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The baht opened at 34.20 per dollar on July 21, down from the prior close of 33.99. Krungthai Bank cited continued dollar strength, risk appetite in markets, gold buying, and ongoing political instability in Thailand.
A weaker baht raises the local cost of dollar-priced feed ingredient imports into Thailand. The move is routine and has little effect on global feed prices.
en.moneyandbanking.co.thbank financeJul 21, 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.
