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Analysts at Ebury and Societe Generale expect the Thai baht to rally to 34 per dollar by year-end, more than 5% stronger than current levels. The view rests on growth measures announced by new Prime Minister Srettha Thavisin, and Krungsri Securities says a stable baht would support sovereign debt and local stocks.
A firmer baht would lower Thai import costs for dollar-priced feed ingredients, supporting purchasing power. The forecast is an analyst view and does not by itself change supply or demand.
bloomberg.comMatthew Burgess, Karl Lester YapOct 1, 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.
