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The Bank of Thailand said the baht has been volatile in 2023, with a volatility of 6.5% that ranks third in the region after South Korea and Japan. It said most of the baht's moves come from external factors, including global rate hikes and geopolitical risks, and that it would step in only if fluctuations became unusually large.
Central bank commentary signals limited intervention, so baht volatility will continue to follow global dollar moves and affect dollar-priced feed import costs for Thai buyers. The effect on feed commodity prices is small.
en.moneyandbanking.co.thbank financeJun 27, 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.
