# Thai Baht … In comparison with other Asian currencies
 - KASIKORN RESEARCH CENTER

> The baht and other Asian currencies depreciated 5 to 8.5 percent, with the yen down 15.2 percent, to multi-year lows against the dollar. Rising Fed rates outpacing Asian central banks drove the moves, widening trade deficits for importers of oil and commodities.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/40764-thai-baht-in-comparison-with-other-asian-currencies-kasikorn-research-center
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness raises import bills for Asian feed and energy buyers, and deficit pressure may limit how much grain and oilseed they can afford to buy.

## Read by commodity

- USDIDR: bullish ▲
- USDJPY: bullish ▲
- USDKRW: bullish ▲
- USDMYR: bullish ▲
- USDTHB: bullish ▲
- USDVND: bullish ▲

## Sources

- kasikornresearch.com: https://www.kasikornresearch.com/en/analysis/k-social-media/Pages/TH-Baht-FB-07-07-2022.aspx

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