# Forex fluctuations hit Thai shipments

> 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.

- Date: 2019-03-25 · published 2019-03-25T12:00:00.000Z
- Category: trade · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/60360-forex-fluctuations-hit-thai-shipments
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Sharp depreciation in buyer currencies cuts their purchasing power for imports, which can reduce demand for Thai agricultural exports such as rice and rubber.

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30366528

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