# Baht boost ‘due to greenback’s depreciation’

> The baht has risen more than 7 percent since the start of the year, which analysts attribute mainly to US dollar weakness and improved Thai economic conditions. Geopolitical and political risks in the US are also cited as factors that could prompt some market players to act.

- Date: 2017-08-21 · published 2017-08-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/69690-baht-boost-due-to-greenback-s-depreciation
- 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 firmer baht makes Thai imports of feed ingredients cheaper in local terms while reducing competitiveness of Thai exports, and dollar weakness supports dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-24 | [Bangkok Post - BoT: Baht climbs as greenback slips](https://feedsoft.ai/events/61345-bangkok-post-bot-baht-climbs-as-greenback-slips.md) | -0.4% | -0.3% |
| DXY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.3% | -1.7% |
| DXY | 2021-08-27 | [Dollar depreciation unlikely to last \| Capital Economics](https://feedsoft.ai/events/45478-dollar-depreciation-unlikely-to-last-capital-economics.md) | -0.9% | -0.0% |
| DXY | 2024-08-28 | [Weakening dollar, rising gold price behind’s baht’s appreciation: BOT chief](https://feedsoft.ai/events/29094-weakening-dollar-rising-gold-price-behind-s-baht-s-appreciation-bot-chief.md) | +0.5% | -0.3% |
| DXY | 2023-11-29 | [The Greenback Falls on Lower Bond Yields - Desjardins](https://feedsoft.ai/events/33403-the-greenback-falls-on-lower-bond-yields-desjardins.md) | +1.0% | -0.9% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30324470

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