# BoT Governor defends weaker Thai Baht, says weaker currency is nothing to worry - Thai Enquirer Main

> The Bank of Thailand governor said the baht's depreciation was in line with regional currencies and mainly driven by the stronger US dollar, which rose about 11 percent versus the baht's roughly 7 percent weakening. He said the currency was not abnormal.

- Date: 2022-07-11 · published 2022-07-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40766-bot-governor-defends-weaker-thai-baht-says-weaker-currency-is-nothing-to-worry
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The central bank signaling no intervention suggests the baht may stay weak, keeping Thai import costs for feed ingredients high.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-04 | [BoT Governor reveals the baht is depreciating The main reason is the strong dollar. Emphasizing not going against market forces - Money & Banking Magazine](https://feedsoft.ai/events/33930-bot-governor-reveals-the-baht-is-depreciating-the-main-reason-is-the-strong.md) | -0.8% | +0.0% |
| DXY | 2022-10-04 | [The Aussie dollar is dropping against the US currency, but it’s not all bad news - ABC News](https://feedsoft.ai/events/39392-the-aussie-dollar-is-dropping-against-the-us-currency-but-it-s-not-all-bad-news.md) | +0.5% | +0.2% |
| DXY | 2022-07-06 | [Thai baht weakness driven by external factors, FinMin says \| Reuters](https://feedsoft.ai/events/40760-thai-baht-weakness-driven-by-external-factors-finmin-says-reuters.md) | +0.7% | -0.5% |
| DXY | 2016-12-29 | [What Is China Trying to Do With Its Currency?    - WSJ](https://feedsoft.ai/events/73691-what-is-china-trying-to-do-with-its-currency-wsj.md) | -1.0% | -2.1% |
| DXY | 2025-05-14 | [Baht out of luck: Thai currency slips as greenback flexes muscle \| Thaiger](https://feedsoft.ai/events/24942-baht-out-of-luck-thai-currency-slips-as-greenback-flexes-muscle-thaiger.md) | -0.5% | -1.9% |

## Sources

- thaienquirer.com: https://www.thaienquirer.com/41662/bot-governor-defends-weaker-thai-baht-says-weaker-currency-is-nothing-to-worry/

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