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The Thai baht has weakened to a five-year low of 34.62 per dollar as of May 9, 2022, after gaining strongly in January. Analysts attribute the decline to risk-off flows after the Russia-Ukraine war and a stronger dollar.
Persistent baht weakness raises the local-currency cost of imported feed ingredients and makes dollar-priced commodities more expensive for Thai buyers.
bangkokpost.comBangkok Post Public Company LimitedMay 11, 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.
