# Baht Set to Top Emerging-Market Currencies in Stormy 2018 - Bloomberg

> The Thai baht had slipped 0.3% to 32.672 per dollar year-to-date, the best performance among 22 major developing-economy currencies tracked by Bloomberg. A current-account surplus and ample foreign-exchange reserves offset pressure from the Federal Reserve's tightening and US-China trade tensions.

- Date: 2018-12-12 · published 2018-12-12T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/61819-baht-set-to-top-emerging-market-currencies-in-stormy-2018-bloomberg
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Baht resilience reflects Thailand's external buffers, which limit the currency's pass-through to Thai import costs for feed ingredients. The effect on global feed grain prices is minimal.

## Read by commodity

- USDTHB: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-12-12/baht-set-to-top-emerging-market-currencies-in-stormy-2018

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