# Bangkok Post - Bank of Thailand to adjust forex rules to cope with volatility

> The Bank of Thailand is considering loosening its foreign exchange regulatory framework, including reducing FX limits, facilitating hedging, and dropping supporting-document requirements for normal transactions above $200,000. The baht hit a more than 13-month low of 32.03 per dollar, down 6.4% so far this year.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46853-bangkok-post-bank-of-thailand-to-adjust-forex-rules-to-cope-with-volatility
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht is a macro currency move with little direct effect on feed grain or meal supply and demand, though it can shift Thai feed import costs at the margin.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2140407/bank-of-thailand-to-adjust-forex-rules-to-cope-with-volatility

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