# Why Thai baht still strengthen despite lack of foreign demands? | TMBThanachart (ttb)

> TMBThanachart explains that the baht has appreciated more than 5% since March despite weak foreign demand, citing dollar weakness and capital flows. Q2 GDP contracted 12.2%, and exports fell 12.4% in the first seven months of the year. The bank says the baht's strength is hurting exports and tourism.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51387-why-thai-baht-still-strengthen-despite-lack-of-foreign-demands-tmbthanachart-ttb
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A strong baht makes Thai exports and feed-related imports more expensive, which can reduce Thai demand for imported feed ingredients.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- ttbbank.com: https://www.ttbbank.com/en/analytics/economic-finance/economic-analysis/macroeconomic-analysis-10-sep-2020

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