# Bangkok Post - Baht surges to 5-year high near 31

> The Thai baht rose to its strongest level against the dollar in over five years on hopes of a US-China trade deal that would avert retaliatory tariffs. Analysts expected further appreciation past the 31 per dollar level.

- Date: 2019-02-20 · published 2019-02-20T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/60828-bangkok-post-baht-surges-to-5-year-high-near-31
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Trade-deal hopes lower tariff risk for agricultural flows, while a firmer baht reflects easing dollar demand; both are relevant to feed-price sentiment.

## Read by commodity

- SOY: bullish ▲
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-24 | [TREASURY SECRETARY TALKS DOWN THE DOLLAR WHICH DROPS SHARPLY -- BRITISH POUND SURGES AGAINST THE DOLLAR -- WHILE BRITISH BOND YIELD RISES TO HIGHEST LEVEL IN A YEAR -- BIG DROP IN DOLLAR PUSHES BLOOMBERG COMMODITY INDEX NEAR A TWO-YEAR HIGH](https://feedsoft.ai/events/66895-treasury-secretary-talks-down-the-dollar-which-drops-sharply-british-pound.md) | +1.4% | +4.9% |
| SOY | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | -0.7% | +4.4% |
| SOY | 2025-10-28 | [Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder](https://feedsoft.ai/events/22633-yuan-hits-1-year-high-on-upbeat-stocks-trade-deal-hopes-markets-business.md) | +4.9% | +5.2% |
| SOY | 2023-11-17 | [Dollar posts steep weekly fall, trades below 150 yen](https://feedsoft.ai/events/33383-dollar-posts-steep-weekly-fall-trades-below-150-yen.md) | -2.2% | -3.3% |
| SOY | 2020-11-09 | [U.S. grains: Soy futures touch new four-year top - Country Guide](https://feedsoft.ai/events/12429-u-s-grains-soy-futures-touch-new-four-year-top-country-guide.md) | +3.9% | +5.5% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1632290/baht-surges-to-5-year-high-near-31

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