# Thai Baht hits six year high - 31.05 to the US dollar | Thaiger

> The Thai baht hit a six-year high of about 31.05 per US dollar after the US Federal Reserve signaled possible rate cuts. The Fed held rates at 2.25-2.5% amid trade tensions, and the dollar weakened against most major assets. Analysts expect the baht to trade in a 31.15-31.25 range.

- Date: 2019-06-21 · published 2019-06-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/58869-thai-baht-hits-six-year-high-31-05-to-the-us-dollar-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness after the Fed signal lifts Asian currencies broadly, which can lower the local-currency cost of dollar-priced commodity imports and reduce export competitiveness for Thai goods.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-24 | [Aussie hits fresh three-year highs against the US dollar, close to 80 US cents](https://feedsoft.ai/events/48819-aussie-hits-fresh-three-year-highs-against-the-us-dollar-close-to-80-us-cents.md) | +0.6% | +1.2% |
| DXY | 2019-06-20 | [Dovish Fed Hits The US Dollar \| ECONOMETER](https://feedsoft.ai/events/58783-dovish-fed-hits-the-us-dollar-econometer.md) | -1.1% | -0.8% |
| DXY | 2025-06-30 | [The Dollar Has Its Worst Start to a Year Since 1973](https://feedsoft.ai/events/24416-the-dollar-has-its-worst-start-to-a-year-since-1973.md) | -0.0% | +0.8% |
| DXY | 2024-11-29 | [Yen hits six-week high, dollar dips for month-end](https://feedsoft.ai/events/27606-yen-hits-six-week-high-dollar-dips-for-month-end.md) | -0.3% | +1.3% |
| DXY | 2024-08-26 | [Thai baht hits 13-month high against dollar on economic hopes - Nikkei Asia](https://feedsoft.ai/events/29095-thai-baht-hits-13-month-high-against-dollar-on-economic-hopes-nikkei-asia.md) | +0.7% | -0.0% |

## Sources

- thethaiger.com: https://thethaiger.com/news/business/thai-baht-hits-six-year-high-31-05-to-the-us-dollar

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