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The baht opened at 31.26 per US dollar on May 31, unchanged from Friday's close. Krungthai Bank expects it to trade between 31.15 and 31.45 this week, with its move tied to the dollar and foreign fund flows.
Exporters' dollar selling is expected to limit any sharp weakening.
A stable baht keeps Thai import costs for feed ingredients predictable for buyers sourcing from or through Thailand. The forecast points to no major shift in the currency's pressure on costs.
nationthailand.comMay 31, 2021Not 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.
