# The Thai Baht Reached a New 6-Year High. Here’s Why It’s Surging - Bloomberg

> The Thai baht rose as much as 0.3% to 30.187 per US dollar, its strongest level since May 2013. The currency is up 7.8% this year, more than any emerging-market peer except Russia's ruble.

- Date: 2019-10-25 · published 2019-10-25T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56849-the-thai-baht-reached-a-new-6-year-high-here-s-why-it-s-surging-bloomberg
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht makes Thai exports more expensive and can squeeze Thai rice and other farm export competitiveness, which may tighten feed-relevant export supply. The move is mainly a currency story with limited direct effect on feed prices.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-10-25/the-thai-baht-reached-a-new-6-year-high-here-s-why-it-s-surging

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