# SCB sees "the baht" moving at 32.55-32.85 baht today - Money & Banking Magazine

> Siam Commercial Bank's financial markets group expected the baht to trade between 32.55 and 32.85 per dollar on January 26, 2023. The dollar weakened as investors expected the Fed to slow rate hikes. US equities closed lower after weaker corporate earnings, and oil prices rose slightly.

- Date: 2023-01-26 · published 2023-01-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38063-scb-sees-the-baht-moving-at-32-55-32-85-baht-today-money-and-banking-magazine
- 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 softer dollar tends to lower the baht cost of imported feed ingredients. The daily range is a routine currency reading with little direct effect on grain or meal prices.

## Read by commodity

- DXY: bearish ▼
- USDTHB: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-18 | [KBANK assesses that 20-24 Nov. the baht will move at the level of 34.80-35.50 - Money & Banking Magazine](https://feedsoft.ai/events/33442-kbank-assesses-that-20-24-nov-the-baht-will-move-at-the-level-of-34-80-35-50.md) | -0.6% | -0.8% |
| DXY | 2023-01-23 | [SCB CIO sees the "baht" reaching 33-34 baht/US dollar at the end of the year. Recommends foreign investment to prevent exchange rate risk - Money & Banking Magazine](https://feedsoft.ai/events/38067-scb-cio-sees-the-baht-reaching-33-34-baht-us-dollar-at-the-end-of-the-year.md) | -0.4% | +1.0% |
| DXY | 2025-04-22 | [SCB FM points out that the baht is strengthening rapidly, watch for short-term depreciation from Tariffs, expecting the MPC to cut interest rates - Money & Banking Magazine](https://feedsoft.ai/events/25394-scb-fm-points-out-that-the-baht-is-strengthening-rapidly-watch-for-short-term.md) | +0.3% | +0.1% |
| DXY | 2022-12-14 | [Krungthai reveals baht this morning "Appreciated" to 34.58 baht/dollar on news of US inflation being slower than expected - Money & Banking Magazine](https://feedsoft.ai/events/38471-krungthai-reveals-baht-this-morning-appreciated-to-34-58-baht-dollar-on-news-of.md) | +0.2% | -2.0% |
| DXY | 2023-01-13 | [Krungthai reveals the value of the baht opening this morning. “Appreciated” 33.10 baht per dollar US inflation slows as the market expects - Money & Banking Magazine](https://feedsoft.ai/events/38068-krungthai-reveals-the-value-of-the-baht-opening-this-morning-appreciated-33-10.md) | -0.1% | +0.6% |

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/21146/

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