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Bank of Thailand Governor Sethaput said the baht is moving in line with regional currencies and external factors are the main constraint on managing its volatility. The central bank will only curb excessive moves and urged the private sector to hedge.
The baht traded at 37.81 per dollar, about 11.7% weaker so far this year.
The baht's year-to-date slide keeps Thai dollar-priced feed import costs elevated, while the central bank's limited intervention means further swings are likely.
bangkokpost.comReutersOct 27, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
