# Baht continues to slide amid increasing worries about Covid-19

> The Thai baht weakened to 31.70 per US dollar on Monday morning, extending losses amid concerns about coronavirus spreading outside China. It had hit an eight-and-a-half-month low of 31.69 the prior Friday, after trading at 31.16 on February 14.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54837-baht-continues-to-slide-amid-increasing-worries-about-covid-19
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht makes Thai exports more competitive but raises the cost of dollar-priced feed imports such as soymeal and corn from Thailand's suppliers. Currency moves of this size have a modest effect on feed ingredient prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30382717

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