# Baht plummets to 26-year low against dollar

> The baht opened at 37.60 per dollar on October 10, weakening from Friday's close of 37.37 to a 26-year low. A Krungthai strategist expected a range of 37.50 to 37.75 for the day, with a risk of weakening toward 37.80 to 37.90 if risk-off sentiment persists. Concern over another Fed rate hike and falling gold prices was cited.

- Date: 2022-10-10 · published 2022-10-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39411-baht-plummets-to-26-year-low-against-dollar
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A 26-year low for the baht raises the local cost of dollar-priced feed imports into Thailand and adds to inflation pressure on feed buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40020877

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