# Thai baht's future forecast: Dollar domination looms on the horizon | Thaiger

> Kasikorn Research projects the baht could fall to 37 per dollar over the coming year, linked to a weak Thai economy and delayed U.S. rate cuts. Q4 2023 GDP grew 1.7% year-on-year, and government growth estimates for 2023 were cut to 1.9%. K-Research also lowered its 2024 growth forecast to 2.6%.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/31959-thai-baht-s-future-forecast-dollar-domination-looms-on-the-horizon-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A forecast of baht weakness toward 37 would raise the dollar cost of imported feed ingredients for Thai livestock and poultry producers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thethaiger.com: https://thethaiger.com/news/business/potential-baht-decline-due-to-faltering-thai-economy-and-delayed-us-rate-reductions

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