# Limited downside for baht even if dollar strengthens

> 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.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/47358-limited-downside-for-baht-even-if-dollar-strengthens
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40001495

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