# Thai Baht sinks to a new 16-year low, pressured mainly by strong US dollar (Current Issue No.3347)
 - KASIKORN RESEARCH CENTER

> The Thai baht recently tested 37.20 per dollar, its weakest level in almost 16 years, after the Federal Reserve signaled further rate hikes. Kasikorn Research says the Asian-wide currency selloff is driven mainly by dollar strength rather than Thai economic weakness. It expects the baht to trade in a volatile range for the rest of 2022.

- Date: 2022-09-21 · published 2022-09-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39873-thai-baht-sinks-to-a-new-16-year-low-pressured-mainly-by-strong-us-dollar
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued baht weakness raises the cost of imported feed ingredients priced in dollars, squeezing Thai feed margins. The outlook for a volatile range keeps input-cost uncertainty elevated.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- kasikornresearch.com: https://www.kasikornresearch.com/en/analysis/k-econ/financial/Pages/Baht-z3347.aspx

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