# Thai Baht (TBH USD) Set to Extend Drop Against US Dollar as Oil Prices Rise - Bloomberg

> The Thai baht hit 36.34 per dollar on September 20, 2023, its weakest since November. RBC Capital Markets forecast the currency would reach 37 by year-end as rising oil prices enlarge Thailand's energy import bill and government borrowing rises.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34376-thai-baht-tbh-usd-set-to-extend-drop-against-us-dollar-as-oil-prices-rise
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil costs and a weaker baht increase Thailand's import bill and the local cost of imported feed ingredients. The currency outlook is a forecast rather than a new supply or demand event.

## Read by commodity

- BRENT: bullish ▲
- USDTHB: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-09-20/worst-asian-currency-set-to-extend-drop-as-costly-crude-bites

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