# USD/THB could return to the low 33.00 level by year-end if the global risk backdrop holds up – Commerzbank — Octa

> Commerzbank economists say USD/THB could fall back to the low 33.00 level by year-end if the global risk backdrop holds. They expect the pair's 2023 high near 35.40 to act as near-term resistance. They base the view on Thailand's tourism rebound, with 25 million foreign arrivals projected for 2023 against 11.2 million in 2022.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/36224-usd-thb-could-return-to-the-low-33-00-level-by-year-end-if-the-global-risk
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A forecast for a stronger baht would lower the dollar cost of feed imports for Thai buyers. It is a bank forecast, not a new supply or demand shock.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1043537/

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