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The Thai baht rallied about 2.3% in August to around 35.45 per dollar, leading Asian currency gains. The move reflects optimism about tourism-led growth and rising tourist arrival forecasts.
A narrowing current-account deficit from falling oil prices is also supporting the currency.
A stronger baht lowers the local-currency cost of imported feed ingredients for Thai buyers, while tourism-driven growth supports domestic demand for feed and protein.
bloomberg.comJaehyun EomAug 15, 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.
