# Thai currency hits seven-month low over coronavirus outbreak | SGGP English Edition

> The baht hit a seven-month low of 31.17 per dollar on January 30 as investors worried about the coronavirus outbreak, according to Kasikorn Research. Thai growth may fall below 2.5% this year, and the University of the Thai Chamber of Commerce estimates losses of THB 80-100 billion mainly from tourism.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55354-thai-currency-hits-seven-month-low-over-coronavirus-outbreak-sggp-english
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Thailand's weaker growth outlook and tourism losses point to softer domestic demand, a macro signal with limited direct impact on feed grain prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.sggp.org.vn: https://en.sggp.org.vn/thai-currency-hits-seven-month-low-over-coronavirus-outbreak-post82366.html
- en.vietnamplus.vn: https://en.vietnamplus.vn/thai-currency-hits-seven-month-low-over-coronavirus-outbreak-post167973.vnp

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