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A Thai Commerce Ministry study found that currency fluctuations hurt Thai shipments to Argentina and Turkey, where currencies depreciated sharply in 2018. The baht fluctuated 4.6 percent in 2018, ranking it as one of the more stable currencies among Thailand's trading partners.
Sharp depreciation in buyer currencies cuts their purchasing power for imports, which can reduce demand for Thai agricultural exports such as rice and rubber.
nationthailand.comMar 25, 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.
