# What Does a Rising Baht Mean for Thailand’s Economy? – The Diplomat

> The Bank of Thailand's policy statement and economic data have made the baht a focus, with exports having contracted for four straight months through June. The central bank cut its 2019 GDP growth forecast to 3.3% from 3.8% and has introduced measures to slow capital inflows. Commentary holds that the strong baht is hurting exports and tourism.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/57867-what-does-a-rising-baht-mean-for-thailand-s-economy-the-diplomat
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued baht strength squeezes export margins and weakens demand for regional goods, which can dampen Thai import appetite for feed ingredients. The article is largely analysis, with no sharp new shock to prices.

## Read by commodity

- USDTHB: neutral

## Sources

- thediplomat.com: https://thediplomat.com/2019/08/what-does-a-rising-baht-mean-for-thailands-economy/

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