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The Bank of Thailand said the baht fluctuates more often because of uncertainty over the economic policies of major powers. Governor Veerathai noted the baht is less volatile than other Asian currencies.
He suggested traders use foreign currency deposit accounts and forward purchase agreements to hedge exposure.
Currency swings add hedging costs for Thai importers of feed ingredients, but the story does not signal a change in commodity supply or demand.
pattayamail.comNNTApr 21, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
