# Baht may not decline much, thanks to foreigners snapping up Thai stock: market strategist

> The baht opened at 33.25 per dollar on March 31, strengthening from 33.31 the prior day. Krungthai Bank strategist Poon Panichpibool expects limited weakness because foreigners have bought 7 billion baht of short-term Thai bonds over two days.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42508-baht-may-not-decline-much-thanks-to-foreigners-snapping-up-thai-stock-market
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht lowers the local-currency cost of imported feed ingredients for Thailand, while uncertainty over Ukraine-Russia talks is the main downside risk.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40014008

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