# Thai baht climbs as Asian currencies gain on weak US dollar

> The Thai baht rose as much as 1.6% to 34.43 per dollar on March 13 as the dollar slid after the collapse of Silicon Valley Bank. Regional currencies including the Philippine peso and Malaysian ringgit also strengthened.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger baht lowers Thai import costs for feed ingredients, while the dollar weakness is mildly supportive for dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-29 | [Asian Currencies Climb As US Dollar Feels The Heat - Finimize](https://feedsoft.ai/events/25388-asian-currencies-climb-as-us-dollar-feels-the-heat-finimize.md) | -0.4% | -0.9% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2019-04-29 | [Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah In Review](https://feedsoft.ai/events/59826-asian-currencies-thai-baht-singapore-dollar-turkish-lira-indonesian-rupiah-in.md) | -0.2% | +0.5% |
| DXY | 2018-01-25 | [Dollar weakness a double-edged sword for Asian currencies](https://feedsoft.ai/events/67222-dollar-weakness-a-double-edged-sword-for-asian-currencies.md) | -0.3% | +0.7% |
| DXY | 2024-07-31 | [Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize](https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar.md) | -0.5% | -1.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40231064/1000

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