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Analysts at Kasikorn Securities say the baht has recovered about 5% over the past two months to near 31.3 per dollar after weakening about 10% in the first quarter. They expect energy, electricity and airline companies to benefit from a stronger baht, while electronics and food exporters will lose.
Economic recovery and reopening economies are supporting Thai exports.
Thai food exporters earn in dollars, so a stronger baht reduces their margins and could slow their demand for imported feed ingredients. Lower fuel costs for airlines are a minor background factor for commodity prices.
nationthailand.comJun 9, 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.
