# Bangkok Post - Baht tipped to strengthen after US rates peak

> SCB Chief Investment Office expects the baht to strengthen to 33-34 per dollar by end-2023 as the dollar may reverse after a final Fed hike expected in May. The baht traded near 35.15-35.38 per dollar amid capital outflows and is down 5.2% this year.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37583-bangkok-post-baht-tipped-to-strengthen-after-us-rates-peak
- 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 firmer baht lowers the local-currency cost of imported feed ingredients for Thailand but Thai demand for US commodities is driven mostly by dollar strength, so a weaker dollar later in the year would modestly support dollar-priced grain and meal.

## 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 | 2023-03-13 | [Bangkok Post - Baht surges amid US bank collapse](https://feedsoft.ai/events/37135-bangkok-post-baht-surges-amid-us-bank-collapse.md) | +0.3% | -1.6% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| 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/2517389/baht-tipped-to-strengthen-after-us-rates-peak

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