# BOT poised to tame runaway baht

> The Bank of Thailand vowed to step up measures against the baht's surge versus the US dollar, with its governor expressing unease over the currency's sharp gains. The baht reached 31.37 per dollar, and suggestions emerged that capital outflow controls could be relaxed.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/67221-bot-poised-to-tame-runaway-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger baht erodes Thai export competitiveness and makes Thai feed-related imports cheaper in baht terms, while the weaker dollar tends to support dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-01-04 | [Baht rises on dollar sales due to Fed's fiscal policy](https://feedsoft.ai/events/49404-baht-rises-on-dollar-sales-due-to-fed-s-fiscal-policy.md) | -0.0% | +0.9% |
| DXY | 2026-08-24 | [Bangkok Post - Baht set to rise further amid US worries](https://feedsoft.ai/events/18173-bangkok-post-baht-set-to-rise-further-amid-us-worries.md) | +0.6% | +1.1% |
| DXY | 2018-03-22 | [Traders take cue from Fed rate rise to push baht, stocks higher](https://feedsoft.ai/events/66242-traders-take-cue-from-fed-rate-rise-to-push-baht-stocks-higher.md) | -0.8% | -1.3% |
| DXY | 2023-02-28 | [Bangkok Post - Baht tipped to strengthen after US rates peak](https://feedsoft.ai/events/37583-bangkok-post-baht-tipped-to-strengthen-after-us-rates-peak.md) | -0.7% | -0.9% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30337257

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