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Kasikorn Research Center reports the baht weakened from late February to early March 2019 after hitting a five-year high of THB31.07 per dollar. The baht fell 2.4 percent between February 20 and March 5, more than other Asian currencies, amid foreign equity and bond sales and a firmer dollar.
Rapid baht volatility raises hedging costs for Thai importers and exporters of feed ingredients and shifts the relative competitiveness of Thai exports.
kasikornresearch.comMar 5, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
