07. The move followed weaker-than-expected US PMI data, which raised bets on two Fed cuts this year. Foreign analysts had revised their baht forecasts to weaken to 37.50-38 per dollar in the second and third quarters.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31032-the-value-of-the-baht-opened-this-morning-at-36-93-baht-dollar-money-and
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expectations for Fed easing shape dollar strength, which in turn sets the local cost of imported feed ingredients priced in dollars. The move is a routine daily FX update with no direct commodity impact.

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2024/103350/

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