# Thai Baht Has Emerged as Asia's Safest Trade War Bet | Fortune

> The Thai baht has been little changed during the trade war while the rupee and won weakened about 3%. Strategists expect the currency to keep its safe-haven status because of Thailand's current-account surplus and record foreign reserves. One forecaster projects 30.25 per dollar by year-end from about 30.74.

- Date: 2019-08-06 · published 2019-08-06T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/57869-thai-baht-has-emerged-as-asia-s-safest-trade-war-bet-fortune
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The baht's resilience means Thai importers face a stable cost base relative to other emerging-market buyers. The safe-haven status suggests limited exchange-rate pressure on feed purchases.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- fortune.com: https://fortune.com/2019/08/06/thai-baht-currency-war-trade/

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