# Covid-19 situation, dividends to foreign investors could weaken baht

> The baht opened at 31.20 per dollar on April 19, strengthening from 31.29 on Friday. Krungthai Bank expects a weekly range of 31.05 to 31.55, with Covid-19 developments in Thailand and dividend-related dollar purchases as the main risks to the currency.

- Date: 2021-04-19 · published 2021-04-19T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/47882-covid-19-situation-dividends-to-foreign-investors-could-weaken-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Dividend-related dollar buying could push the baht weaker and raise dollar-priced feed import costs for Thai buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30405038

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