# Thai c.bank has intervened after baht rise "too fast" -governor

> Thailand's central bank intervened to slow the baht's rise, which the governor said had been too fast. The currency was trading near 30.38 per US dollar after hitting a more than 10-month high of 30.13. The governor said the strength was hurting exporters and the fragile recovery.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/50404-thai-c-bank-has-intervened-after-baht-rise-too-fast-governor
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A sharply stronger baht erodes the competitiveness of Thai exporters and can weigh on regional feed-ingredient demand pricing in dollar terms; the effect on grain and meal prices is indirect and limited.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- zawya.com: https://www.zawya.com/en/economy/thai-cbank-has-intervened-after-baht-rise-too-fast-governor-v4i6ztf9

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