# The baht opened at 34.20 baht/dollar, depreciating from the strong dollar - Thai politics is still unstable - Money & Banking Magazine

> 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.

- Date: 2023-07-21 · published 2023-07-21T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35303-the-baht-opened-at-34-20-baht-dollar-depreciating-from-the-strong-dollar-thai
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/51021/

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