# Bangkok Post - Baht surges amid US bank collapse

> The baht rose on March 13 against a sharp fall in the US dollar after the collapse of Silicon Valley Bank and expectations that the Fed would slow rate hikes. The article notes the baht had appreciated and the currency was expected to move sideways.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37135-bangkok-post-baht-surges-amid-us-bank-collapse
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The baht's rise against the dollar lowers the local cost of imported feed ingredients in Thailand, with little effect on world feed prices.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-24 | [Bangkok Post - Baht set to rise further amid US worries](https://feedsoft.ai/events/18173-bangkok-post-baht-set-to-rise-further-amid-us-worries.md) | +0.6% | +1.1% |
| DXY | 2024-09-23 | [Bangkok Post - Baht at 19-month high against US dollar](https://feedsoft.ai/events/28597-bangkok-post-baht-at-19-month-high-against-us-dollar.md) | -0.2% | +2.5% |
| DXY | 2023-02-28 | [Bangkok Post - Baht tipped to strengthen after US rates peak](https://feedsoft.ai/events/37583-bangkok-post-baht-tipped-to-strengthen-after-us-rates-peak.md) | -0.7% | -0.9% |
| DXY | 2019-01-24 | [Bangkok Post - BoT: Baht climbs as greenback slips](https://feedsoft.ai/events/61345-bangkok-post-bot-baht-climbs-as-greenback-slips.md) | -0.4% | -0.3% |
| DXY | 2025-08-14 | [Bangkok Post - Analysts expect baht to test 32 as US dollar weakens further](https://feedsoft.ai/events/23577-bangkok-post-analysts-expect-baht-to-test-32-as-us-dollar-weakens-further.md) | +0.5% | -0.1% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2527176/baht-surges-amid-us-bank-collapse

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