# BoT reveals the baht is the 3rd most volatile in the region, aims to open the way for overseas investment of 10 million USD - Money & Banking Magazine

> 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.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35751-bot-reveals-the-baht-is-the-3rd-most-volatile-in-the-region-aims-to-open-the
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/46659/

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