# Thai Baht Tested THB30.30/USD, Representing the Strongest in more than Six Years (Current Issue No.3039)
 - KASIKORN RESEARCH CENTER

> The baht tested 30.30 per dollar, its strongest level in more than six years, and is Asia's best-performing currency so far in 2019. KResearch attributes the gain mainly to Thailand's current account surplus and safe-haven status rather than capital inflows.

- Date: 2019-10-09 · published 2019-10-09T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56853-thai-baht-tested-thb30-30-usd-representing-the-strongest-in-more-than-six-years
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht erodes the competitiveness of Thai exports, including agricultural goods, which can weigh on regional export pricing. The effect is a currency move rather than a change in feed supply.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- kasikornresearch.com: https://www.kasikornresearch.com/en/analysis/k-econ/financial/Pages/z3039.aspx

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