# Thai Baht Forecasts See USD/THB To Remain Weak Despite A Return Of Democratic Elections

> The US Dollar to Baht rate spiked to about 31.66 in early trading on March 25, 2019 as markets weighed uncertainty over Sunday's Thai election, where both Phalang Pracharat and Pheu Thai claimed victory. Official results are not expected until May 9.

- Date: 2019-03-25 · published 2019-03-25T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/60356-thai-baht-forecasts-see-usd-thb-to-remain-weak-despite-a-return-of-democratic
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Political uncertainty is expected to keep the baht weak, which lowers Thai export costs in dollar terms and can affect Thai rice and rubber pricing and competitiveness in export markets.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25150/usd-thb-thai-baht-tipped-to-remain-weak-despite-a-return-of-democratic-elections.html

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