# Optimism about Baht rises as Thailand's tourism recovers, says Bloomberg - KAOHOON INTERNATIONAL

> The baht opened at 35.46 per dollar, after dropping to a five-year low of 35.57 the prior week. Bloomberg reported the baht's 6% quarterly drop was its worst since early 2020, and that tourism recovery and a possible central bank hike could help it stabilise.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/41223-optimism-about-baht-rises-as-thailand-s-tourism-recovers-says-bloomberg-kaohoon
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expected baht stabilisation would ease pressure on the local cost of USD-priced feed imports, but the outlook remains uncertain.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- kaohooninternational.com: https://www.kaohooninternational.com/economics/513567

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