# Bank of Thailand grapples with baht appreciation - Central Banking

> The Bank of Thailand is concerned about the baht, which reached its strongest level against the dollar in six years after rising nearly 9% in 2019. The central bank has relaxed forex rules and cut rates to curb the currency's gains.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55356-bank-of-thailand-grapples-with-baht-appreciation-central-banking
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Policy steps to weaken the baht are a macro currency story; they have limited direct influence on feed grain or protein prices.

## Read by commodity

- USDTHB: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/reserves/foreign-exchange/4648021/bank-of-thailand-grapples-with-baht-appreciation

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