# Thai currency expected to continue weakening amid virus crisis

> The baht opened at 31.29 per dollar on April 21, weakening from 31.27 the prior day. Krungthai Bank expects further weakness as the Covid-19 crisis drives safe-haven dollar demand and companies buy dollars to pay dividends.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/47880-thai-currency-expected-to-continue-weakening-amid-virus-crisis
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued baht weakness would raise the local-currency cost of dollar-priced feed ingredients for Thai buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40000056

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