# Baht weakens, sliding 9.5 per cent in 2020

> The Indonesian rupiah fell nearly 16 percent since late December, approaching its 1998 record low, as foreign investors sold stocks and bonds. The baht dropped about 9 percent, erasing its 2019 gains, after tourism stoppages hit Thailand's current account. Indonesia cut its 2020 growth forecast to 2.3 percent.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53905-baht-weakens-sliding-9-5-per-cent-in-2020
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency weakness in key Asian feed-importing economies raises local costs of dollar-denominated feed ingredients and signals weaker regional demand.

## Read by commodity

- USDIDR: bullish ▲
- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30385262

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