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The Bank of Thailand recently liberalised foreign exchange rules to encourage capital outflows, including allowing foreign currency deposits and raising foreign securities limits. A former BOT director said these measures would not stop baht appreciation and urged deep rate cuts and yield curve control.
He forecast the baht moving to between 28 and 29 per dollar by end-2020 or early 2021.
Expected further baht strength would make Thai dollar-denominated imports cheaper but it has no meaningful direct effect on grain or meal supply and prices.
nationthailand.comNov 22, 2020Not 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.
