# 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

> The baht opened at 33.10 per dollar on January 13, 2023, stronger than the prior close of 33.36. Krungthai attributed the move to a softer-than-expected US CPI report, which pushed bets toward a smaller Fed rate hike. WTI crude traded near $78 and Brent near $83.8 per barrel.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38068-krungthai-reveals-the-value-of-the-baht-opening-this-morning-appreciated-33-10
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a smaller Fed hike weaken the dollar and lower the baht cost of dollar-priced feed imports. The baht move is a routine market reading with modest direct effect on feed commodities.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-01-23 | [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 | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | +0.1% | +2.9% |
| DXY | 2020-06-10 | [Dollar slumps to three-month lows on Fed easing speculation - Markets - Business Recorder](https://feedsoft.ai/events/52808-dollar-slumps-to-three-month-lows-on-fed-easing-speculation-markets-business.md) | +0.8% | +0.8% |

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/18760/

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