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The Bank of Thailand said it was closely watching the baht, which fell to an 11-month low of 37.095 per dollar as it depreciated along with regional peers. The central bank said it was ready to act against irregular moves.
Thai officials said a weaker baht could support exports and tourism, and the Stock Exchange of Thailand fell to its lowest level since January 2021.
A weaker baht raises the cost of dollar-priced feed imports for Thailand, and possible central bank intervention could limit the move.
bangkokpost.comReutersOct 3, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
