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A Bangkok Post commentary argues the Thai baht will stay volatile into 2022, noting it weakened from 29.90 to 33.90 per dollar before recovering to about 32.80. It names the US dollar, tourism recovery and oil prices as the main drivers.
Baht volatility changes the landed cost of Thai feed and protein imports, and oil price swings feed into freight and fuel costs. The piece is analysis rather than a new shock.
bangkokpost.comBangkok Post Public Company LimitedNov 26, 2021Not enough comparable past events yet for a historical read.
After 54 past neutral macro events, BRENT moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
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.
