# Thailand: Baht’s reversal of fortune

> ING expects the USD/THB pair to trade in a new 31-33 range in 2020, close to the top end over the next three months. The baht fell 3.7% against the dollar in January after being Asia's best performer in 2019, and ING downgraded its Thai current account and GDP forecasts.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55352-thailand-baht-s-reversal-of-fortune
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A forecast of persistent baht weakness reflects weaker Thai growth and tourism, a macro view with limited direct effect on feed commodity prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-bahts-reversal-of-fortune

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